Solera Health, a technology platform for connecting people seamlessly and easily to health solutions that work, announced $40 million in new funding. The insider funding round was co-led by Health Care Service Corporation and includes Adams Street, Cobalt Ventures, and Horizon Mutual Holdings.
And existing investors back the vision and innovation roadmap Solera laid out to expand access to quality digital health care, improving clinical outcomes and significantly reducing costs. The company will utilize the funding to expand upon the Solera HALO platform, which includes the vision to build and implement the Solera HALO Cloud.
The HALO Cloud will unite the Solera network of high-quality, value-based point solutions within the HALO Marketplace – simplifying the addition of hundreds of digital health applications for unprecedented access and speed of integration. It further facilitates efficient, cost-effective operational support for turnkey digital health programs for payers and employers.
Co-lead investor Health Care Service Corporation serves over 23 million people nationwide through a broad portfolio of companies that offer products and services that empower whole-person health.
With this funding round, Solera’s Interim CEO John Santelli anticipates a transformative impact on both access and cost of care – and he’s excited to formally assume the role of Solera Chief Executive Officer. Santelli joined Solera in March 2024, following a nearly three-decade career at UnitedHealth Group (UHG). And leading a global team of more than 23,000 technologists and engineers as chief information officer of UHG, Santelli developed a strong background in enterprise architecture and foundational technology while spearheading initiatives that contributed to the company’s reputation as one of healthcare’s most influential technological innovators.
Solera’s funding caps an impactful year which was marked by product expansions, partnerships and industry recognition. And Solera added virtual specialty care to its platform, addressing high-cost specialty conditions. Soon after, it introduced solutions targeting cardiometabolic health challenges like hypertension, high cholesterol, diabetes prevention and weight management.
Solera also signed a strategic collaboration with global professional services firm Aon, enabling employers to deliver personalized health experiences and engage high-risk employees with Solera’s curated network of clinically validated resources.
KEY QUOTES:
“This investment is aligned with our mission to expand access to quality, affordable health care across the United States. The Solera platform has capabilities that allow individuals to more easily access the right health tech solutions at the right time based on their individualized care needs.”
- Arun Prasad, Executive Vice President, Chief Strategy Officer & President, Diversified Businesses for HCSC
“I’ve been fortunate to have had a hand in some of the most exciting innovations in health care throughout my career, and similarly, at Solera we are building the next generation of digital health that is on-benefit and driving cost savings. This unique opportunity is why I’ve decided to join as CEO. I’m thrilled at the partnership and enthusiasm demonstrated by HCSC and our other investors, as it will allow us to fortify and expand our HALO technology and services, deepen our integration into our customers’ operations, and deliver financial savings to payers and employers while improving patient access and outcomes.”
- Solera’s Interim CEO John Santelli
