New York City-based Hospital for Special Surgery received a $21 million series A funding round to launch RightMove, a company focused on virtual physical therapy.
Amy Fahrenkopf, MD, senior vice president at HSS and president of HSS Health, will be interim CEO of the company, according to an Oct. 25 news release. An executive search is underway.
"We believe RightMove can address an unmet need in the market by being a true value-based partner to health plans and employers through our proven care model, use of specialty trained physical therapists and unparalleled experience providing telerehabilitation," she said in the release.
The funding will build out RightMove's technology platform and create a network of physical therapists. RightMove plans to go live and treat patients in 2023. Flare Capital led the funding round.