As per reports, the economic opportunity of virtual healthcare is estimated to be a quarter trillion dollar market. The virtual treatment rooms help healthcare providers offer further opportunities for clinicians to expand their business, improve access for patients to receive care, and create the simplicity and comfort for users to engage in therapeutic treatment without stepping out of their home.
One of the pioneers of virtual healthcare treatment is Boston-headquartered XRHealth. It creates a major imprint on the healthcare metaverse presence by expanding their accessibility to patients all over the world. It connects patients with clinicians to provide treatment.
Now, XRHealth, which is a gateway to healthcare metaverse. It has raised $10 million funding from HTC, Bridges Israel impact investment fund, AARP, and crowdfunding on StartEngine.com and existing investors. Recently, HTC partnered with Munich-based holoride.
The investment will be deployed to expand virtual healthcare treatment in the Metaverse.
As HTC is one of the prominent backers of the company, HTC VIVE, its premier virtual reality (VR) platform will be used for the healthcare metaverse. The ecosystem creates true-to-life VR experiences for businesses and consumers. The VIVE ecosystem is built around premium VR hardware, software, and content.
“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.
“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.”
Revolutionises healthcare with metaverse
Founded by XRHealth in 2016 in Boston by Eran Orr. The platform is FDA and CE registered and provides an immersive experience for users. It transports them to a virtual world for comprehensive therapeutic care. The cost of patient care is covered by Medicare and is available under most major insurance providers.
The platform integrates immersive XR technology, licensed clinicians, and advanced data analytics on one platform. It offers a variety of patent-pending solutions from rehabilitation services to cognitive assessment and training to pain management.
XRHealth works with several world-renowned US healthcare providers, hospitals, and rehabilitation centres. While it is headquartered in Boston, the R&D centre is located in Tel-Aviv, Israel.
Fun, game-like therapy
The XRHealth virtual treatment room provides the metaverse for a fun and game-like therapy. Its licensed therapists work with patients remotely using a Virtual Reality (VR) headset that the company provides to personalise the treatment in real-time.
To experience the healthcare metaverse offered by XRHealth, you need to choose a therapist from the list of licensed professionals, get your VR headset in the mail pre-loaded with FDA-registered therapeutic apps, and meet your therapist online for scheduled sessions and get your life back on track.
XRHealth plans start from $69 per week. The company does not require a long-term commitment and you can cancel the plan at any time.