VS Digital Health Launches Telemedicine Solution That Helps Companies Launch A D2C Healthcare Brand In All 50 States

Rhea-AI Summary

Victory Square Technologies (CSE:VST, OTC:VSQTF) has announced the launch of VSDHOne, a telemedicine platform developed by its subsidiary VS Digital Health, in collaboration with Hydreight Technologies and DSV Global. This platform allows companies to establish a direct-to-consumer healthcare brand across all 50 states quickly and affordably. VSDHOne is designed for a range of businesses, from MedSpas to pharmaceutical brands, offering services such as personalized healthcare treatments and eCommerce solutions. The platform supports a seamless integration with existing infrastructure, providing nationwide access to medical and pharmacy networks. This initiative aims to bridge the healthcare access gap, especially in underserved areas, and cater to the growing demand for virtual care.

Positive

• Launch of VSDHOne platform in all 50 states.
• Quick establishment of D2C healthcare brands, reducing setup time from months to days.
• Cost-effective solution for businesses looking to enter the healthcare market.
• Partnership with Hydreight Technologies and DSV Global enhances credibility.
• Comprehensive service offerings including GLP-1s, peptides, and personalized treatments.
• Access to a nationwide network of doctors and pharmacies.
• Supports various healthcare businesses like MedSpas, pharmaceutical brands, and diagnostics companies.
• Addresses the issue of healthcare access in underserved regions, benefiting approximately 30 million Americans.
• Ability to provide tailored care programs for specific health conditions.

Negative

• Potential for market saturation as many startups enter the virtual care space.
• Dependence on the successful integration of technology from multiple partners.
• Operational challenges in maintaining compliance and legal frameworks across all 50 states.
• High initial investment costs for setting up the platform infrastructure.
• Uncertainty in adoption rates amongst traditional healthcare providers and consumers.

• VS Digital Health is launching this healthcare platform in partnership with Hydreight Technologies and DSV Global
  
• The platform is called VSDHOne (Read as VSDH-One)
• VSDHOne simplifies the entry challenges for MedSpas, Health & Wellness Entrepreneurs, Retailers, Pharmaceutical Brands, Labs and Diagnostics Companies to enter the online healthcare space compliantly
• DSV global is going to use VS Digital Health and Hydreight’s Technology and infrastructure to help companies launch a Direct-to-Consumer (D2C) healthcare brand in a matter of days in all 50 States.
• Compliant offerings include: GLP-1s (Semaglutide, Tirzepatide), Peptides, Personalized Healthcare Treatments, Sermorelin, TRT, Hair Loss, Skincare, Sexual Health and more
  

VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investor access to a portfolio of 25+ innovative companies from around the world in a single stock, in partnership with Hydreight Technologies Inc. (“Hydreight”)(TSXV: NURS)(OTCQB: HYDTF)(FSE: SO6) and DSV Global, is pleased to announce that its wholly owned subsidiary VS Digital Health (‘VSDH’ or the ‘Company’) is launching a fully-featured end to end telemedicine platform that helps companies launch a direct-to-consumer healthcare brand - and do it in days rather than months at a fraction of the cost in all 50 States. The platform is called VSDHOne (Read as VSDH-One).

VSDH and Hydreight have been building out the infrastructure for a “Telehealth 2.0” solution with an eye toward working with nontraditional players like: MedSpas, Health & Wellness Entrepreneurs, Retailers, Pharmaceutical Brands, Labs, Diagnostics companies and various other healthcare companies.

