Please check your email. news and reports from all over the world. There is a natural discomfort from PTs regarding this solution as changes the definition of their role. Cookies Policy The addition was led by Khosla Ventures, with participation from Founders Fund, Green Innovations, Lachy Groom, Vesalius Biocapital and Faber Ventures. SWORD Phoenix costs from €50 monthly, up to five times less than in-person treatment by physiotherapists. We pair physical therapists with … cookies to enhance your user experience. The device is connected to an app for the patient, displaying his therapy outcomes each session, and via the cloud to the patient's physiotherapist at the clinic. Where do you see SWORD Health in five years? | SWORD Health is a pioneering digital healthcare company working to relieve the millions of people suffering from musculoskeletal pain. The risk of patients dropping out is also greatly minimized, with 96% of SWORD Phoenix users sticking to their prescribed therapy program five days a week. What makes Portugal and Portuguese to create and innovate that much? During the last 60 years the physical therapy industry has not changed; indeed, the way therapy is delivered is still based on a one-to-one patient therapist interaction, which implies high costs and much human labor. Copyright © 2016-2020 CompassList Pte Ltd. All rights reserved. SWORD Health was launched in 2014. Members use the app to chat with their PT, learn about their condition and train their brain with guided cognitive behavioral therapy sessions. The secret is the incredible talents and the desire to turn innovative ideas into concrete products and offerings. Or try again in a few Policy for more information on how we use cookies, as well as instructions on how to disable In clinical outcomes, it truly demonstrates that the solution works—but patients have rated the solution 91/100! How supportive is the government of the concept? Job openings at SWORD Health. Patients can text or contact the therapist through the platform to inform them of any issue. We understand that this new and groundbreaking solution is not actually made to replace physical therapists but to support them, although it does signpost potential job losses. help us by letting us know of any incomplete or inaccurate information on our website. The incredible talent pool of scientists and research that were ten or five years ago only researching, are now willing to bring their ideas to market. Copyright © 2016-2020 CompassList Pte Ltd. All rights reserved. Cookies Policy, Lister Premium Account Terms and Conditions The SWORD Health app helps members make changes that last. We pride ourselves on the accuracy of our information and reporting. “SWORD’s digital clinical care model has been shown to significantly improve healthcare outcomes for patients while reducing employer costs, reshaping the future of physical therapy,” said Khosla. Terms of Use In this exclusive interview, he describes how best to tackle future obstacles, the stigmatization endured in the disruptive startup world and the future for one of Portugal’s most promising healthcare startups. Salvar vaga. The latest funds will be used to accelerate scaling through investments in new partnerships, distribution, sales and marketing channels. The delivery of high-quality physical therapy is done remotely, reducing the pressure on overstretched human physiotherapists who have to treat many patients, each requiring two to three hours of therapy daily. Using a set of sensors that digitalizes patients’ movements, which is then sent to a tablet, a software then analyses and provides feedback to the patient, training the patient similar to how a human therapist would. cookies. SWORD Health enables PTs (physiotherapists) to bridge the gap between supply and demand by creating an artificial intelligence entity. COMMUNITY CONTRIBUTIONS. Established in late 2013,  the Porto-based company is addressing a severe global shortage of qualified physiotherapists, which has created a market for home rehabilitation forecast to be worth over $176bn by 2023. Please Headed by Indian-born tech pioneer and founder of Sun Microsystems Vinod Khosla, Khosla Ventures focuses on Black Swan investments with a special interest in healthcare. We use cookies to ensure that we give you the best experience on our site. SWORD Health is a digital musculoskeletal (MSK) therapy provider. SWORD Health nabs Portugal's second biggest Series A round within one year, SWORD Health’s AI-based physiotherapy solution has just clinched $9m from Khosla Ventures and Founders Fund, ringing in a total of $17m in Series A funding. Portugal. SWORD Health is proud to be an example of how an idea born inside the university world can be brought to market, capitalized and then receive several millions of founding from investors in United States, Europe. SWORD Health is a tech-enabled provider of physical therapy, pairing its digital therapists with human clinical teams to help patients recover faster, more cost-effectively and, above all, better. Two new investors also joined SWORD Health funding round for the first time: Unbabel investor Faber Ventures with a special interest in early-stage Portuguese tech and San Francisco-based angel investor and entrepreneur Lachy Groom. We entered the market during the first quarter of 2018, and already have important clients using the products, and more in the pipeline. Ultimately, however, we envisage SWORD’s solution being used around the world. We truly believe that in five years, thanks to SWORD, digital therapists will define the new standard of care for physical therapist’s provider. As the technology sits in a new category of products—something that never existed and represents a new standard of care—we are working with payers to see how best to reimburse this kind of therapy. The company, which currently has four overseas offices, will also boost clinical and operational investments to enhance patient-user experience and recovery. Could you introduce SWORD Health to our international readers? How has SWORD been received by the medical community so far? See insights on SWORD Health including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. SWORD Health also aims to bring down the cost of private physiotherapy, which is still unaffordable to many all over the world. SWORD Health is creating digital therapy, a novel and pioneering concept. Luxury e-retailer Farfetch raised Series A funding of $4.5m in 2010, while low-code platform OutSystems went straight from seed to Series B funding of $5.4m during the period of 2005–07. | Lister Premium Account Terms and Conditions Virgilio Bento, known as ‘V’ amongst his peers, invites readers to discover SWORD Health, an interactive solution for patients undergoing physical recovery programs. Copyright © 2016-2020 CompassList Pte Ltd. All rights reserved. SWORD Health is a digital musculoskeletal (MSK) therapy provider. You may disable cookies through your internet browser settings, however this may result in some parts of the website not working properly for you. Salve esta vaga com seu perfil atual do LinkedIn ou crie um novo. A medtech startup has raised the second biggest Series A funding round in Portugal, beating records set by unicorns like Farfetch and OutSystems. Your sample has been sent. First based at the University of Aveiro as part of the Startup Braga incubator, the company developed SWORD Phoenix, which can be used to treat around 90% of musculoskeletal disorders, producing 29% better outcomes than conventional therapy according to the company. Bento recalled how difficult and expensive it was to get such treatment for his brother due to the acute shortage of physiotherapists at local clinics and hospitals. Privacy Policy Or try again in a few moments. Our founders were inspired by the challenges our CEO, Virgílio Bento’s, brother faced recovering from an accident in his native Portugal. Findster The one to one therapy of patients with therapists has been changed to a one to one N patients for each therapist. Plus, the aging population is making the demand grow even more, when sadly, the supply is not there. SWORD Health is a pioneering digital healthcare company working to relieve the millions of people suffering from musculoskeletal pain. We have realised that opening to the world was the key to survive, and the best way to do it is to bet on innovation, science and education.