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Healthynox

Healthynox — A data-driven Mental Health Platform

USA, Massachusetts
Market: Internet and IT, Telecommunications, Another, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 17.06.2020
Min investment
$  25.000
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Total required
$ 500.000
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Idea

Healthynox is a team of young & ambitious entrepreneurs, product experts, clinicians, growth marketers, and engineers with a combined vision to improve access to mental health services in the US.

Healthynox created a data-driven Mental Health Platform built for colleges and enterprises to provide their members with secure, scalable, and tailored full-spectrum therapy services.

Healthynox is positioned as a leader in this current market situation, experiencing hyper-growth, and is poised to develop the paragon of Mental Health Treatment for a POST-COVID-19 world.

Current Status

We have developed a solid, fully functioning MVP and are currently in negotiation level discussions with a potential pilot customer. This customer is a Palo Alto-based IT firm with 4500 employees, and our platform would be rolled out to a segment of their workforce that represents 450 employees.

We are also in early-stage conversations with several large-sized universities and enterprise agencies to initiate pilots.

Problem or Opportunity

300 million people globally suffer from depression and anxiety annually according to the World Health Organization. In the United States alone, 1 in 5 U.S. adults experience a mental illness each year and due to stigmatization and lack of accessibility, most of such illnesses prevail without diagnosis and treatment.

We started Healthynox to help address the catastrophic crisis in mental health care nine months ago, and especially in light of recent global events, our mission to make access to therapy services easy and accessible is more important than ever before.

Solution (product or service)

Within the enterprise sectors that we are targeting, mental health services use outdated and antiquated processes, if at all, and have not been designed to reflect contemporary consumer expectations and behaviors. Status quo systems also suffer from administrative & managerial bottlenecks as well as voids in data that could otherwise provide valuable insights into how environments, structures, and cultures impact the mental health & wellbeing of constituents in an organization. As it stands right now, most organizations lack an internal mental health offering, and businesses suffer from massive productivity losses as a result of mental disorders suffered by their members.

We developed Healthynox to help alleviate mental health challenges suffered by members within organizations and to aid such organizations with data insights that provide guidance and direction into how to optimize relationships with their members.

Competitors

Talkspace | Raised $106m | Founded 2012 | B2B, B2C focus
https://www.talkspace.com/


Modern Health | Raised $42 | Founded 2017 | B2B, Workforce focus
https://www.joinmodernhealth.com/


Presence Learning | Raised $64m | Founded 2009 | K-12 Market
https://www.presencelearning.com/


Quartet Health | $159m | Founded 2014 | Providers, B2C, B2B focus
https://www.quartethealth.com/


Sondermind | Raised $33m | Founded 2014 | B2C focus
https://www.sondermind.com/


Lyra | Raised $178m | Founded 2015 | B2B focus
https://www.lyrahealth.com/


Healthynox | Founded 2019 | College & University Focus, SaaS Model
https://www.healthynox.com/

Advantages or differentiators

Whereas other competitors provide a more specific solution, Healthynox delivers a holistic treatment product. We differentiate our offering by targeting the undeserved College & University market which our competitors have not addressed. We also differentiate by leveraging a SaaS recurring revenue model, unlike most of our competitors that utilize a transactional approach based on licenses issued and therapy services offered. Our offering includes the augmentation of telehealth sessions with objective data taken not only at the time of the visit but over time showing our real picture of health over time.


Money will be spent on

Funds to be allocated directly to product development and customer acquisitions.

Team or Management

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