MyndVR

Immersive Therapeutics for the Aging Population
Dallas

About MyndVR

MyndVR is a leading provider of digital health products to the growing population of older adults and their caregivers. The company's subscription bundle includes all-in-one VR headsets, caregiver companion tablets, a senior-friendly proprietary interface, and a large library of original and licensed VR content. Welcome to a whole new world of Immersive Therapeutics. Welcome to MyndVR!

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Problem statement

Across the world, the population is aging like never before, creating opportunities for new healthcare products focused on the needs of seniors and their caregivers.

1. Population explosion: 10,000 Baby Boomers are turning 65 every day for the next 8 years in the United States alone
2. Loneliness and isolation affect 70% of seniors in nursing homes and are associated with a 50% increase in risk of dementia
3. Current senior care programs are inadequate – residents spend an average of 4.8hrs/day left alone or watching TV
4. Overuse and abuse of opioids and anti-psychotics in senior care
5. 1M+ new caregivers needed over next 5 years

Traction information

1. Currently serving several hundred senior communities across the US, Canada, Australia, and the UK
2. Distribution partnerships with major industry leaders, including AT&T, Select Rehabilitation (the largest contract therapy provider in senior care), and Omega Healthcare Investors (the largest REIT in senior living)
3. Strategic investments from Select Rehabilitation and HTC (one of the world's largest VR companies)
4. Significant provider of VR therapeutics to the veteran market, including both the US Dept. of Veterans Affairs and the National Association of State Veterans Homes
5. Collaborated with Stanford University on the largest study ever conducted on VR and seniors (results to be published mid-2023)
6. First VR company to be approved as a supplemental benefit by a Medicare Advantage plan
7. Advisory Board consisting of the world's leaders in VR as a healthcare product
8. Hundreds of media articles from a broad range of online, print, and TV news providers, including Good Morning America, CNN, FOX News, The Washington Post, The New York Times, AARP, NASDAQ, and more

Updates

Profile created.
Added 10 months ago