The company in partnership with DSV Global and Hydreight has built an end-to-end virtual care platform powering direct to consumer healthcare businesses. The VSDHOne integrated solution allows companies to launch a Nationwide direct-to-consumer healthcare brand in a matter of days at a fraction of the cost without worrying about building telemedicine and eCommerce technology, access to a Nationwide Doctor and Pharmacy Network, Medical direction, oversight, compliance and a Medical Legal framework in all 50 States. VSDHOne can also offer tailored care programs, such as for Women’s health, Men’s health or condition management (ie. Obesity, Diabetes). With the marriage of virtual and in-facility healthcare 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 startups 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, CEO 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:

• eCommerce Platform
  
• Telemedicine Technology
  
• Booking and Scheduling Technology
  
• Membership management Technologies
  
• Nationwide Doctors Network in all 50 States
• Pharmacy Network and Fulfillment Partners
  
• Medical Direction
• Medical Legal Structure
  
• Payment Processing
  

“We are bringing this advanced platform to the market to support some of the most innovative companies in healthcare,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. “With this partnership, our goal is to provide a seamless platform for companies to create consumer-centric healthcare experiences. Despite many companies reducing their technology investments, we are doubling down because we recognize the growing demand for convenient and personalized healthcare.”

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. The Nationwide rollout of the VSDH-One platform marks a crucial step towards 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 favorite 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 VSDHOne platform offers a unified, scalable, and cost-effective solution for virtual care delivery, revolutionizing access to healthcare.”

Recent Investor Webinars:
Victory Square Technologies Investor Q&A Webinar with CEO Shafin Tejani
Victory Square Technologies Portfolio Company Hydreight Technologies
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On behalf of the Board of Directors

“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com

For further information about Victory Square, please contact:

Investor Relations Contact – Abbey Vogt
Email: ir@victorysquare.com
Telephone: 604 283-9166

Peter Smyrniotis – Director
Telephone: 604 283-9166

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our corporate portfolio consists of 25+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

For investors, we offer a liquid way to invest in some of the world’s most innovative early-stage technology companies without buying a venture fund that requires accredited investor status or multi-year commitments. It also can be purchased by non-accredited investors who are restricted from buying venture funds. Our portfolio provides a uniquely liquid, and transparent way for investors to get access to the latest technologies and emerging global trends. It is an excellent way to diversify into early-stage venture.

VST invests primarily in leading edge technology, such as artificial intelligence (AI), machine learning (ML), digital health, blockchain, gaming and climate tech, which provide the potential for high growth and returns.

Victory Square integrates a strong ESG (environmental, social and corporate governance) component throughout its operations. Our portfolio highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries. We are also dedicated to giving back to the communities in which we serve and operate. The Company’s mandate is to assist organizations through its time, talent and treasure. The Company is committed to organizations that provide services in the youth, mental health, special needs, sport, tech, education, marginalized groups, First Nations, and accessibility sectors.

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.

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FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square and its portfolio companies, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and portfolio companies, including those items listed under the heading “Net Asset Value (“NAV”) Update”, “Notable Portfolio Highlights”, Hydreight Profitibility, and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, “objectives”, “outlook” or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Although Victory Square believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Victory Square’s control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Victory Square which are available under the Victory Square’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

FAQ

What is the VSDHOne platform by VS Digital Health?

The VSDHOne platform is an end-to-end telemedicine solution enabling companies to launch direct-to-consumer healthcare brands quickly and affordably in all 50 states.

Which companies are partnering with VS Digital Health for VSDHOne?

VS Digital Health is partnering with Hydreight Technologies and DSV Global for the VSDHOne platform.

What services does the VSDHOne platform offer?

VSDHOne offers services including GLP-1s, peptides, personalized healthcare treatments, skincare, sexual health, and more.

How quickly can companies launch a healthcare brand using VSDHOne?

Companies can launch a direct-to-consumer healthcare brand in a matter of days using the VSDHOne platform.

What are the benefits of the VSDHOne platform for healthcare businesses?

The VSDHOne platform provides a cost-effective, compliant, and quick solution for launching healthcare brands, with access to nationwide medical and pharmacy networks.

How does VSDHOne address healthcare access issues?

VSDHOne aims to improve healthcare access by providing quality care in underserved regions, particularly benefiting the 30 million Americans in healthcare deserts.