Hydreight Technologies Inc. (“Hydreight”or the
“Company”)(TSXV: NURS)(OTCQB: HYDTF)(FSE: SO6), a fast-growing
mobile clinical network and medical platform which enables flexible
at-home medical services across 50 states in the United States, is
providing an update on VSDHOne, its Direct-to-Consumer (D2C)
healthcare platform. Now fully operational in all 50 states,
VSDHOne is redefining telehealth by offering businesses an
unparalleled, end-to-end solution to launch their own healthcare
brands—quickly, cost-effectively, and at scale.
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.
Features include:
- eCommerce Platform
- Telemedicine Technology
- Booking and Scheduling Technology
- Nationwide Doctors Network in all 50 States
- Pharmacy Network and fulfillment partners
- Medical Direction
- Medical Legal Structure
- Payment Processing
- LegitScript approved - Enterprise Partner
- Affiliate Marketing Automation
“VSDHOne bridges the gap in healthcare accessibility, empowering
nontraditional players to deliver personalized, convenient care
directly to consumers. This isn’t just telemedicine; it’s
Telehealth 2.0,” said Shane Madden, CEO, Hydreight
Technologies.
Available Treatments on the platform:
There are currently about 40 products available on the platform
for the clients to offer to their patients. VSDHOne supports a wide
range of treatments tailored to meet growing consumer demand for
convenient, personalized care. The platform currently offers:
- Skincare Treatments:
Including acne and anti-aging solutions.
- Hair Loss Treatments: Clinically-backed
therapies to promote hair regrowth.
- Sexual Health: Addressing common concerns with
effective, discreet care.
- Hormone Replacement Therapy: Including
Sermorelin and Testosterone Replacement Therapy (TRT).
- GLP-1 Weight Management: Cutting-edge
treatments for obesity and weight management.
- Peptides
Future Treatments Coming to the Platform
Hydreight continues to expand VSDHOne’s offerings to include
innovative therapies:
- Genetic Testing
- Birth Control Options
- Oral GLP-1 Therapies
- NAD+ Nasal Spray for anti-aging and
energy
- Longevity-focused
solutions
These treatments position VSDHOne as a comprehensive solution
for a wide array of consumer healthcare needs, creating
opportunities for businesses to grow their offerings and drive
recurring patient engagement.
Current Market and Its Gaps:
Consumer trust in the healthcare system is at an all-time low.
This is due to equal access to care and pricing. In certain states,
there remains a significant limitation in accessing healthcare
professionals. More than 80% of counties across the country lack
access to services needed to maintain, much less improve, their
health. That's approximately 30 million Americans who live in
"healthcare deserts" where accessible physicians are scarce.
Since the COVID-19 pandemic, the demand for telemedicine has
surged, with adoption rates among physicians rising from 15.4% in
2019 to 86.5% in 2021. As telehealth continues to evolve, providers
are expanding their services to include everything from live
consultations to asynchronous treatments.
There are many online providers for these treatments but they
either are using different providers for different needs or they
may not follow the best practices to have the full compliance.
VSDHOne empowers providers from online providers, health clubs to
existing brick and mortar locations to expand their offerings to
consumers directly without being worried about the medical
operational side of the offerings. They place a widget on their
website and as soon as a patient lands on their website, they will
go through the VSDHOne widget step by step platform and will
receive their treatments and medications.
A Compelling Business
Model:
VSDHOne operates on a SaaS-based model, with customers
purchasing state-specific licenses and paying per-order fees for
the platform’s end-to-end capabilities. This provides Hydreight
with a recurring revenue stream while offering clients unparalleled
scalability.
Since its soft launch in late Q2 2024, VSDHOne has been
onboarding over 200 licenses, far exceeding
expectations. The platform and management projects to have
over 1,000 licenses by December 2025, creating
significant recurring revenue opportunities.
VSDHOne team is projecting each license to process approximately
between 5 to 20 orders per day after full onboarding. The company
will aim to provide guidance to the market by the end of Q1 after
fully onboarding the first group of licenses and monitoring their
traction in the first months. Most of the orders and treatments are
ongoing treatments that patients need to have follow up orders
every month after the initial month.
“Hims & Hers Health, Inc. reported that it processed
approximately 2.66 million net orders with an Average Order Value
(“AOV”) of approximately $147 in the third quarter of 2024. This
translates to an average of about 29,600 orders per day during that
quarter. We are helping other vendors to have such infrastructure
to offer similar services without being worried about the details
of offering and operations” said Shane Madden, CEO, Hydreight
Technologies.
WEBINAR:
The Company’s management, and Medical
team will be hosting a webinar to discuss more details about this
in January 2025.
For more information or to get started, please email
business@vsdigitalhealth.com.
About VSDHOne - Direct to Consumer PlatformIn a
partnership with two other parties, Hydreight Technologies launched
the VSDHOne (Read as VSDH-One)platform. VSDHOne simplifies the
entry challenges for companies and medi-spa businesses to enter the
online healthcare space compliantly. This platform will help all
businesses to launch a direct-to-consumer healthcare brand in a
matter of days in all 50 states. Compliant offerings include:
GLP-1s (semaglutide, tirzepatide), peptides, personalized
healthcare treatments, sermorelin, testosterone replacement therapy
(“TRT”), hair loss, skincare, sexual health and more.
Hydreight invested in technology, legal and infrastructure to
launch this platform. The VSDHOne platform offers a complete,
end-to-end solution for businesses looking to launch
direct-to-consumer healthcare brands. From compliance and
telemedicine technology to nationwide doctor and pharmacy networks,
VSDHOne provides all the tools needed for a seamless entry into the
online healthcare space. The platform is designed to significantly
reduce the time and costs associated with launching such services,
making it possible for businesses to go live in days instead of
months.
About Hydreight Technologies Inc.
Hydreight Technologies Inc. is building one of the largest
mobile clinic network 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.
On behalf of the Board of Directors
Shane MaddenDirector and Chief Executive OfficerHydreight
Technologies Inc.
ContactEmail: ir@hydreight.com; Telephone: 1 (702) 970-8112
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”, “estimate”, “projecting”, “expect” or
similar expressions and includes information regarding expectations
for the Company's growth, VSDHone’s number of licenses and orders
in 2025.
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.
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