Customer Insights into SCWorx’s Technology

NEW YORK–(BUSINESS WIRE)–SCWorx Corp. (f/k/a Alliance MMA, Inc.) (Nasdaq: WORX) offers customer
insights into its leading SaaS Supply Chain technology.

“SCWorx is comprised almost entirely of hospital operators. We have
worked in finance, operating rooms, stock rooms and supply and sourcing
departments,” said Marc Schessel, CEO of SCWorx. “These experiences have
helped us to better understand the issues that our customers have to
deal with on a very personal level – and have served to shape the design
of our solutions.”

Todd Keating, Network Chief Financial Officer of The University of
Vermont Health Network, commented, “For longer than I can remember,
hospitals have been islands unto themselves, relying on outside parties
to compare, contrast and baseline our services. The problem has always
been that we were all speaking a different language and, even when using
outside companies, we were never quite certain as to their processes for
comparing us. With SCWorx we will finally have a database that ties
hospitals’ data together to create one purchasing, utilization and
billing syntax, which will allow us to compare ourselves instantaneously
with our peers. This new expanded database will allow my colleagues and
I to have substantive conversations, compare our processes and learn
from each other with the goal of normalizing the business processes to
effect lower costs, not just within our system, but throughout the
healthcare ecosystem. This platform will enable our information systems
to seamlessly communicate, allowing us to collaborate as a team to
achieve substantial cost reductions.”

Charlie Miceli, Network Vice President & Chief Supply Chain Officer of
The University of Vermont Health Network, added, “For years we have been
looking for a single application that will be able to synchronize the
various databases we use to collect critical business information
necessary to optimize our purchasing, identify physician practice
deviations and efficiently process ordering and billing transactions.
SCWorx provides us a platform that will allow us to synchronize a
majority of our business applications, thus helping us make accurate and
rapid fact-based decisions. Additionally, the solution will enable us to
track these decisions enterprise wide, so we can make quick and accurate
course corrections, as necessary. With SCWorx we have expanded our
supply chain capabilities, because now in addition to cost containment
pursuits, we can now focus on how products are actually being utilized
within the clinical departments – ultimately changing our focus from
just cost management to supporting total cost of care management.”

About SCWorx-

SCWorx offers an advanced software solution for the management of health
care providers’ foundational business applications. Together these
software systems have been credited with the healthcare providers’
customers tending to realize reduced medical expenses, while healthcare
providers have tended to experience expanded revenues and more
successful and safer clinical outcomes. The SCWorx software solution
ultimately transforms many aspects of the healthcare providers’ business
through its delivery of highly accurate, real-time information that
offers the executives of these healthcare providers the ability to
optimize many areas of their day-to-day operations, negotiate better
contracts with their vendors and payors and make better decisions with
respect to strategic purchases.

Forward-looking Statements

This press release contains “forward-looking statements” that involve
substantial risks and uncertainties for purposes of the safe harbor
provided by the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, included in this
press release regarding strategy, future operations, future financial
position, prospects, plans and objectives of management are
forward-looking statements. Examples of such statements include but are
not limited to SCWorx may not actually achieve the plans, carry out the
intentions or meet the expectations or projections disclosed in the
forward-looking statements and you should not place undue reliance on
these forward-looking statements. Such statements are based on
management’s current expectations and involve risks and uncertainties.
Actual results and performance could differ materially from those
projected in the forward-looking statements as a result of many factors,
including, without limitation, the ability to project future cash
utilization and reserves needed for contingent future liabilities and
business operations and the availability of sufficient resources of the
combined company to meet its business objectives and operational
requirements.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such jurisdiction.

Contacts

SCWorx Corp.
John Price, CFO
jprice@scworx.com

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