Founded in 2017, Bicycle Health provides confidential, clinically-validated Medications for Addiction Treatment (MAT) and integrated behavioral health via telemedicine for opioid use disorder. Its core offering includes online suboxone treatment and customized care plans delivered by medical providers, behavioral health clinicians, and clinical support specialists. Services are available in over 20 states and include synchronous and asynchronous access to care teams, same-day prescription refills, peer support groups, psychotherapy, and regular in-home diagnostics testing. Bicycle Health also provides referrals to primary care and community support services to address social determinants of health. The company raised additional capital to accelerate expansion of its telehealth OUD treatment, extending its Series B financing. The new injection brings total funding to date to $83M. Bicycle Health provides virtual opioid use disorder (OUD) treatment using a Medications for Addiction Treatment (MAT) model. The company delivers nationally distributed virtual care and has expanded into its 25th state, Delaware, serving over 15,000 patients. Bicycle reports its care has reduced OUD symptoms and saved the healthcare system more than $1.1 billion. It intends to use new funding to grow clinical and technology teams, advance its virtual care platform, expand access through strategic partnerships, and develop research into the efficacy and outcomes of its virtual MAT model. Founded in 2017 by CEO Ankit Gupta, Bicycle continues scaling its virtual treatment offering. Bicycle Health provides Medications for Addiction Treatment (MAT) and integrated behavioral health support delivered virtually for opioid use disorder. The company creates customized treatment plans delivered by medical providers, behavioral health clinicians and clinical support specialists. Services include synchronous and asynchronous access to care teams, same-day prescription refills for medication management, peer support groups, psychotherapy and regular in-home diagnostics testing. Bicycle also offers referrals to primary care and community support services to address social determinants of health and is available in over 20 states. The company announced national in-network insurance coverage from UnitedHealthcare, Aetna, and Medicare and Medicaid in select states to improve affordability. It plans to use the new capital to expand its clinician network, partner with additional payers, invest in research and build local community partnerships to reach patients without other treatment options. Bicycle raised $27M in Series A financing to support these initiatives. Bicycle Health provides virtual treatment for opioid use disorder, combining buprenorphine prescriptions with a team of health coaches and in-home diagnostic testing delivered through its mobile app. The company shifted from an initial clinic in Redwood City, California to remote care as COVID-19 and new HHS regulations expanded access to telemedicine. It currently treats roughly 2,000 patients with three health coaches supported by 12 clinical support specialists and is operating in 18 states. Bicycle Health partners with GoodRx to lower out-of-pocket medication costs for uninsured patients and works with local and national providers to subsidize care. The company plans to expand availability to 25 states by the end of the first quarter of 2021. Founded/launched in 2017, Bicycle frames its mission around creating a safe, scalable space for addiction treatment rather than applying a "move fast" mentality to healthcare.

Total raised

$88M

Funding rounds

4

Latest round

Series B

Latest activity

Sep 2022