SCWorx Secures $1M+ Contract with Major Northeast Hospital System

SCWorx has received a new five-year contract with a hospital system in the Northeast, worth a minimum of $1 million. The contract is for ScanWorx, the company's proprietary service offering. This marks an expansion of SCWorx's customer base.

The healthcare technology landscape is continually evolving, with innovative solutions emerging to streamline operations, enhance patient outcomes, and drive financial growth. One such company, SCWorx (Nasdaq: WORX), is making waves with its proprietary ScanWorx service offering, recently securing a five-year contract with a prestigious hospital system in the Northeastern United States, worth a minimum of $1 million [1].

This expansion marks a significant milestone for SCWorx, as it continues to expand its customer base and solidify its presence in the healthcare industry. The hospital system, which includes senior executives from finance, perioperative, and materials departments, has recognized the potential of ScanWorx to optimize their financial performance by increasing automation and providing accurate data for patient billing systems [1].

The ScanWorx solution offers a unique approach to documenting cases in hospital procedural areas, utilizing advanced data management tools and integration modules to deliver increased granular transparency and form a closed-loop processing solution [1]. This enhanced visibility enables hospitals to maximize revenues, reduce product costs, and drive better clinical outcomes in a sustainable and replicable manner [1].

Beyond the financial benefits, the implementation of ScanWorx also represents a crucial step forward in aligning all departments within the hospital system towards a unified vision and mission for improved patient care and community service [1].

SCWorx's success with this hospital system is not an isolated incident. The company's proprietary Ultraverse Platform, which utilizes machine learning and artificial intelligence, offers a suite of fully integrated SaaS-based solutions tailored to the needs of healthcare providers [1]. This comprehensive approach sets SCWorx apart from its competitors and positions the company for continued growth and success in the dynamic healthcare technology market.

References:
[1] SCWorx Expands Customer Base with New Contract for. (2020, January 7). Retrieved January 10, 2020, from https://ir.scworx.com/press-releases/detail/26/scworx-expands-customer-base-with-new-contract-for