Founded in 2017 by a team of experienced digital health and technology executives, OODA Health is transforming the administration of healthcare. Today, the US healthcare system wastes $400 billion every year on an outdated and broken claims adjudication process that creates friction and frustration for payers, providers and patients alike. Patients wrestle with surprise bills that arrive months after care is received and are impossible to understand. Providers suffer unexpected denials and delays for reimbursement, and chase patients for payment rather than focus on delivering care. Payers are locked in zero sum negotiations with providers, unable to advance care management goals. OODA Health is transforming the administrative experience in healthcare by enabling collaborative, real-time interactions between providers, members and payers. With the OODA Health solution, claims adjudication will be instantaneous, and providers will be paid upon patient checkout. Payers will assume responsibility for patient collections, guaranteeing immediate payment to the provider and relieving physicians from chasing patients for money. Care management strategies will be based on real-time patient risk models, rather than retrospective claim reviews. Critical interactions will occur at the point of care, rather than months after an encounter. We are a passionate, growing team looking for dedicated teammates to make a major impact on the healthcare system. We are committed to living our company values to provide a positive and dynamic working environment for our team members.
Location: United States, California, San Francisco
Member count: 51-200
Total raised: $40.5M
Founded date: 2017
Investors 2
Date | Name | Website |
- | Optum Vent... | optumventu... |
- | Threshold ... | threshold.... |
Funding Rounds 1
Date | Series | Amount | Investors | Deal News |
19.09.2018 | Series A | $40.5M | - | finsmes.co... |
Mentions in press and media 11
Date | Title | Description | Source |
21.07.2021 | Digital Health Funding Blasts Off And Showcases Promise Of P... | Like Richard Branson and Jeff Bezos’s recent space flights, digital health funding blasted off in th... | forbes.com... |
13.05.2021 | Cedar Acquires OODA Health for $425M to Power Healthcare Fin... | Cedar Acquires OODA Health for $425M What You Should Know: – Cedar, a healthcare financial technol... | hitconsult... |
07.10.2019 | Top startups disrupting the healthcare insurance industry | They include big names like Oscar and Bright Health, as well as up-and-comers like Gravie When it c... | vator.tv/n... |
20.09.2018 | Term Sheet — Thursday, September 20 | 5 Qs WITH A DEALMAKER Good morning, Term Sheet readers. Paid Content You can't secure what you can... | fortune.co... |
19.09.2018 | Daily funding roundup - September 19th, 2018 | Leena AI raised $2M; Scythe raised $3M; DataGrail raised $4M; Empower raised $4.5M Leena AI: Leena ... | vator.tv/n... |
19.09.2018 | Ooda Health Raises $40.5M in Series A Funding | Ooda Health, a San Francisco, CA- and Salt Lake City, UT-based company focused on removing waste and... | finsmes.co... |
19.09.2018 | OODA Health Raises $40.5M | SAN FRANCISCO, CA, Company focused on removing waste and inefficiency from healthcare administrati... | vcnewsdail... |
19.09.2018 | OODA Health gets $40.5M Series A round to remake healthcare ... | The company was founded last year to fix what OODA Co-founder and President Seth Cohen called the “o... | medcitynew... |
19.09.2018 | OODA Health Raises $40.5 Million to Transform U.S. Healthcar... | Series A Round Led by Oak HC/FT and DFJ; Partners Include Major Insurance Companies and Healthcare P... | venturebea... |
19.09.2018 | ‘Brotopia’ inspired OODA Health to raise its $40.5M round on... | It’s never particularly easy to raise a round of venture capital — but I think most experienced foun... | techcrunch... |
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