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GET A PIECE OF PEER SUPPORT SOLUTIONS
The innovator in online peer support
REASONS TO INVEST
TEAM
Vincent F. Caimano • CEO & Co-Founder
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Joshua Roberto • Chief Product Development Officer & Co-Founder
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Roger G. Brook • Chief Business Development Officer
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Overview
Bringing community-based healing to a strong market demand
It’s one thing to struggle with a health issue that threatens your well-being. It’s another thing to go on that journey alone.
Peer Support Solutions gives people a community that assists and empowers people to conquer their emotional and behavioral health care challenges. We provide web and mobile video-based online peer support services for those facing emotional and behavioral health challenges, chronic illnesses, and rare diseases. Our solutions help make peer support more accessible and impactful.
#1: Support Groups Central is optimized to provide scheduled peer support groups. SGC provides a variety of tools and options for organizations to easily serve members and measure outcomes.
#2: HeyPeers is a customizable peer-to-peer video and chat support platform with additional ways for individuals to connect and assess their progress. It offers employee assistance programs, employers and healthcare organizations both SaaS and turnkey options. We are in the process of consolidating all of our users onto HeyPeers.
Our current 113,000+ end-users on our platforms include employer benefit programs, non-profits, and independent certified peer support coaches. The revenues from those users grew by 244% in 2020.
We intend to grow our user base as the market demand rapidly increases. The Behavioral Health market was valued at $68.79 billion in 2020 and is projected to grow at a 3.6% compound annual growth rate between 2021 and 2028.
THE PROBLEM
Alarming increases in mental health afflictions, treatment costs, and wait times
More people are feeling down, bringing the market demand and difficulty of treatment dangerously up.
Demand has a deeper meaning in the behavioral health market. We hope that the services sought out by our target audience will make a stronger personal impact than most businesses.
There are real consequences for consumers if demand skyrockets out of their reach. The first is long wait times. It’s normal to wait three to four weeks for a therapy appointment in the U.S. Secondly, the shortage of therapists make clinical services more costly, and out of reach for more individuals.
The pool of people struggling with these setbacks is growing.
41% of U.S. adults experienced anxiety and depression in January 2021, which is a 400% increase since 2019. Three in five Americans reported feeling lonely in 2019. Loneliness can be more harmful than obesity and as unhealthy as smoking 15 cigarettes a day.
Social isolation sets in quickly and increases the likelihood of dying by about 30%. People are hesitant to seek help because of stigma and the false belief that their problems are unique. They also view professional peer support as too expensive.
THE SOLUTION
Low-cost peer support scalable enough to meet market demand
Our peer support software platform provides a scalable, low-cost, and enterprise-quality solution for a broad range of behavioral and emotional health care challenges. The business model is recurring annual SaaS fees, peer support session utilization fees, and turn-key peer support network fees.
The American Psychiatry Association is quoted saying “Peer support is an essential component of recovery-oriented systems of care. It offers advantages in outreach and engagement, provision of hope, coaching and modeling, recovery skill building, and system navigation. Peer support services have been found to enhance outcomes in a wide variety of service settings and programs...”
We believe we have an advantage over our competitors by addressing multiple behavioral and physical health markets with our design–– creating a larger addressable market. Our software incorporate the use of a low cost / high quality video engine, enabling HeyPeers to deliver high-volumes of low-cost meetings.
Peer Support Solutions is recruiting and engaging more peer supporters in our network to meet demand. There are approximately 35,000 peer supporters in the U.S. We have in place effective and efficient, recruiting and management systems that we expect to allow us to scale our operations while maintaining the quality of our services.
We are committed to quality. HeyPeers curates trained and certified peer supporters and we support them. Participants are matched with the best resources available.
THE MARKET
A $68.79 billion market and workforce projected for rapid growth
Peer Support Solutions competes in the behavioral health market, which was valued at $68.79 billion in 2020. The market is projected to grow from $77.62 billion in 2021 to $99.40 billion in 2028. It will grow at a 3.6% compound annual growth rate (CAGR) in the forecast period.
