Bicycle Health Company Profile

Background

Overview

Bicycle Health is a virtual healthcare provider specializing in the treatment of opioid use disorder (OUD) through telemedicine. Founded in 2017 by Ankit Gupta, the company is headquartered in Boston, Massachusetts. Bicycle Health offers a comprehensive, technology-driven approach to OUD treatment, combining medication-assisted treatment (MAT) with behavioral health support, all accessible remotely. As of August 2025, the company operates in 32 states, serving over 33,000 patients since its inception.

Mission and Vision

Bicycle Health's mission is to provide accessible, high-quality, and affordable virtual care for individuals with opioid use disorder, aiming to make recovery simple and effective from the comfort of home. The company's vision is to bridge the gap between cost and convenience for patients, ensuring that recovery is within reach for everyone.

Industry Significance

In the context of the opioid crisis, Bicycle Health plays a pivotal role by offering a scalable and discreet treatment option. Its virtual model addresses common barriers to traditional in-person treatment, such as stigma and accessibility, thereby expanding the reach of MAT services. The company's innovative approach has been recognized, with Bicycle Health being named a TIME100 Most Influential Company in 2022.

Key Strategic Focus

Core Objectives

Bicycle Health focuses on delivering evidence-based, patient-centered care for individuals with opioid use disorder. The company's objectives include expanding access to treatment, improving patient retention rates, and reducing the stigma associated with seeking help for OUD.

Areas of Specialization

The company specializes in virtual medication-assisted treatment (MAT) for OUD, integrating medication management with behavioral health support, including therapy and peer support groups. This holistic approach aims to address both the physiological and psychological aspects of recovery.

Key Technologies Utilized

Bicycle Health employs a proprietary telemedicine platform that facilitates virtual consultations, medication management, and continuous patient monitoring. The platform is designed to ensure secure and confidential communication between patients and healthcare providers.

Primary Markets and Conditions Targeted

The primary market includes individuals diagnosed with opioid use disorder across the United States. By operating in 32 states, Bicycle Health aims to reach a broad demographic, including underserved populations who may face challenges accessing traditional in-person treatment options.

Financials and Funding

Funding History

As of August 2025, Bicycle Health has raised a total of $87.3 million in funding over multiple rounds. The most recent funding round was a $50 million Series B in June 2022, led by InterAlpen Partners, with participation from Questa Capital, Frist Cressey Ventures, and City Light Capital.

Utilization of Capital

The funds have been allocated towards expanding the clinical and technology teams, enhancing the telemedicine platform, forming strategic partnerships, and conducting research to validate the efficacy of the treatment model.

Pipeline Development

Key Pipeline Candidates

Bicycle Health's primary focus is on the development and refinement of its virtual MAT services. The company continually assesses and integrates new treatment methodologies and technologies to enhance patient outcomes.

Stages of Development

The company is in the growth and scaling phase, having established a robust virtual treatment model that is operational across multiple states. Ongoing efforts are directed towards expanding service offerings and improving treatment protocols.

Target Conditions

The main condition targeted is opioid use disorder, with a focus on providing accessible and effective treatment options to individuals affected by this condition.

Anticipated Milestones

Future milestones include expanding into additional states, increasing patient enrollment, and publishing further research to support the effectiveness of virtual MAT.

Technological Platform and Innovation

Proprietary Technologies

Bicycle Health's proprietary telemedicine platform enables secure virtual consultations, medication management, and continuous patient monitoring. The platform is designed to ensure confidentiality and facilitate seamless communication between patients and healthcare providers.

Significant Scientific Methods

The company employs evidence-based treatment protocols, integrating medication-assisted treatment with behavioral health support. This approach is supported by peer-reviewed research demonstrating high patient retention rates and low rates of urine drug screen falsification.

Leadership Team

Ankit Gupta – Founder and CEO

Ankit Gupta founded Bicycle Health in 2017 with the goal of increasing access to high-quality, integrated medical and behavioral healthcare for individuals with opioid use disorder. Prior to founding Bicycle Health, Gupta worked in an orthopedic clinic, where he observed the challenges patients faced in accessing effective pain management and addiction treatment.

Chris Norris – Chief Technology Officer

Chris Norris serves as the Chief Technology Officer at Bicycle Health, overseeing the development and implementation of the company's telemedicine platform. His role is crucial in ensuring the platform's functionality, security, and scalability to meet the needs of patients and healthcare providers.

Justin Guadagno – Chief Clinical Officer

Justin Guadagno holds the position of Chief Clinical Officer, responsible for overseeing the clinical aspects of Bicycle Health's services. He ensures that the treatment protocols are evidence-based and that the clinical team delivers high-quality care to patients.

Competitor Profile

Market Insights and Dynamics

The virtual healthcare market, particularly in the realm of addiction treatment, is experiencing significant growth. The increasing acceptance of telemedicine, coupled with the need for accessible addiction treatment options, positions companies like Bicycle Health favorably in the market.

Competitor Analysis

Key competitors include Workit Health, Eleanor Health, and Boulder. These companies also offer virtual treatment options for opioid use disorder, each with unique approaches and service offerings. The competitive landscape is characterized by a focus on expanding access to treatment, enhancing patient engagement, and improving clinical outcomes.

Strategic Collaborations and Partnerships

Bicycle Health has established partnerships with several major health insurance providers, including Aetna, Blue Cross Blue Shield, Cigna, and Humana, across various states. These collaborations aim to expand access to virtual OUD treatment and integrate services into broader healthcare networks.

Operational Insights

Bicycle Health's virtual model offers several competitive advantages, including increased accessibility, reduced stigma, and the ability to provide continuous care across a wide geographic area. The company's focus on evidence-based treatment protocols and patient-centered care further differentiates it in the market.

Strategic Opportunities and Future Directions

Bicycle Health is well-positioned to capitalize on the growing demand for virtual healthcare services. Future opportunities include expanding into additional states, enhancing service offerings, and conducting further research to validate and improve treatment outcomes. The company's strengths in technology integration, patient engagement, and clinical expertise provide a solid foundation for achieving these objectives.