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Friday, 02/16/2024 12:49:28 PM

Friday, February 16, 2024 12:49:28 PM

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$HCTI (Nasdaq) Company initiatives include:

*Implementation of planned enhancements to the platform portfolio;

*Aligning selling, general and administrative costs ("SG&A") by reducing third-party professional fees and infrastructure costs;

*Streamline the leadership structure to create clearer lines of accountability;

*Adjust go-to-market focus based on current market realities and how our customers want to leverage our platforms; Further streamlining the organization to drive process-related efficiencies.

As a result of the initiatives announced today, the Company expects to:

* Enhance gross margins by blending platform and managed services offerings

* Cost optimization across business operations

https://finance.yahoo.com/news/healthcare-triangle-announces-cost-reduction-140000854.html #NEWS
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