Syra Well being, a healthcare expertise 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) mission.
The U.S. Division of Well being and Human Companies’ (HHS) REACH mission is a nationwide program administered by the Facilities for Illness Management and Prevention (CDC).
This system, which San Antonio adopted, goals to increase HHS’ Wholesome Neighborhoods program and cut back racial and ethnic well being disparities, together with persistent 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 training 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 expertise to guage and advise the town on the scalability, influence and sustainability of its methods pertaining to its REACH mission.
The Indianapolis-based firm’s inhabitants well being instruments embody well being fairness analytical options and epidemiology-focused choices. The corporate additionally supplies analytics about figuring out and addressing social determinants of well being utilizing information from numerous sources that monitor and monitor well being outcomes.
“The nation’s concentrate on a more healthy inhabitants presents an exquisite alternative for Syra Well being,” Sandeep Allam, govt chairman and president at Syra Well being, stated 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 Companies, valued at practically $215,000, to guage the wants of Hennepin County’s Hispanic and Latino communities and to help these wants by implementing Culturally and Linguistically Acceptable Companies (CLAS) requirements.
The healthcare companies 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 right now.
In a submitting with the SEC in Might concerning dangers related to the enterprise, the corporate stated, “Though we’ve 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 “develop into a frontrunner in scientific healthcare options” by working with the private and non-private healthcare sectors. It additionally famous it anticipates progress and expects to increase its footprint by buying firms with related choices.
Different firms providing analytics for inhabitants well being embody healthcare information firm Komodo Well being and data-focused inhabitants well being analytics firm Innovaccer.