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Syra Health is Awarded New Healthcare Workforce Contracts Across Multiple States

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Syra Health Corp. (NASDAQ: SYRA) has been awarded three new healthcare workforce contracts across multiple states. In Florida, Syra Health will supply psychologists and school counselors to the St. John's County School District. In Kansas, the company will provide temporary nursing personnel, including registered nurses, licensed practical nurses, certified nurse aides, certified medication aides, and nurse practitioners. In Delaware, Syra Health will provide licensed dieticians for the Delaware Veterans Home.

These contracts showcase Syra Health's expertise in delivering tailored healthcare solutions and addressing workforce shortages. The value of these contracts is currently under negotiation and will depend on the number of positions filled and the duration of services. Syra Health's Healthcare Workforce business unit aims to improve patient care and health outcomes by filling gaps left by workforce shortages.

Syra Health Corp. (NASDAQ: SYRA) ha ottenuto tre nuovi contratti per la forza lavoro nel settore sanitario in diversi stati. In Florida, Syra Health fornirà psicologi e consulenti scolastici al Distretto Scolastico della Contea di St. John's. In Kansas, l'azienda fornirà personale infermieristico temporaneo, inclusi infermieri registrati, infermieri pratica autorizzati, assistenti infermieri certificati, assistenti alla somministrazione di farmaci certificati e infermieri professionisti. In Delaware, Syra Health fornirà dietisti autorizzati per la Delaware Veterans Home.

Questi contratti evidenziano l'expertise di Syra Health nell'offrire soluzioni sanitarie su misura e nel risolvere le carenze di personale. Il valore di questi contratti è attualmente in fase di negoziazione e dipenderà dal numero di posizioni occupate e dalla durata dei servizi. L'unità di business Healthcare Workforce di Syra Health mira a migliorare la cura dei pazienti e gli esiti sanitari colmando le lacune lasciate dalle carenze di personale.

Syra Health Corp. (NASDAQ: SYRA) ha recibido tres nuevos contratos para la fuerza laboral de salud en varios estados. En Florida, Syra Health proporcionará psicólogos y consejeros escolares al Distrito Escolar del Condado de St. John's. En Kansas, la empresa suministrará personal de enfermería temporal, incluidos enfermeros registrados, enfermeros prácticos licenciados, asistentes de enfermería certificados, asistentes de medicación certificados y enfermeros practicantes. En Delaware, Syra Health proporcionará dietistas licenciados para el Hogar de Veteranos de Delaware.

Estos contratos demuestran la experiencia de Syra Health en la entrega de soluciones sanitarias a medida y la atención de las carencias de personal. El valor de estos contratos está actualmente en negociación y dependerá del número de posiciones ocupadas y de la duración de los servicios. La unidad de negocio de Fuerza Laboral de Salud de Syra Health tiene como objetivo mejorar la atención al paciente y los resultados de salud colmando las brechas dejadas por la escasez de personal.

Syra Health Corp. (NASDAQ: SYRA)는 여러 주에서 새로운 의료 인력 계약 세 건을 체결했습니다. 플로리다에서 Syra Health는 St. John's 카운티 교육구에 심리학자 및 학교 상담사를 제공할 것입니다. 캔자스에서는 회사가 등록 간호사, 면허가 있는 간호사, 인증된 간호 보조원, 인증된 약물 보조원 및 간호 전문의 등 임시 간호 인력을 제공할 것입니다. 델라웨어에서 Syra Health는 델라웨어 재향 군인 홈을 위해 면허가 있는 영양사들을 제공할 것입니다.

이 계약들은 맞춤형 의료 솔루션을 제공하고 인력 부족 문제를 해결하는 데 있어 Syra Health의 전문성을 보여줍니다. 이 계약의 가치는 현재 협상 중이며, 채워진 직책의 수와 서비스 기간에 따라 달라질 것입니다. Syra Health의 의료 인력 사업 부서는 인력 부족으로 인한 공백을 메우고 환자 치료 및 건강 결과를 개선하는 것을 목표로 하고 있습니다.

Syra Health Corp. (NASDAQ: SYRA) a remporté trois nouveaux contrats de main-d'œuvre dans le secteur de la santé dans plusieurs États. En Floride, Syra Health fournira des psychologues et des conseillers scolaires au district scolaire du comté de St. John's. Au Kansas, l'entreprise fournira du personnel infirmier temporaire, y compris des infirmiers diplômés, des infirmiers auxiliaires, des aides-soignants certifiés, des aides à la médication certifiées et des infirmiers praticiens. Au Delaware, Syra Health fournira des diététiciens agréés pour la maison des anciens combattants du Delaware.

Ces contrats mettent en avant l'expertise de Syra Health dans la fourniture de solutions de santé sur mesure et dans la réponse aux pénuries de personnel. La valeur de ces contrats est actuellement en négociation et dépendra du nombre de postes pourvus et de la durée des services. L'unité commerciale de la main-d'œuvre dans le secteur de la santé de Syra Health vise à améliorer les soins aux patients et les résultats de santé en comblant les lacunes laissées par les pénuries de personnel.

Syra Health Corp. (NASDAQ: SYRA) hat drei neue Verträge für das Gesundheitswesen in mehreren Bundesstaaten erhalten. In Florida wird Syra Health Psychologen und Schulberater für den Schulbezirk St. John's County bereitstellen. In Kansas wird das Unternehmen vorübergehendes Pflegepersonal bereitstellen, einschließlich registrierter Krankenschwestern, lizenzierter praktischer Krankenschwestern, zertifizierter Pflegehelfer, zertifizierter Medikamentenhelfer und Pflegekräfte. In Delaware wird Syra Health lizenzierte Ernährungsberater für das Delaware Veterans Home bereitstellen.

