Fast-growing and mission-driven leader in virtual reality medicine, pioneering a new category of immersive therapeutics known for its culture of excellence and empowering its team to succeed
LOS ANGELES, October 10, 2022 /PRNewswire/ — Applied VR, a pioneer of immersive therapeutics driving a novel approach to medicine, today announced that it has received four awards for outstanding corporate culture and the support of its workforce. Awards presented by Comparably included Happiest Employees, Best Company Compensation, Best Company Work-Life Balance, and Best Company Perks & Benefits. AppliedVR received comparable awards in each category this quarter.
Comparably Awards are derived from sentiment ratings anonymously submitted by employees about their jobs across multiple categories on Comparably.com over a 12-month period. Winners are then determined based on 20 key culture metrics ranging from work-life balance to compensation. From tens of thousands of considerations, AppliedVR was ranked 33rd for Happiest Employees, 22nd for Best Company Compensation, 36th for Best Work-Life Balance, and 24th for Best Perks and Benefits for Small and Medium Businesses.
“For the past seven years, AppliedVR has been committed to helping millions of people in pain by developing breakthrough immersive therapeutics that are accessible to all. Everyone on our team cares deeply about our mission and strives to make a difference every day,” said Matthew Stoudt, co-founder and CEO of AppliedVR. “However, the only way we can fulfill our mission is to ensure that we create a world-class organization that puts people first and truly puts people’s needs at the heart of everything we do. These awards reflect the unique culture we are building.”
AppliedVR is leading a revolution in medicine to address a variety of indications through virtual reality-based therapeutics. The company recently became a get FDA approval first to treat pain—specifically his RelieVRx Product indicated as adjunct treatment for chronic back pain. Going forward, AppliedVR will continue to build out the device distribution infrastructure to support broad market entry next year while pursuing multi-payer reimbursement pathways and conducting further clinical trials to demonstrate the efficacy of its products. The company also plans to explore label extensions to support more indications in the near future.
AppliedVR is hiring across multiple teams nationwide and expects its workforce to grow about 50 percent over the next year. For more information, see AppliedVR Careers Page.
AppliedVR creates a new reality in healthcare. We are pioneering immersive therapeutics (ITx), a new category of medicine, to treat intractable health problems affecting millions of people worldwide. Today, AppliedVR treatments represent a robust approach to chronic low back pain (CLBP) that empowers patients with an intuitive device they can self-manage at home. AppliedVR’s RelieVRx™ program is the first VR-based prescription therapeutic to receive FDA Breakthrough Device Designation and De Novo Clearance for CLBP. Trusted by more than 200 leading healthcare systems and thousands of healthcare professionals worldwide, AppliedVR’s wellness programs are used with more than 60,000 patients. For more information visit www.appliedvr.io.
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