Solera Well being, a healthcare know-how firm, has raised $40 million in Sequence E funding to develop entry to digital healthcare help, the corporate introduced Tuesday. As well as, interim CEO John Santelli will formally assume the position of CEO.

Solera Well being, based mostly in Phoenix, Arizona, is a digital healthcare firm that companions with payers and employers to assist match members and workers. Utilizing the corporate's HALO platform, clients can handle all their contracted level options in a single place, whether or not they’re a part of the Solera community or their very own contracted options. Workers or members also can entry all their advantages by way of one web-based interface.

Solera Well being's Sequence E funding spherical was co-led by Well being Care Service Company (HCSC), an insurance coverage firm serving greater than 23 million folks. The opposite co-lead investor has chosen to not be disclosed. Adams Road, Cobalt Ventures and Horizon Mutual Holdings, Inc. additionally participated within the financing spherical. In complete, Solera Well being has raised $160 million.

“This funding aligns with our mission to develop entry to high-quality, inexpensive well being care in the US,” Arun Prasad, govt vice chairman, chief technique officer and president of diversified companies for HCSC, stated in a press release. “The Solera platform consists of capabilities that make it simpler for people to entry the suitable healthcare know-how options on the proper time, based mostly on their individualized healthcare wants.”

With the financing, Solera Well being will additional spend money on its HALO platform, which was launched in 2023. The corporate may also develop its digital advantages community with greater than 100 specialty and different digital suppliers, and improve its analytics and AI capabilities. in keeping with Santelli.

When requested what the corporate's exit technique is, Santelli famous that an exit isn’t Solera's main focus at the moment. As a substitute, the corporate is “investing in development and increasing our options to ship effectivity and worth to payers and a rising variety of employers and level resolution suppliers within the digital healthcare ecosystem,” he stated.

Santelli added that in his new position as CEO, he hopes to assist make the healthcare system extra sustainable. Earlier than becoming a member of Solera in March, he was Chief Info Officer at UnitedHealth Group.

“In the end, I need to construct a complete, first-of-its-kind system that can permit organizations to configure digital well being on the profit,” he stated in an e-mail. “Our digital supply system will use information and analytics and an built-in EHR system to seamlessly connect with on-site bodily care. We’ve the distinctive skill to return people to applicable in-network bodily care and guarantee all healthcare suppliers have visibility into affected person information throughout modalities.

“There’s a actual alternative to remodel digital well being from a set of fragmented, particular person options for situations to an organized supply system with nationwide protection, near-instant entry and that gives high-quality care at a decrease value,” he continued.

Solera Well being isn't the one firm serving to employers handle level options. Others embrace Quantum Well being and Accolade, which simply introduced it’s being purchased by Transcarent.

Photograph: sorbetto, Getty Pictures