What you want to know:

– Soda Well being, a well being know-how firm altering the way in which healthcare advantages are delivered, introduced a $50 million Sequence B financing spherical led by Common Catalyst, with participation from former Humana CEO Bruce Broussard and current buyers Lightspeed Enterprise Companions, Outline Ventures , Qiming Enterprise Companions USA and SVB Capital.

– The Sequence B funding spherical will advance Soda Well being's mission to enhance well being outcomes and cut back inequities by optimizing profit spending.

Addressing challenges in managing healthcare advantages

Tens of millions of seniors depend on Medicare Benefit for added advantages and incentive {dollars}, however the present administration of those advantages usually lags behind in know-how and shopper expectations. This results in frustration for each well being plans and members as a result of inaccurate merchandise assortments, confusion over eligibility, and outdated entry strategies.

Soda Well being's modern answer

Based in 2021 by former Walmart and Optum executives, Soda Well being's advantages administration platform addresses these challenges by:

• Streamlining the supply of advantages: Leveraging an in depth retail community to simplify entry to meals, well being merchandise and pharmacy companies.
• Personalizing the member expertise: Offering a user-friendly platform with clear data and easy-to-use instruments.
• Optimize advantages utilization: Offering data-driven insights into well being plans to enhance member engagement and program effectiveness.
• Empowering retailers: Enabling retailers to play a essential function in healthcare by connecting members to health-related services.

“We’re on a mission to make sure that complementary advantages add worth to everybody within the healthcare ecosystem – that they preserve sufferers more healthy, allow retailers to enhance their relationships with shoppers and supply a key level of contact for sufferers for payers,” stated Robby Knight, co-founder and CEO of Soda Well being.