- Now Available for Download on the App Store and Google Play Store.
CARMEL,
Ind., Dec. 2, 2024 /PRNewswire/ -- Syra Health
Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a healthcare
technology company powering better health by providing meaningful
solutions, announced today that its flagship mental health app,
Syrenity, is now available for direct download by adults 18 years
and older. Syrenity leverages a science-driven approach to address
prevalent mental health challenges such as stress, anxiety, and
depression, positioning the Company to capture growth opportunities
in the expanding digital mental health market while advancing its
mission to deliver impactful, scalable solutions for improved
health outcomes.
"At Syra Health, we are committed to breaking
down barriers by making mental health care accessible to everyone,"
said Dr. Deepika Vuppalanchi, CEO of
Syra Health. "With Syrenity, we have developed an app that combines
cutting-edge technology with clinically validated methods and
real-time data insights to provide personalized solutions that
empower individuals to manage their mental health. This launch
marks a significant milestone in our mission to provide effective
and scalable mental health support to those who need it most."
The global mental health app market is projected
to grow significantly, from $6
billion in 2023 to over $30
billion by 2033. This growth is driven by increased
awareness of mental health concerns and a rising demand for
accessible solutions. Syrenity is strategically positioned to meet
this demand by offering clinically validated mental health
interventions directly to consumers.
Leveraging artificial intelligence, Syrenity
provides a highly personalized user experience. "A key feature of
Syrenity is its 24/7 AI-powered companion, Echo," said Dr.
Srikant Devaraj, VP of Innovation
and Growth at Syra Health. "Echo alleviates social isolation by
prompting AI-backed journal entries, offering empathy and support,
reminding users of daily goals, and continuously adapting to
individual needs based on real-time progress tracking."
Built uniquely on the latest cognitive behavioral
therapy (CBT), mindfulness-based stress reduction (MBSR), and
neuroscience research, Syrenity's development is guided by a team
of clinical psychologists, neuroscientists, and data scientists.
Syra Health's partnerships with academic institutions further
validate the app's efficacy through ongoing evaluation.
Syrenity provides an intuitive and personalized
mental health experience, starting with a comprehensive baseline
assessment. Sophisticated algorithms analyze user responses to
generate precise risk scores, enabling tailored interventions that
help prevent conditions from escalating.
By combining education with practical exercises,
Syrenity acts as both a mirror, reflecting users' progress, and a
dynamic tool for their mental health journey. Real-time reporting
enhances its functionality, offering two types of reports: one
tracking mental health improvements and another providing
AI-generated clinical summaries with actionable insights to guide
future steps. With a strong commitment to data security, Syrenity
is fully HIPAA-compliant, employing advanced encryption and strict
protocols to ensure user confidentiality.
In addition to its consumer-facing product,
Syrenity is also available as a customizable business-to-business
solution. The app can be tailored to meet the needs of healthcare
providers, payers, life science organizations, and academic
institutions, seamlessly integrating into existing systems.
Initially launched in the United States, Syra Health plans to
strategically expand Syrenity's reach to select
lower-to-middle-income countries, tapping into markets with high
unmet mental health needs. This expansion presents significant
growth opportunities, aligning with Syra Health's mission to
address global mental health challenges while diversifying its
revenue streams.
ABOUT SYRA HEALTH
Syra Health is a healthcare technology company
powering better health in challenging areas such as behavioral and
mental health, digital health, and population health, by providing
innovative services and technology products. Syra Health's
offerings are centered on prevention, improved access, and
affordable care. Syra Health supplies its solutions to payers,
providers, life sciences organizations, academic institutions, and
the government. For more information, please visit
www.syrahealth.com.
Forward-Looking Statements
Statements 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, 2023, 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.
For Investor or Media Inquiries:
Christine
Drury
IR/PR
Syra Health
463-345-5180
christined@syrahealth.com
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SOURCE Syra Health