Solera Health Secures $4M in Series A1

What does Solera do?

Solera, is a tech enabled personalized preventive health network. The company is a personalized preventive health network. Its technology connects payers, patients, and a new class of non-clinical providers, simply and securely. The company’s technology integrates a diverse ecosystems of digital providers and community organizations for managing patient identification and referrals, payment and reimbursement, while supporting increased customer engagement. The company helps consolidate highly fragmented services and programs into a single integrated network enabling medical providers and health plans in increasing consumer participation while reducing the associated costs. The company proactively identifies the best fit chronic disease prevention program provider based on every individual’s unique requirements and preferences which has proved to have major impact on improved patient outcomes at a fraction of the cost of the traditional med care. The company believes every individual deserves a chance at achieving their complete health potential. The company strives at making this goal a reality.

How much Solera was funded?

Solera raised $4M in Series A on June 17, 2016 from SJF Ventures, BlueCross BlueShield Venture Partners and Sandbox Industries.

Previous funding

• $3M in Series A on November 3, 2015 from Sandbox Industries and BlueCross BlueShield Venture Partners

What is next for Solera?

The company plans on using the latest funding raised for scaling its operations for meeting the growing demand by health plans for the DPP- National Diabetes Prevention as a covered health benefit. This latest funding alos moves the company closer to its goal of extending the reach of its preventive health network for including social service referrals and providing chronic disease management services.

More about Solera

Solera was founded on October 1, 2015 by Brenda Schmidt. It has its headquarters in Phoenix, Arizona. The company’s technology creates a marketplace for connecting the 86 M adults in U.S who are at a risk for type 2 diabetes with more than 850 CDC recognized digital community or national based DPPs which help participants in making modest lifestyle changes for reducing the chances of developing the disease. Their national scalable model was designed for consolidating highly fragmented services and programs into one integrated networking enabling medical providers and health plans in increasing customer access and participation while reducing the costs associated with them.