CARMEL,
Ind., July 24, 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 that it has been awarded a $5.8 million contract to train professionals who
deliver health care to Indiana
residents at home or in a community-based setting under the purview
of the Indiana Family and Social Services Administration (FSSA).
Syra Health has been selected to begin negotiating the contract
which runs for four years with two additional one-year renewal
options.
Syra Health will deliver curriculum development, competency
assessments, a sophisticated learning management system (LMS), a
comprehensive training registry, and a dynamic quality improvement
plan, all to fulfill FSSA's vision of "ensuring all home and
community support professionals serving any population under a home
and community-based settings waiver have the same competencies and
training."
"We are proud to have been selected to implement statewide home
and community support professionals training, as part of this
important program administered by FSSA," said Dr. Deepika Vuppalanchi, CEO, Syra Health. "In recent months we have seen a
surge in demand for our off-the-shelf training services and we look
forward to providing additional health training services across the
country."
Guided by several gold-standard learning models, Syra
Health's curriculum development team will utilize over 200 years of
experience to formulate module-specific learning objectives and
interactive activities across the foundational, fundamentals,
medication administration, and micro-credentials curricula. These
curricula, aligned with State-defined core competencies, seamlessly
integrate health equity and cultural competency principles to
ensure effective and comprehensive learning by home and community
support professionals of all backgrounds.
Syra Health's robust training registry will track the
utilization of the training materials and will be integrated into
the LMS to give a snapshot of the workforce capacity and competency
at any given moment in time.
Effective monitoring and reporting will also be a critical
aspect of this project. Syra Health will be providing comprehensive
reports to FSSA at a regular cadence and modifying the process to
meet any evolving monitoring or reporting needs.
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 Media Inquiries:
Christine Drury
Communications and Marketing Director
Syra Health
463-345-5180
christined@syrahealth.com
For Investor Inquiries:
Ben
Shamsian
Vice President
Lytham Partners, LLC
646-829-9701
shamsian@lythampartners.com
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SOURCE Syra Health