Loop Health

Loop Health operates in the Indian insurtech sector, providing integrated health insurance and primary care services to corporate clients. Founded in 2018 by Mayank Kale, Ryan Singh, Amrit Singh, and Shami Raj, the Pune-based company aims to shift the focus of health benefits from reactive treatment to proactive, preventative care. The founders identified a gap in the Indian market, where traditional corporate health insurance typically only covers hospitalization, leaving out day-to-day medical consultations. This insight led to the creation of a 'health assurance' model that combines group insurance plans from major providers with unlimited primary care.

The company's business model is centered on serving employers in India who want to offer more comprehensive health benefits. Loop Health functions as a health insurance broker, selling policies from third-party insurers and bundling them with its proprietary healthcare services. Revenue is generated through annual per-member fees paid by employers, supplemented by income from prescriptions, lab tests, and referrals for hospitalization. This integrated approach is designed to improve health outcomes and, consequently, lower insurance premiums over time by encouraging preventative care.

Loop Health's core offering gives employees access to an in-house team of doctors and medical advisors via telemedicine, alongside traditional hospitalization coverage. Members can use the Loop Health app for instant doctor consultations, to manage health records, and for guidance through the entire healthcare process, from consultations and booking tests to planning hospitalizations and filing claims. This structure provides a more engaging benefit for employees, as it includes services like doctor visits that are utilized more frequently than inpatient care. The company has steadily grown, securing a total of $40 million in funding across several rounds, including a $25 million Series B in 2022 co-led by General Catalyst and Elevation Capital. As of early 2022, Loop Health served over 130,000 members across more than 300 companies in India.

Keywords: group health insurance, corporate wellness, primary care, insurtech India, employee benefits, telemedicine, health assurance, preventative healthcare, healthcare platform, medical advisor, doctor consultation, corporate health plans, digital health India, Y Combinator, Pune startup, employee wellness programs, health insurance broker, outpatient care, integrated healthcare, corporate insurance