Primary care providers need help. Two-thirds of U.S. providers expressed having trouble finding mental health specialists to refer their patients to. There are not enough specialists currently available to meet the demand. Peer support is expected to grow to be 20% of the behavioral health workforce by 2025.
Peer Support Solutions goes beyond the industry players by providing support with group video meetings, supporting those with not only behavioral health challenges but those with co-morbidity associated with chronic illnesses and rare diseases. In addition, our technology is built to integrate easily with client applications via our growing pool of documented APIs. Lastly, we believe our tools such as population health analytics and configurable onboarding and survey technologies provide a competitive advantage.
OUR TRACTION
244% increase in revenues in 2020 and end-user growth in 2021 from 82,915 to 113,681+
Our revenue grew by 244% in 2020 to $313,000. Other highlights include:
- $364,320 in recurring revenue
- 37% increase in subscribers YTD
- 28 organizational customers and 70 Certified Peer Specialists subscribers offering services directly to the public
- Currently conducting 1,400+ monthly support meetings
Our services have been shown to reduce:
- Depressive symptoms by 33%
- The use of urgent care by 48%
- Emergency room visits by 50%
- Re-hospitalizations by 69%
And we continue to achieve extremely high customer ratings! From one service we have offered participants provided this feedback:
- 93% agreed that “Their meeting was helpful.”
- 95% said that “They would recommend our services to others.”
WHY INVEST
We envision ourselves as the “go-to” B2B peer support platform
Our company aims to be the first choice for organizations seeking to deliver peer support to their members or employees.
We hope that Peer Support Solutions will continue to accelerate growth by offering more tools that improve user experience, expand user access, and add revenue sources. We want to become the largest virtual peer support platform in the industry and the leading alternative to traditional teletherapy.
Value-based care and cost reduction initiatives like ours are gaining ground. Digital peer support is going to disrupt the market. There's a successful shift in health care spending waiting in the queue.
We need your help to accelerate our growth in this market going through disruption. We have an investment plan with the goal to acquire more large clients, create barriers to competitors, and improve margins. Your investment will help position us as an excellent acquisition candidate for larger telehealth companies that will want to add peer support to their services portfolio.
Peer over your shoulder in any public setting to recognize our target market. One out of every five Americans you see is struggling with mental illness.
To invest in our company is to invest in the betterment of your peers. Let’s make an impact on the emotional and behavioral health of their lives. Join us!
ABOUT
HEADQUARTERS
530 S. Lake Avenue, Suite 766
Pasadena, CA 91101
WEBSITE
View Site
TERMS
Peer Support Solutions
Overview
PRICE PER SHARE
$0.27
DEADLINE
May. 1, 2022 at 6:59 AM UTC
VALUATION
$6.11M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$269.73
MAX INVESTMENT
$106,999.92
MIN NUMBER OF SHARES OFFERED
37,037
MAX NUMBER OF SHARES OFFERED
3,962,959
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Perks
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Tier 1 - Invest $540, and recieve 5% bonus shares.
Tier 2 - Invest $1,080, and recieve 7% bonus shares.
Tier 3 - Invest $3,240, and recieve 10% bonus shares.
Tier 4 - Invest $6,480, and recieve 15% bonus shares.
*All perks occur when the offering is completed.
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The 10% StartEngine Owners' Bonus
Peer Support Solutions will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of PSS Common stock at $0.27 / share, you will receive 110 shares, meaning you'll own 110 shares for $27. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Irregular Use of Proceeds
ALL UPDATES
04.04.22
HeyPeers Launches New Service for Teachers
NEW K-6 Teachers Support Group Wed 7:30ET
Teaching Through Trauma sessions are safe, judgment-free peer support video meetings for educators. We acknowledge the harmful effects systemic educational policies have on our professional community. Join us for encouragement, mental wellness, and coping strategies designed for the unique needs of the modern educator. Each session will include a topic for discussion as well as ample time for participants to talk about whatever is most helpful to them. The meetings in this series are "drop-in" - you can register for one at a time. This inaugural program is being offered for free. Register for your first meeting today!
https://lnkd.in/gyG_QgR2
03.25.22
Postpartum Support International Added to HeyPeers Platform
We are pleased to announce that Postpartum Support International has transitioned its services from our old platform to HeyPeers.com. Using our services, PSI is providing more than 110 meetings a month reaching individuals in over 120 countries.
