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Syra Health Secures $660,000 Population Health Contract Extension

1. Syra Health secured a $660,000 contract extension, totaling $1.32 million. 2. The contract extends population health services, enhancing healthcare quality and outcomes. 3. The agreement illustrates growing partner trust and Syra's strategic trajectory. 4. Population health unit expansion supports diversifying revenue and long-term growth. 5. Syra Health continues focusing on innovative technology for healthcare solutions.

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FAQ

Why Bullish?

The new contract extension boosts revenue prospects and strengthens market position. Historical examples show contract renewals often correlate with stock price increases.

How important is it?

The significance of contract renewals directly ties to revenue forecasts and market confidence, reflecting impactful future growth.

Why Long Term?

The ongoing contract extension indicates stable revenue streams, promoting sustained financial health over time.

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MEDPCERNHCAUNH
, /PRNewswire/ -- Syra Health Corp. (NASDAQ: SYRA), a healthcare technology company dedicated to powering better health through innovative technology products and services, announced today a one-year, $660,000 Population Health contract extension with a national healthcare organization. This agreement, combined with the previous year's agreement, brings the total contract value up to $1.32 million. "We are pleased to continue securing valuable population health contract extensions, as demonstrated by this announcement," said Dr. Deepika Vuppalanchi, Chair and CEO of Syra Health. "This is a testament to the trust our partners place in us and highlights our ongoing ability to deliver impactful healthcare solutions that improve health outcomes. As we continue to secure such extensions, we are confident in our strategy to deliver long-term growth, expanded reach, and sustainable value creation." Through the contract extension, Syra Health's team will continue providing Healthcare Effectiveness Data and Information Set (HEDIS®) outreach and support services. This extension enables Syra Health to further contribute to the organization's efforts to improve healthcare quality, enhance member outcomes, and reduce costs through expert data analysis and member outreach initiatives, as initially announced in March of 2024. This contract extension supports the continued expansion of Syra Health's Population Health business unit, which is one of the key growth contributors to the company's diversifying revenue base. The success and renewal of these contracts align with Syra Health's strategic focus of strengthening its revenue streams through higher-margin business segments. About Syra HealthSyra Health is a healthcare technology company powering better health in critical areas such as behavioral and mental health, population health, and the healthcare workforce. The company's leading-edge technology products and innovative services focus on prevention, access, and affordability. With a commitment to improving health, Syra Health is advancing healthcare solutions nationwide and around the world. For more information, please visit www.syrahealth.com. Forward-Looking StatementsStatements 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, 2024, 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 DruryCorporate Communications DirectorSyra Health463-345-5180[email protected] For Investor Inquiries:Corbin WoodhullManaging Director, Global AdvisoryHayden IR602-476-1821[email protected] SOURCE Syra Health WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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