The Ledger
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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.”
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.”
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.”
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.”
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.”
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.”
Prasad: HBox processes up to $350,000 monthly in Medicare claims
“So we are processing close to 303 150 K per month of claims.”
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.”