OpenLoop raises $15M to enhance virtual care support services

The company also announced a new payer network and revenue cycle management service. With the help of $15 million in Series A funding, OpenLoop, which offers staffing and support to digital health startups developing virtual care services, has unveiled a national payer network and revenue cycle management service. With PrimeTime Ventures, UnityPoint Health Ventures, ManchesterStory, and SpringTide Ventures also investing, the round was led by Nava Ventures. The Iowa-based business assists businesses creating virtual care services with regulatory and legal support, telehealth infrastructure, provider staffing, administrative services, and revenue cycle management. The company's payer coverage and revenue cycle management service blends its countrywide payer coverage clinician network with its revenue cycle management offerings to support digital health enterprises with the reimbursement and payment process. "During the past year, OpenLoop has experienced phenomenal growth within our business.