SCWorx Expands Healthcare Data Management Network with New Collaboration

Rhea-AI Summary

SCWorx Corp. (Nasdaq: WORX) has announced a new strategic collaboration with a major healthcare supply chain partner to enhance its SaaS data management program. The unnamed partner specializes in healthcare supply chain consulting and has a nationwide presence across all 50 states.

The partnership will leverage SCWorx's Foundation product for data cleanse, normalization, and enrichment services. The collaboration aims to help hospitals optimize their procurement spend and unlock cost savings through strategic purchasing and cooperative buying initiatives.

Positive

• Partnership with established healthcare supply chain consultant covering all 50 states
• Expansion of SCWorx's data management service network in healthcare sector
• Validation of SCWorx's data management capabilities by major industry player

Negative

• None.

Tampa, FL, Aug. 26, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) today announced a new agreement with a leading healthcare supply chain partner, further strengthening its SaaS data management program. 

The partner is a recognized leader in healthcare supply chain consulting, with deep experience helping hospitals unlock cost savings and optimize spend management.  The partner also has access to best-in-class products and services at the local, regional, and national levels for virtually every product or service to help hospitals optimize their direct and indirect procurement spend categories.

“This partner drives measurable savings by vetting vendors, analyzing contracts, and leveraging billions in spend through strategic purchasing. They have purchasing partners in all 50 states and are growing every day. All of this helps the partner anticipate, identify, and proactively deliver cost-saving opportunities through cooperative purchasing on an ongoing basis,” said Tim Hannibal, SCWorx CEO. Hannibal added, “The SCWorx Foundation product will help this partner enhance their product line and provide additional value to their healthcare customer. This partner chose SCWorx for its data cleanse, normalization and enrichment service offerings. SCWorx is a valuable data management service partner specifically built to help hospitals in the U.S. better utilize data. This partnership reinforces the unique value SCWorx delivers to hospitals nationwide.”

About SCWorx

SCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers. SCWorx delivers value through the full integration of its solutions modules with a robust data platform, ensuring accuracy, cost savings, operational efficiency, and reliable benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management, request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements.
 
Forward-Looking Statements

This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements.  As a result of many factors, including, without limitation, economic disruptions affecting our customers, unexpected contract terminations, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may also be affected by other known and unknown risks, trends, uncertainties and factors, many of which are beyond the company’s ability to control or predict. SCWorx undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contacts:

ir@scworx.com

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Source: SCWorx Corp.

FAQ

What is the new partnership announced by SCWorx (WORX)?

SCWorx announced a collaboration with a leading healthcare supply chain consulting partner to enhance its SaaS data management program, focusing on data cleanse, normalization, and enrichment services.

How will the new partnership benefit SCWorx (WORX) customers?

The partnership will help hospitals optimize procurement spend, unlock cost savings through strategic purchasing, and improve data management capabilities across direct and indirect spend categories.

What is SCWorx's (WORX) Foundation product?

SCWorx's Foundation product provides data cleanse, normalization, and enrichment services specifically designed to help hospitals better utilize their data.

What is the geographic reach of SCWorx's (WORX) new supply chain partner?

The partner has purchasing relationships in all 50 states of the United States and continues to expand its presence.

How does SCWorx (WORX) help healthcare organizations?

SCWorx provides specialized data management services that help hospitals cleanse, normalize, and enrich their data to better utilize information and optimize supply chain operations.