XRHealth, an Israeli medtech startup that calls itself the gateway to virtual healthcare treatment in the metaverse, completed its merger with Amelia Virtual Care, a global leading virtual reality platform for mental health professionals based in Barcelona, Spain. At the same time, XRHealth raised $6 million in funding led by Asabys Partners.
The merger of XRHealth and Amelia Virtual Care, said the firms, has created the “largest extended reality platform company covering mental, physical, and occupational health.” The new funding supports the merger of the businesses, technologies, and teams, and will be used to leverage new opportunities derived from the synergies of the combined entity.
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Amelia Virtual Care offers comprehensive and flexible virtual reality software, Amelia VR, for mental health professionals to use in day-to-day clinical practices. Amelia VR provides more than 140 virtual environments, each designed by clinicians and built on the most widely accepted and effective paradigms of psychology related to cognitive-behavioral therapy (CBT). Further, the Amelia VR library enables therapists from around the world to easily access exposure tools and systematic desensitization techniques to facilitate their psychoeducation sessions with patients.
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.
With its own virtual clinics, XRHealth provides a platform with immersive VR/AR technology and advanced data analytics to healthcare providers, that enables patients to receive treatment from the comfort of their homes. The solution helps clinicians treat patients with a broad range of mental and physical health issues, such as acute and chronic pain, post-stroke needs, fibromyalgia, anxiety, stress, dementia, and others.
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.
“The funding is intended to support the growth of our platform, which is now the largest virtual/augmented reality solution supporting both physical and mental health, revolutionizing digital healthcare by making it accessible to anyone, no matter where they are located,” says Eran Orr, Chief Executive Officer of XRHealth. “We are also very excited to announce that we are working on an AI clinician in Spatial computing which will reduce the burden from the clinical staff and improve access to healthcare for millions of patients around the world.”
