Hospital for Special Surgery, which specializes in musculoskeletal health, announced a $21 million Series A to launch RightMove Powered by HSS™, an independent for-profit company, whose mission is to make high quality, patient-focused virtual musculoskeletal physical therapy available to all Americans. The round, led by Flare Capital and HSS, will be used to build out RightMove’s technology platform and create a nationwide network of specialty-trained physical therapists. RightMove expects to begin treating patients in late Q2 2023.
RightMove addresses a critical need as half of all U.S. adults experience MSK-related issues leading to an annual national health expenditure of over $380 billion, according to a press release. Access to physical therapy has been shown to reduce unnecessary surgeries, injections, emergency room visits, and imaging – resulting in better outcomes at a lower cost for patients, employers and payors. Read more.
