Medical navigation platform Solace introduced it has obtained $14 million in Collection A funding, bringing its whole funding to $21 million.
Impressed Capital led the spherical, with participation from current buyers Torch Capital and Craft Ventures, in addition to new buyers Coalition Operators, Anne Wojcicki, the late Susan Wojcicki and RiverPark Ventures.
what it does
Based in 2022, Solace pairs sufferers with advocates to assist them navigate their healthcare journey. It additionally permits suppliers to refer their sufferers to Solace Well being Advocates.
The corporate gives advocates with its personal digital medical document to replace and entry sufferers’ medical information to assist navigate the method.
Advocates assist handle doctor appointments, guarantee continuity of care, maximize insurance coverage protection, centralize information and notes, and perceive paperwork.
Solace advocates are absolutely lined by Medicare, most Medicare Benefit plans and a few medical insurance corporations.
The California-based firm will use the funds to additional develop its platform, increase its community of advocates and increase its protection with Medicaid and personal insurers.
“Regardless of how good your insurance coverage plan is, or how rich you might be, once you expertise a devastating well being occasion, you might be pressured to handle advanced paperwork, prior authorizations, supplier availability, scheduling appointments and insurance coverage claims. Solace “This is the reason Solace exists,” co-founder and CEO Jeremy Gurewitz mentioned in an announcement. ”
Market overview
A number of digital well being corporations provide care navigation help to sufferers and suppliers.
shared care is a digital healthcare navigation platform for people, employers, authorities organizations, communities, well being plans and suppliers.
In June, listed corporations Entered right into a definitive settlement with healthcare funding agency Altaris to accumulate the digital well being firm for $518 million in a transaction that may take the digital well being firm personal.
Glenn Turman’s Transcarent Inc. is a platform targeted on the self-insured employer market. In Might, it introduced the launch of an AI-powered consumer-facing platform known as WayFinding that gives medical steering, advantages navigation and care companies.
In the identical month, Transcarent proposed The $126 million Collection D funding brings the unicorn firm’s whole funding to $450 million and its valuation to $2.2 billion. The Collection D funding comes simply two years after the corporate raised $200 million in Collection C funding.
Haixipreviously often known as Insights, gives a platform to reply worker questions on well being care advantages, protection and remedy. It additionally gives open enrollment help and preventive care recommendation.
Healthee is roofed It raised US$32 million in Collection A financing in March.
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