GET A PIECE OF XRHEALTH
On-demand virtual care reinvented
$255,146.53 Raised
Reasons to Invest
- The metaverse global market opportunity is projected to reach 800 billion by 2024 and the fast-growth telehealth market is predicted to reach a value of $70.19 billion by 2026. XRHealth has already contributed significantly to this projection. In 2021, XRHealth generated over $1M of this revenue in YTD and our QoQ growth has been 300+%.
- XRHealth was operating clinics in the metaverse before there was a common word to describe the next evolution of the internet or web 3.0. To date, XRHealth has treated over 2,000 patients in 5 virtual clinics. XRHealth plans to be a central player in DTx technology (aka Digital Therapeutics) using virtual and augmented reality to offer therapy in the metaverse.
- XRHealth is poised to be an industry leader in VR/AR therapy due to strict adherence to FDA and HIPPA regulations during the past 5 years. XRHealth currently has 3 approved patents, 8 FDA registered medical applications, and 6 3rd party apps already in use. The digital services are covered by insurance thanks to changes in CPT codes during the pandemic, making it one of the most trustworthy digital health services.
Overview
Bringing Patient Care Into the Metaverse
XRHealth is spearheading the VR/AR therapy revolution by combining proprietary FDA-registered medical virtual reality (VR/AR) therapy with conventional telehealth solutions to offer patients personalized care they need for chronic conditions in the metaverse.1:1 Virtual Therapy With Virtual Reality
From the Comfort of Home
A comprehensive therapeutic at-home care solution for multiple chronic conditions:
Our Virtual Therapy is Safe, Secure and Loved by Our Patients:
We also offer Software as a Service (Saas) to providers, hospitals, and rehabilitation centers.
Our Story
XRHealth was founded by Eran Orr, an Air Force veteran pilot and an industry early adopter of virtual reality (VR). After suffering from chronic neck pain caused by heavy helmets used during flights, he saw a need to bring his VR expertise into healthcare. Based on his experience, he believed VR was the perfect tool for simulated training to maximize the effectiveness of physical therapy.
So...he set on a new mission to help others recover from pain by using VR. He teamed up with interdisciplinary experts including medical professionals, data scientists, graphic artists, and more to make it happen. XRHealth became the first company to combine a telehealth online clinic with gamified virtual reality facilitated by licensed therapists.
The Problem
Current Telehealth Technology Provides Limited Treatment
1. Chronic conditions affect 60% of Americans, with more than 40% experiencing 2 or more conditions. Some conditions may require long waits to receive care to heavy patient loads in clinics.
2. Despite the need for ongoing care, patients are often over-taxed due to 'commuter fatigue,' pain of care, or boredom. As a result, patients have a 50% average treatment adherence rate and 70% churn rate (in comparison with 91.2% adherence and 10% churn with XRHealth).
3. Digital at-home services became the 'new normal,' which highlighted the gaps in brick and mortar care including the lack of data, real-time progress insights, easy-to-use platforms and interfaces, access to clinicians outside of therapy, and more.
THE Market
A Fast Growing Industry With Impact Across Healthcare Verticals
The fast-growth telehealth market is projected to grow to $70.19 billion by 2026 and the metaverse global market is expected to climb to 800 billion by 2024. Telehealth services doubled during the pandemic and is expected to be the 'new normal' as lifestyles adjust and digital services improve.
The pandemic doubled the number of people who have used telehealth from 39.4% pre-COVID-19 to 79.5% post-quarantine.
Our services meet the specific needs of the following patient markets:
Our services meet the specific needs of the following patient markets:
The $3.8 trillion chronic and mental health conditions market
The $65.1 billion pain management market
The $22.5 billion global stroke management market
The $22.99 billion global multiple sclerosis (MS) therapies market
The $17.2 billion global stress management treatments market
The $10.89 billion global anxiety disorders and depression treatment market
The Parkinson’s disease market projected to reach $11.5 billion by 2029
The Autism Spectrum Disorders market projected to reach $4.53 billion by 2026
The Solution
Building Therapy in the Metaverse
- Our platform combines immersive VR/AR technology with telehealth services, licensed clinicians, and advanced data analytics for an all-in-one innovative solution for patients to receive high-quality care in the comfort of their homes via the Metaverse (the new term used to describe the virtual world).
