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

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.

Key Figures

Health system size: over 700 beds

1 metrics

Health system size over 700 beds Integrated delivery network supported by new SaaS agreement

Market Reality Check

Price: $0.1785 Vol: Volume 6,875,117 is below...

low vol

$0.1785 Last Close

Volume Volume 6,875,117 is below the 20-day average of 18,374,077 (relative volume 0.37). low

Technical Shares at 0.1785 are trading below the 200-day MA of 0.32 and 86.97% under the 52-week high.

Peers on Argus

WORX is down 45.08% with sector peers HCTI and VSEE also down (-12.07%, -3.73%),...

1 Up 2 Down

WORX is down 45.08% with sector peers HCTI and VSEE also down (-12.07%, -3.73%), while BEAT is up 15.31%, indicating broader but mixed sector pressure.

Historical Context

4 past events · Latest: Dec 17 (Positive)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Dec 17	New hospital customer	Positive	-1.0%	Signed Midwest academic hospital of ~500 beds for data services.
Dec 15	Platform partnership	Positive	+7.5%	New partner agreement expanding healthcare data management network.
Oct 14	Nasdaq extension	Positive	+8.5%	Granted 180-day extension to regain $1.00 minimum bid price.
Oct 06	Contract renewal	Positive	-0.5%	Three-year renewal with 113% contract value increase to ~$1.69M.

Pattern Detected

Mixed reactions: partnership and compliance news have seen positive moves, while customer and contract wins have sometimes coincided with mild declines.

Recent Company History

Over the past several months, SCWorx announced multiple commercial and capital markets milestones. A renewed three-year agreement worth about $1,692,000 over three years and a new academic hospital customer expanded its healthcare footprint. The company also secured a Nasdaq bid-price extension to April 6, 2026. Price reactions were mixed, with both positive and negative moves following operational wins. Today’s new Workday-related SaaS customer continues the theme of healthcare data management growth.

Market Pulse Summary

This announcement highlights another healthcare provider win for SCWorx, supporting a Workday ERP im...

Analysis

This announcement highlights another healthcare provider win for SCWorx, supporting a Workday ERP implementation across an integrated delivery network of over 700 beds. It extends a recent string of hospital and partner agreements in the healthcare data management space. At the same time, SEC filings describe ongoing losses, going-concern language, and prior financing-related dilution. Monitoring execution on SaaS contracts, revenue trends, and future capital-raising disclosures remains important.

Key Terms

saas, enterprise resource planning

2 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.

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. Not financial advice.

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

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.