Solace, a healthcare navigation platform, introduced it scored $60 million in Sequence B investment.
Menlo Ventures led the spherical with participation from present buyers Impressed Capital, Torch Capital and Craft Ventures, and new investor SignalFire.
WHAT IT DOES
Solace suits sufferers with advocates who lend a hand them navigate their healthcare adventure, whether or not thru navigating a brand new prognosis, discovering a physician, coordinating care, or taking keep watch over of a prolonged sickness.
The advocates are coated via Medicare, maximum Medicare Merit plans, and a few medical health insurance carriers.
The corporate additionally lets in suppliers to refer their sufferers to Solace well being advocates and gives its personal EHR for advocates to replace and get admission to affected person scientific information to lend a hand with the navigation procedure.
The California-based corporate will use the budget to extend its choice of healthcare advocates national and boost up corporate construction.
“The healthcare trade is at a tipping level. Payers more and more acknowledge that affected person advocacy is not a strengthen serve as. It is structurally essential,” Jeremy Gurewitz, CEO and cofounder of Solace, stated in a remark. “This funding validates our momentum and the important position advocacy performs in reshaping the healthcare panorama.”
MARKET SNAPSHOT
Solace garnered $14 million in Sequence A investment final 12 months, bringing its general elevate to $21 million.
Every other corporate within the healthcare navigation area is Sharecare, a digital healthcare navigation platform for people, employers, executive organizations, communities, well being plans and suppliers.
Remaining 12 months, publicly traded Sharecare entered right into a definitive settlement to be bought via healthcare funding company Altaris in a $518 million deal, which might see the corporate move personal.
Different corporations within the area come with Glen Tullman’s corporate Transcarent and advantages navigation platform Healthee.
