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Syra Health's Business Segments
Syra Health's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
1
Largest Segment
Healthcare Workforce
Total Revenue
$ 2
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Healthcare Workforce24.7%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Healthcare Workforce | $ 1 | 24.7% |
Revenue by Product & Service Category - FY
- Population Health89.3%
- Healthcare Workforce26%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Population Health | $ 2 | 89.3% |
| Healthcare Workforce | $ 1 | 26% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Healthcare Workforce24.7%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Healthcare Workforce | $ 1 | 24.7% |
Description of Syra Health
The company operates in the healthcare industry, providing software solutions that involve obtaining, processing, and distributing data essential to their services. Their business strategy emphasizes cross-selling solutions and enhancing sales force productivity to drive growth. The company reported revenues of approximately $8.0 million and $7.2 million for the years ended December 31, 2024, and 2025, respectively. Future profitability is uncertain. The company faces risks including the need for substantial additional funding, potential service disruptions or data breaches, reliance on third-party providers such as Internet infrastructure and data centers, and the ongoing requirement to update and develop new solutions to maintain market acceptance. They also address privacy concerns and regulatory compliance, particularly when working with government clients. The independent registered public accounting firm has expressed substantial doubt about the company's ability to continue as a going concern, which may impact future financing. The company's operations depend on data integrity, IT infrastructure, and regulatory adherence, with ongoing efforts to improve product offerings and sales capabilities in a competitive and rapidly changing environment.
Syra Health Corp is a multifaceted organization specializing in healthcare solutions. The company operates across several segments, offering a range of products and services designed to meet the needs of healthcare providers, patients, and healthcare systems. Here’s an extensive overview of their offerings:
Segments
1. Healthcare Technology Solutions:
- Electronic Health Records (EHR): Syra Health Corp provides advanced EHR systems that facilitate the efficient capture, storage, and retrieval of patient information. These systems are designed with user-friendly interfaces, customizable templates, and interoperability features that enable seamless data sharing between different healthcare providers.
- Telehealth Services: Recognizing the growing importance of remote healthcare, Syra offers telemedicine platforms that allow healthcare professionals to conduct virtual consultations, manage patient follow-ups, and provide care remotely. These solutions may include video conferencing, secure messaging, and remote patient monitoring.
- Data Analytics: The company provides robust analytics tools to help healthcare organizations leverage big data. This includes predictive analytics for patient outcomes, business intelligence solutions for operational efficiency, and reporting tools that comply with regulatory requirements.
2. Clinical and Operational Support Services:
- Consulting Services: Syra Health offers expert consulting services to healthcare organizations looking to optimize their operations. This can include workflow assessments, strategic planning, and implementation support for new technologies or processes.
- Staffing Solutions: The company also provides staffing services, helping healthcare facilities to fill critical roles with qualified professionals, including temporary staffing for high-demand periods and long-term placements for specialized fields.
- Training and Education: Investor in continuous improvement, Syra offers training solutions for healthcare professionals to stay updated with the latest clinical practices, EHR usage, compliance requirements, and technological advancements.
3. Patient Engagement and Support Services:
- Patient Portals: Syra Health Corp develops patient engagement platforms that allow patients to access their health information, communicate with healthcare providers, schedule appointments, and manage medications.
- Care Coordination Services: The company offers care management solutions that facilitate collaboration among healthcare teams to ensure that patients receive comprehensive and coordinated care.
4. Marketplace and Procurement:
- Healthcare Products Marketplace: Syra operates a marketplace for healthcare products and devices, allowing healthcare providers to procure necessary medical supplies, equipment, and pharmaceuticals efficiently. This platform may also feature vendor management tools to streamline purchasing processes.
- Subscription Services: Some products within the marketplace may be available through subscription models, providing healthcare entities with a reliable supply line for consumables and equipment.
5. Research and Development:
- Syra Health Corp is involved in R&D activities to innovate and improve existing products and services. This includes collaborations with research institutions or industry partners to develop new healthcare technologies, treatment protocols, and service delivery models.
Products
- Healthcare Management Software: A suite of software products that assist with clinical documentation, appointment scheduling, billing, and analytics.
- Mobile Applications: Applications aimed at both patients and healthcare providers, offering functionalities such as appointment reminders, medication tracking, and educational resources.
