3.7300 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||3.9900 x 800|
|Ask||4.0000 x 1200|
|Day's Range||3.7300 - 4.0700|
|52 Week Range||1.9000 - 11.3900|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SCWorx Corp. (WORX) announced the signing of a new agreement with a not-for-profit multi-system Integrated Delivery Network (IDN) with over $6.5 billion in annual revenue. “This is another significant win for the SCWorx team,” said Marc Schessel, CEO of SCWorx. This healthcare provider is embarking on a long and challenging process of replacing their enterprise resource planning system with a vision of driving interoperative information that they believe will be transformational.
SCWorx, Inc. (WORX) today announced it will host a corporate update conference call on Thursday, August 22, 2019 at 4:30 PM ET. During the call management will discuss recent developments, corporate milestones and growth strategy. SCWorx has created it’s Ultraverse Platform, an enriched and Virtualized Item Data Warehouse that links product information, government regulated coding, clinical categorization and financial attributes.
SCWorx Corp. (WORX) announced today the successful deployment of its newly branded Ultraverse Platform™, which incorporates collaborative input from several of the largest hospital networks in the United States. The company believes the Ultraverse Platform will transform the way hospitals manage their business practices, which, in turn, will improve the quality and efficiency of patient care. “Hospitals manage their business through a combination of disparate systems that include purchasing, Electronic Medical Record and financial applications, all of which allow hospitals to efficiently bill for their services and record the payments made assuming systems are coordinated.
Concurrently, the company announced the imminent launch of its proprietary “closed loop” applications with the introduction of its initial product ScanWorx, designed to significantly reduce the manual labor involved in documenting cases in hospital procedural areas, while simultaneously providing accurate information for use in patient billing systems. The product has been in beta testing for several months and the company anticipates an early third quarter of 2019 launch. The solution modules include Virtual Item Master, Contract Management and RFP Module, Automated Rebate Management Module, Data Interoperability (EMR, MMIS, Finance) Module, Automated Item Add Portal, Virtual General Ledger (GL), and the Data Analytics module.
SCWorx Corp (WORX) announced today that the company has hired veteran healthcare leader and innovator, Tad Schweikert, as Chief Operating Officer responsible for leading the company’s continued growth and scaling its operations. Mr. Schweikert is reporting to SCWorx Chairman & Chief Executive Officer Marc Schessel. Schweikert, who brings over 28 years of healthcare industry experience, will be responsible for the strategic growth of the SCWorx customer base and revenue.
SCWorx Corp (WORX) a leading provider of foundational data management solutions for the healthcare industry, announced today that in January 2019 it signed a new five year agreement with a large healthcare company. The agreement has two components, the first, a services contract, is valued at $900,000 per year for annual license fees, consisting of data management services and an analytics suite of application solutions, and includes $100,000 for initial implementation for year one. The second component is a distribution arrangement under which this large health care company may distribute the Company’s data management solutions to the more than 2,000 hospitals with which it has existing business relationships.
SCWorx Corp (WORX), the leading data management platform in the healthcare industry, announced today the signing of a renewal agreement with a treatment and academic medical center located in the northeast. The renewal is for a 3-year term commitment and the total service value is $648,000 for this healthcare provider.
SCWorx Corp. (WORX), a leading data management platform in the healthcare industry, announced today the signing of a new agreement with a highly respected single stand-alone academic health system located in the northeast. Initially, SCWorx is licensing this healthcare provider its suite of automated data management solutions and expects the relationship to expand over the next twelve (12) to eighteen (18) months to include its full complement of closed-loop margin-improvement solutions and indexing analytics. “We continue to experience broad adoption of our proprietary content delivery platform that enables hospitals to better manage all aspects of their business via real-time synchronization and data repair of the hospital’s core enterprise-wide management systems.
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SCWorx Corp (WORX) today announced the signing of a renewal agreement with an existing Midwestern State University. This is the second contract renewal totaling $427,000 with this highly respected healthcare provider. The university is utilizing SCWorx’s data normalization and analytics suite of application solutions.
SCWorx Corp - today announced the signing of a $1,625,000 software service contract with a highly respected Integrated Delivery Network servicing hospitals on the West Coast.
