Syra Health Stock Price, News & Analysis

Syra Health Corp. (NASDAQ: SYRA), a healthcare technology company, has announced its plans to report financial results for the second quarter of 2024 on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 9:00 AM ET on the same day to discuss the results.

Investors can access the conference call via an Internet webcast available on the company's website. Those wishing to submit questions for the call can email them to shamsian@lythampartners.com. A replay of the webcast will be available in the Investors section of Syra Health's website after the call.

Syra Health Corp. (NASDAQ: SYRA) has been awarded a population health contract by the Wyoming Department of Health, Behavioral Health Division, marking its entry into its 23rd state. The contract, under the Bipartisan Safer Communities Act Grant, tasks Syra Health with assessing emergency preparedness plans for eight Wyoming Behavioral Health Centers (BHCs).

The company will conduct a comprehensive situational assessment, including a SWOT analysis for each plan, and provide tailored recommendations to improve mental health services after traumatic events. Syra Health's Population Health Management team, comprising data analysts and public health experts, will oversee the project, aiming to enhance healthcare readiness and community well-being.

Syra Health Corp. (NASDAQ: SYRA) has been awarded a $5.8 million contract to train healthcare professionals in Indiana who provide home and community-based care. The contract, awarded by the Indiana Family and Social Services Administration (FSSA), runs for four years with two additional one-year renewal options.

Syra Health will deliver curriculum development, competency assessments, a learning management system (LMS), a training registry, and a quality improvement plan. The company's curriculum development team, with over 200 years of combined experience, will create module-specific learning objectives and activities across various curricula, integrating health equity and cultural competency principles.

This contract aligns with Syra Health's recent surge in demand for off-the-shelf training services and positions the company to expand its health training services nationwide.

Syra Health Corp. (NASDAQ: SYRA) has announced the release of its artificial intelligence (AI) solution for redacting personally identifiable information in compliance with HIPAA regulations. The company is offering this configurable solution for free to the healthcare and technology community. The AI runs privately offline and can be enhanced or expanded by users.

Travis Somerville, AI Leader at Syra Health, emphasized the complexity of combining HIPAA and AI, while CEO Dr. Deepika Vuppalanchi highlighted the company's commitment to ethical, responsible, and open-source AI use. Syra Health plans to host webinars on utilizing the AI code and share best cybersecurity practices for protecting personally identifiable information.

Syra Health Corp. (NASDAQ: SYRA) announced its participation in several upcoming conferences focused on healthcare and technology. The company will sponsor and present at the AI Governance Conference on July 11 in Carmel, Indiana, showcasing its commitment to the ethical use of AI. Additionally, Syra Health will sponsor and participate in Cric Indy's Community for Diversity, Equity, and Inclusion from August 16-17, where multinational corporations will discuss diversity and inclusion themes. Finally, Syra Health will attend the Centene Supplier Summit on August 20 in St. Louis, Missouri, to network with leaders and suppliers, fostering business growth through collaboration.

Syra Health (NASDAQ: SYRA) has secured a new contract with the Missouri Department of Mental Health to provide qualified behavioral health professionals across the state. This marks the second active contract in Missouri for Syra Health, following a previous agreement in March to supply temporary medical services personnel, including physicians and psychiatrists. The National Alliance on Mental Illness (NAMI) notes that over 871,902 residents in Missouri lack sufficient access to mental health professionals. CEO Dr. Deepika Vuppalanchi emphasized the company's commitment to improving mental health services and community health by offering affordable and timely care.

Syra Health has been awarded a contract by the Maricopa County Department of Public Health (MCDPH) for its fourth training session focused on diversity, equity, and inclusion (DEI). The training aims to tackle health disparities in marginalized communities by educating participants on DEI principles, strategies to integrate these practices, and how to distinguish genuine DEI efforts from performative ones. The target audience includes Maricopa County community partners serving individuals facing systemic barriers exacerbating health disparities. This initiative underscores Syra Health's commitment to promoting health equity and empowering communities.

Syra Health has secured a contract with the North Carolina Department of Public Safety to provide nursing services across Youth Development Centers and Juvenile Detention Centers. Effective for one year with two additional one-year renewal options, the contract involves supplying registered nurses, licensed practical nurses, medical technicians, and certified nursing assistants. Revenue will depend on both the number of positions filled and the duration. The healthcare staff will be responsible for medical screenings, developing healthcare plans, and providing interventions for youth in custody. CEO Dr. Deepika Vuppalanchi emphasizes commitment to delivering high-quality care.

Syra Health announced it has secured contracts for Board Certified Behavioral Analysts (BCBAs) in Arizona and New York, marking a total presence in 22 states. The contracts with Putnam/Northern Westchester Board of Cooperative Education Services (PNWBOCES) in New York and Little Rock School District in Arkansas are for one year, with the possibility of up to four one-year renewals for the PNWBOCES agreement. These agreements reinforce Syra Health's commitment to addressing behavioral health issues in educational settings. CEO Dr. Deepika Vuppalanchi highlighted the company's rapid growth and dedication to improving mental health in schools.