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Hydreight Technologies Inc
Symbol NURS
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Hydreight, Victory Square hype VSDHOne technology

2024-06-05 11:08 ET - News Release

Also News Release (C-VST) Victory Square Technologies Inc

Mr. Shane Madden of Hydreight Technologies reports

HYDREIGHT IN PARTNERSHIP WITH DSV GLOBAL AND VS DIGITAL HEALTH LAUNCHES TELEMEDICINE SOLUTION THAT HELPS COMPANIES LAUNCH A D2C HEALTHCARE BRAND IN ALL 50 STATES

Hydreight Technologies Inc., in partnership with a Victory Square Technologies Inc. subsidiary, VS Digital Health, and DSV Global, is launching the VSDHOne, a fully featured end-to-end telemedicine solution that helps companies launch a direct-to-consumer health care brand -- and do it in days rather than months at a fraction of the cost in all 50 states.

Consumer trust in the health care system is at an all-time low. This is due to equal access to care and pricing. The purpose of launching VSDHOne is to make it easy for any existing brick and mortar or individuals to launch a direct-to-consumer health care brand in a few weeks without worrying about compliance, doctor network, telemedicine and e-commerce technology, medical direction and oversight, pharmacy network, and a medical legal framework in all 50 states. With the marriage of Virtual and at facility health care features, companies can expand beyond their current bricks and mortar solutions.

"As unsexy as it might sound, digital health infrastructure is rapidly emerging as one of the sector's hottest bets, as virtual-first care companies proliferate and scale. This announcement comes as health tech enjoys its Shopify moment, with a flurry of start-ups vying to supply the technological backbone for health care companies. And VSDHOne is separating itself from the pack and poised to emerge a winner," said Shane Madden, chief executive officer of Hydreight Technologies. "We have built a service, technology and partnership stack to power your telehealth needs, just add your brand and we take care of the rest. This partnership and its projected cash flow will help us with one of our top priorities of this year for profitability."

Features include:

  • E-commerce platform;

  • Telemedicine technology;

  • Booking and scheduling technology;

  • Membership management technologies;

  • Nationwide doctors network in all 50 states;

  • Pharmacy network and fulfilment partners;

  • Medical direction;

  • Medical legal structure;

  • Payment processing.

VSDHOne's soft release was in May, 2024, and the official launch will be in June with already having a wait-list of potential clients to come on board.

This has created a massive opportunity for these outsiders to step in and leverage their ultimate advantage-brand recognition and loyalty with customers. They understand the investment it takes in building experiences around their customer, prioritizing value and convenience along the way. Their physical presence can also be found in every town -- sometimes seemingly on every corner -- creating local relationships with their customers despite their national position.

VSDH and Hydreight Technologies have been building out the infrastructure for a Telehealth 2.0 solution with an eye toward working with non-traditional players like: medspas, health and wellness entrepreneurs, retailers, pharmaceutical brands, labs, diagnostics companies, and other various health care companies. It offers the underlying infrastructure that enables virtual care for its customers, along with a nationwide network of clinicians to provide the care. The company can also offer tailored care programs, such as for women's health, men's health or condition management.

"We are bringing this enhanced platform to the market to support some of the most innovative companies in health care," said Shafin Diamond Tejani, chief executive officer of Victory Square Technologies. "Our goal is to provide a seamless platform for companies to create consumer-centric health care experiences. While many companies are cutting back on technology investments, we are doubling down because we recognize the growing demand for convenient and personalized health care."

In certain states, there remains a significant limitation in accessing health care professionals. More than 80 per cent of counties across the country lack access to services needed to maintain, much less improve, their health. That is approximately 30 million Americans who live in health care deserts where accessible physicians are scarce. The nationwide rollout of the VSDH platform marks a crucial step toward ensuring quality care for all Americans.

"During the pandemic, we saw pharmacy retail chains play a crucial role in vaccinating much of the country. Now, we're moving towards a future where people can visit their local superstore for a flu shot and their annual physical, or use their favourite retailer's app to connect with a clinician virtually and have over-the-counter treatments delivered to their home. This vision has been a long-term goal for megaretailers, but the technology needed to deliver a superior hybrid care experience wasn't mature enough until now. The widespread adoption of virtual care has changed everything. With the technology now in place to support this transformation, retailers can easily provide timely, convenient and affordable care to their customers wherever and whenever they need it. The VSDH platform offers a unified, scalable and cost-effective solution for virtual care delivery, revolutionizing access to health care."

About Hydreight Technologies Inc.

Hydreight Technologies is building the largest mobile clinic network in the United States. Its proprietary, fully integrated platform hosts a network of over 2,500 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 health care 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, medspa technicians and other licensed health care professionals. The Hydreight platform allows health care 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.

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