March 2, 2022 – XRHealth, a provider of therapeutic extended reality (XR) solutions, has recently announced that it has raised USD $10M in funding to expand its virtual healthcare treatment solutions for the Metaverse. The funding was backed by HTC, Bridges Israel impact investment fund, AARP, crowdfunding on StartEngine.com and existing investors.
“Together, we’re taking the next step in growing the open ecosystem and providing greater access to care while reducing costs. Interoperability is key and working with XRHealth opens a world of possibilities in using technology for good,” said Cher Wang, HTC Co-Founder and Chairwoman.
According to XRHealth, solutions such as virtual treatment rooms could provide further opportunities for clinicians to expand their businesses, improve access for patients to receive care, and may provide more simplicity and comfort for users by allowing them to engage in therapeutic treatment from the comfort of their own homes. As a result, XRHealth states that it is creating a major imprint on the healthcare metaverse presence by expanding its accessibility to patients worldwide, connecting patients with treating clinicians.
“XRHealth is putting Virtual Clinics into users’ pockets at a critical time in the changing landscape of the medical delivery and the technology industry,” said Eran Orr, Chief Executive Officer of XRHealth. “We are leveraging these changes to create a new form of healthcare that is accessible at any time of day, from any location in the virtual environment of the metaverse, where treatment can be personalized and adjusted based on real-time analytics.”
“Widely covered by insurance providers, XRHealth’s virtual clinics inclusively improves access to quality care and enhances the efficacy of healthcare treatment,” said Gal Hayut, Managing Partner at Bridges Israel and a member on XRHealth’s board. “As an impact-tech investor we see the company’s growth, positive clinical results alongside high patients’ satisfaction as an indication of its tangible impact on patients’ wellbeing.”
XRHealth’s platform is FDA and CE registered and provides an immersive experience for users, transporting them to a virtual world for therapeutic care. Patient care is covered by Medicare and is available under most major insurance providers, according to the company.
For more information on XRHealth and its extended reality solutions for patient care, please visit the company’s website.
Image credit: XRHealth
About the author
Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.