OpenLoop Health is a technology company.
OpenLoop Health has raised $26.0M across 3 funding rounds.
OpenLoop Health has raised $26.0M in total across 3 funding rounds.
OpenLoop Health has raised $26.0M in total across 3 funding rounds.
OpenLoop Health's investors include Highland Capital Partners, Greg Brockman, Next Level Ventures, Oak HC/FT, Portage Ventures.
OpenLoop Health is a health tech company providing full-stack, white-labeled telehealth infrastructure to enable digital health companies to scale virtual care services nationwide.[1][2][3][5][6] It builds a platform that connects a network of over 16,000 clinicians with telehealth innovators, handling clinician matching, licensing, credentialing, onboarding, scheduling, payroll, EHR management, legal compliance, and revenue cycle management across all 50 states.[1][3][4][5] The company serves telehealth companies, digital health startups, enterprises, employers, and health systems, solving clinician shortages, regulatory hurdles, and operational complexities to accelerate patient care delivery and bridge care gaps.[1][3][5] With over 120 active clients and more than 1 million patient visits facilitated, OpenLoop demonstrates strong growth momentum, fueled by post-pandemic telehealth expansion and recent investments in AI technology.[5]
OpenLoop Health was founded in January 2020 in Des Moines, Iowa, by CEO Jon Lensing and co-founder Christian Williams.[1][4] Initially, the company paired regional healthcare facilities with locum tenens clinicians to fill staffing shifts, drawing on Lensing's experience in healthcare staffing.[1][4] The COVID-19 pandemic, hitting just months later, prompted a pivot to telehealth: the founders saw an opportunity to support facilities with virtual care delivery, rapidly building a clinician network and compliance infrastructure.[1][4] This shift aligned with their vision to "power healing anywhere," leading to quick expansion into partnering with telehealth companies needing vetted providers and full-service operations support.[1][2][4]
OpenLoop rides the telehealth boom accelerated by the COVID-19 pandemic, capitalizing on surging demand for virtual care amid clinician shortages and regulatory easing.[1][4][5] Its timing is ideal: post-2020, telehealth adoption exploded, creating needs for scalable infrastructure that OpenLoop addresses by simplifying multi-state compliance—a key barrier for digital health firms.[1][3][6] Market forces like aging populations, rural access gaps, and employer-sponsored virtual care favor its growth, positioning it as essential backend support for startups and enterprises.[2][5] By powering 1 million+ visits and expanding into AI and new markets, OpenLoop influences the ecosystem as a "go-to infrastructure" enabler, fostering innovation in accessible care without companies rebuilding operations from scratch.[5][6]
OpenLoop is poised for continued expansion through AI integrations, deeper employer/health system penetration, and clinician network growth, building on 2024's momentum of 120+ clients and 1 million visits.[5] Trends like AI-driven clinical efficiency, value-based care mandates, and hybrid virtual models will shape its path, amplifying demand for its compliant, scalable stack.[5] Its influence may evolve from telehealth enabler to dominant health tech platform, potentially attracting acquisitions or partnerships amid consolidating digital health markets—cementing its role in powering healing anywhere as virtual care becomes standard.[1][5] This positions OpenLoop as a resilient leader in a maturing sector, directly advancing its founding vision.
OpenLoop Health has raised $26.0M across 3 funding rounds. Most recently, it raised $15.0M Series A in March 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2023 | $15.0M Series A | Highland Capital Partners, Greg Brockman | |
| Mar 1, 2022 | $8.0M Series A | Next Level Ventures, Oak HC/FT, Portage Ventures | |
| Apr 1, 2021 | $3.0M Seed | Next Level Ventures, Oak HC/FT, Portage Ventures |