XRHealth, an Israeli medtech startup that calls itself the gateway to virtual healthcare treatment in the metaverse, raised $10 million in new funding backed by HTC, Bridges Israel impact investment fund, AARP, as well as from crowdfunding on StartEngine.com. That’s right – the company uses virtual reality for healthcare and medical treatments.
Israel Startup Nation is known for a wide variety of high tech fields, from cyber security to new green technologies. One of the area that it is also known for is medtech. So XRHealth is in good company. Just one example of the many Israeli medtech startups making it big is Nucleix, which offers a liquid biopsy that it says can detect cancer early, and has raised $77 million in investments to date.
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Now imagine a new tech that lets you have a doctor’s visit without ever having to schlep to the doctor’s office. Soon you just might be able to have a doctor give you a full examination from somewhere else by using VR. A doctor will not just see you, he will also be able to touch and feel you as doctors do when conducting a full medical examination.
Founded in 2016, XRHealth boasts that it is bringing healthcare and patient care into the Metaverse. The company operates therapeutic care Virtual Rooms, utilizing proprietary FDA and CE registered medical Extended Reality (XR) technology (virtual and augmented reality). XRHealth integrates immersive XR technology, licensed clinicians, and advanced data analytics on one platform, “providing a comprehensive therapeutic care solution for patients to receive treatment from the comfort of their home.” The company also offers a variety of patent-pending solutions from rehabilitation services to cognitive assessment and training to pain management. XRHealth works with several world-renowned U.S. healthcare providers, hospitals, and rehabilitation centers.
XR Health explains that in a recent McKinsey report, the economic opportunity of virtual healthcare is presented as a possible quarter trillion dollar market. Virtual treatment rooms provide further opportunities for clinicians to expand their business, improve access for patients to receive care, and creates the simplicity and comfort for users to engage in therapeutic treatment from the comfort of their home. As a pioneer of virtual healthcare treatment, XRHealth is creating a major imprint on the healthcare metaverse presence by expanding their 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,” says 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.”