Virginia Venture Partners, the equity investment program of the Virginia Innovation Partnership Corporation, has announced an undisclosed investment in MD Ortho Systems, a “virtual-first” provider of workplace-related orthopedic medical services, CityBiz reports.
Based in Charlottesville, Va., MD Ortho offers employees direct access to orthopedic specialists, bringing cost cuts and productivity gains to employers.
“There are 137 million annual U.S. healthcare visits for orthopedic conditions, and 80% of workers’ compensation claims are orthopedic in nature,” said MD Ortho CEO Joe Jennings, previously the founder of digital therapeutics firm BeHealth Solutions. “The current system is incredibly inefficient and costly for both employees and their employers.” Read more.
