Health Sqyre Investment Opportunity
We are changing the way patients buy medical supplies.
The Health Sqyre Vision
Our vision is that buying medical supplies online will be as easy as buying a pair of shoes online.
Over the last decade, we’ve seen an aging population, an increase in online retail sales, and patients increasingly turning to the internet for more convenient and less expensive options. These trends are set to accelerate now that there are healthcare API platforms that make it possible to integrate directly with payers to access patient coverage data.
Imagine if you could know exactly what cost you owe and what your insurance will cover for a particular medical supply with just a click of a button… and then be able to buy it (Online!). We’ll actually be able to deliver this as soon as we finish building our proprietary rules engine that performs various algorithmic calculations and API calls.
Once this is possible, our addressable market suddenly opens up from only serving CPAP therapy users to include users of all durable medical equipment (“DME”).
Eventually, we can eliminate opaque pricing and the inability to purchase medical supplies online using insurance. And that’s a vision we believe is worth fighting for.
The Health Sqyre Platform
Our online marketplace seamlessly connects DME providers to patients who need
to buy CPAP supplies, and provides tools for easy online insurance and/or cash purchases.
Selected by Incubator.
1st DME Seller Joins Platform.
Formed Advisory Board.
News Article Written About Health Sqyre.
Expanded team to 4.
Secured initial seed funding.
Expanded team to 6.
Daily user signups / pre-launch traffic.
Launching Beta Site.
Patients have a difficult time finding the medical supplies they need and finding providers that work with their insurance, offer competitive pricing, and provide satisfactory customer service.
Online marketplace for medical supplies with real-time assistance, transparent pricing, and shopping tools to empower patients.
Difficult to Buy Online Using Insurance
Sellers that work with insurance rarely have the option for customers to buy products online using their insurance.
Sellers that work with insurance often have opaque pricing, leaving patients mystified and victims to overinflated pricing.
Cash vs. Insurance?
Patients typically do not understand when to pay out-of-pocket or use their health insurance, resulting in overspending.
Buy Online Using Insurance
Provides patients an easy way to compare out-of-pocket vs. insurance prices, shop for, and purchase medical equipment online using their insurance.
Offers patients transparent, real-time insurance information and dynamic pricing that changes based on the patient's health insurance coverage.
Extensive Seller Network
Variety of non-insurance sellers and insurance sellers that are in-network with various third-party insurance providers so patients get the best price.
U.S. Durable Medical Equipment Expenditures
Favorable Market Dynamics
Increase in Online Retail Shopping
U.S. online sales continue significant growth compared to retail as 8 in 10 Americans are now shopping online.
Aging Population / High Obesity Rates
1 in 5 Americans will be 65 and over by 2030. Currently, 36% of adult Americans are considered obese.
Consumers Increasingly Using Digital Health Services
Consumer use of digital health tools has increased by 500% over the last year and 88% of consumers use at least one digital health service.
Use of Funds
Site Enhancements / Increased Functionality
Add DME Provider Partnerships
Roll-out Additional DME Product Verticals
Expand Distribution Channels
Founder / CEO
Andrew has in-depth experience in e-commerce and the DME industry and has worked with patients of all kinds in order to truly address their needs.
Mike has vast experience founding and building digital consumer-facing companies with a knack for relating to consumers.
Billing and Claims Manager
Former Billing and Claims Executive at Sleepmed Therapy. Aileen knows the DME industry inside and out.
Former Marketing Director at Havenly and Craftsy. Blair is seasoned at implementing and executing various marketing strategies for e-commerce sites.
Connor is a resourceful engineering talent who has been practicing his craft since he was 12 and has an extensive e-commerce pedigree.
Derek is a hustler extraordinaire and assists in all facets of Health Sqyre’s business from operations and customer support to marketing.
Former VP of Infrastructure at Craftsy. Matthew has an extensive technical skillset that was integral to Craftsy and Home Advisor.
Operations / Investment Adviser
Healthcare venture capitalist. Gino is exceptional at raising capital and has extensive experience in healthcare.
E-Commerce / Operations Adviser
Former COO of Amazon Textbooks. Todd is well-versed in all things e-commerce and marketplace related.
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about this exciting opportunity.
about this exciting opportunity.