Blue Cross leads $42M funding round for social determinants startup

HCSC Ventures, the wholly owned investment firm of Blues parent Health Care Service Corp., led a $42 million funding round for Solera Health, a social determinants of health startup.

Advertisement

Based in Phoenix, Solera Health pairs health plans and employers to a network of community and digital health solutions that are paid through medical claims. To date, the startup has contracts that cover more than 60 million lives.

The network includes programs for diabetes management, hypertension, stress, sleep, tobacco cessation, and weight management. With the new funding, Solera Health plans to expand its network for behavioral health and social determinants of health services that include food insecurity, medically tailored meals, transportation, fall prevention and social isolation.

Solera Health has raised a total of $72 million.

More articles on payers:
Judge steps down from UnitedHealth case over ‘immoral’ denial of cancer treatment
House Democrats unveil Medicare expansion plan: 8 things to know
Humana posts $566M profit in Q1

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Health Equity

Advertisement

Comments are closed.