SCWorx Corp (WORX) today announced the signing of a new agreement with a 448 bed New York-based single standing university medical center. The $649,000 agreement to provide data management services is initially for a three-year term with annual extensions upon mutual written agreement of the parties. Marc Schessel, CEO of SCWorx commented: “This award is especially gratifying to us at SCWorx as this medical center had only limited funds to use to enhance its business system infrastructure and has significant goals in terms of margin improvement – as such the medical center performed one of the most in-depth due diligence that we have ever experienced.
SCWorx Corp (WORX) today announced the signing of a $1,800,000 service contract with a highly respected northern New Jersey hospital. Initially, under a 5-year fixed-term agreement, SCWorx is licensing the hospital its data governance and analytics suite of application solutions as the foundation of what will become a robust array of services providing full transparency into the major cost drivers across the enterprise. Marc Schessel, founder and CEO of SCWorx said, “We are delighted to have one of the most advanced university medical centers choose our platform to help facilitate and drive normalized data throughout their enterprise systems.
SCWorx Corp. (WORX), a company that offers a SAAS based suite of data management and benchmark analytics solutions for Healthcare Providers, has expanded its relationship with an innovative University Medical Center located in northern New England by extending the term of its current agreement, which initially was 2 years, to a total of 5 years, and adding $375,000 in new services. The expanded services now cover the creation of an enterprise wide data governance program, full maintenance and automation of the multi-hospital system’s Item Master which is a custom list of all things purchased by the University, assistance in the implementation of a new EMR (EPIC) which is the Electronic Medical Record that is used primarily in the documentation of all procedures performed at the University and expansion of attributes so that the institution can finally link purchases to utilization to payments.
SCWorx Corp. (WORX) announced today that it is releasing a new series of engineer driven ad-hoc reports focused on delivering increased content to its already robust report delivery capabilities. “This new environment will allow our customers greater access to reporting by providing simple point and click functions that will empower even the most casual end-user the ability to create finished reports on-demand” said Marc Schessel CEO of SCWorx. “Currently, at most hospitals, administrators cannot confidently determine the cost of labor or supplies for any given procedure and they cannot apply a reasonable overhead rate for procedures based on the utilization of equipment and real estate.
SCWorx Corp. (f/k/a Alliance MMA, Inc.) (WORX) announced today it was contracted by a prominent New England based acute care specialty hospital to provide its data governance and analytics suite of application solutions. Of greater significance, the Hospital Group has agreed to become a Member of a larger group of prominent Healthcare Providers (representing in aggregate more than 150 Hospital based Providers) that are dedicated and energized to develop a first of its kind industry catalog of all things used in the service of patient delivery and hospital operations.
In another example of why learning to expect the unexpected is among the most valuable lesson a day trader should remember, I’m coming off a period where I saw two days of more that $18k in profits. Because of the good start and my optimism for the rest of the month, I want to focus on two themes I think extend throughout day trading: continuity and follow-through. The word continuity is derived from “continuous” and is used to suggest an unbroken, interrelated series of events or characteristics linking two points in time.
Todd Keating, Network Chief Financial Officer of The University of Vermont Health Network, commented, “For longer than I can remember, hospitals have been islands unto themselves, relying on outside parties to compare, contrast and baseline our services. This new expanded database will allow my colleagues and I to have substantive conversations, compare our processes and learn from each other with the goal of normalizing the business processes to effect lower costs, not just within our system, but throughout the healthcare ecosystem. Charlie Miceli, Network Vice President & Chief Supply Chain Officer of The University of Vermont Health Network, added, “For years we have been looking for a single application that will be able to synchronize the various databases we use to collect critical business information necessary to optimize our purchasing, identify physician practice deviations and efficiently process ordering and billing transactions.
SCWorx, Corp. (f/k/a Alliance MMA, Inc.) (WORX) announced the Company successfully completed the acquisition of SCWorx Corp. on February 1, 2019. Additionally, the Company completed its initial listing on the Nasdaq and begins trading under the symbol WORX on February 4, 2019. As a result, the Company has over $5.0 million of cash to fund its growth strategy.