Bicycle Health Nabs $5M to Scale Its Virtual Opioid Use Disorder Treatment

What You Should Know:

– Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment secures $5M from Cobalt Ventures to further accelerate the expansion of its telehealth opioid use disorder (OUD) treatment.

– The additional capital extends Bicycle Health’s Series B venture capital financing, bringing the company’s total funding to date to $88M.

Evidence-based, online suboxone treatment for opioid addiction

Founded in 2017, Bicycle Health provides confidential, convenient and clinically-validated Medications for Addiction Treatment (MAT) and Integrated Behavioral Health support via telemedicine, for the treatment of opioid use disorder. Available in over 20 states and growing, Bicycle Health creates customized treatment plans for each patient, delivered by a team of medical providers, behavioral health clinicians and clinical support specialists.

Treatment is delivered virtually and includes synchronous and asynchronous access to the patient’s care team, same-day prescription refills for medication management, access to peer support groups and psychotherapy, and regular in-home diagnostics testing to monitor a patient’s progress. Bicycle Health also provides referrals to primary care and community support services to address Social Determinants of Health.