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 Today, the US healthcare system wastes $400 billion every year on an outdated and broken claims adjudication process that creates friction and frustration for payers, providers and patients alike.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
Employees: 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 |
| 19.09.2018 | Series A | $40.5M | - |
Mentions in press and media 11
| Date | Title | Description |
| 21.07.2021 | Digital Health Funding Blasts Off And Showcases Promise Of Platforms | Like Richard Branson and Jeff Bezos’s recent space flights, digital health funding blasted off in the first half of 2021, following an already record-breaking year in 2020. In fact, per Per Rock Health’s 1H 2021 Digital Health Funding Repor... |
| 13.05.2021 | Cedar Acquires OODA Health for $425M to Power Healthcare Financial Tech Platform | Cedar Acquires OODA Health for $425M What You Should Know: – Cedar, a healthcare financial technology platform, today announced it has entered into a definitive agreement to acquire OODA Health, a healthcare technology company focused on im... |
| 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 comes to how people feel about the healthcare industry, there's only one aspect of it they distrust more than pharma: insurance. A Harris Poll... |
| 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't see From ExtraHop But to Wolfe, they’re anything but. “I’m looking for things that feel like they were once written about in science fictio... |
| 19.09.2018 | OODA Health gets $40.5M Series A round to remake healthcare payments | The company was founded last year to fix what OODA Co-founder and President Seth Cohen called the “operating system” of healthcare, essentially the process through which care is paid for. The company’s founding team includes Cohen and Giova... |
| 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 inefficiency from healthcare administration, completed a $40.5m Series A funding round. The round was led by Oak HC/FT and DFJ. The company... |
| 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 is smart AI powered HR companion dedicated towards engaging employees. Leena is powered by ChatterOn, a cutting-edge AI chatbot development p... |
| 19.09.2018 | ‘Brotopia’ inspired OODA Health to raise its $40.5M round only from firms with female partners | It’s never particularly easy to raise a round of venture capital — but I think most experienced founders will tell you it’s not quite as bad the second or third time around, when you’ve got some experience under your belt and a track record... |
| 19.09.2018 | OODA Health Raises $40.5 Million to Transform U.S. Healthcare Payment System | Series A Round Led by Oak HC/FT and DFJ; Partners Include Major Insurance Companies and Healthcare Providers SAN FRANCISCO–(BUSINESS WIRE)–September 19, 2018– OODA Health, a new company focused on removing waste and inefficiency from health... |
| 19.09.2018 | OODA Health Raises $40.5M | SAN FRANCISCO, CA, Company focused on removing waste and inefficiency from healthcare administration, has completed a $40.5M round of Series A funding. >> Click here for more funding data on OODA Health >> To export OODA Hea... |
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