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XRHealth secures $10M in funding to expand healthcare treatment in the Metaverse

Telemedicine and virtual reality clinics could be a quarter of a trillion-dollar industry

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Virtual reality metaverse tech

XRHealth has announced it has raised $19 million in funding to expand its virtual healthcare treatment in the metaverse.

XRHealth offers a virtual reality experience that connects patients to treating clinicians. The funding will help them to expand their accessibility to patients worldwide.

It offers state-of-the-art therapeutic care in virtual rooms using virtual and augmented reality. XRHealth integrates immersive XR Technology, licensed clinicians and advanced data analytics on one platform to create a comprehensive care solution. It enables patients to receive treatment from the comfort of their homes.

The company offers a range of solutions from rehabilitation services to cognitive assessment to pain management.

Patients can register themselves with the virtual clinic, choose their therapist before receiving a VR headset in the post. Therapists and clinicians can start treatment in the privacy of the patient’s home.

“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.

Eran Orr, Chief Executive Officer of XRHealth said: “XRHealth is putting Virtual Clinics into users’ pockets at a critical time in the changing landscape of the medical delivery and the technology industry. 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 improve access to quality care and enhances the efficacy of healthcare treatment. As an impact-tech investor, we see the company’s growth, positive clinical results alongside high patient satisfaction as an indication of its tangible impact on patient’s wellbeing,” said Gal Hayut, managing partner at Bridges Israel and a member on XRHealth’s board.

Telemedicine, virtual reality and telehealth are set to be an even bigger industry in the next few years as life returns to the new normal. Recent reports have shown that it could be a potential quarter trillion dollar market as virtual treatment rooms provide further opportunities for care in the home.

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