Solera Health raises another $4M for its diabetes prevention programs marketplace

By Brian Dolan
11:30 am

Phoenix, Arizona-based Solera Health added another $4 million in funding from investors to help connect providers, payers and patients with diabetes prevention programs available in their area. The company announced $3 million in funding last November. Return backers BlueCross BlueShield Venture Partners and Sandbox Ventures participated in the new injection of funds as did new investor, social impact fund, SJF Ventures.

Solera offers a platform that aims to make it easier for health plans and others to offer the CDC's National Diabetes Prevention Program (DPP) as a covered benefit. The company's technology makes referrals to community sites that offer DPP programs easier, helps customers manage payments and reimbursement, and aggregates data from the programs. This makes it easier for all stakeholders to enroll people in the prevention programs.

Right now, diabetes and the DPP are the company's main focuses, but the company has indicated that the platform could be used to support other similar interventions in the future. The Wall Street Journal reports that depression and hypertension are both on the company's radar as potential future opportunities.

The company included a few partners in its press release that are new since its last round of funding: Noom, Weight Watchers, Retrofit, HealthSlate and Blue Mesa Health. As of last November Solera was already working with Canary Health, health app MyDietician, the Michigan Health Improvement Alliance, Black Women's Health Imperative, WellCoaches, and Jenny Craig.

The DPP has already given birth to one successful digital health company, Omada Health, which has raised $77.5 million to date for a technology-enabled remote implementation of the program. Omada’s flagship health program, called Prevent, lasts 16 weeks and aims to help those that are at-risk for Type 2 diabetes make positive health behavior changes. Users are paired with a health coach who monitors their progress throughout the program, interactive health lessons on a mobile device or computer, and a wireless-enabled scale and pedometer.


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