OpenLoop, a leader in white-label telehealth support services that fuel virtual and hybrid care across the country, announced today that it has raised $15 million in Series A funding. Nava Ventures led the round, with new investors UnityPoint Health Ventures and PrimeTime Ventures joining current investors SpringTide Ventures and ManchesterStory.
In addition, the company unveiled a new countrywide insurance payer network that will allow clients to provide reimbursable services to patients rather than simply cash payments.
OpenLoop was co-founded by CEO, Dr. Jon Lensing, and COO, Christian Williams, with the vision to bring healing anywhere. The company’s solutions are thoughtfully designed to streamline and simplify go-to-market care delivery for companies offering virtual support to patients across an expansive array of specialties in all 50 states, with patient-friendly insurance coverage.
The aim of OpenLoop was to increase access to care and enhance community health outcomes. The company’s primary telehealth technologies have been painstakingly built to streamline and simplify go-to-market care delivery for enterprises providing virtual support to patients across a wide range of specialties across the whole United States.
OpenLoop’s network of over 6000 qualified doctors spans all 50 states, provides over 30 digital health specializations, and speaks 15 languages. They provide continuity of care at all touchpoints, which means patients can choose to see the same practitioner for every appointment. This not only strengthens clinician-patient connections, but it also boosts engagement and care outcomes.
The company also provides user-friendly technology that is tailored to the needs of healthcare providers and their patients. With its built-in HIPAA compliance software, their API-driven platform can be aligned to fit brand objectives and securely houses patient Information. Doctors may arrange appointments, write prescriptions, keep track of chart notes, and accept bookings and payments all in one place.
Enterprises can also use OpenLoop’s Regulatory & Legal and Licensing & Credentialing services to maintain their practice and doctors in compliance with industry rules and regulations while they focus on their patients. Now, the company works with a number of key players in the field, including well-known pharmacies, merchants, hospitals, and health systems.