Syra Health Corp. Class A Common Stock
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Gregory R. Alexander
- Full Time Employees
- 57
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- 1119 Keystone Way North Carmel DE United States of America 46032
- IPO Date
- Sep 29, 2023
- CIK
- 0001922335
- Website
- syrahealth.com
- Similar Companies
- Business
- Syra Health Corp is a healthcare technology company specializing in digital health solutions with a primary focus on behavioral and mental health, population health management, health education, and healthcare workforce services. It offers core products including Syrenity, an AI-backed, evidence-based mental health app integrating telehealth for managing common mental health conditions, and CarePlus, a specialized Electronic Medical Record (EMR) system designed to optimize clinical workflows and enhance patient care. The company also provides population health contract services, healthcare workforce staffing solutions, and innovative training programs targeting payers, providers, life sciences organizations, academic institutions, and government agencies across the United States. Founded in 2015 and headquartered in Carmel, Indiana, Syra Health operates nationally with contracts in multiple states including Indiana, Tennessee, Arizona, and Virginia. Recent major developments include the 2024 launch of Syrenity, which drives the company's strategic shift toward scalable mental health technology solutions, backed by positive preliminary clinical study results. The company has secured several significant contracts extending its population health and healthcare workforce engagements, such as a $2.1 million contract to provide medical management nurses for a major insurance provider and multiple government agency contracts focused on healthcare quality improvement and population health initiatives. Syra Health also achieved ISO certification and reported a 45% year-on-year revenue increase in 2024 to $8 million, driven by growth in higher-margin population health services despite overall net losses attributed to upfront investments in product development and scaling of Syrenity. Additionally, Syra Health is actively pursuing acquisitions to expand its healthcare technology portfolio and maintain its growth trajectory. The company’s strategic focus encompasses accessible, affordable, and evidence-based healthcare solutions that reduce stigmas and increase care access, aiming to support both individual users and organizational clients. Syra Health’s offerings facilitate improved mental health outcomes, operational efficiency for healthcare providers, and equitable health services for payers and government bodies, reflecting its broad commitment to advancing healthcare through technology and expertise.
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