Solera Health, a Phoenix, Arizona-based agency that connects customers with proof-based totally, non-clinical wellbeing applications, announced that it had raised $42 million in a chain C spherical led by HCSC Ventures, with participation from BlueCross BlueShield Venture Partners/Sandbox Advantage Fund, Adams Street Partners, and SJF Ventures. The spherical, which follows an $18.Three million collection B in July 2017 and bringing the startup’s general raised to $72 million will fuel the boom of its marketplace and fee model, in step with CEO Brenda Schmidt. She says it will permit Solera to deal with behavioral additionally.
Social determinants (SDOH) of health, together with meal insecurity, medically tailor-made food, transportation, fall prevention, and social isolation. “The” e isn’t a greater vote of confidence for the impact Solera Health is making than a huge investment from our health plan clients,” br” ught Schmidt. “‘” We ‘validated our modemodel’sievement in driving outcomes in chronic ailment prevention and look ahead to expanding our relationships with our health plan partners to assist their participants holistically controlling their fitness.”
So “era, founded in 2015, with simplest sufferers with diabetes, but it quickly accelerated its scope to consist of different chronic illnesses. Here’s how the platform works: Solera continues a frontend internet portal and backend algorithms that fit payers, doctors, patients, and physicians with network corporations and digital therapeutics corporations supplying treatments for high blood pressure, strain, inadequate sleep, tobacco usage, obesity, and more. Patients have mentioned packages primarily based on their personal fitness goals, needs, and alternatives, and as they achieve every four general interest and effects-based milestones,
Solera submits claims to payers and manages payments to community companions. Solera integrates with emplemployers’ness plans and third-birthday celebration directors. It uses digital medical records or onlionlinestionnaires to perceive employees at the best risk for a chronic ailment. This personnel can then pick among dozens of online in-character applications, and if they don’t by using the second milestone, Solera recommends a one-of-a-kind alternative. As for the organization, get online boards and regular reports on the character, organization, physician exercise, and payer level.