- We provide our patients with enjoyable treatments that feel like less work and more fun. Patients participate in weekly sessions with a licensed therapist who guides and monitors their treatment in real-time and adjusts therapy protocols remotely in the VR/AR headset.
- In between sessions, the patient practices virtual reality exercises according to the tailored VR digital treatment plan (in addition to conventional exercises that may be suggested).
- Patients use our mobile app to track their own progress, chat with their therapist, and communicate easily with clinic staff.
- After each therapy session, the patient's insurance company is billed for telehealth services and Remote Therapeutic Monitoring (RTM) (a newly introduced CPT code now used to support the growth of digital therapeutics and foster the development of remote patient services).
Virtual Worlds, Real Results
Patients enjoy therapeutic exercises that feel more like games than work to promote adherence to treatment. Patients and therapists gain instant progress insights from biofeedback and other data-tracking mechanisms that flows from the headset to the XRHealth platform. Therapists can use this data to personalize treatments for optimal success.
XRHealth takes digital health services to the web 3.0 revolution in the metaverse
In the old world, you needed to drive to a clinic or hospital and go to a specific room to meet with a therapist who is often chosen by the clinical setting or HMO plan. But the way we are conducting therapy is rapidly changing to match the modern lifestyle.
In the metaverse, you can enter any virtual treatment room and meet any therapist you want (or meet other patients) no matter where they are. And we believe this fosters better compliance with treatment, which we are already seeing from primary surveys.
That's why we are building some of the first virtual clinics in the metaverse.
This is the new world:
- Quantified data
- Real-time progress analysis
- Accessibility to care
- Improved patient experience
Gamified therapy fosters better treatment compliance because its fun!
Better Results = Better Quality of Life
XRHealth patients across multiple health verticals report a decrease in symptoms related to chronic pain, stress & anxiety, and neurological conditions.
Pain Management vertical:
Behavioral Health vertical:
Neurological Disorders vertical:
Business Model
Our GO TO MARKET Strategy Combines:
B2C: Direct to Consumer
Our Insurance Coverage
B2B: SaaS - Virtual Treatment Rooms
In our B2B model, inpatient and outpatient facilities partner with XRHealth to expand their skilled therapy and rehabilitation services. We generate revenue throughout the process.
Our Partner Providers
The Patient's Voice
"It's better to have 100 users love you than 1 million [sic] kinda like you. The true seed of scale is love, and you can't buy it, hack it, or game it", said Sam Altman, Master of scale.
Our Growth
Growth on all fronts
The XRhealth platform expansion drives growth! To date, XRHealth has treated over 2,000 patients in 5 operating virtual clinics.
Therapy in the metaverse is no longer a dream or science fiction. It's already working, making it clear that the new reality of healthcare is in immersive, digital applications.
Let's take a look at the numbers. XR Health is expanding exponentially to meet the growing demand, with a current growth rate of 400%.
*The above graphic includes unaudited financial information and is subject to change. From Q1-Q3 2021, the Company has achieved $1.1M in revenue. The Company is pending their final Q4 unaudited data. Please refer to the risk factors in our Form C regarding forward looking information and our financial information.
Future Growth Plan
The use of funds is focused on
(1) Clinic expansion
(2) RnD - platform expansion
(or click)
ABOUT
HEADQUARTERS
1330 Beacon St STE 209
Brookline, MA 02446
WEBSITE
View Site
XRHealth virtual clinics combine immersive VR/AR technology with telehealth to help patients mitigate the symptoms of their chronic conditions in the comfort of their home via the metaverse.
