comfortThe Healthcare Navigation Platform has announced it has won $60 million in Series B funding.
Menlo Ventures led the round with participation from existing investors-inspired capital, Torch Capital and Craft Venture, and new investor Signalfire.
What it does
Solace matches advocates and patients who help navigate the healthcare journey, whether navigate new diagnoses, search for doctors, coordinate care, or adopt chronic disease management.
Advocates are eligible for Medicare, most Medicare Advantage plans, and some health insurance companies.
The company also allows providers to refer patients to comfort health advocates and allows advocates to provide their own EHRs to update and access patients’ medical records and assist in the navigation process.
The California-based company will use the funds to increase the number of healthcare advocates across the country and accelerate corporate development.
“The healthcare industry is at a turning point. Payers are increasingly aware that patient advocacy is not a supportive feature. It’s structurally necessary,” Solace CEO and co-founder Jeremy Gurewitz said in a statement. “This investment examines our momentum and the important role advocacy plays in reconstructing the healthcare landscape.”
Market Snapshot
The comfort has been obtained Last year, it won $14 million in Series A funding, bringing the total increase to $21 million.
Another company in the healthcare navigation space is ShareCare, a virtual healthcare navigation platform for individuals, employers, government organizations, communities, health plans, and providers.
Last year, ShareCare was published. Healthcare investment company Altaris has signed a decisive agreement to buy it in a $518 million deal.
Other businesses in the space include Glen Tullman’s Company Transcarent and the profit navigation platform Healthe.
