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Invest in Voi

We save lives by reducing suicides

Pitch Video
Investor Panel

Highlights

1
Our product is 98% accurate in detecting imminent suicide risk - we can save lives!
2
The Joint Commission selected our instrument as a validated/evidence-based suicide risk screener!
3
Suicide prevention TAM is over $3B - no competition offering detection, intervention and support
4
Traction with military/corrections - executing contracts with USAF, National Guard units, and VA DOC
5
Traction with hospitals - providing remote mental health services to all Montana hospitals
6
$14.7M raised prior to Wefunder from Polaris, True Ventures, Felicis Ventures, and Scrum Ventures
7
Founding team of military veterans, successful entrepreneurs, and leading behavioral health experts
8
Participating in 2021 MassChallenge accelerator program

Our Team

Our CEO served 34 years in the military as a squadron and group commander and the Vice and Chief of Staff of Marine Forces Reserve (100,000 Marines and Sailors) and witnessed first hand the devastation suicides had on loved ones, friends, and fellow Marines and Sailors. Upon retirement, he vowed to help prevent suicides.

Our Pitch Deck

"As a busy practitioner, I appreciate the accuracy, efficiency and convenience of Voi Detect SERAS. The AI algorithm is fully as valuable as having a co-consulting colleague in the exam room with you and the patient. This technology is a tremendous clinical asset routinely … and an absolute ‘must’ in high-stakes cases where timely, sound decision-making support is desired." - David R. Winemiller PhD LLC

Voi is a behavioral healthcare technology company delivering empirically-validated solutions that address the needs of those at risk for suicide and other behavioral health issues, as well as those who care for them.

Voi is mission-focused on delivering the most comprehensive, innovative solutions to help hospitals and health systems, government agencies, educational institutions, families, and communities detect, intervene, support, and care for people at risk for suicide and living with behavioral health issues. We will accomplish our mission by expanding the use of our A.I.-driven, validated detection and prevention tools called Voi Detect and Voi Reach.

As a U.S. Marine Corps leader for 30 years, Voi's CEO Rick Johnson has seen first-hand the devastating impact that untreated mental health issues can have on individuals and their loved ones. He is confident that with sufficient detection and effective treatment of mental health issues that we can dramatically reduce suicide rates.

Nearly everyone has been impacted by the tragedy of suicide. We are inviting you to be a part of our team tackling suicide in America and around the world.

Suicide is a huge problem in the US and Covid-19 has made it even worse.

  • 132 Americans will commit suicide today
  • 1.4M Americans attempted suicide last year
  • second leading cause of death for people between the ages of 15 and 24.

Suicide numbers are even worse in the military, our veteran population and in prisons and jails.

  • 18 civilians per 100,000 commit suicides while 24.8 service members and 27.7 veterans per 100,000 commit suicides
  • Suicide rates in correctional facilities are 3.5X higher than in the US population
  • Billions of dollars have been spent to reduce suicide in the military, our veteran population and in jails and prisons, but rates have only increased

The military, the VA, and corrections require quick, scalable, & accurate ways to identify and support high-risk individuals.

One of main reasons the U.S. has failed to reduce suicide rates is because current solutions are inadequate and outdated. To identify suicide risk many organizations still rely upon paper assessments scanned into a health record. Assessments are not validated for imminent risk but instead are designed to determine overall, lifetime risk of suicide (such as the Columbia suicide screener or the PHQ-9). For suicide prevention, many organizations have no effective programs in use, or they may use the “caring contacts” model whereby medical providers send postcards to patients to let them know they are not isolated and alone.

Voi spent years developing state-of-the-art technologies to accurately predict & prevent imminent suicide. Our prediction solution is called Voi Detect, and our prevention solution is Voi Reach.

Voi Detect - A published, peer-reviewed, AI-informed imminent suicide risk assessment that is proven to be as accurate as a psychiatrist.

Voi Reach - The human and AI-powered experience that engages both a trained coach and friends/family for real-time intervention to move the caring contact model into the 21st century.

Voi Detect allows the administrator to quickly and accurately identify a patient's risk of suicide in the next 72 hours. The algorithm replicates the expert judgment of a psychiatrist. It takes less than two minutes to complete, is reimbursable, requires no training, and is HIPAA-compliant. Most importantly, scoring is based on a logic learning node, so if it receives outcome data from a health record, the algorithm learns and can ultimately out predict even psychiatric judgment.

Our assessment was just selected by The Joint Commission (the organization that accredits most US hospitals) as one of a handful of accredited/evidence-based suicide risk screeners!

After identification of risk, Voi leverages Voi Reach. Voi Reach is the first, and only, app to continuously monitor for imminent risk by using natural language processing and artificial intelligence. A coach, augmented by this AI, can manage up to 250 patients and their natural support networks and provide educational materials, remote assessments, guidance, and if necessary, conduct a rescue within 5 minutes of a risk status change.

