The Peer Support Solutions offering is now closed and is no longer accepting investments.

Peer Support Solutions

The innovator in online peer support

Peer Support Solutions

The innovator in online peer support

Pasadena, CA
Health Tech
Peer Support Solutions is in the business of healthy personal journeys. We deliver more affordable, engaging, and impactful ways for peers to connect and learn from each other.

$49,066

raised
19
Investors
$6.11M
Valuation
$0.27
Price per Share
$269.73
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$49,066

raised
19
Investors
$6.11M
Valuation
$0.27
Price per Share
$269.73
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on May 01, 2022 and is no longer accepting investments.

Reasons to Invest

Organizations are turning to lower-cost health care services. Virtual peer support offers a 50% cost savings relative to fees charged by therapists and counselors
Customers want access to population health management analytics from their health benefit providers - We offer unique tools designed for clients such as employer assistance programs, large employers, health care plans, and others to easily monitor and report on utilization and wellness outcomes associated with their peer support groups.
Rapid Growth - Our revenue grew by 244% in 2020 as compared to 2019.

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!



Offering Summary


Company

:

Support Groups Central, Inc.

Corporate Address

:

530 S. Lake Avenue, Suite 766, Pasadena, CA 91101

Offering Minimum

:

$9,999.99

Offering Maximum

:

$1,069,998.93

Minimum Investment Amount

(per investor)

:

$269.73











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

37,037

Maximum Number of Shares Offered

:

3,962,959

Price per Share

:

$0.27

Pre-Money Valuation

:

$6,105,722.76











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.

--------------------------------------------------------------------------------------

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

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$57,295.00 USD
$4,675.00 USD
Cash And Cash Equivalents
$41,466.00 USD
$1,644.00 USD
Accounts Receivable
$12,896.00 USD
$2,781.00 USD
Short Term Debt
$69,109.00 USD
$36,747.00 USD
Long Term Debt
$98,181.00 USD
$55,053.00 USD
Revenues And Sales
$312,787.00 USD
$128,278.00 USD
Costs Of Goods Sold
$60,353.00 USD
$38,370.00 USD
Taxes Paid
$1,816.00 USD
$1,851.29 USD
Net Income
-$24,870.00 USD
-$25,138.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

HeyPeers Launches New Service for Teachers

about 2 months ago

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

Postpartum Support International Added to HeyPeers Platform

about 2 months ago

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.

Notice of Material Change in Offering

2 months ago

[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.

A Peer Supporter Discusses Her Work

5 months ago

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.

Our Work with the Christopher & Dana Reeve Foundation

5 months ago

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.”

$105K+ Contract Renewal and Payment

5 months ago

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.

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