SCWorx announces a new agreement to enhance data management for a community healthcare system across several states.
Quiver AI Summary
SCWorx Corp. has announced a new agreement with a community-owned healthcare system in the southwestern United States to enhance its healthcare supply chain data management services. The partnership aims to improve the accuracy, completeness, and usability of the healthcare system's product data. CEO Tim Hannibal stated that this addition to their customer base highlights the critical nature of accurate data for efficient healthcare operations. SCWorx's solutions focus on addressing data issues within healthcare organizations, providing enriched product attributes and standardized information for various operational needs. This agreement aligns with SCWorx's strategy to expand recurring revenue and support healthcare organizations in achieving better data quality and usability.
Potential Positives
- SCWorx has secured a new agreement with a community-owned healthcare system, expanding its customer base and presence in key states.
- The partnership aims to enhance the accuracy and usability of healthcare product data, which is crucial for supply chain efficiency and clinical workflows.
- This agreement supports SCWorx's strategy of increasing recurring revenue through new relationships with healthcare organizations.
- The announcement underscores the growing recognition among healthcare providers of the importance of enriched and standardized product data.
Potential Negatives
- None
FAQ
What is SCWorx Corp.?
SCWorx Corp. is a provider of healthcare supply chain data management solutions, helping organizations improve the accuracy of healthcare product data.
Which states does the new healthcare customer serve?
The new customer serves the states of New Mexico, Arizona, Colorado, and Utah.
What services will SCWorx provide to the healthcare system?
SCWorx will provide healthcare supply chain data management services to improve data accuracy, completeness, and usability.
Why is accurate product data important in healthcare?
Accurate product data is essential for efficient supply chain operations, financial processes, and clinical workflows in healthcare settings.
How does SCWorx enhance healthcare data?
SCWorx enhances healthcare data by cleansing, normalizing, enriching, and maintaining supply chain data across enterprise applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WORX Hedge Fund Activity
We have seen 0 institutional investors add shares of $WORX stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANE STREET GROUP, LLC removed 105,575 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $36,951
- GEODE CAPITAL MANAGEMENT, LLC removed 22,460 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $7,860
- UBS GROUP AG removed 9,088 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,180
- CITIGROUP INC removed 768 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $268
- WELLS FARGO & COMPANY/MN removed 177 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $61
- TOWER RESEARCH CAPITAL LLC (TRC) removed 169 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $59
- XTX TOPCO LTD removed 89 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $31
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
New Customer Expands SCWorx’s Healthcare Data Management Footprint
MIDDLETON, MA, Oct. 19, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (“SCWorx” or the “Company”), a provider of healthcare supply chain data management solutions, today announced that it has entered into a new agreement with an independent, community-owned healthcare system serving the New Mexico, Arizona, Colorado and Utah.
Under the agreement, SCWorx will provide its healthcare supply chain data management services to support the health system’s efforts to improve the accuracy, completeness and usability of its healthcare product data.
“We are pleased to add another healthcare provider to the SCWorx customer base,” said Tim Hannibal, President and Chief Executive Officer of SCWorx. “Healthcare organizations increasingly recognize that accurate and enriched product data is foundational to efficient supply chain operations, financial processes and clinical workflows. We believe this new relationship further demonstrates the value of our solutions and our ability to help healthcare organizations improve the quality and usability of their enterprise data.”
SCWorx combines healthcare-specific technology, proprietary data enrichment processes and domain expertise to help hospitals address incomplete, inconsistent and inaccurate item master data. The Company’s solutions provide enriched product attributes and standardized information that can be used across supply chain, finance, clinical and enterprise resource planning applications.
The new agreement expands SCWorx’s healthcare provider customer base and supports the Company’s strategy of growing recurring revenue through new customer relationships while helping healthcare organizations establish more accurate, standardized and actionable supply chain data.
About SCWorx
SCWorx Corp. provides healthcare data management solutions designed to improve the accuracy and utility of information used throughout healthcare organizations. SCWorx’s technology and services help healthcare providers cleanse, normalize, enrich and maintain supply chain data used across enterprise applications and operational workflows.
For more information, visit SCWorx.com.
Investor Contact
SCWorx Investor Relations
