Hospital for Special Surgery raises $21M for a for-profit physical therapy spinoff
In the October 26 edition of “Health Pulse” Crain’s New York Business reports HSS has raised $21 million in a Series A financing round to build RightMove, a for-profit company to provide virtual physical therapy to patients around the country. Flare Capital led the round.
Amy Fahrenkopf, MD, senior vice president of HSS and president of HSS Health said RightMove has been in the works for about a year and aims to make physical therapy more efficient and cost-effective for more patients. Additionally, Dr. Fahrenkopf noted RightMove will offer two services: 45-minute virtual assessments with a physical therapist that patients can book if they hurt themselves and need to know where to go in their area, and virtual physical therapy for nonsurgical patients. Patients do not need a referral for virtual therapy.
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Additional coverage: Beckersspine.com.