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Syra Well being, a healthcare know-how firm that gives instruments to research inhabitants well being, introduced it signed a five-year $275,000 contract to look at the Metropolis of San Antonio’s implementation of its Racial and Ethnic Approaches to Neighborhood Well being (REACH) venture.
The U.S. Division of Well being and Human Providers’ (HHS) REACH venture is a nationwide program administered by the Facilities for Illness Management and Prevention (CDC).
This system, which San Antonio adopted, goals to develop HHS’ Wholesome Neighborhoods program and cut back racial and ethnic well being disparities, together with power illness for particular populations in rural, city and tribal communities with a excessive illness burden.
In San Antonio, REACH is meant to advertise protected and accessible bodily exercise, grownup vaccines, meals safety and requirements in early schooling and care settings amongst Latino and African American communities on the town’s South, West and East sides.
Syra Well being will make the most of its know-how to guage and advise the town on the scalability, affect and sustainability of its methods pertaining to its REACH venture.
The Indianapolis-based firm’s inhabitants well being instruments embrace well being fairness analytical options and epidemiology-focused choices. The corporate additionally gives analytics about figuring out and addressing social determinants of well being utilizing knowledge from varied sources that monitor and observe well being outcomes.
“The nation’s give attention to a more healthy inhabitants presents a beautiful alternative for Syra Well being,” Sandeep Allam, government chairman and president at Syra Well being, mentioned in a press release. “We’re proud to be part of the answer, serving to our companions in state authorities obtain the more healthy populations that they’re striving for of their states and for his or her residents.”
THE LARGER TREND
Earlier this month, Syra secured a two-year contract with Minnesota’s Division of Human Providers, valued at almost $215,000, to guage the wants of Hennepin County’s Hispanic and Latino communities and to assist these wants by implementing Culturally and Linguistically Applicable Providers (CLAS) requirements.
The healthcare providers firm, which was fashioned solely three years in the past, started buying and selling on the NASDAQ in September, opening with a inventory worth of $3 per share, which has since decreased to $1.30 per share as of in the present day.
In a submitting with the SEC in Could relating to dangers related to the enterprise, the corporate mentioned, “Though now we have generated roughly $5.3 million and $1.3 million of revenues as of December 31, 2022 and 2021, respectively, our future profitability is unsure.”
Nonetheless, the corporate hopes to “turn out to be a pacesetter in scientific healthcare options” by working with the private and non-private healthcare sectors. It additionally famous it anticipates progress and expects to develop its footprint by buying firms with related choices.
Different firms providing analytics for inhabitants well being embrace healthcare knowledge firm Komodo Well being and data-focused inhabitants well being analytics firm Innovaccer.
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