Loop Health
Loop Health is a YC Winter 2020 (W20) company. Based in MH, India. Team of 27.
About Loop Health
Summary
Loop Health sells Indian employers a combined group health insurance and primary care benefit that replaces the country's standard hospitalization-only plans. Employees get unlimited primary care visits at asset-light clinics, 24/7 virtual consultations, and access to wellness and chronic care programs. Because employees see doctors before problems escalate, Loop can also underwrite lower hospitalization premiums than conventional insurers.
Business model
Per-member annual fee paid by employers, plus a margin on prescriptions, lab tests, and hospitalization referrals.
Go-to-market
Indian HR and benefits teams are the buyers; they engage through a sales-assisted demo request flow on the Loop website.
From the Y Combinator listing
Modern & comprehensive health insurance plan for employees in India
Loop Health is a new type of healthcare provider in India combining high-quality primary care and insurance for employers. Employees get unlimited primary care visits at our asset-light clinics, alongside traditional hospitalization insurance. During YC, we grew from 0 to $85,000 ARR with 200% MoM growth. We serve 22 companies and 5500 members across Pune. Employers pay us $15/member/year and we make an additional $25 on prescriptions, lab tests, and hospitalization referrals. Our total gross margins are 70%. 200MM Indians are covered with employer-funded health insurance, representing a $8 billion dollar market opportunity, growing at 27% CAGR. Indian employers are dissatisfied with their health benefits today because insurance in India only covers hospital stays, not doctor visits – and only 8% of their employees will ever use the benefit in the year. With Loop, employers can offer a more engaging health benefit that includes doctor visits and telemedicine, alongside traditional hospital coverage, for about the same price. Because their employees have better access to doctors, we can also offer lower insurance premiums.
Facts
- Healthcare / Healthcare -> Healthcare Services
- MH, India
- 27
- Active
- Growth
Founders (2)
- Mayank Kale
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