XRHealth crowdfunding campaign for virtual clinics surpasses $142k - Doctor treating patient in VR 1

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Prospective XRHealth investors are invited to support and participate in the telehealth boom

Quick read

➨ XRHealth has so far raised more than $142,000 through a crowdfunding campaign offering stock in its virtual clinics
➨ The virtual clinics provide at-home medical treatment through VR and digital health technologies
➨ XRHealth is offering up to about $1 million worth of stock until 9 February 2022

The story

XRHealth, the telehealth provider that delivers virtual and augmented reality (VR/AR) therapeutic treatments, has so far raised more than $142,000 through a crowdfunding campaign offering stock in its virtual clinics.

The virtual clinics provide at-home medical treatment through VR and digital health technologies. XRHealth is running two in the US with a third planned for launch by the end of 2021, as well as clinics in Australia and Israel.

XRHealth is offering up to about $1 million worth of stock until 9 February 2022, to boost accessibility to treatment and give the public the opportunity to invest and take part in the company’s journey from an early stage.

Eran Orr, chief executive officer of Boston, Massachusetts, USA-headquartered XRHealth, says: “Remote healthcare is growing rapidly around the world because it meets the needs of so many healthcare consumers. For example, outpatient care can be impossible for patients who are immune-compromised or live in remote areas, or patients who need constant treatment for chronic conditions like Parkinson’s disease and multiple sclerosis.”

“As telehealth becomes hugely important, our technology is already bringing patient care into the future [by] adding 3D capabilities. We believe in accessibility to all, bringing telehealth to everyone, no matter where they are and also want the public to have the opportunity to invest and take part in our journey from an early stage.”

XRHealth, which has already raised $20 million from venture capital firms and other sources, reveals the exciting progress it has achieved over the past 12 or more months, thanks to increased demand for telehealth solutions, expected to grow to $70.19 billion by 2026, according to market research.

On its crowdfunding page, XRHealth says its virtual clinics have already treated more than 2,000 patients, with revenue in Q1 to Q3 2021 reaching $1.1 million, well up on 2020’s total of $400,000.

Real-world evidence from patients is also showing promising clinical outcomes, according to XRHealth, with 91.2% demonstrating adherence to their home exercise plans.

XRHealth’s combines VR and other immersive and digital technologies with a platform that patients can access via Pico Interactive headsets at home.

Their doctors can monitor their progress and adjust a range of therapeutic treatments for pain management, depression, physical injuries, and more. Watch a video explaining what the platform treats below.

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Images: XRHealth

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