We started Healthify to support organizations addressing social determinants. Sixty percent of our health is affected by our social determinants. Our access to food, mental health services, and other community resources all play a pivotal role in improving our health outcomes and improving the health of our communities. As a team, we saw these issues time and time again while working in Baltimore clinics and knew things had to change. Groups that are financially at-risk for populations don't have the tools or data needed to manage these issues or hit expanding quality measures under the affordable care act. This inability results in an additional $85b a year in spending. If we are serious about value in healthcare and the health of our communities, then we must be serious about how we address the social determinants of an individual.
The Healthify team met while at Johns Hopkins. For four years, we worked together as patient advocates for the non-profit organization Health Leads connecting Medicaid patients to a variety of social and behavioral health resources. Each member of the team brings a unique background and skill set to the team with degrees ranging from biomedical engineering to history.
We came together to solve a serious oversight in healthcare because we had witnessed this problem go unaddressed time and again for over four years. We are chronically dissatisfied with the status quo.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Healthify. Once Healthify accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Healthify in exchange for your shares. At that point, you will be a proud owner in Healthify.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because Healthify is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Healthify does not plan to list these shares on a national exchange or another secondary market. At some point Healthify may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Healthify either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Healthify's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Healthify’s profile.