SCWorx Corp. Announces New Healthcare Supply Chain Partnership

SCWorx Corp. has partnered with a leading healthcare supply chain consulting firm to strengthen its SaaS data management program. The partner is experienced in helping hospitals optimize procurement spend and offers best-in-class products and services across various categories. This partnership aims to drive measurable savings through vendor vetting, contract analysis, and strategic purchasing.

Title: SCWorx Corp. Expands Healthcare Data Management Network with New Strategic Partnership

Tampa, FL, Aug. 26, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) has announced a significant strategic collaboration with a major healthcare supply chain partner to enhance its SaaS data management program. This partnership aims to optimize procurement spend and unlock cost savings for hospitals across the United States.

The unnamed partner is a recognized leader in healthcare supply chain consulting, with extensive experience in helping hospitals achieve cost savings and efficient spend management. The partner boasts access to best-in-class products and services at the local, regional, and national levels, covering virtually every product or service category. This partnership will leverage SCWorx's Foundation product, which offers data cleanse, normalization, and enrichment services to help hospitals optimize their procurement processes.

Tim Hannibal, SCWorx CEO, commented on the collaboration, stating, "This partner drives measurable savings by vetting vendors, analyzing contracts, and leveraging billions in spend through strategic purchasing. They have purchasing partners in all 50 states and are growing every day. All of this helps the partner anticipate, identify, and proactively deliver cost-saving opportunities through cooperative purchasing on an ongoing basis." Hannibal also noted that the SCWorx Foundation product will enhance the partner's product line and provide additional value to their healthcare customers.

SCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers. These solutions are integrated with a robust data platform, ensuring accuracy, cost savings, operational efficiency, and reliable benchmarking and reporting. The company's modules include Virtual Item Master, data cleanse and normalization, contract management, request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements.

This partnership reinforces SCWorx's unique value proposition, which is to help hospitals better utilize data for improved procurement management. The collaboration is part of SCWorx's broader strategy to strengthen its data management services and expand its market reach.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. These statements include expectations about the company's strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans, and objectives of management. You can identify many (but not all) such forward-looking statements by looking for words such as "assumes," "approximates," "believes," "expects," "anticipates," "estimates," "projects," "seeks," "intends," "plans," "could," "would," "may" or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements.

References

[1] https://www.stocktitan.net/news/WORX/sc-worx-expands-healthcare-data-management-network-with-new-v1vu86w6v7j7.html
[2] https://www.marketscreener.com/news/scworx-expands-healthcare-data-management-network-with-new-collaboration-ce7c50d9dd89f223