ValorWell is a groundbreaking virtual mental health service provider dedicated to serving veterans and their families. We are the first nationwide company to accept CHAMPVA and VA Community Care directly, eliminating financial barriers and simplifying the process for our clients.
Our mission is to bridge the critical gap in mental health care for veterans and their families. With approximately over 24 millions veterans and their family members facing difficulties accessing mental health services, ValorWell is positioned to make a significant impact in this underserved market.
ValorWell was born from a deeply personal experience. Founders Lucas and Nichole Predmore faced their own struggles in securing affordable mental health support for their family. Confronted with the challenges of finding therapists who accepted CHAMPVA and dealing with lengthy reimbursement delays, they recognized a critical gap in care for veterans and their loved ones. This experience ignited a passion to create a solution that would simplify access to mental health services for the military community. Thus, ValorWell was formed – a beacon of hope in a landscape where mental health support often falls short.
Business Model: We utilize an integrated technology stack to efficiently manage client onboarding, scheduling, therapy sessions, billing, insurance claims, and follow-up care. Our platform provides immediate access to licensed mental health counselors, ensuring that individuals can receive support when they need it most.
Key features of our service include:
- Direct billing with all VA insurance types
- Telehealth services accessible nationwide
- Specialized care for veterans and their families
- Integrated technology for seamless patient experience
Customers: Our primary customers are CHAMPVA beneficiaries, VA Community Care patients, and veterans without VA benefits. We're also expanding to serve Tricare family members.
Products:
- Virtual counseling sessions
- Upcoming: Psychiatry services
- Upcoming: Speech Language Pathology
Team and Credentials:
- Lucas Predmore (CEO): Army veteran with experience in healthcare management and as a direct provider.
- Nichole Predmore (Vice President): Corporate Compliance Manager
Financial Projections:
- 2024: $247,050 revenue, $9,766 net profit
- 2025: $8.8M revenue, $2.1M net profit
- 2026: $52.1M revenue, $12.2M net profit
We've developed strategic partnerships with organizations like Swords to Plowshares and Veterans Community Project. These partnerships enhance our ability to serve the veteran community comprehensively. We are also working directly with VA Mental Health Facilities to help manage their overflow.
Funding Requirements: We are seeking $150,000 in funding to accelerate our growth and impact. The funds will be allocated as follows:
- Technology Infrastructure: $55,000
- Marketing and Customer Acquisition: $15,000
- Operational Expansion: $20,000
- Working Capital Reserve: $60,000
ValorWell is not just changing lives – we're saving them, one hero at a time. By investing in ValorWell, you're supporting a mission-driven company with a clear path to profitability and a commitment to serving those who've served our nation.
Please view our entire pitch deck here
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