OpenLoop

OpenLoop is a telehealth technology service provider that offers a range of services supporting telehealth delivery including regulatory/legal guidance across all 50 states, hiring of staff, building web platforms, business process outsourcing, and revenue cycle management. Its white-label B2B plug and play service is available to healthcare providers and other companies looking to scale their digital health solutions. Digital companies that are using its services include Thirty Madison, Cano Health, and Rezilient. The company also provides services to clinicians, where they can sign up to the platform to find positions in their field of expertise and choose which healthcare provider they work with and their hours.

As of March 2023, the company covered 250 million patient lives, works with more than 600 payers and health plans, and has reached 10,000 providers.

Funding and financials

In March 2023, the company raised USD 15 million in a Series A funding round led by Nava Ventures, along with participation from other venture capital firms. The company did not specify what the raised funds will be used for. The company also announced the launch of its national health plan network and revenue cycle management service. The service offers coverage across the entire US and will work with healthcare providers to offer more payment options for patients, along with assistance on claims and reimbursements.