Syra Health (NASDAQ: SYRA) Wins $650,000 Healthcare Quality Improvement Contract

The healthcare technology company that strives to improve healthcare has inked a one-year, $660,000 contract with a prominent national healthcare organization. 

Syra Health's SYRA new deal to collect data and acquire information related to  Healthcare Effectiveness Data and Information Set (HEDIS®) will further the Carmel, Indiana-based company's goal of providing innovative services and technology solutions in the healthcare sector.  

Developed and maintained by the National Committee for Quality Assurance (NCQA), HEDIS is a standardized population health management tool that employers can use to understand employee health and measure the quality of care their population receives. HEDIS plays a critical role in healthcare quality measurement and improvement initiatives as the most widely used performance improvement tool in healthcare. 

As per the agreement, Syra Health will provide HEDIS outreach and support services essential for fostering positive health outcomes and reducing costs. 

Syra Health, whose products and services are centered on prevention, improved access and affordable care, will leverage its team of population health experts to collect data and acquire information from the Indiana population, including Medicaid members, hospitals and physicians. 

“The need for robust data and analytics by healthcare decision-makers is continuing to expand," said Dr. Deepika Vuppalanchi, CEO, Syra Health. "We are proud that we are being recognized for our strong team of health experts." 

"We remain steadfast in pursuing and securing important contracts for our services and products," added Sandeep Allam, Executive Chairman and President, Syra Health. "Our contract pipeline is growing, and we look forward to sharing more contracts as they are fully executed."

Featured photo by Matheus Ferrero on Unsplash.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.