Loop Health

Loop Health, located in Maharashtra, India, operates within the healthcare services sector and was part of the Y-Combinator W20 batch. The company focuses on providing a unique blend of primary healthcare and insurance coverage specifically designed for employers in India. Loop Health has successfully grown to achieve an annual recurring revenue of $85,000 with a monthly growth rate of 200% during its YC period. It currently serves 22 companies and 5,500 members in Pune. Loop Health offers unlimited primary care visits at asset-light clinics and traditional hospitalization insurance for a fee of $15 per member per year, with additional charges for prescriptions, lab tests, and hospital referrals. The company targets the employer-funded health insurance market in India, a sector that covers 200 million Indians and represents an $8 billion opportunity growing at a 27% CAGR. Loop Health’s services are designed to fill the gap in Indian health benefits that typically cover only hospital stays, by including doctor visits and telemedicine. The company aims to reduce insurance premiums through better access to medical care. Described as India’s first Health Assurance company, Loop Health offers customized group insurance, unlimited primary healthcare, wellness sessions, and mental health counselling. It also provides a 24/7 claims helpline and a mobile app rated 4.8 out of 5 for easy access to healthcare and insurance services. Additionally, Loop Health conducts weekly wellness sessions and utilizes a health index for personalized care based on in-depth analysis of employees’ health data. The company’s HR tools facilitate effective benefits management, integrating policy management, easy enrollment, claims dashboard, HRMS integrations, and monthly reporting.