With the widespread adoption of our platform, Voi is confident that we can reduce suicide rates. This is in part due to our strong and experienced team. Rick Johnson graduated from the US Naval Academy 1985 and served as an aviator in the US Marine Corps for 30 years retiring as a Colonel in 2015. He also graduated from the Fletcher School of Law and Diplomacy and Vermont Law School in 1997 and the US Naval War College in 2004. Rick has served as an assistant attorney general in Vermont and led The Dartmouth Institute – a health policy think tank and created the Dartmouth-Hitchcock Medical Center’s Innovation Center.  Rick has 36 years of experience leading complex organizations. Jim Bullion is a 30-year Army officer who has considerable operations, banking, finance, M&A experience. Bill Hudenko is my Chief Science Officer. Bill is a professor of psychology at Dartmouth College and national expert on suicide. Finally, one of directors is Tom Frosheiser. Tom is a Past CEO, COO of start-ups acquired by IBM Watson, CVSCaremark.

The Total Addressable Market for suicide prevention is over $3B. We are initially focusing our sales efforts on the military, VA, corrections and healthcare. We are also exploring the Japanese trade union market by working with Finch Japan in Tokyo.

We have established traction in the DoD, VA, corrections, and healthcare. We are executing a contract with the US Air Force, the Virginia Department of Corrections (DOC) and Dartmouth-Hitchcock Medical Center. We are finalizing contracts with VT DOC, SC DOC, Shaw AFB, Wellpath (a provider of medical services to prisons), jails, and universities and colleges, and all of the hospitals in Montana. We are also participating in a global challenge to redesign the Japanese city of the future.

Based on our current contract pipeline we expect to generate about $35M by 2024. We are initially focused on military, veteran, corrections, and healthcare sales and will move into other verticals over the next couple of years. These are forward looking projections and are not guaranteed.

Since Voi Detect is reimbursable with a CPT billing code, we have established the licensing fee at $6.50 per assessment per patient per day. Organizations can bill for up to 4 measures on our platform per patient per day (we offer a suite of options in addition to SERAS). This results in a 4:1 ROI for healthcare organizations that utilize our tool. For government agencies that require a fixed price, we estimate the volume of assessments they will conduct in a year and charge a flat fee, and then discount based on volume.

For Voi Reach, we charge a licensing fee for the coach and any patients on the platform. Given the recent dire need for telemental health, payers have started creating CPT codes for reimbursement of these services. For government agencies, we provide a fixed price based upon estimated annual usage by coaches and patients.

We are projecting $530,978 in revenue in 2021 and growing to $68M by 2025 (not guaranteed).

Voi has growing traction in the military, VA, and corrections and we are ready to rapidly expand our sales in these verticals. Over the past year Voi:

Military

  • commenced a $500,000 contract with the US Air Force
  • started a pilot at Shaw Air Force Base
  • the Arizona, Pennsylvania, and Rhode Island National Guard has reached out to us to develop a proposal to use Voi Reach in these 3 states starting this fall

VA

  • completed development of Voi Reach and demonstrated its functionality to the Department of Veterans Affairs (VA) in April

Corrections

  • executing a pilot with the Virginia Department of Corrections
  • preparing a pilot with the South Carolina Department of Corrections
  • currently negotiating a contract with the Vermont Department of Corrections
  • preparing a large pilot with Wellpath in 19 of their facilities around the country

Healthcare

  • commenced a contract with Frontier Psychiatry to provide remote mental healthcare to all hospitals in Montana (with a plan to expand to Wyoming, South Dakota, North Dakota, Idaho, and Alaska in the next few years)
  • we are in advanced negotiations to partner with NTT West (large telecommunications company) in Japan to develop a Japanese version of Voi Reach

To achieve this growth, Voi is beginning the cloud computing certification programs needed to receive authority to operate (ATO) on governmental IT infrastructure. Successful completion of these programs will allow for state-wide deployments in correctional systems and the ability to become a program of record in the federal government.

For these reasons, we are now seeking to raise $3M this quarter (starting with $1.07M through Wefunder) to cover the cost of these programs and to hire the required additional developers, IT security folks, and database personnel needed to achieve and maintain these certifications. In addition, Voi will use these funds to hire already identified and highly experienced individuals to fill the critical COO/CFO and governmental sales/contracting positions.

Voi Detect’s competitors include the Columbia (C-SSRS), the Columbia Screener and Clinician Evaluation. Compared with these, Voi Detect can predict imminent suicide risk, is low cost, easy to use, does not require any expertise, has high user satisfaction and can integrate with an EHR. Voi Reach’s competitors are Objective Zero, Constant Care and My3. Reach is the only app that leverages a natural support network, is low cost, can provide educational materials and remote assessments, and continuously monitors for changes in risk.

Voi is looking at various exit options to include being acquired by insurance providers, EHR companies, or social media giants. Similar companies have been acquired over the past few years for up to $18.5B.

To date Voi has raised over $14M in capital from some of the leading VCs in the country including Polaris Partners, True Ventures, and Greylock.

While we could obtain additional capital from VC investors, we believe that suicide is everyone’s problem, and we’d like to offer the opportunity for anyone to participate in the solution

At present we are raising $3M to allow us to further scale into the military and corrections space by first establishing our federal and state certifications and technology requirements

It is then in our roadmap to begin our international expansion starting with the Japanese market

We hope that you’d like to participate in this opportunity.

We look forward to solving this incredibly important problem together with you.


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