Syra Health, a healthcare technology company that provides tools to analyze population health, announced it secured another contract this year, this time with the Health Care Authority in Washington state, marking the 20th state the company has contracted with.
Syra will provide behavioral health and recovery training and support services to strengthen the recruitment and retention of Washington’s behavioral health workforce.
Through the partnership, the company will provide training for behavioral health outpatient services, substance use disorder prevention, recovery support services, inpatient psychiatric services, residential treatment, continuum of care training, and substance use disorder treatment and mental health support in correctional facilities.
“Winning this contract in Washington state marks a significant step forward for Syra Health as we continue our rapid expansion across the country,” Deepika Vuppalanchi, CEO of Syra Health, said in a statement. “We currently provide similar training in Arizona, Indiana and Kansas. Improving mental and behavioral health care is one of our corporate goals. A key piece of achieving this goal is improving the quality of behavioral health care by equipping providers with the needed training and support.”
THE LARGER TREND
Syra Health has signed numerous contracts within the past year, including a five-year $275,000 contract announced in November to examine the city of San Antonio’s implementation of its Racial and Ethnic Approaches to Community Health (REACH) project.
REACH is a U.S. Department of Health and Human Services (HHS) project administered by the Centers for Disease Control and Prevention (CDC).
In January, the Indiana-based company signed a one-year $480,000 contract to assess how existing risks to public health in its home state impact public health infrastructure and behavioral health.
A month later, the company announced it secured a third contract in Virginia to help staff Fairfax County’s healthcare workforce, including staffing licensed nurses to offer 24-hour nursing care and assisting the county in filling other temporary healthcare positions.
Other contracts in the state include one with the Commonwealth of Virginia Department of Corrections to supply temporary medical staff and another with the state’s Department of General Services to provide healthcare staff state-wide.
Syra reported 47% year-over-year revenue growth in the first quarter of 2024, with total revenue of $1.7 million in Q1, compared with $1.2 million in the same period last year.
The company noted its strong growth was due to its Population Health offering, which grew 212% year over year, and its Healthcare Workforce solutions, which grew 28% compared to the prior year.
