What You Should Know:
Ocutrx Technologies, a global technology company developing medical devices with augmented reality (AR), extended reality (XR) and artificial intelligence (AI), acquires Spectrum Advanced Manufacturing Technologies, Inc., a Colorado-based electronics manufacturing and assembly company.With this acquisition, the consolidated Oxutrx_Spectrum company now has seven (7) process lines, including ISO Optics Lab capabilities,
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Virtual Reality
AppliedVR Becomes First Virtual Reality Provider to Receive HCPCS Level II Code
What You Should Know:
-AppliedVR, an immersive therapeutics (ITx) pioneer advancing a novel approach to medicine, today announced that the Centers for Medicare and Medicaid Services (CMS) established a unique Healthcare Common Procedure Coding System (HCPCS) Level II code (E1905) for its flagship product, the RelieVRx program.
- Defined as a virtual reality (VR) cognitive behavioral therapy (CBT) device that includes pre-programmed therapy software, CMS’ coding decision categorizes the
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Wellstar Expands Enterprise Virtual Reality Training with Moth+Flame
What You Should Know:
- Wellstar Health System extends its partnership with Moth+Flame to further utilize its virtual reality (VR) training technology.
- The VR emotional intelligence training encourages Wellstar's employees to build composure and gain practical experience in a highly realistic scenario by navigating difficult conversations and testing resiliency in an emotionally charged environment.
- The experience helps Wellstar's workforce development
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U.S. Air Force and SimX Expands VR Medical Training Partnership
What You Should Know:
- SimX and the U. S. Air Force are announcing a $1.7M expansion of its ongoing effort to advance the future of medical simulation training using virtual reality (VR) technology.
- This effort, housed within the Virtual Advancement of Learning for Operational Readiness (VALOR) program at SimX, aims to enhance the usability and medical capability of virtual simulation training, with a focus on prehospital combat casualty care delivered by the Air Force's elite special
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Metaverse Operating Room Simulates Surgery on Cleft Lip & Palate
What You Should Know:
- Smile Train and BioDigital launched the first-ever cleft surgery virtual reality (VR) platform experience at the IMSH Conference in Orlando, Florida.
- The platform utilizes a “metaverse operating room” to simulate surgery on cleft lip and palate, a common birth condition that occurs when a baby’s lip or mouth does not form properly during pregnancy. The condition can cause difficulty with breathing, eating and speaking. If left
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TRIPP Partners w/ Carnegie Mellon Psychologists on VR-Guide Meditations
What You Should Know:
- TRIPP, the award-winning global XR wellness company, announced an investment and partnership in Equa Health, the company bringing a clinically validated approach to mindfulness training.
- Through the partnership, TRIPP will leverage Equa Health’s mindfulness approach, developed over 15 years with research from Carnegie Mellon University, to launch a series of clinically validated meditations in virtual reality. A combination of science and XR technology, the
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Sharecare Launches VR Program to Bring Innovation to Exercise
What You Should Know:
- Digital health company Sharecare launches Get Active, a new virtual reality program to help employers encourage exercise among their workforces in a fun, approachable, and accessible way.
- In a pilot with its customer Lennar Corporation, one of the nation's leading homebuilders, Sharecare’s Get Active program for Meta Quest 2 yielded strong results for both healthy and high-risk Associates.
Lennar Pilot Program
In a pilot conducted in late 2022
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22 Executive Digital Health Predictions to Watch in 2023
Jon Bloom, MD, CEO and Co-founder of Podimetrics
From a digital health perspective, 2022 was a reset year for many and a serious reality check. We went from sky high growth to the sky is falling, and in 2023 I think this market correction movement will continue forward. To me, the biggest surprise of 2022 was that despite the market tanking, digital health companies continued to truck forward with huge deals. This includes massive acquisitions like Amazon and OneMedical, as well as deals like
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Virtual Reality to Improve Kidney Education to Dialysis Patients in Rural Mississippi
What You Should Know:
- Fresenius Medical Care North America was awarded more than $130k grant from the Mississippi Department of Health's Office of Rural Health and Primary Care to provide local dialysis patients the opportunity to virtually experience a day-in-the-life of a home dialysis patient – helping them to better understand what this form of treatment entails.
- The grant allows FKC to provide its dialysis centers in Mississippi with virtual reality headsets and initially offers
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M&A: Rendever Acquires AARP’s Alcove Virtual Reality Platform
What You Should Know:
- Rendever, the company pioneering the future of aging through VR acquires AARP’s Alcove, a popular consumer VR platform publicly available to families at home through their own VR headsets.
- The Rendever team has been co-developing Alcove with AARP since 2020. By bringing Alcove in-house, Rendever is amplifying its reach through an integrated ecosystem of products that enable a better aging experience for seniors worldwide, regardless of where they live.
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