Solera Health, a prominent tech firm, has secured a substantial $40 million in funding through an investment round. This new capital will support the company’s efforts to expand its innovative health technology offerings and enhance user accessibility.
Health Care Service Corporation spearheaded this funding initiative and saw participation from several other notable investors.
Key Takeaways
Solera Health secures $40 million in funding to expand access to digital health care and improve clinical outcomes.
- Solera will use the new capital to enhance its Solera HALO platform, a unified digital health platform designed to streamline integration with high-quality point solutions.
- The company aims to simplify users’ access to a wide range of digital health applications and reduce costs through pioneering digital health solutions.
- With this funding, Solera is well-positioned to spearhead further innovation in digital healthcare, including virtual specialty care for individuals managing high-cost medical conditions.
Expanding access to effective remote care
Existing backers have reaffirmed their commitment to Solera’s mission of improving clinical outcomes and reducing costs through pioneering digital health solutions.
The latest funding round aims to enhance and expand the capabilities of the Solera HALO platform, focusing on simplifying users’ access to a wide range of digital health applications.
This investment is aligned with our mission to expand access to quality, affordable health care across the United States
Arun Prasad
Central to this initiative is the development and deployment of the Solera HALO Cloud—a unified digital health platform designed to streamline integration with high-quality, value-driven point solutions.
The co-lead investor, Health Care Service Corporation (HCSC), plays a pivotal role in the U.S. health sector, serving over 23 million individuals nationwide through its extensive and diverse network of affiliated companies.
Highlighting the alignment with HCSC’s overarching vision, Arun Prasad, Executive Vice President at HCSC, emphasized that this investment supports their mission to deliver quality care to a broader population across the United States.
As Solera’s Interim CEO, John Santelli prepares to officially take on the position of Chief Executive Officer, he expressed optimism about the transformative impact these developments will have on improving access to care and reducing overall costs.
“I’ve been fortunate to have had a hand in some of the most exciting innovations in health care throughout my career, and similarly, at Solera we are building the next generation of digital health that is on-benefit and driving cost savings. This unique opportunity is why I’ve decided to join as CEO,” Santelli stated.
Broadening care options
Over the years, Solera has broadened its service offerings to encompass virtual specialty care for individuals managing high-cost medical conditions.
Additionally, the company has introduced targeted solutions to address cardiometabolic health challenges, aiming to deliver impactful and cost-effective care.
By leveraging strategic partnerships, including its collaboration with Aon, a global professional services firm, Solera Health is well-positioned to spearhead further innovation in digital healthcare.
