An Overview on Startups for MSK and Bodily Remedies
Various kinds of manual treatment, or assembly, can be utilized to treat individuals with spinal arrangement issues. For some intense outer muscle torment, these methods have been displayed to speed recuperation. Drugs like the nonsteroidal enemy of inflammatories (NSAIDs) might be utilized to treat aggravation or agony. Read on to learn more about MSK and bodily remedy startups.
Sword Health
Health tech startups in this space are growing at a rapid pace. Hinge Health, for example, has raised over $300 million in a Series D round, achieving a valuation of $3 billion. Hinge provides MSK therapy programs and wearable sensors to track patient progress. In addition, it recently acquired Enso, a company that develops non-invasive electrical nerve stimulation technology that reduces patient dependence on painkillers.
Musculoskeletal disorders severely compromise the current state of healthcare. The rising incidence of Covid-19 and the increased sedentary lifestyle have significantly decreased essential physical activity, exposing individuals to an increased risk of chronic diseases and musculoskeletal pain. A new breed of digital health solutions is emerging. As these solutions become more advanced, pharma and Medtech companies will play an increasingly important role.
Hinge Health
The startup world is full of exciting new health tech companies, and An Overview on Startups for MSK and bodily remedies is no different. By combining human care with superior technology, this company aims to improve patient outcomes and reduce the cost of medical treatments. Currently, the company employs 225 employees but plans to reach 400 by the end of the year. A significant problem facing the U.S. healthcare system is musculoskeletal care. Because musculoskeletal disorders are so common and costly to treat, digital health care can offer an affordable and effective solution to many MSK patients. Several startups have raised hundreds of millions of dollars in the past year, with one company closing multiple funding rounds by the end of 2021.
Sword
Sword for MSK and bodily remedies is an internet-based physical therapy company. Founded in 2015, Sword connects its members with physical therapists to improve their overall health. The company also provides wearable sensors and educational content. Most recently, it acquired Vigilant Technologies, a startup that builds devices to help people improve their posture and reduce the risk of injuries. The company primarily works with health plans and employers.
Sword’s solution combines a wearable sensor with virtual consultations with a physical therapy physician. A physical therapist matches patients with a therapist who develops a personalized exercise plan that evolves as the patient’s condition progresses. The patient can follow along via an app, guided by their doctor’s remote feedback. The Sword solution is available in the U.S., Australia, and Europe. Its total funding is $135 million.
PayZen
A recent study shows that two-thirds of MSK members reported little or no improvement in pain following surgery. In addition, one-third of survey participants took opioid prescriptions for over three months, increasing their risk of substance abuse and dependence. These outcomes are costly for Americans, who pay enormous amounts for inadequate care. And more than half of the population suffers from one or more MSK-related conditions.
The company is building its product to improve access to care for patients with health insurance and make treatment payments more affordable. The company recently closed a $15 million Series A round led by SignalFire with Link Ventures, SevenwireVentures, and Picus Capital participation. It also plans to invest in artificial intelligence (AI) and machine learning technology to improve underwriting capabilities. In addition, the company plans to invest in these technologies and expand its coverage of MSK and bodily remedies.