Provides a comprehensive telehealth infrastructure that includes clinician staffing, licensing, credentialing, regulatory compliance, and a white-label technology platform. It enables healthcare organizations to launch and scale virtual care services quickly, offering nationwide payer coverage and support for over 600 insurance plans, including Medicare and Medicaid.
Funding
$23.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+8Founders
Product
Problem
Healthcare organizations face challenges in rapidly launching and scaling virtual care services due to complexities in clinician staffing, licensing, credentialing, regulatory compliance, and technology platform development. Managing payer coverage and revenue cycle management adds further burden to these organizations.
Solution
OpenLoop provides a comprehensive telehealth infrastructure designed to streamline virtual care delivery for healthcare organizations. The company offers a white-label technology platform, clinician staffing, licensing and credentialing services, and regulatory and legal compliance support. OpenLoop also handles payer coverage and revenue cycle management, enabling healthcare organizations to quickly launch and scale virtual care services across all 50 states. The platform supports both synchronous and asynchronous care models, along with booking and payment functionalities.
Target Audience
The primary customers are healthcare organizations, including early-stage telehealth companies, established telehealth providers, brick-and-mortar practices, digital health companies (AI, e-Labs, e-Pharmacy, Hardware / Software or Imaging), health plans, diagnostic labs, medical weight loss programs, mental and behavioral health services, primary and urgent care providers, retailers and pharmacies, and hospitals and health systems.
Features
- White-label technology platform for custom-branded virtual care experiences
- Provider staffing and PC group management
- Assistance with legal and financial setup
- Licensing and credentialing services for clinicians
- Nationwide payer coverage with support for over 600 insurance plans, including Medicare and Medicaid
- Revenue cycle management (RCM) services
- Diagnostic imaging support
- Regulatory and legal compliance assistance
- Support for both synchronous and asynchronous care
- Booking and payment processing capabilities