VRHealth

VRHealth - First Certified Immersive Medical VR Company


(

Private Fundraise

This company may be interested in raising funds from accredited investors. You must Request Access to see more information about this company.

Request Access 9

The First Certified Immersive VR Medical Company in the World

VRHealth is the only VR Medical company that successfully utilizes the power of VR to provide innovative real-time medical analytics and enhanced patient and clinician experience at clinics and at home. Our unique Medical & Therapeutic software uses VR technology and AI cloud computing algorithms to deliver an enhanced experience and real-time data analytics.

Healthcare today faces multiple challenges, from lack of access to poor compliance, from high costs to remote monitoring challenges. All these can be answered with VR/AR solutions, providing tools for quantification, remote monitoring, gamification, engagement and much more. VRHealth is bringing these VR/AR solutions to the market, developing FDA Registered medical application, for use both at the clinic and at home, in a wide range of medical disciplines, including pain management, physical and motor-cognitive rehabilitation, CBT and more.

To date VRHealth has 4 FDA, CE (Europe) and AMAR (Israel), Registered medical applications in the market and 6 more applications in various Beta stages, releasing new applications to the market on a monthly basis.

As the first VR healthcare company in the world, VRHealth has partnered with Oculus (a Facebook Company) as its hardware provider. Through this partnership, Facebook has connected VRHealth with its global B2B distributor, Exertis, a UK based company that has recently acquired a number of distributors around the world (including USA, Australia and Asia). This global distribution company has created our bundle - "VRHealth in a Box" - an all-in-one solution including VRHealth software, Oculus/Facebook Hardware, bundled and branded including additional branding for VRHealth customers, providing a one-stop shop for packaging, installation and shipping on a global scale.

On April 2018 VRHealth has partnered with AARP, a nonprofit organization dedicated to the 50+ population, and through this partnership VRHealth is now the sole provider of medical and wellness content in the new AARP VR platform, to be launched Q4 2019.

In Addition, we have finalized paramount agreements with several of the biggest health organizations in the US, including Cigna, MGH, Spaulding Rehabilitation Network, Hoag Hospital, Stanford Sports Medicine and more.

As the healthcare market is now focusing on Value-based Care and Patient Experience - VRHealth solutions are built specifically to address both these subjects, bringing the most advanced real-time analytics for constant assessment of patient outcome and clinician performance and immersing the patient in a computer-generated environment, disconnecting them from the challenges of being in rehab/treatment and providing them with feedback on their performance thus allowing better adherence to the medical treatment.

Now is the time to join VRHealth!

Why VR in Healthcare

  • Within 3 years VR/AR will be a key factor in the healthcare market with a CAGR of 54.5% by 2023 and $5.1 billion by 2025 Forbes
  • Fully immersive environment allows full control of the user experience affecting the patients' reaction both psychologically and physically
  • Inside the generated virtual environment user interacts and reacts to the stimulation while movements and reactions are analyzed and quantified

Product Pipeline and Clinical Trials

VRHealth is conducting 14 clinical trials in parallel, for its various products.

VRHealth in the Media

VRHealth has received substantial exposure in media worldwide, covering the company's innovation, breakthrough solution and partnerships.

Here are a few samples: 

Business Model

  • On Site - FDA & CE Registered applications for various medical use cases, coupled with our powerful Data Portal for algorithm-based health analytics. Used in hospitals and clinics around the US for both assessment and treatment.
  • At Home - Remote monitoring platform - reimbursed starting 1.2019 by CMS - providing data analytics extracted and analyzed in real time. Applications for various medical and wellness use cases.
  • Customers are Payers, Providers and Patients
  • Yearly subscription model, tiered pricing according to use case and volume
     

Data Analytics

VRHealth develops advanced algorithms using machine learning and data analytics. Each session in VRHealth application is analyzed in realtime providing data analytics for both patients and clinicians.

Our multi-layered Data Analytics portal includes:

Patient analytics:

  • Session outcomes
  • Personal statistics

Clinician analytics:

  • Multiple patient management
  • Patient statistics & demographics
  • Patient progress over time

Management analytics:

  • Clinicians performance
  • Patient statistical analysis by demographics, diagnosis and more

Traction to date

  • 50 Customers in the US and Israel including hospitals, clinics, insurance companies and researchers
  • More than 25,000 VR Sessions to date
  • 93% Retention
  • 10% Weekly growth rate in VR sessions
  • 32% DAU/MAU
  • 2019 revenue and bookings - $350K
  • Deals under negotiations - $1.3M

About the company

Team

  • Israeli company - R&D and Regulation - 20 employees
  • American company - BD and Marketing - 7 employees
  • Australian company - BD and Marketing – 2 employees

FDA and ISO registration

  • First Certified VR Medical company in the world ISO 13485
  • FDA (USA) / CE (Europe) / AMAR (Israel) - registered VR medical applications

Patents

  • 11 Patents Pending

Funding

  • Raised to date - $6M
  • Received 4 grants from the Israeli Innovation Authority

Board of Directors

Eran Orr
Founder VRHealth
CEO VRHealth USA Inc.

 

Miki Levy
Co-Founder VRHealth
CEO VRHealth Israel Ltd.
 

Hillel Bachrach
Board of Directors

Gilad Meiri
Board of Directors

Scientific Advisory Board

Jaye E. Hefner, MD
Chief of Medicine, Spaulding Re
habilitation Hospital, Boston
Chair, Quality and Patient SafetyDepartment of Physical Medicine and Rehabilitation
Massachusetts General Hospital

Robert G Louis MD, FAANS
Director, Skull Base and Pituitary Tumor Program
Minimally Invasive Brain And Spine Surgery
Pickup Family Neurosciences Institute
Hoag Memorial Hospital
Newport Beach, CA

Prof. Anat Achiron
Director, Multiple Sclerosis Center                                                           
Sheba Medical Center, Tel-Hashomer
Sackler School of Medicine, Tel-Aviv University, Israel

Professor Jeremy Lewis PhD FCSP
Consultant Physiotherapist
Professor of Musculoskeletal Research
Sonographer
Independent Prescriber

The Business Plan area is locked. You must Request Access to this company to see more information including the Business Plan.


Request Access

N

No updates yet.




%

No backers yet.




Quick Signup TBD

You must have an account to do this!


the startups.com platform

Copyright © 2019 Startups.com. All rights reserved.

Fundable is a software as a service crowdfunding platform. Fundable is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. Fundable does not recommend or otherwise suggest that any investor make an investment in a particular company, or that any company offer securities to a particular investor. Fundable takes no part in the negotiation or execution of transactions for the purchase or sale of securities, and at no time has possession of funds or securities. No securities transactions are executed or negotiated on or through the Fundable platform. Fundable receives no compensation in connection with the purchase or sale of securities.