SCWorx Announces New Customer Service Agreement
February 19 2019 - 7:15AM
Business Wire
Extends Contract with Leading New England
Medical Center
SCWorx Corp. (Nasdaq:WORX), a company that offers a SAAS based
suite of data management and benchmark analytics solutions for
Healthcare Providers, has expanded its relationship with an
innovative University Medical Center located in northern New
England by extending the term of its current agreement, which
initially was 2 years, to a total of 5 years, and adding $375,000
in new services.
The expanded services now cover the creation of an enterprise
wide data governance program, full maintenance and automation of
the multi-hospital system’s Item Master which is a custom list of
all things purchased by the University, assistance in the
implementation of a new EMR (EPIC) which is the Electronic Medical
Record that is used primarily in the documentation of all
procedures performed at the University and expansion of attributes
so that the institution can finally link purchases to utilization
to payments. The University has been a leader in solving business
issues via a collaborative approach with other Providers. What
makes their program remarkable is that they have been successful
even though their collaborative group is in close proximity to each
other – with the Members of the collaborative considered
competitive by many measures. As a next step, this expanding
collaborative is focused on expanding the services and operations
of their respective supply chains, with a primary goal of driving
better performance through efficient utilization of products, using
granular and accurate data that delivers outcomes, costing and
utilization information to the point of decision as a mechanism
that aligns all Provider constituents from the dietician to the
surgeons in a singular vision of delivering the best services to
their patient at the lowest possible cost.
Marc Schessel, CEO of SCWorx, commented: “We are both humbled
and are privileged that the University, after looking at many
potential solution providers, has decided to expand its
relationship with SCWorx and extend its contract. We are quite
proud that the University and its collaborative Members have chosen
SCWorx to build the foundational components that will allow the
University and its Members to speak in an instantaneous, common
vernacular and use our associated analytics to power their advanced
business programs. We look forward to a long and successful
relationship with this growing University.”
About SCWorx
SCWorx offers an advanced software solution for the management
of health care providers’ foundational business applications.
Together these software systems have been credited with the
healthcare providers’ customers tending to realize reduced medical
expenses, while healthcare providers have tended to experience
expanded revenues and more successful and safer clinical outcomes.
The SCWorx software solution ultimately transforms many aspects of
the healthcare providers’ business through its delivery of highly
accurate, real-time information that offers the executives of these
healthcare providers the ability to optimize many areas of their
day-to-day operations, negotiate better contracts with their
vendors and payors and make better decisions with respect to
strategic purchases.
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as a result of many factors, including, without limitation, the
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contingent future liabilities and business operations and the
availability of sufficient resources of the combined company to
meet its business objectives and operational requirements.
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version on businesswire.com: https://www.businesswire.com/news/home/20190219005380/en/
SCWorx Corp.John Price, CFOjprice@scworx.com
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