Solace, a healthcare navigation platform, introduced it secured $14 million in Collection A funding, bringing its whole elevate to $21 million.
Impressed Capital led the funding spherical with participation from present traders Torch Capital and Craft Ventures and new traders Coalition Operators, Anne Wojcicki, the late Susan Wojcicki and RiverPark Ventures.
WHAT IT DOES
Solace, based in 2022, matches sufferers with advocates who assist them navigate their healthcare journey. It additionally permits suppliers to refer their sufferers to Solace well being advocates.
The corporate provides its personal EHR for advocates to replace and entry affected person medical data to assist with the navigation course of.
Advocates assist handle physician’s appointments, guarantee continuity of care, maximize insurance coverage protection, centralize data and notes and make sense of paperwork.
Solace advocates are absolutely coated by Medicare, most Medicare Benefit plans and a few medical insurance carriers.
The California-based firm will use the funds to develop its platform additional, broaden its community of advocates, and broaden its protection amongst Medicaid and personal insurers.
“Regardless of how nice your insurance coverage plan is or how well-off you’re, whenever you expertise a devastating well being occasion, you’re pressured to handle a posh net of paperwork, prior authorizations, supplier availability, scheduling appointments and insurance coverage claims totally by yourself—all throughout probably the most disturbing moments of your life. That is why Solace exists,” Jeremy Gurewitz, cofounder and CEO of Solace, mentioned in a press release.
MARKET SNAPSHOT
A number of digital well being corporations provide care navigation help to sufferers and suppliers.
Sharecare is a digital healthcare navigation platform for people, employers, authorities organizations, communities, well being plans and suppliers.
In June, the publicly-traded firm entered right into a definitive settlement to be bought by healthcare funding agency Altaris in a $518 million deal that will see the digital well being firm go non-public.
Glen Tullman’s firm, Transcarent, is a platform targeted on the self-insured employer market. In Might, it introduced the launch of an AI-enabled consumer-facing platform dubbed WayFinding, which provides medical steerage, advantages navigation and care supply.
The identical month, Transcarent raised $126 million in Collection D funding, bringing the unicorn firm’s whole elevate to $450 million and valuation to $2.2 billion. The Collection D funding got here simply two years after the corporate secured $200 million in a Collection C spherical.
Healthee, previously Insurights, provides a platform that solutions staff’ questions relating to their healthcare advantages, protection and therapy. It additionally gives open enrollment assist and preventative care suggestions.
Healthee secured $32 million in a Collection A funding spherical in March.
The HIMSS AI in Healthcare Discussion board is scheduled to happen September 5-6 in Boston. Be taught extra and register.
