Prasad: HBox patient additions will jump from 300 to 1,000 monthly within four months
Banu Prasad · HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model · Aug 28, 2022 · at 20:42
Banu Prasad is the founder of HBox, explaining working capital needs and new provider onboarding.
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“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.”
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More from Banu Prasad
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.”
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…”
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.”
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.”