Diese Verträge zeigen die Expertise von Syra Health in der Bereitstellung maßgeschneiderter Gesundheitslösungen und der Bekämpfung von Personalengpässen. Der Wert dieser Verträge wird derzeit verhandelt und hängt von der Anzahl der besetzten Stellen und der Dauer der Dienstleistungen ab. Die Geschäftseinheit Healthcare Workforce von Syra Health hat das Ziel, die Patientenversorgung und die gesundheitlichen Ergebnisse zu verbessern, indem sie die durch Personalengpässe entstandenen Lücken schließt.

Positive
  • Secured three new healthcare workforce contracts in Florida, Kansas, and Delaware
  • Expanding presence in mental health services for educational settings
  • Addressing healthcare workforce shortages in multiple states
  • Diversifying service offerings across different healthcare specialties
Negative
  • Contract values are still under negotiation
  • Actual revenue depends on the number of positions filled and service duration

Insights

These new contracts showcase Syra Health's strategic expansion in the healthcare staffing sector, addressing critical workforce shortages across multiple states. The diversity of roles—from psychologists and school counselors to various nursing positions and dieticians—demonstrates the company's versatility and ability to meet specific regional healthcare needs.

While the financial impact is yet to be determined, as contract values are still under negotiation, these wins are likely to contribute positively to Syra Health's revenue stream. The company's focus on mental health in schools, nursing support and veteran care aligns well with current healthcare priorities and could lead to long-term partnerships and recurring revenue.

Investors should note that Syra Health's ability to secure contracts across different states indicates growing market recognition and could lead to further expansion opportunities. However, the success will ultimately depend on Syra's ability to fulfill these contracts effectively and maintain high-quality service delivery.

Syra Health's latest contract wins reflect a strategic positioning within the healthcare staffing market, which is experiencing significant growth due to widespread workforce shortages. The company's focus on diverse healthcare roles across multiple states suggests a scalable business model with potential for geographic and service expansion.

The contracts in Florida, Kansas and Delaware not only diversify Syra's revenue streams but also reduce dependency on any single market or client. This approach could lead to more stable and predictable revenue growth, which is typically valued by investors.

While the immediate financial impact is not quantified, these contracts lay the groundwork for potential long-term value creation. Investors should monitor Syra's ability to convert these opportunities into substantial revenue and profit growth, as well as its capacity to manage the operational challenges of rapid expansion across multiple states.

CARMEL, Ind., Oct. 9, 2024 /PRNewswire/ -- Syra Health Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a healthcare technology company powering better health by providing meaningful solutions, announced today more details about the award of three new healthcare workforce contracts: one in Florida, one in Kansas, and one in Delaware.

In Florida, Syra Health has been awarded a contract to supply psychologists and school counselors to the St. John's County School District in St. Augustine. This effort underscores Syra's commitment to fostering mental health and well-being in educational settings.

In Kansas, Syra Health has successfully secured a new contract to provide temporary nursing personnel—including registered nurses, licensed practical nurses, certified nurse aides, certified medication aides, and nurse practitioners—across the state. This effort is crucial in addressing the ongoing challenges of healthcare workforce shortages and burnout.

In Delaware, Syra Health will be providing licensed dieticians to ensure residents at the Delaware Veterans Home receive essential nutritional support, honoring their service and enhancing their health.

These new contracts highlight Syra Health's expertise in delivering tailored healthcare solutions. "This progress not only reflects our commitment to excellence in healthcare delivery but also demonstrates our ability to adapt and respond to the diverse needs of communities across the nation," said Dr. Deepika Vuppalanchi, CEO, Syra Health.

Syra Health's Healthcare Workforce business unit is dedicated to addressing the unique staffing challenges in healthcare. By providing qualified and licensed professionals, Syra aims to fill the gaps left by workforce shortages, ultimately improving patient care and health outcomes.

The value of these contracts, currently under negotiation, will depend on the number of positions filled and the duration of their services.

ABOUT SYRA HEALTH

Syra Health is a healthcare technology company powering better health in challenging areas such as behavioral and mental health, digital health, and population health, by providing innovative services and technology products. Syra Health's offerings are centered on prevention, improved access, and affordable care. Syra Health supplies its solutions to payers, providers, life sciences organizations, academic institutions, and the government. 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.

Contacts

For Investor or Media Inquiries:

Christine Drury
IR/PR Director
Syra Health
463-345-5180
christined@syrahealth.com

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SOURCE Syra Health

FAQ

What new contracts has Syra Health (SYRA) been awarded recently?

Syra Health (SYRA) has been awarded three new healthcare workforce contracts: one in Florida to supply psychologists and school counselors, one in Kansas to provide temporary nursing personnel, and one in Delaware to provide licensed dieticians for a veterans home.

What types of healthcare professionals will Syra Health (SYRA) provide in Kansas?

In Kansas, Syra Health (SYRA) will provide temporary nursing personnel, including registered nurses, licensed practical nurses, certified nurse aides, certified medication aides, and nurse practitioners.

How does Syra Health (SYRA) plan to address healthcare workforce shortages?

Syra Health (SYRA) aims to address healthcare workforce shortages through its Healthcare Workforce business unit, which provides qualified and licensed professionals to fill gaps in various healthcare settings, ultimately improving patient care and health outcomes.

What is the value of the new contracts awarded to Syra Health (SYRA)?

The value of the new contracts awarded to Syra Health (SYRA) is currently under negotiation and will depend on the number of positions filled and the duration of their services.

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