OpenLoop, which supplies staffing and assistance to digital health business releasing virtual care services, amassed $15 million in Series A financing and revealed an across the country payer network and earnings cycle management service.
Nava Ventures led the round with involvement from PrimeTime Ventures, UnityPoint Health Ventures, ManchesterStory and SpringTide Ventures.
WHAT THEY DO
The Iowa-based business provides regulative and legal help, telehealth facilities, company staffing, administrative services and earnings cycle management to business developing virtual care services.
The business’s payer protection and earnings cycle management service combines its across the country payer protection clinician network with its earnings cycle management offerings to assist digital health business with the repayment and payment procedure.
” OpenLoop has actually seen incredible development within our business in the in 2015. Our dedication to supplying virtual care services that concentrate on supporting exceptional and significant client care at every touchpoint is what’s driven that success. We anticipate the chances this next round of financing will give the business and our customers,” Jon Lensing, CEO and cofounder of OpenLoop, stated in a declaration.
MARKET PICTURE
In 2022, OpenLoop scooped up $ 8 million in Series A financing, a year after it closed an oversubscribed $ 3 million seed round
Another virtual care staffing and services supplier is Wheel, which raised $ 150 million in 2015 in Series A financing, bringing its overall raise to $216 million. In November, the business gotten GoodRx’s backend virtual care innovation for $ 19.5 million in money
Nevertheless, Wheel was not unsusceptible to the current string of layoffs amongst tech business. Over the summertime, the Texas-based clothing laid off 17% of its personnel, or 35 staff members, and last month release 56 staff members, or 28% of its labor force
Emily Kwan will provide more information at her HIMSS23 session “Carrying out an AI NLP Tool to Address SDOH Requirements.” It is set up for Tuesday, April 18, at 1:30 p.m. – 2:30 p.m. CT at the South Structure, Level 1, S105 C.