03.21.22
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Peer Support Solutions offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
01.07.22
A Peer Supporter Discusses Her Work
This one-minute video from our client, Emotions Matter, will help you understand the role and impact of the Peer Supporters who facilitate groups on our platforms.
01.06.22
Our Work with the Christopher & Dana Reeve Foundation
The Christopher & Dana Reeve Foundation launched its virtual support groups on the HeyPeers platform to combat social isolation. The groups are offered through the Foundation’s National Paralysis Resource Center (PRC).
“The feeling of isolation is common for many individuals who have been diagnosed with paralysis, and the COVID-19 pandemic has not helped this sense of seclusion,” said Bill Cawley, Director, Peer & Family Support Program. “However, COVID-19 has shifted the way the world connects, and distance is no longer an obstacle. We can utilize this ‘new normal’ and create a safe space for people to connect with others who understand what they are going through and gain support, insight and guidance.”
Living with Paralysis and Caring for a Family Member Living with Paralysis support groups are free online meetings designed for individuals living with paralysis and caregivers to connect with community members, offer support to one another and reduce feelings of isolation. The groups offer significant connection among peers who understand the day-to-day challenges of living with paralysis. The program features three separate support groups for individuals who are:
- Living with paraplegia;
- Living with quadriplegia; and
- Family members and caregivers.
“We are excited to have the Foundation join our HeyPeers platform community”, said Vince Caimano, CEO of Peer Support Solutions. “HeyPeers has seen demand for safe, affordable, and effective peer support telehealth rapidly grow since the start of the Pandemic. The impact on emotional, mental, and behavioral health has been severe, and HeyPeers was designed to enable those with shared life experiences to connect and to have a structured program to improve their lives.”
12.29.21
$105K+ Contract Renewal and Payment
We are pleased to announce that we have successfully negotiated and renewed a$104,839.50 agreement for 2022 services with a major client. It covers a baseline of services. Additional services will be provided and billed for on a monthly basis as needed. The agreement was signed and paid.
We're glad that you are now part of our team and share in the accomplishment of this successful milestone. Please share our story with your friends and family by sending them this link to our campaign.
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$540
Tier 1 - $540+
Invest $540, and recieve 5% bonus shares.
$1,080
Tier 2 - $1,080+
Invest $1,080, and recieve 7% bonus shares.
$3,240
Tier 3 - $3,240+
Invest $3,240, and recieve 10% bonus shares.
$6,480
Tier 4 - $6,480+
Invest $6,480, and recieve 15% bonus shares.
JOIN THE DISCUSSION
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Mr.Jan Wong
3 years ago
Hello VIncent, Happy New Year to you and your family. Thank you for replying back to me. I already invested yesterday and I have not gotten approval from you for the verification of documents or whatsoever. Can you tell me if you are going to start to publicize your agency or it is for private only? Your input is greatly appreciated. Mr. Jan W
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Mr.Jan Wong
3 years ago
Hello, I am looking and considering investing in your agency however, I need you to provide me with more detailed information regarding the Peer Support Solutions. At first, I am very happy that you guys decide to set up an agency for most people who desperately need help. I am wondering if you provide for people with communication barriers such as a deaf person who needs help from you and have a reasonable accommodation such as ASL interpreters. Do you have any thoughts about this? I also want to know what benefit will I get if I decide to invest? Your input is greatly appreciated. I am deaf by the way Mr. Jan Wong
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Ted Thomas
3 years ago
I have really enjoyed my work with Vince and Peer Support Solutions. I started back in 2016 as a group facilitator. Since then, my role has expanded to client support and lead trainer. However, I continue to facilitate several support groups weekly. I'm grateful and honored to carry on this vital and valuable work.
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Minh Le
3 years ago
Is there a plan for peer support to general public instead of just employees?
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Varun Gupta
3 years ago
Can you please provide YTD revenue and projected revenue for 2022?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Mr.Jan Wong
3 years ago
Hello, I am wondering when will the fund close?
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