consolationHealthcare navigation platform, introduced that it has earned $60 million in income from Sequence B funds.
Menlo Ventures impressed Capital, Torch Capital and Craft Ventures, in addition to new investor Signalfire via the participation of present traders.
What does it do
Solace matches advocates’ sufferers who can assist them navigate the healthcare journey by navigating new diagnoses, discovering docs, coordinating care, or controlling continual sicknesses.
Advocates are lined by Medicare, most Medicare Benefit plans and a few medical insurance corporations.
The corporate additionally permits suppliers to suggest their sufferers to consolation well being advocates and supplies advocates with their very own EHR to replace and entry affected person data to assist with the navigation course of.
The California-based firm will use the funds to extend the variety of healthcare advocates nationwide and speed up the corporate’s development.
“The healthcare trade is at a turning level. Payers are more and more conscious that affected person advocacy is just not a supportive perform. That is structurally needed,” stated Jeremy Gurewitz, CEO and co-founder of Solace. “This funding confirms the vital function of our momentum and advocacy in reshaping the healthcare discipline.”
Market snapshots
Comfort gained Final 12 months, Sequence A funding was $14 million, rising it to $21 million.
One other firm within the healthcare navigation discipline is ShareCare is a digital medical navigation platform for people, employers, authorities organizations, communities, well being plans and suppliers.
Final 12 months, the general public transaction of ShareCare A confirmed settlement was signed to be bought by healthcare funding agency Altaris for a $518 million deal that may hold the corporate non-public.
Different corporations on this house embrace Glen Tullman’s firm expertise and welfare navigation platform Healthee.
