SCWorx Announces Hiring of Tad Schweikert as Chief Operating Officer
June 13 2019 - 6:00AM
Business Wire
Key hire reflects company’s commitment to continuing to drive
innovation and growth within the healthcare industry
SCWorx Corp (Nasdaq: WORX) announced today that the company has
hired veteran healthcare leader and innovator, Tad Schweikert, as
Chief Operating Officer responsible for leading the company’s
continued growth and scaling its operations. Mr. Schweikert is
reporting to SCWorx Chairman & Chief Executive Officer Marc
Schessel.
Schweikert, who brings over 28 years of healthcare industry
experience, will be responsible for the strategic growth of the
SCWorx customer base and revenue. His team will drive the company’s
business development efforts and be responsible for operations for
all commercial activities across the company’s existing and
potential healthcare provider customers and partners in the United
States.
“SCWorx is investing in the talent necessary to develop even
more industry-leading data management service offerings so that our
healthcare provider customers can operate more efficiently, improve
margins and utilize our unique solutions to positively impact
business operations,” said Schessel. “Tad is an outstanding senior
leader with a proven track record in the healthcare industry. He
and his SCWorx team will be instrumental in deepening our
commitment to provide healthcare providers with the capabilities
and services that make it easier to utilize, and benefit from,
SCWorx products and services.”
The company has made significant, ongoing investments in our
data management services to respond to the urgent business needs of
customers within this evolving marketplace. Recent examples of the
company’s progress include the signing of a large industry partner,
significant customer wins and the recent launch of a beta version
of an advanced web portal application.
“It’s an honor to have the opportunity to join SCWorx, a company
I have admired and watched closely,” said Schweikert. “SCWorx has a
solid reputation as an innovator in healthcare, is respected for
its technology and admired for its people. I am looking forward to
leading this dynamic, talented team as we help build the company’s
future. It’s going to be an exciting time for customers, partners
and employees of SCWorx and it’s a privilege to be part of the
team.”
Schweikert was most recently a Senior Principal of Enterprise
Solutions at Vizient where he helped grow the business by working
with large integrated delivery systems and academic medical centers
to improve their margins and align organizational and operational
strategies.
About SCWorx Corp
SCWorx has created The Platform of One™ an advanced attributed
Virtualized Item Data Warehouse utilizing Machine Learning (ML) and
Artificial Intelligence (AI) in order to offer a suite of SaaS
based solutions for healthcare providers. The value proposition for
customers revolves around all solution modules being fully
integrated with the Virtual Data Warehouse platform. The solution
modules include Virtual Item Master, Contract Management and RFP
Module, Automated Rebate Management Module, Data Interoperability
(EMR, MMIS, Finance) Module, Automated Item Add Portal, Virtual
General Ledger (GL), and the Data Analytics module. SCWorx Platform
of One™ creates the Single Source of Truth for the Healthcare
providers’ data governance and data analytics for the
Executives.
Forward-looking Statements
This press release contains “forward-looking statements” that
involve substantial risks and uncertainties for purposes of the
safe harbor provided by the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this press release regarding strategy, future
operations, future financial position, prospects, plans and
objectives of management are forward-looking statements. 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
as a result of many factors, including, without limitation,
securing future contracts and containing costs, the ability to
project future cash utilization and reserves needed for contingent
future liabilities and business operations, the availability of
sufficient resources of the combined company to meet its business
objectives and operational requirements and other important factors
that are detailed in filings with the Securities and Exchange
Commission made from time to time by SCWorx, including its Annual
Report on Form 10-K for the year ended December 31, 2018, Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K. Matters
described in forward-looking statements may also be affected by
other known and unknown risks, trends, uncertainties and factors,
many of which are beyond the company’s ability to control or
predict. SCWorx undertakes no obligation to release publicly any
revisions to any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20190613005182/en/
SCWorx Corp.John Price, CFOjprice@scworx.com
SCWorx (NASDAQ:WORX)
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