Bicycle Health

Bicycle Health

Telehealth services for opioid use disorder

About Bicycle Health

Simplify's Rating
Why Bicycle Health is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Healthcare

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$101M

Headquarters

Boston, Massachusetts

Founded

2017

Overview

Bicycle Health provides online treatment for opioid use disorder (OUD) through a secure app, allowing patients to receive care without visiting a physical clinic. Their main service is Medication for Addiction Treatment (MAT), which helps patients stop using opioids with minimal discomfort, leading to better recovery outcomes. The company accepts most major insurance plans, generating revenue through insurance reimbursements for the clinical care and support they offer. Bicycle Health distinguishes itself with a full-time care team that includes medical providers and support staff, ensuring high-quality service. They also offer same-day Suboxone prescriptions, enhancing their service accessibility. The goal of Bicycle Health is to provide effective and patient-centered care to help individuals rebuild their lives after addiction.

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Funded Recently
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Simplify's Take

What believers are saying

  • Bicycle Health achieved profitability in 2024, indicating financial stability.
  • The company serves over 40,000 patients across 49 states, showing extensive reach.
  • Partnerships with Talkspace expand referral pathways, increasing patient access to care.

What critics are saying

  • Increased competition from Talkspace's Behavioral Health Consortium may divert potential patients.
  • Expansion into adolescent treatment in Maine may face regulatory challenges.
  • Partnership with Wellpath may expose Bicycle Health to regulatory scrutiny and liability issues.

What makes Bicycle Health unique

  • Bicycle Health offers virtual opioid use disorder treatment, a unique telehealth service.
  • The company provides same-day Suboxone prescriptions, enhancing its competitive edge.
  • Bicycle Health's patient-centric approach strengthens patient-provider relationships in addiction treatment.

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Funding

Total Funding

$101M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

Home Office Stipend

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Benzinga
Jan 29th, 2025
Bicycle Health raises $16.5M, profitable

Bicycle Health, the largest U.S. provider of virtual opioid use disorder treatment, achieved profitability in 2024 and raised $16.5M led by Questa Capital. The funding will expand access to its care model, hire specialists, and enhance technology. The company serves over 40,000 patients across 49 states. New executives include CFO Manu Kuppalli and COO Andy Thomas. Bicycle Health aims to combat the opioid crisis with sustainable growth and effective care.

Fierce Healthcare
Jul 31st, 2024
Bicycle Health launches virtual MOUD program for teens in Maine to meet demand

Bicycle Health, a virtual provider of opioid use disorder (OUD) treatment, is launching a program for teens in the state of Maine.

WMTW
Jul 30th, 2024
Virtual opioid use disorder treatment center opens for Maine adolescents

The nation's largest provider of virtual opioid use disorder treatment, Bicycle Health, has launched a first-of-its-kind virtual treatment program for Maine adolescents.

Business Wire
Apr 29th, 2024
Talkspace Launches Behavioral Health Consortium Of Specialized Care And Treatment Programs, Expanding In-Network Offerings For Members

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health company, announced the launch of its Behavioral Health Consortium, a curated network of specialty providers featuring Charlie Health, Ria Health, Bicycle Health, and more. This consortium enables Talkspace clinicians to refer insured members to like-minded, in-network, clinically-vetted specialty care providers who provide a higher level of care for higher acuity needs such as treatment for alcoholism, substance use, and eating disorders. As one of the largest in-network digital mental healthcare providers, covering more than 130 million lives, Talkspace is helping patients stay in-network and enhancing access to comprehensive, whole person care. With almost one-third (28.2%) of all adults with mental illness reporting that they were not able to receive the treatment they needed, and nearly 42% of adults reporting they were unable to receive necessary care because they could not afford it, Talkspace’s Behavioral Health Consortium aims to bridge the gap in care. Patients in need of higher levels of care or more structured treatment programs can benefit from Talkspace's clinical team meticulously vetting these providers and can leverage their insurance to access these specialized services, while remaining in-network and removing financial barriers to accessing essential treatment and quality care. “We know it is important for our payer partners to keep their members in-network, as they strive to provide them affordable access to the support they need to thrive,” said Erin Boyd, Chief Growth Officer at Talkspace

Business Wire
Mar 19th, 2024
Talkspace Launches Health Collective To Further Expand Accessibility To Healthcare Services

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health company, announced the launch of Health Collective, a new wellness ecosystem featuring Oura, Evernow, Bicycle Health, Conceive, Options MD, and more. The platform will provide members with vetted and curated resources, and member benefits across the entire health spectrum, with the goal of expanding accessibility to high-quality and holistic care. These free-to-access resources are one piece of a holistic collaboration with brands who are featured in the marketplace, where Talkspace will also work with them on provider handoffs, education, and thought leadership. The launch of Health Collective is part of Talkspace’s focus on bolstering strategic partnerships, driven by an understanding of the evolving healthcare landscape and the diverse needs of clients and patients. Through various collaborations with companies vetted by the Talkspace clinical team, the platform will provide members with access to women’s health, specialty care, and well-being-focused resources. With an array of specialty partners involved in Health Collective, Talkspace will bring comprehensive, whole-person care to market more quickly and efficiently than ever before

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