TEAM
Hillel Bachrach
Board of Directors
Eran Orr
CEO, Founder & Director
Gilad Meiri
Board of Directors
Miki Levy
CTO & Co-Founder
Deepa Javeri
Chief Financial Officer
Gal Hayut
Board of Directors
Sergey Gribov
Board of Directors
TERMS
XRHealth
Overview
PRICE PER SHARE
$25.63
DEADLINE
Feb 9, 2022
VALUATION
$80.97M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$256.30
MAX INVESTMENT
$106,979.62
MIN NUMBER OF SHARES OFFERED
390
MAX NUMBER OF SHARES OFFERED
41,746
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Early Bird
Early Bird Bonus - First 7 days | XRHealth t-shirt
Volume
Tier 1 perk ($256) - Limited edition merchandise for investors only: XRHealth T-shirt)
Tier 2 perk ($512) - Limited edition merchandise for investors only: XRHealth signature coin)
Tier 3 perk ($1,500) - Limited edition merchandise for investors only: XRHealth stress ball + signature coin + T-shirt)
Tier 4 perk ($3,000) - Exclusive webinar with Eran Orr, XRHealth CEO, "Overview about Healthcare and XR")
Tier 5 perk ($5,000) - XRHealth VR headset loaded with a lifetime subscription to all our VR therapy apps)
Tier 6 perk ($10,000) - XRHealth VR headset loaded with a lifetime subscription to all our VR therapy apps + 1:1 meeting with Eran Orr, XRHealth CEO, on Zoom)
*All perks occur when the offering is completed.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
PRESS
ALL UPDATES
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JOIN THE DISCUSSION
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PINNED BY STARTUP
Scott Schwartz
2 years ago
Have you thought about integrating this with the Quest 2 or other Meta (Facebook) plans? There will be thousands of these in service.
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Cho Yee Kong
a year ago
Any Schedule for the perk delivery? Thanks.
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Paul Moravec
2 years ago
Hello, just curious about estimated shipping date of the VR headset with subscription that was promised to investors putting inn$5k. Thanks.
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Yosef Hertz
2 years ago
I am pasting my question again, still haven't gotten a response, plz reply:
Hi, can you update recent revenue traction, where did Q4 revenue come in at? With the metaverse trending during Q4 I'd think there would be a strong uptick in downloads. Can you indicate if and where you've seen growth? Also, from looking at online reviews it seems there are a lot of positives but company culture has not been strong in the past. How are you improving on this, so that employees are retained and happy? A number of employees that I saw left too soon after joining. Thanks
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Yosef Hertz
2 years ago
Hi, can you update recent revenue traction, where did Q4 revenue come in at? With the metaverse trending during Q4 I'd think there would be a strong uptick in downloads. Can you indicate if and where you've seen growth? Also, from looking at online reviews it seems there are a lot of positives but company culture has not been strong in the past. How are you improving on this, so that employees are retained and happy? A number of employees that I saw left too soon after joining. Thanks
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Vin P
2 years ago
Thx for a previous response!
It'll be interesting & attractive to know what XRHealth would consider it's moat.
What would stop the Health giants from entering this field, as post-Covid, TeleHealth is a reality.
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Vin P
2 years ago
Hi, interesting opportunity.
Appreciate input on exit strategy for a small investor.
Thx.
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Karim Kibaa
2 years ago
That is a crazy valuation compared to your revenue, i am so in the idea but the valuation is so high.
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kymba nijuck
2 years ago
I was a patient of XR Health. They assured me on multiple occasions prior to receiving services that their services would be completely covered by my insurance, it was not. They told me that their physical therapist had experience with one of my conditions, she did not and gave me an exercise that literally was the first result that one would find on google for an exercise for that condition. Because of my negative experiences, I left a 1-star review on Google.
In response, several of the top-level executives at XR Health left fraudulent/conflict of interest reviews in an attempt to bury my 1-star review. And they did so in such an inept manner as to be laughable.
Of the 10 reviews currently on Google, 3 are from people with no history of making reviews and six are obviously from XR Health staff, including executives and... wait for it... their Social Marketing person!
Clair Polansky - Content & Social Marketing
Eran Orr - Founder & CEO
Tal Arbel - VP Product Data & AI
Shira Orr - Manager - Medical & Scientific Publications
Kate Gleason - Clinic Director
Noa Lustgarten - Director, Clinical Delivery
Feel free to Google any of the above names + "XR Health".
These folks are obviously not rocket scientists, have questionable ethics, and do not understand Google's Terms and Conditions.
I think you can find better people to invest with.
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2 years ago
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