- Wearable Devices: Potential offerings in the wearable tech space that monitor patient health metrics in real time, integrating seamlessly with existing EHR systems for better patient data management.
Services
- Implementation Services: Comprehensive support for healthcare organizations transitioning to new systems or technologies, including project management, technical support, and user training.
- Technical Support: Ongoing technical assistance for troubleshooting and resolving any issues with Syra’s technology solutions.
- Regulatory Compliance Services: Guidance and tools to help healthcare organizations comply with local, state, and federal regulations, including HIPAA compliance and quality improvement standards.
In summary, Syra Health Corp positions itself as a prolific player in the healthcare sector, blending technology, service, and expertise to create comprehensive solutions for various stakeholders in the healthcare ecosystem. Their diverse range of offerings addresses critical healthcare challenges and enhances the quality of care delivery.
Segments
1. Healthcare Technology Solutions:
- Electronic Health Records (EHR): Syra Health Corp provides advanced EHR systems that facilitate the efficient capture, storage, and retrieval of patient information. These systems are designed with user-friendly interfaces, customizable templates, and interoperability features that enable seamless data sharing between different healthcare providers.
- Telehealth Services: Recognizing the growing importance of remote healthcare, Syra offers telemedicine platforms that allow healthcare professionals to conduct virtual consultations, manage patient follow-ups, and provide care remotely. These solutions may include video conferencing, secure messaging, and remote patient monitoring.
- Data Analytics: The company provides robust analytics tools to help healthcare organizations leverage big data. This includes predictive analytics for patient outcomes, business intelligence solutions for operational efficiency, and reporting tools that comply with regulatory requirements.
2. Clinical and Operational Support Services:
- Consulting Services: Syra Health offers expert consulting services to healthcare organizations looking to optimize their operations. This can include workflow assessments, strategic planning, and implementation support for new technologies or processes.
- Staffing Solutions: The company also provides staffing services, helping healthcare facilities to fill critical roles with qualified professionals, including temporary staffing for high-demand periods and long-term placements for specialized fields.
- Training and Education: Investor in continuous improvement, Syra offers training solutions for healthcare professionals to stay updated with the latest clinical practices, EHR usage, compliance requirements, and technological advancements.
3. Patient Engagement and Support Services:
- Patient Portals: Syra Health Corp develops patient engagement platforms that allow patients to access their health information, communicate with healthcare providers, schedule appointments, and manage medications.
- Care Coordination Services: The company offers care management solutions that facilitate collaboration among healthcare teams to ensure that patients receive comprehensive and coordinated care.
4. Marketplace and Procurement:
- Healthcare Products Marketplace: Syra operates a marketplace for healthcare products and devices, allowing healthcare providers to procure necessary medical supplies, equipment, and pharmaceuticals efficiently. This platform may also feature vendor management tools to streamline purchasing processes.
- Subscription Services: Some products within the marketplace may be available through subscription models, providing healthcare entities with a reliable supply line for consumables and equipment.
5. Research and Development:
- Syra Health Corp is involved in R&D activities to innovate and improve existing products and services. This includes collaborations with research institutions or industry partners to develop new healthcare technologies, treatment protocols, and service delivery models.
Products
- Healthcare Management Software: A suite of software products that assist with clinical documentation, appointment scheduling, billing, and analytics.
- Mobile Applications: Applications aimed at both patients and healthcare providers, offering functionalities such as appointment reminders, medication tracking, and educational resources.
- Wearable Devices: Potential offerings in the wearable tech space that monitor patient health metrics in real time, integrating seamlessly with existing EHR systems for better patient data management.
Services
- Implementation Services: Comprehensive support for healthcare organizations transitioning to new systems or technologies, including project management, technical support, and user training.
- Technical Support: Ongoing technical assistance for troubleshooting and resolving any issues with Syra’s technology solutions.
- Regulatory Compliance Services: Guidance and tools to help healthcare organizations comply with local, state, and federal regulations, including HIPAA compliance and quality improvement standards.
In summary, Syra Health Corp positions itself as a prolific player in the healthcare sector, blending technology, service, and expertise to create comprehensive solutions for various stakeholders in the healthcare ecosystem. Their diverse range of offerings addresses critical healthcare challenges and enhances the quality of care delivery.