Syra Health Secures Contract Valued at Up to $2.1 Million to Provide Medical Management Nurses for Major Insurance Provider

Rhea-AI Summary

Syra Health (OTCQB: SYRA) has secured a new one-year contract valued at up to $2.1 million with a major insurance provider. Under the agreement, Syra Health will provide medical management nurses to support specific health plans, working with healthcare providers and plan members.

The nurses will be responsible for assessing medical needs, interpreting benefits, and connecting members to appropriate care and support services. This contract expands Syra Health's existing services, which include data gathering and analysis for healthcare quality measures, by adding direct care support capabilities.

Positive

• New contract worth up to $2.1 million for one year
• Expansion of service offerings to include direct care support
• Strategic growth in insurance provider services segment

Negative

• None.

CARMEL, Ind., July 17, 2025 /PRNewswire/ -- Syra Health (OTCQB: SYRA), a healthcare technology company dedicated to powering better health through innovative technology products and services, announced today it has been awarded a new contract with a major insurance provider to staff registered nurses to support specific health plans.

Under the one-year agreement, worth up to $2.1 million, Syra Health will provide medical management nurses to work with healthcare providers and plan members. The nurses will assess medical needs, interpret benefits, and connect members to appropriate care and support services.

"This contract builds on our existing work supporting insurance providers in improving health outcomes for members," said Priya Prasad, Interim CEO of Syra Health. "By embedding skilled medical management nurses into care teams, we're helping to close gaps in care and ensure that individuals receive the right care at the right time."

Syra Health currently supports major insurance providers in gathering and analyzing data to inform healthcare quality measures and enhance member plans. This new agreement expands Syra Health's impact by adding direct care support to its data-driven service offerings.

About Syra Health
Syra Health is a healthcare technology company that powers better health in critical areas such as mental health, population health, and the healthcare workforce. The company's leading-edge technology products and innovative services focus on prevention, access, and affordability. With a commitment to improving health, Syra Health is advancing healthcare solutions nationwide and around the world. For more information, please visit www.syrahealth.com.

Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy, and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty, and changes in circumstances. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

For Investor or Media Inquiries:
Christine Drury
Director of IR/PR

Syra Health
463-345-5180
christined@syrahealth.com

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SOURCE Syra Health

FAQ

What is the value of Syra Health's (SYRA) new contract with the insurance provider?

Syra Health secured a one-year contract valued at up to $2.1 million with a major insurance provider.

What services will Syra Health (SYRA) provide under the new insurance contract?

Syra Health will provide medical management nurses who will assess medical needs, interpret benefits, and connect members to appropriate care and support services.

How does this contract expand Syra Health's (SYRA) existing services?

The contract adds direct care support through medical management nurses to Syra Health's existing data gathering and analysis services for healthcare quality measures.

Who announced the new contract for Syra Health (SYRA)?

Priya Prasad, Interim CEO of Syra Health, announced the contract, emphasizing its role in improving health outcomes for members.