SCWorx Announces New SaaS and Data Management Customer Supporting a Prominent Southeastern Healthcare Provider’s Workday Platform

SCWorx (Nasdaq: WORX) announced on March 4, 2026 that it signed a new SaaS and data management customer agreement with a prominent Southeastern healthcare provider to support the customer’s Workday implementation and ongoing ERP optimization.

Rhea-AI Summary

SCWorx (Nasdaq: WORX) announced on March 4, 2026 that it signed a new SaaS and data management customer agreement with a prominent Southeastern healthcare provider to support the customer’s Workday implementation and ongoing ERP optimization.

The integrated delivery network serves communities with an IDN of over 700 beds. SCWorx will provide cloud-based data management, master data governance, legacy system migration support, data normalization, and ongoing data integrity monitoring through its SaaS platform, expanding its healthcare provider footprint and reinforcing its focus on recurring SaaS revenue aligned with major cloud platforms such as Workday.

Argus Mar 4 session

-24.76% close to close Open Argus

Details

News Market Reaction – WORX

In the Mar 4 session, WORX declined 24.76%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -24.8% in the session following this news. A negative reaction despite a new Workd...

Analysis

The stock dropped -24.8% in the session following this news. A negative reaction despite a new Workday-related SaaS customer fits a pattern where operational wins have not always driven sustained gains, as seen around prior customer and renewal announcements. Recent SEC filings detailed declining revenue, net losses, and going-concern language, which may keep focus on balance-sheet risk. Investors have also faced significant potential dilution from prior financings, which can weigh on sentiment even with new contracts.

Key Figures

Health system size: over 700 beds

Health system size

over 700 beds

Integrated delivery network supported by new SaaS agreement

Historical Context

4 past events · Latest: Dec 17

4 events

1. Dec 17

   New hospital customer

   24h Move

   -1.0%

   Signed Midwest academic hospital of ~500 beds for data services.

2. Dec 15

   Platform partnership

   24h Move

   +7.5%

   New partner agreement expanding healthcare data management network.

3. Oct 14

   Nasdaq extension

   24h Move

   +8.5%

   Granted 180-day extension to regain $1.00 minimum bid price.

4. Oct 06

   Contract renewal

   24h Move

   -0.5%

   Three-year renewal with 113% contract value increase to ~$1.69M.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

saas, integrated delivery network, enterprise resource planning

3 terms

saas technical

"it has signed a new SaaS and data management customer agreement with a prominent"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

integrated delivery network medical

"The health system’s integrated delivery network (IDN) comprises over 700 beds across"

An integrated delivery network is a single organization or affiliated group that brings together hospitals, clinics, physicians and often insurance services to coordinate patient care, billing and administration under one system. Investors care because this “one-stop” setup can lower costs, improve patient throughput and strengthen bargaining power with suppliers and payers, which affects revenue stability, profit margins and growth potential.

enterprise resource planning technical

"support the health system’s enterprise resource planning (ERP) environment within Workday."

Enterprise resource planning (ERP) is a comprehensive software system that helps organizations manage and coordinate their core activities—such as finance, supply chain, human resources, and manufacturing—within a single platform. It streamlines operations by providing real-time information, enabling better decision-making. For investors, ERP systems indicate how efficiently a company runs and can signal its ability to adapt and grow in a competitive market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New York, NY, March 04, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: SCWX), a leading provider of data management, analytics, and interoperability solutions for healthcare organizations, today announced that it has signed a new SaaS and data management customer agreement with a prominent Southeastern healthcare provider in support of its implementation and ongoing optimization of its Workday platform. The health system’s integrated delivery network (IDN) comprises over 700 beds across multiple acute care hospitals and outpatient facilities, serving communities throughout the region.

Under the agreement, SCWorx will provide its cloud-based data management and governance solutions to support the health system’s enterprise resource planning (ERP) environment within Workday. The engagement includes data normalization, master data governance, legacy system migration support, and ongoing data integrity monitoring delivered through SCWorx’s SaaS data platform.

“Healthcare organizations are increasingly recognizing that the success of a Workday implementation depends on the quality and governance of underlying data,” said Tim Hannibal, Chief Executive Officer of SCWorx. “We are pleased to support this prominent Southeastern healthcare provider, whose integrated delivery network spans over 700 beds, as it modernizes its data infrastructure. Our SaaS-based data management platform is designed to help organizations achieve cleaner conversions, improved reporting accuracy, and stronger long-term data governance.”

SCWorx’s solutions are designed to:

• Standardize and normalize supply chain master data
• Identify and remediate duplicate and inconsistent records
• Improve reporting reliability and compliance
• Support scalable data governance frameworks across enterprise systems

This new customer engagement expands SCWorx’s footprint in the healthcare provider market and reinforces the Company’s strategic focus on delivering recurring SaaS revenue through enterprise data management solutions aligned with major cloud platforms such as Workday.

For more information about SCWorx and its healthcare data management solutions, please visit www.scworx.com.

About SCWorx Corp.

SCWorx is a healthcare data management and analytics company providing SaaS-based solutions to hospitals and health systems. The Company’s platform helps healthcare organizations normalize, govern, and optimize their data to support operational efficiency, financial performance, and regulatory compliance.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding anticipated benefits of the Company’s SaaS solutions, expected performance improvements, and long-term customer relationships. Actual results may differ materially from those projected due to various risks and uncertainties. SCWorx undertakes no obligation to update forward-looking statements except as required by law.

Investor Contact:
SCWorx Corp.
Email: ir@scworx.com
Phone: (844) 472-9679

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SCWorx (WORX) announce on March 4, 2026 about a new customer?

SCWorx announced a new SaaS and data management agreement supporting a Southeastern healthcare provider’s Workday platform. According to the company, the engagement covers data normalization, master data governance, legacy migration support, and ongoing data integrity monitoring via its SaaS data platform.

How large is the healthcare customer SCWorx signed with on March 4, 2026 (WORX)?

The customer is an integrated delivery network with over 700 beds across multiple acute care hospitals and outpatient facilities. According to the company, the IDN serves regional communities and will use SCWorx to support its Workday ERP environment.

What services will SCWorx provide to the health system under the WORX agreement?

SCWorx will deliver cloud-based data management, master data governance, data normalization, legacy system migration support, and ongoing integrity monitoring. According to the company, these services aim to enable cleaner conversions and improved reporting accuracy for the Workday implementation.

What does the new customer win mean for SCWorx (WORX) strategically?

The engagement expands SCWorx’s footprint in the healthcare provider market and supports recurring SaaS revenue growth. According to the company, the deal reinforces its strategic focus on enterprise data management solutions aligned with major cloud platforms like Workday.

Where can investors find more information about SCWorx’s healthcare data management solutions (WORX)?

Investors can learn more via the company’s official website and investor materials. According to the company, additional details about products and services are available at the SCWorx website for those interested in its Workday-aligned data management offerings.