Solace, a healthcare navigation platform, introduced it secured $14 million in Collection A funding, bringing its complete elevate to $21 million.
Impressed Capital led the funding spherical with participation from present buyers Torch Capital and Craft Ventures and new buyers 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 information to assist with the navigation course of.
Advocates assist handle physician’s appointments, guarantee continuity of care, maximize insurance coverage protection, centralize information and notes, and make sense of paperwork.
Solace advocates are absolutely coated by Medicare, most Medicare Benefit plans and a few medical health insurance carriers.
The California-based firm will use the funds to develop its platform additional, develop its community of advocates, and develop its protection amongst Medicaid and personal insurers.
“Regardless of how nice your insurance coverage plan is or how well-off you might be, whenever you expertise a devastating well being occasion, you’re compelled to handle a posh internet of paperwork, prior authorizations, supplier availability, scheduling appointments and insurance coverage claims totally by yourself — all throughout one of the demanding moments of your life. That is why Solace exists,” Jeremy Gurewitz, cofounder and CEO of Solace, mentioned in an announcement.
MARKET SNAPSHOT
A number of digital well being firms 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 personal.
Glen Tullman’s firm, Transcarent, is a platform targeted on the self-insured employer market. In Could, it introduced the launch of an AI-enabled consumer-facing platform dubbed WayFinding, which provides scientific steerage, advantages navigation and care supply.
The identical month, Transcarent raised $126 million in Collection D funding, bringing the unicorn firm’s complete 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 remedy. It additionally offers open enrollment help 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. Study extra and register.
