Company type | Medication assisted treatment provider |
---|---|
Industry | Healthcare |
Founded | 2017 |
Founder | Ankit Gupta |
Headquarters | Boston |
Area served | 25 states in United States |
Key people | Ankit Gupta (Founder and CEO),[1] Chris Norris (CTO), Justin Guadagno (CCO)[2] |
Website | https://www.bicyclehealth.com/ |
Bicycle Health is a virtual medication assisted treatment provider for opioid use disorder (OUD). The Boston-based company was started in 2017 and was named a TIME 100 Most Influential Company in 2022.
Bicycle Health was founded in 2017 by Ankit Gupta. Initially the company operated a clinic in Redwood City, California, but during the COVID-19 pandemic, it began providing virtual treatment methods.[3]
The company's seed round of funding was led by SignalFire and other angel investors in May 2020.[4] In June 2022, it raised $50 million in series B funding round, bringing its total fundraise to date to $83 million.[5][6] The round was led by InterAlpen Partners and other investors like Questa Capital, Frist Cressey Ventures, City Light Capital and Cobalt Ventures.[7]
Bicycle Health has partnerships with several insurance companies including Aetna, Blue Cross/Blue Shield, Cigna (Evernorth), Medicaid and United Healthcare.[8][9] It has also collaborated with emergency telehealth provider, Tele911, clinician mental health provider, Marvin and healthcare technology company, Bamboo Health.[10][11][12]
In January 2022, Bicycle Health became a council member of the ATA Action Founding Advocacy launched by The American Telemedicine Association.[13]
Bicycle Health provides opioid use disorder, specifically the suboxone (buprenorphine) therapy, via telemedicine. It also offers medication management, support groups, at-home drug testing, patient monitoring and care coordination. As of October 2022, Bicycle Health has served 18,000 patients by its services in 29 states.[2][14][8]
The company was recognized as one of the TIME100 Most Influential Company in March 2022.[14]