SCWorx Announces New Customer Service Agreement

Extends Contract with Leading New England Medical Center

NEW YORK–(BUSINESS WIRE)–SCWorx Corp. (Nasdaq:WORX), a company that offers a SAAS based suite of
data management and benchmark analytics solutions for Healthcare
Providers, has expanded its relationship with an innovative University
Medical Center located in northern New England by extending the term of
its current agreement, which initially was 2 years, to a total of 5
years, and adding $375,000 in new services.

The expanded services now cover the creation of an enterprise wide data
governance program, full maintenance and automation of the
multi-hospital system’s Item Master which is a custom list of all things
purchased by the University, assistance in the implementation of a new
EMR (EPIC) which is the Electronic Medical Record that is used primarily
in the documentation of all procedures performed at the University and
expansion of attributes so that the institution can finally link
purchases to utilization to payments. The University has been a leader
in solving business issues via a collaborative approach with other
Providers. What makes their program remarkable is that they have been
successful even though their collaborative group is in close proximity
to each other – with the Members of the collaborative considered
competitive by many measures. As a next step, this expanding
collaborative is focused on expanding the services and operations of
their respective supply chains, with a primary goal of driving better
performance through efficient utilization of products, using granular
and accurate data that delivers outcomes, costing and utilization
information to the point of decision as a mechanism that aligns all
Provider constituents from the dietician to the surgeons in a singular
vision of delivering the best services to their patient at the lowest
possible cost.

Marc Schessel, CEO of SCWorx, commented: “We are both humbled and are
privileged that the University, after looking at many potential solution
providers, has decided to expand its relationship with SCWorx and extend
its contract. We are quite proud that the University and its
collaborative Members have chosen SCWorx to build the foundational
components that will allow the University and its Members to speak in an
instantaneous, common vernacular and use our associated analytics to
power their advanced business programs. We look forward to a long and
successful relationship with this growing University.”

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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