Syra Health Continues to Secure Healthcare Training Contracts
Syra Health (NASDAQ: SYRA) has secured a new $135,000, six-month contract with a Midwest university to develop behavioral health virtual training modules. The company will create up to 60-minute interactive modules focused on prevention, working alongside university committees and subject matter experts.
Additionally, Syra Health has begun implementing training for healthcare professionals in home and community-based settings through its contract with Indiana's Division of Disability and Rehabilitative Services. The combined value of these training agreements reaches $4.9 million over four years, with both contracts including two optional one-year renewals.
Syra Health (NASDAQ: SYRA) ha ottenuto un nuovo contratto di $135.000 della durata di sei mesi con un'università del Midwest per sviluppare moduli di formazione virtuale sulla salute comportamentale. L'azienda creerà moduli interattivi della durata massima di 60 minuti, focalizzati sulla prevenzione, collaborando con i comitati universitari e esperti del settore.
Inoltre, Syra Health ha iniziato a implementare la formazione per i professionisti della salute in contesti domestici e comunitari attraverso il suo contratto con la Divisione per la Disabilità e i Servizi Riabilitativi dell'Indiana. Il valore complessivo di questi accordi di formazione raggiunge $4,9 milioni in quattro anni, con entrambi i contratti che includono due rinnovi opzionali di un anno.
Syra Health (NASDAQ: SYRA) ha conseguido un nuevo contrato de $135,000 por seis meses con una universidad del Medio Oeste para desarrollar módulos de capacitación virtual en salud conductual. La empresa creará módulos interactivos de hasta 60 minutos enfocados en la prevención, trabajando junto a comités universitarios y expertos en la materia.
Además, Syra Health ha comenzado a implementar capacitación para profesionales de la salud en entornos domiciliarios y comunitarios a través de su contrato con la División de Servicios para la Discapacidad y Rehabilitación de Indiana. El valor combinado de estos acuerdos de capacitación alcanza $4.9 millones durante cuatro años, con ambos contratos que incluyen dos renovaciones opcionales de un año.
Syra Health (NASDAQ: SYRA)는 중서부 대학과의 새로운 계약으로 135,000달러의 금액을 확보하였으며, 이는 행동 건강 가상 교육 모듈을 개발하기 위한 것입니다. 이 회사는 예방에 중점을 둔 최대 60분 길이의 인터랙티브 모듈을 제작하며, 대학 위원회 및 주제 전문가와 협력할 것입니다.
또한, Syra Health는 인디애나의 장애 및 재활 서비스 부서와의 계약을 통해 가정 및 지역사회 기반 환경에서 의료 전문인력을 위한 교육을 시작했습니다. 이 교육 계약의 총 가치는 4년 동안 $4.9백만에 달하며, 두 계약 모두 1년 연장 옵션을 두 개 포함하고 있습니다.
Syra Health (NASDAQ: SYRA) a obtenu un nouveau contrat de 135 000 $ d'une durée de six mois avec une université du Midwest pour développer des modules de formation virtuelle en santé comportementale. L'entreprise créera des modules interactifs d'une durée maximale de 60 minutes axés sur la prévention, en collaboration avec des comités universitaires et des experts en la matière.
De plus, Syra Health a commencé à mettre en œuvre des formations pour les professionnels de la santé dans des environnements à domicile et communautaires grâce à son contrat avec la Division des services aux personnes handicapées et de réhabilitation de l'Indiana. La valeur totale de ces accords de formation s'élève à 4,9 millions de dollars sur quatre ans, les deux contrats incluant deux renouvellements optionnels d'un an.
Syra Health (NASDAQ: SYRA) hat einen neuen Vertrag über 135.000 USD mit einer Universität im Mittleren Westen für die Entwicklung von virtuellen Trainingsmodulen zur Verhaltensgesundheit gesichert. Das Unternehmen wird interaktive Module von bis zu 60 Minuten Länge erstellen, die sich auf Prävention konzentrieren und dabei mit Universitätskomitees und Fachleuten zusammenarbeiten.
Darüber hinaus hat Syra Health mit der Umsetzung von Schulungen für Gesundheitsfachkräfte in häuslichen und gemeinschaftsbasierten Umgebungen im Rahmen seines Vertrags mit der Abteilung für Behinderung und Rehabilitationsdienste von Indiana begonnen. Der Gesamtwert dieser Schulungsverträge beträgt 4,9 Millionen USD über vier Jahre, wobei beide Verträge zwei optionale einjährige Verlängerungen enthalten.
- New $135,000 contract secured with Midwest university
- Combined training agreements valued at $4.9 million over 4 years
- Both contracts include potential extensions through two one-year renewals
- Implementation phase begun for Indiana FSSA contract
- None.
Insights
The latest contract developments for Syra Health reveal a strategic focus on building a stable revenue foundation through institutional partnerships. The
The company's expansion into prevention-focused behavioral health training is particularly noteworthy given the increasing emphasis on mental health awareness and prevention in healthcare systems. This positions Syra Health at the intersection of two growing markets: digital health education and behavioral health services. The development of virtual training modules demonstrates their ability to scale solutions efficiently, as digital content can be deployed across multiple institutions with minimal marginal costs.
The implementation phase of the Indiana FSSA contract signals execution capability, which is important for securing future governmental and institutional contracts. The focus on evidence-based training and collaboration with subject matter experts suggests a quality-driven approach that could differentiate Syra Health in the competitive healthcare education market.
However, investors should note that these contracts, while promising for future growth, represent a relatively small immediate revenue impact given the company's
Syra Health will collaborate with the university, its advisory committees, and subject matter experts to develop and implement the behavioral health training modules. The content will equip professionals with the skills necessary to address behavioral health challenges, supporting various university programs and initiatives. Each module will feature up to 60 minutes of interactive, accessible, and inclusive content.
The company has also started the implementation phase of training for healthcare professionals in home and community-based settings, following its previously announced selection to negotiate a contract with the Division of Disability and Rehabilitative Services of the Indiana Family and Social Services Administration.
"Investing in training is investing in the people who are essential to the future of healthcare," said Dr. Deepika Vuppalanchi, CEO of Syra Health. "By delivering evidence-based training, we are empowering healthcare professionals to create meaningful change."
The total ceiling value of the combined training agreements is
ABOUT SYRA HEALTH
Syra Health is a healthcare technology company powering better health in critical areas such as mental health, population health, and the healthcare workforce. The company's leading-edge technology 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, 2023, 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.
Contact
For Investor or Media Inquiries
Christine Drury
IR/PR
Syra Health
463-345-5180
christined@syrahealth.com
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