Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV:
NURS) (OTCQB: HYDTF) (FSE: SO6), 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 (CSE: VST) (OTC: VSQTF) (FWB: 6F6), today
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).
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.
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
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.
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
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"
How to Apply
Interested companies are invited to submit their proposals and
business information to VSDHOne@hydreight.com
Upcoming Webinar:
Hydreight's senior management, Medical teams and Legal counsel
will discuss VSDHOne's unique national medical platform
structure and how it is a turnkey digital health
whitelabel platform that allows businesses to operate compliantly
and seamlessly in all 50 States, no operational needs and creates a
significant competitive advantage (MOAT) for Hydreight in the
rapidly evolving U.S. healthcare market, valued at $4.9
trillion in 2023 (source: CMS.gov).
Webinar
Details:Date: Wednesday, January
22ndTime: 11:00 AM PST | 2:00 PM
ESTDuration: 30 minutesRegister here:
https://hydreight.zoom.us/webinar/register/WN_a4-ugSYPTUKMc3oxoEbeVg
Featured
Speakers:
- Shane Madden, CEO and
Board Member
- Dr. Joseph Palumbo, Chief Medical Officer and
Board Member
- Dr. Lindsey Urbatchka, Doctor of Pharmacy
- Brigid Maloney, Partner and Co-Leader of
Lippes Mathias Law’s Health Law Practice, Legal Counsel
During the webinar, we will highlight
how the VSDHOne platform’s fully compliant
infrastructure enables us to streamline operations,
empower medical professionals, and provide exceptional value to
clients while strengthening Hydreight’s position as a leader in the
digital healthcare space.
They will also cover,
- 50 State Physician coverage built into
our model
- CPOM, an overview and understanding that in 30 of the 50 States
this Law prevents individuals or businesses in getting into the
Business of Healthcare
- The Mobile Healthcare industry and the level of oversight and
structure we have introduced
- The 50 state Pharmacy challenge and our unique solutions
- Pharmaceutical landscape and upcoming challenges and our
advantages
- and more
On behalf of the Board of Directors
Shane MaddenDirector and Chief Executive OfficerHydreight
Technologies Inc.
Contact:Email: ir@hydreight.com; Telephone: 1 (702) 970-8112
About Hydreight Technologies Inc.
Hydreight Technologies Inc. is building one of the largest
mobile clinic networks in the United States. Its proprietary, fully
integrated platform hosts a network of over 2500 nurses, over 100
doctors and a pharmacy network across 50 states. The platform
includes a built-in, easy-to-use suite of fully integrated tools
for accounting, documentation, sales, inventory, booking, and
managing patient data, which enables licensed healthcare
professionals to provide services directly to patients at home,
office or hotel. Hydreight is bridging the gap between provider
compliance and patient convenience, empowering nurses, med spa
technicians, and other licensed healthcare professionals. The
Hydreight platform allows healthcare professionals to deliver
services independently, on their own terms, or to add mobile
services to existing location-based operations. Hydreight has a
503B pharmacy network servicing all 50 states and is closely
affiliated with a U.S. certified e-script and telemedicine provider
network.
About Victory Square Technologies Inc.
Victory Square is a Venture Builder that provides investors a
liquid way to invest in early-stage technology companies without
buying a venture fund that requires accredited investor status or
multi-year commitments.
- A diverse portfolio of 25+ innovative companies from around the
world (founders come from: Ireland, Sri Lanka, Bulgaria, Australia,
India, Brazil, the Middle East and North America)
- Sectors include: Digital Health, Artificial Intelligence (AI),
Machine Learning (ML), Blockchain/Web3, Virtual & Augmented
Reality (VR/AR), Gaming, Climate Tech
- Owner-operated (approx. 15% Management Ownership)
Business Model:
The Victory Square business model is to buy, build and invest in
early stage tech companies. We spend upwards of 48 months with
those companies until they're ready to spin-off or stand on their
own. There are a couple of unique elements to our business
model…
- We have unparalleled access to startups through our internal
incubator and International network with over 250+ founders,
investors, tech accelerators and venture capital firms from more
than 60 countries.
- Second, our management team and advisors are actively involved
in our investments from incubation through monetization, providing
them with financial, operational, and strategic support to scale
globally.
- We drive value by monetizing investments and reinvesting the
gains in new innovations. The strategy was to build a
self-sustaining business.
VST is a publicly-traded company headquartered in Vancouver,
Canada, and listed on the Canadian Securities Exchange (VST),
Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com.
This press release does not constitute an offer of securities
for sale in the United States. The securities being offered have
not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and such securities may not be
offered or sold within the United States absent U.S. registration
or an applicable exemption from U.S. registration requirements.
Neither TSXV nor its Regulation Services Provider (as that term
is defined in policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release. This press release does not
constitute an offer of securities for sale in the United States.
The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, and such securities may not be offered or sold within the
United States absent U.S. registration or an applicable exemption
from U.S. registration requirements.
Cautionary Note Regarding Forward-Looking
Information
This press release contains statements which constitute
“forward-looking information” within the meaning of applicable
securities laws, including statements regarding the plans, path to
profitability, intentions, beliefs and current expectations of the
Company with respect to future business activities and operating
performance. Forward-looking information is often identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “aim”, “estimate”, “projecting”, “expect”
or similar expressions and includes information regarding
expectations for the Company's growth, VSDHone’s number of licenses
and orders, growth and company’s growth projections in 2025.
All applications for the health accelerator program will be
reviewed, and approval will be based on the evaluation of the
company’s management and technical team. Meeting the eligibility
criteria does not guarantee acceptance into the program.
Investors are cautioned that forward-looking information is not
based on historical facts but instead reflects the Company’s
management’s expectations, estimates or projections concerning
future results or events based on the opinions, assumptions and
estimates of management considered reasonable at the date the
statements are made. Although the Company believes that the
expectations reflected in such forward-looking information are
reasonable, such information involves risks and uncertainties, and
undue reliance should not be placed on such information, as unknown
or unpredictable factors could have material adverse effects on
future results, performance or achievements of the Company. Among
the key factors that could cause actual results to differ
materially from those projected in the forward-looking information
are the following: the ability to obtain requisite regulatory and
other approvals with respect to the business operated by the
Company and/or the potential impact of the listing of the Company’s
shares on the TSXV on relationships, including with regulatory
bodies, employees, suppliers, customers and competitors; changes in
general economic, business and political conditions, including
changes in the financial markets; changes in applicable laws;
compliance with extensive government regulation; and the diversion
of management time as a result of being a publicly listed entity.
This forward-looking information may be affected by risks and
uncertainties in the business of the Company and market
conditions.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking information
prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
Hydreight Technologies (TSXV:NURS)
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