MyndVR’s Digital Therapeutics Get Insurance Coverage

VR-based therapeutic solution MyndVR announced that its VR technology will be covered by insurance.

Image credit: MyndVR

MyndVR, the award-winning provider of VR-based, digital therapeutic experiences designed for the aging population, has announced that its VR therapeutic technology will be covered by insurance for the first time ever. To achieve this, MyndVR has partnered with AgeWell New York, a specialty managed care organization serving Medicare and Medicaid populations in New York, according to a press release.

"Our members are enthusiastic about their ability to use MyndVR," said Agewell New York Lead Senior Benefits Advisor, Constance Harris-Fields. "We see this program helping with isolation, anxiety, and depression, while stimulating memories, conversation, and socialization, which is especially important in the wake of the pandemic." AgeWell New York's CareWell Plan members can use MyndVR headsets to enjoy virtual travel, special adventures, entertainment, and more. They can also share their real-time experience with family members nearby. "We've seen first-hand how visiting a special place can brighten the outlook of our skilled nursing facility members. The MyndVR benefit enhances our personalized approach to health care."

Read more: World’s First Immersive Gastronomy Experience

"It is monumental to our mission to bring on board our first health insurance provider, to help broaden access to the impactful results of MyndVR to CareWell members," said MyndVR CEO and Founder, Chris Brickler. "As we continue spreading awareness of the importance of therapeutics in VR being covered by insurance, this is an exciting step in the right direction – only further proving why the Access to Prescriptive Digital Therapeutics Act has a growing need to be passed by Congress."

The partnership marks a major milestone for MyndVR as the company looks to expand coverage of its groundbreaking technology amongst Medicare Advantage plans and Managed Medicaid plans. The company also recently announced its DitigalTherapyNow.org coalition in support of the Access to Prescription Digital Therapeutics Act, which would formally recognize digital therapeutics at a federal level. The coalition provides information, updates, resources, and a growing petition to support the successful passing of the bill.

About MyndVR

MyndVR is the leading provider of Virtual Reality solutions for senior living communities, home care agencies, Veteran homes, and individual adults aging in their own homes across the US, Canada, and Australia. The company is also a proud Allied Partner with We Honor Veterans. MyndVR is building the most advanced portfolio of original and licensed therapeutic VR content.

About AgeWell New York

AgeWell New York offers high-quality and affordable Medicare Advantage Prescription Drug Plans for individuals with Medicare, Medicare, and Medicaid, and a Medicaid Advantage Plus (MAP) Plan for those who need community-based long-term care services and supports in the home. AgeWell New York launched in 2012 to help seniors and vulnerable adults live well, feel well, and age well in New York by delivering value in healthcare coverage and care management services.

Sam Draper
March 15, 2023

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