Vori Health, a digital health company that provides both virtual and in-person musculoskeletal care, secured $53 million in Series B funding.
The funding round was led by New Enterprise Associates (NEA), with additional support from Echo Health Ventures, Max Ventures, AlleyCorp, and Intermountain Health’s Intermountain Ventures.
What Vori Health Does
Vori Health focuses on musculoskeletal care — that means treating problems related to muscles, bones, joints, and movement. The company connects patients with a team of healthcare professionals, including specialty medical doctors, physical therapists, health coaches, and nutritionists.
Patients can access:
- Diagnoses and treatment plans
- Non-opioid pain relief prescriptions
- Virtual physical therapy sessions
- Diagnostic imaging orders (like MRIs)
- Support before and after surgery
- Lifestyle coaching focused on improving long-term health
- Second opinions on musculoskeletal conditions
Vori Health’s care model treats musculoskeletal issues without relying on surgery or heavy medication whenever possible, focusing instead on holistic, long-term solutions.
How Vori Health Plans to Use the New Funding
Vori Health plans to use the $53 million to expand its value-based care programs model across the country.
Dr. Ryan Grant, the cofounder and CEO of Vori Health, said the company’s value-based care approach is already delivering results. “By combining top-tier specialty doctors, integrated care teams, and advanced technology, we’re achieving remarkable health outcomes nationwide. The fact that major corporations and national health plans are adopting our platform so quickly shows there’s a real demand for comprehensive musculoskeletal care.”
Vori Health’s Competitive Landscape
Vori Health is not the only company focused on musculoskeletal care. Other companies in the space include:
- Hinge Health
- Founded in 2015, Hinge Health also provides virtual musculoskeletal care.
- Hinge Health offers patients access to health coaches, physical therapists, and orthopedic surgeons.
- Hinge Health raised a total of $828 million across several funding rounds, bringing its valuation to $6.2 billion.
- Sword Health
- Sword Health provides virtual care and physical therapy for musculoskeletal issues, including chronic pain and post-surgery recovery.
- In 2021, Sword Health raised $163 million in Series D funding, with an additional $26 million added through a secondary investment — boosting its valuation to $2 billion.
The Bigger Picture
The musculoskeletal care market is the fastest growing market – because musculoskeletal problems — like back pain, arthritis, and joint problems — are affecting millions of people. Treating these musculoskeletal problems costs the U.S. healthcare system billions of dollars every year.
Digital health companies like Vori Health, Hinge Health, Sword Health, and Transcarent are racing to build more effective and cost-efficient solutions using virtual care, data analysis, and AI.
Vori Health’s latest funding round puts the company in a strong position to compete in this growing market. By expanding its care model and improving its technology, Vori Health hopes to offer faster, more personalized care while reducing overall healthcare costs.