Solace, a company focused on simplifying the complex U.S. healthcare system, has announced it has raised $130.0 million in new funding from investors. This capital infusion is set to bolster the company's mission to provide integral navigation and support for patients nationwide.
Solace addresses the significant challenge faced by 88% of Americans who struggle to navigate the intricacies of the healthcare system without assistance. The company employs Solace Advocates, a team of experienced doctors, nurses, community health workers (CHWs), and healthcare administrators. These advocates offer comprehensive guidance and support, enabling whole-patient care, driving substantial cost savings for payers, and achieving 98% better clinical outcomes for members.
Fully reimbursed by Medicare, Solace partners with various payers to support their members and employees across the entire spectrum of their healthcare journeys. This includes helping individuals understand their benefits and associated costs, as well as navigating complicated diagnoses, hospitalizations, and chronic illnesses. The company's model is designed to bring humanity back to healthcare by empowering patients and improving overall outcomes.
The $130.0 million in secured investment capital underscores confidence in Solace's proven approach and its potential for broader impact. Solace plans to strategically deploy these funds to accelerate its growth initiatives, expand its network of Solace Advocates, and enhance its operational capabilities to serve a greater number of individuals and partner organizations.
This investment positions Solace for continued expansion, reinforcing its commitment to empowering patients, improving health outcomes, and restoring the promise of a more accessible and effective U.S. healthcare system.
