Equity investment program Virginia Venture Partners has invested in MD Ortho Systems, an orthopedic virtual care provider for employee populations.
MD Ortho plans to use the investment to improve its proprietary technology and grow its business, according to a June 5 press release from Virginia Innovation Partnership Corp., the parent company of Virginia Venture Partners.
Workplace orthopedic disorders can be costly to U.S. businesses, often requiring further care from orthopedic surgeons for diagnosis and treatment.
About 80 percent of workers' compensation claims are orthopedic in nature, according to the report.
MD Ortho Systems is giving workers access to virtual orthopedic care quickly and more cost effectively, with less wait time.
MD Ortho can manage hundreds of types of injuries, from medication prescriptions to imaging orders. Patients can access care directly from a tablet or smartphone, with no copays or deductibles.