Hydreight Technologies, a rapidly growing mobile clinical network and medical platform and VSDHOne, its innovative telehealth and e-commerce platform developed in partnership with Victory Square Technologies, announced the launch of a D2C Digital Health Accelerator program. This initiative will invest up to $10 million in the form of cash, a comprehensive suite of VSDHOne resources, services and/or company shares to support emerging healthcare brands poised to improve patient care across the United States. This program directly addresses the massive opportunity in the US healthcare system, projected to reach $7.2 trillion by 2031, according to the Centers for Medicare & Medicaid Services (CMS).
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What is VSDHOne?
VSDHOne provides a comprehensive telemedicine platform that empowers businesses, including MedSpas, health and wellness entrepreneurs, retailers, and pharmaceutical brands, to create D2C healthcare solutions in days rather than months. The purpose of launching VSDHOne is to make it easy for any existing brick and mortar or individuals to launch a direct to consumer healthcare brand in a few weeks without worrying about compliance, doctor network, telemedicine and ecommerce Technology, Medical direction and oversight, Pharmacy network, and a medical legal framework in all 50 States.
With the marriage of Virtual and at facility healthcare features, companies can expand beyond their current Bricks and Mortar solutions.
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Accelerating Growth with Comprehensive Support
The accelerator program is designed to empower businesses offering treatments and therapies directly to patients, including:
- Skincare Treatments: Acne and anti-aging solutions
- Hair Loss Treatments
- Sexual Health: Hormone Replacement Therapy (TRT), peptides, Sermorelin
- GLP-1 Weight Management: Treatments for obesity and weight management
- Genetic Testing
- Birth Control Options
- Oral GLP-1 Therapies
- NAD+ Nasal Spray: For anti-aging and energy
- Longevity-focused solutions
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Addressing the Need
The US healthcare system is ripe for innovation. Studies have shown significant inefficiencies, including:
- Approximately 50% of care delivery is inefficient (source: Deloitte)
- Administrative costs account for 25% of total healthcare spending compared to just 8% in peer countries (source: JAMA)
- 40% of Americans delay or forgo care due to cost or accessibility barriers (source: KFF)
Hydreight can tackle these issues and promote significant change in the healthcare industry by utilizing the VSDHOne platform to equip digital health businesses.
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Accelerating Growth with Comprehensive Support
Selected companies will receive a comprehensive suite of resources to fuel their growth, including:
- Funding: A combination of services, cash, and stock to support expansion.
- VSDHOne Platform Access: Leverage the full capabilities of the VSDHOne platform, including telehealth infrastructure, e-commerce solutions, and nationwide compliance.
- Marketing Support: Legitscript Certifications and Expert guidance and resources to amplify brand reach and customer acquisition.
- Onboarding and Integration: Seamless integration with the VSDHOne platform and pharmacy.
- Medical Direction and Doctors Network: Access to a nationwide network of physicians, and Healthcare professionals for Medical Directions and Consults
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Eligibility Criteria
To qualify applying for the accelerator program, companies must meet the following criteria:
- Minimum Revenue: $750,000 USD in the last 12 months
- US-Based Operations
- Legal Compliance: All products and services must be legally compliant with US regulations.
- Platform Migration: Commitment to migrating operations to the VSDHOne platform and pharmacy.
“We are thrilled to launch this accelerator program to empower the next generation of digital health innovators,” said Shane Madden, CEO of Hydreight. “By providing comprehensive support and resources, we aim to accelerate the growth of these companies and expand access to treatments for patients across the country. That will also help with our goals and targets with VSDHOne revenue and number of orders”
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Source – globenewswire
