VRHealth Partners with Oculus to Alleviate Pain for Cancer Patients and Laboring Mothers, Files IPO Prospectus

VCBeat (WeChat ID: vcbeat) has learned that on September 26, Eastern Time, VRHealth, a medical technology company specializing in VR technical solutions and data analytics, announced a partnership with Oculus, the VR hardware subsidiary of Facebook. Under this collaboration, Oculus’s VR hardware will be preloaded with VRHealth’s application software, providing patients with cutting-edge healthcare solutions to manage pain and anxiety through virtual reality.

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VRHealth is a healthcare technology company founded in 2016, dedicated to helping clinicians better manage patient health through professional virtual reality (VR) technology solutions and data analytics. VRHealth’s solutions leverage artificial intelligence and cloud computing algorithms to collect and analyze user data, providing real-time advanced data analytics that enable healthcare providers to enhance the patient care experience.

The company offers a range of patent-pending solutions,From rehabilitation services to cognitive testing, from pain management to psychological assessment.VCBeat has learned that VRHealth has submitted an application to the FDA and has obtained ISO 13485 certification.VRHealth is one of the first VR healthcare companies in the world to achieve ISO certification and secure FDA authorization for all its medical applications.

VRHealth’s non-invasive medical tools are delivered through VR content, while leveraging artificial intelligence and cloud computing algorithms to provide advanced data analytics. VRHealth employs highly precise tracking tools to deliver data analytics for hospitals, healthcare institutions, or remote settings. VRHealth collaborates with multiple world-renowned U.S. healthcare providers, hospitals, and rehabilitation centers.

VRHealth is leveraging Oculus’s Go and Rift products to deliver VR technology solutions for a variety of health challenges.From pain management during labor to alleviating pre- and post-operative anxiety in cancer patients undergoing chemotherapy.Virtual reality transports patients into an environment where they can more actively observe and experience their treatment. Through VRHealth’s engaging solutions, healthcare becomes an enjoyable activity.

It is reported that VRHealth’s platform has been deployed alongside Oculus Rift in more than 30 hospitals and medical centers across the United States, including Stanford Sports Medicine, Spaulding Rehabilitation Network, Hoag Hospital Network, and the Sports Medicine Center at Massachusetts General Hospital.

Each of the company’s nearly 15 applications features game-like scenarios or relaxing visuals, such as virtual tours via Google Earth to famous landmarks around the world. These applications help distract patients from the pain associated with surgical procedures and chemotherapy treatments.

At Stanford Sports Medicine, physicians use the VRHealth application to treat traumatic brain injury and assess athletes’ condition following a concussion. Patients engage in virtual games in which their task is to match boxing gloves with a set of lights that appear before them. Their response times, errors, and progress are measured and analyzed in real time. Patient data are quantified and updated in real time to a data portal, providing healthcare professionals with information that can be used to personalize patient treatment plans. Healthcare providers, payers, and users can also receive the data and become more actively engaged throughout the course of treatment.

VR has been used for decades to help people overcome phobias and anxiety disorders. As devices have become more sleek and affordable, VR is being employed to train midwives and assist stroke patients in recovering motor function. A growing number of researchers and hospitals have also found that VR can reduce patients’ anxiety and pain perception during procedures such as dressing changes, intravenous injections, or epidural administration. It can also help patients relax before or after surgery.

Eran Orr, CEO of VRHealth, said:“Once you put on the headset, you are no longer in the hospital. VR provides patients with an escape,” Eran Orr added. “Virtual reality has the potential to alleviate the suffering associated with chemotherapy, create seamless environments for physical therapy exercises, and help children with attention deficit hyperactivity disorder (ADHD) train their focus. In the past, people’s first association with virtual reality was entertainment and gaming, but we have found that applying the impact of VR to the healthcare industry holds the potential to improve many lives, assist physicians in delivering personalized care, and provide patients with a comfortable experience.”

VRHealth solutions will be showcased at the Oculus Connect conference in San Jose, California, from September 26 to 27, 2018.