Prediction Not checkable as stated
Prasad: HBox patient additions will jump from 300 to 1,000 monthly within four months
“Once they start the engine, that 300 patients per month will go to thousand patients per month in the next three to four months, which drastically increases our working capital need.”
Prediction Not checkable as stated
Prasad: HBox will reach nearly $3M ARR by end of 2022
“Yeah, but the current, we will be reaching close to three million ERR by end of this year. So it's next another four to four, four, four to five months.”
Disclosure
HBox: Smart kit hardware costs around $200 per unit landed
“So we, for us landed, it comes to close to 200 dollars landed in.
So we do, these are customized, even though they are standardized product, it's a branded HBox
and we work with certain, so volume commitment and so on.
So the total cost for us is around 200…”
Disclosure
HBox charges clinics $60 to $79 per patient monthly
“We charge per patient on a per month basis, any way between, depending on the volume of the clinic, any way between 60 to 79 dollars per patient per month.”
Assertion Partly supported
Medicare reimburses physicians $140 to $200 monthly per monitored patient
“Medicare reimburses anyway between 140 to 200 dollars per patient per month for you as a physician, and we help that process as well. We make the claims, we get the reimbursement for you as a physician.”
Assertion Not checkable as stated
Prasad: HBox reaches $1.4 million ARR across nearly 100 providers
“Today on our platform, we have close to a hundred providers, what we call physicians, and we are generating our ARR right now is 1.4 million.”
Assertion Not checkable as stated
Prasad: HBox raised $800,000 on a $30 million valuation cap
“And that's also on safe note and thirty million valuation cap. And we have raised another 800 K.”
Assertion Not checkable as stated
Prasad: HBox scaled from $100k ARR following April 2021 launch
“Yeah, it was around a hundred K. We just started. So the company, the first commercial launch with a clinic was happened last year, April.”
Assertion Not checkable as stated
All 100 HBox providers were acquired via customer referrals
“So all of the hundred providers that we have on our platform is through referrals from existing our customers. So we don't have a single sales Person, not a team that is going after.”
Assertion Not checkable as stated
HBox has zero churned clients in its first year
“We haven't lost a single client so far.”
Assertion Not checkable as stated
Prasad: HBox processes up to $350,000 monthly in Medicare claims
“So we are processing close to 303 150 K per month of claims.”
Assertion Supported
Prasad: 40 million Medicare patients with chronic conditions can use remote diagnostics
“In Medicare, there are close to forty million patients with chronic conditions that can be prescribed this solution.”
Disclosure
HBox commits to 3,000 unit manufacturing runs for low unit costs
“So anything between, it depends on the iPad volume, social medical devices.
It's somewhere around 3000 units.”
Assertion Not checkable as stated
Prasad: HBox has deployed around 1,800 patient kits
“Totally it's around 1800 right now.”
Disclosure
HBox employs nine engineers in India, remainder in the US
“Around nine people all are in India. Our R and D team is in India, but the rest of the team what we call as a customer success and care coaches, which are medical clinical staff are all based out of us.”
