CareWell, a New York-based Medicare Advantage Institutional Special Needs Plan (I-SNP), now covers virtual reality (VR) therapy for nursing home residents. Its parent organization, AgeWell New York, partnered with MyndVR to lease 15 VR headsets and five tablets. Financial terms were not disclosed. CareWell’s coverage went live on January 1, 2023.
The VR therapy is covered as a CareWell supplemental benefit for its I-SNP members in five skilled nursing facilities (SNFs). The therapy is intended to stimulate memory and promote brain health. AgeWell anticipates that the sessions may also reduce the users’ need for psychotropic medications . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.