What You Should Know: - Proximie, a health technology platform company focused on digitizing operating and diagnostic rooms, announced the completion of its $38 million Series B equity financing led by F-Prime Capital, with participation from new investors Questa Capital, Eight Roads, Maverick Ventures, and the support of existing investors Global Ventures, BECO Capital and Cedar Mundi Ventures. - Founded in 2016 by NHS surgeon Dr Nadine Hachach-Haram, Proximie’s platform enables surgeons
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AppliedVR Lands $29M for VR Platform to Treat Chronic Pain
What You Should Know: - AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai, will fuel the company’s growth as it pursues full FDA approval over the next year. - Founded in 2015, AppliedVR provides
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VR and AR Simulation Medical Training Can Reduce Medical Errors
Human error is an inevitable event in the practice of any trade, including healthcare and medicine. The errors made in medicine can have many negative effects for patients and healthcare providers. A study out of Johns Hopkins in 2016 found that medical errors accounted for over 250,000 deaths annually in the United States – making it the third leading cause of death in the country (Makary 2016). Research has shown that most medical errors occur during the administration and prescribing stages
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COVID-19 Exposed The True Vulnerability of Healthcare Infrastructure
In 2019, 41 million patient records breached in 572 reported incidents at an average cost of $1.8 million per breach. These statistics are far from surprising with healthcare records selling for a reported average of $45 on the dark web. Unfortunately, the year 2020 aggravated these issues as COVID-19 exposed the true vulnerability of the healthcare infrastructure. Organizations not only had to manage the medical and financial impacts of the pandemic but also the security risks inherent in the
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FDA Grants AppliedVR Breakthrough Designation for Virtual Reality Chronic Pain Treatment
What You Should Know: - FDA awards AppliedVR Breakthrough Device designation for
treating treatment-resistant fibromyalgia and chronic intractable lower back
pain - AppliedVR’s EaseVRx program helps patients learn self-management skills grounded in evidence-based cognitive-behavioral therapy (CBT) principles and other behavioral methods. AppliedVR,
a pioneer advancing the next generation of digital medicine, today announced
its EaseVRx product received Breakthrough Device designation
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XRHealth Secures Patent to Incorporate Apple Watch into VR/AR Therapy
What You Should Know: - XRHealth has just received a patent for its approach to
incorporate biofeedback from devices such as an Apple watch into its remote
healthcare therapy platform that utilizes virtual/artificial reality (VR/AR). - XRHealth plans to incorporate their VR/AR therapy with the Apple Watch, specifically since the watch has advanced features including a medical-grade, FDA-cleared electrocardiogram (EKG) that measures heartbeat. XRHealth, the
leader in extended
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18 Healthcare Augmented Reality and Virtual Reality Companies to Watch
Augmented reality (AR) and virtual reality (VR) are redefining what's possible in healthcare, as well as other sectors. The 18 companies listed below are some of the top virtual and augmented reality companies in the medical industry. Defining Augmented Reality Augmented
reality is a technology that blends real-world elements with virtual ones. For
example, a person might visit a trade show and aim their smartphone at a
display to activate an AR experience that allows them to see
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Augmedics Lands $15M for FDA-Cleared Augmented Reality Guidance System for Surgery
What You Should Know: - Augmented reality surgical image guidance startup Augmedics
raises $15M in Series B funding led by its U.S. staff in an effort to
secure and successfully launch the company as venture capital (VC) all but
evaporated during the COVID-19 pandemic. - The xvision system, the first augmented reality
guidance system for surgery, allows surgeons to see the patient’s anatomy
through skin and tissue as if they have “x-ray vision,” and to accurately guide
instruments and
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How AR and MR Technology Can Reduce Medical Vulnerability to Improve the Patient Experience
Hospitals and health systems work hard every day to deliver patient-centered care. In fact, “the patient experience” is something now being measured, monitored and discussed throughout the healthcare continuum. Yet for most patients, moments of anxiety and medical vulnerability still abound, and the conversation rarely addresses this important fact. Patients awaiting an X-ray, magnetic resonance imaging (MRI) or computed tomography (CT) scan, for instance, maybe fearful of the results.
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XRHealth Lands $7M to Expand Telehealth VR/AR Platform
What You Should Know: XRHealth raises $7M in funding to expand its telehatlh virtual reality (VR)/augmented reality (AR) platform for clinicians and patients. XRHealth is the first certified Extended Reality medical
company in the world; their Medical Applications are FDA & CE
Registered. XRHealth created the first virtual reality telehealth
clinic in the world that is currently certified in 17 states. XRHealth, formerly known as VRHealth a provider of extended
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