HCSC Ventures
300 E Randolph St, Chicago, IL, 60601, United States
Overview
HCSC Ventures, a wholly-owned subsidiary of Health Care Service Corporation, is a health care services venture capital firm that invests in early to growth stage businesses that are strategically important to health insurers. The firm seeks to invest in companies and entrepreneurs that have the potential to make an impact on the health care industry by improving quality of care, lowering medical and administrative costs, reducing complexity, and improving the consumer experience.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Solera Health
Led · Series C · May 2019
Solera Health operates the HALO platform, a marketplace that connects payers, employers, and individuals to clinically validated digital health applications and turnkey programs. The company plans to expand the Solera HALO platform by building the HALO Cloud to unite its network of point solutions and simplify integration of hundreds of digital health applications. Solera has recently added virtual specialty care and solutions targeting cardiometabolic conditions such as hypertension, high cholesterol, diabetes prevention, and weight management. It also announced a strategic collaboration with professional services firm Aon to enable employers to deliver personalized health experiences and engage high-risk employees. Leadership changed when John Santelli, who joined in March 2024, transitioned from interim CEO to chief executive officer and intends to deepen integration into customers’ operations. Financially, Solera announced $40 million in new funding to support product expansion and operational scaling of its HALO technology and services. Solera Health is a Phoenix, AZ-based platform that supports an ecosystem of community and digital partners matching health plan members to chronic disease prevention and management, social determinants of health (SDOH) and behavioral health. Led by CEO Brenda Schmidt, the company serves as an integrated benefit network that connects patients, payers and physicians with community organizations and digital therapeutics providers. Solera consolidates fragmented programs and services into a single marketplace, allowing health plans and medical providers to increase consumer participation while lowering associated costs. The company raised $42M in Series C financing, bringing total funding to date to $72M. It intends to use the funds to address behavioral health and SDOH needs such as food insecurity, medically tailored meals, transportation, falls prevention and social isolation. Over the past 12 months Solera has expanded its network to support a broader array of lifestyle modification programs, including diabetes management, hypertension, stress, sleep, tobacco cessation and weight management. Solera Health provides integrated chronic disease prevention services that connect patients, payers and physicians with community organizations and digital therapeutics providers. It consolidates fragmented programs and services into one integrated network to increase consumer participation and lower associated costs for health plans and medical providers. Solera has built a national network of community organizations and digital DPPs including Weight Watchers, Lark, Retrofit and Noom. Since launch the company has grown to over 70 employees and has over 40 million covered lives under contract. Led by CEO Brenda Schmidt and based in Phoenix, AZ, Solera intends to use the new funding to expand its offering and business reach. The company has raised $30.3M in total to date. Solera Health is a technology-enabled personalized preventive health network that operates a marketplace connecting U.S. adults at risk for type 2 diabetes with CDC-recognized Diabetes Prevention Programs (DPPs). Led by CEO Brenda Schmidt and based in Phoenix, AZ, the company aggregates more than 850 digital, national, and community-based DPPs into one integrated network. Its national model was designed to consolidate fragmented programs and services to increase consumer access and participation while lowering associated costs for health plans and medical providers. Strategic partnerships include HealthSlate, Blue Mesa Health, Noom, Retrofit, Canary Health, Weight Watchers and organizations such as the Black Women Health Imperative. The company has raised $7M in total funding and recently closed a $4M Series A1 round. Solera will use the new funds to scale operations for the National DPP as a covered health benefit. Solera Health operates a proprietary SaaS platform that connects a national network of local community organizations and digital solutions to deliver chronic disease prevention programs. The platform supports administration and streamlining of National Diabetes Prevention Program (DPP) referrals, reimbursement and payment management, and aggregation of data and reporting. Its services simplify enrollment and support consumer engagement and choice for DPP offerings led by the CDC. The company is led by founder and CEO Brenda Schmidt and is based in Phoenix, AZ. Solera positions itself as a technology-enabled integrator across local and digital program providers to increase access to prevention services. It plans to use recent funding to advance its technology platform and scale operations.
- Cogitativo
Led · Series A · Sep 2017
Cogitativo offers a machine-learning platform that helps payers and providers identify and challenge system complexities to drive healthcare performance improvements. The company focuses on AI-driven solutions to detect and remediate waste and inefficiency in the arrangement and financing of healthcare. Cogitativo’s platform is used by nearly 50 healthcare entities representing more than 45 million members. Led by CEO Gary Velasquez, the company serves both operational and strategic needs across healthcare organizations. The company intends to accelerate product development of its AI-driven offerings to expand impact on cost and efficiency. Cogitativo is based in Berkeley, California. Cogitativo provides machine learning, data curation and technology to help healthcare organizations extract value from public and proprietary data sources. The company delivers data‑science‑as‑a‑service solutions for payers, including anomaly detection and real‑time operational decision support. Over 13 health plans representing more than 30 million members use Cogitativo’s solutions. Led by CEO Gary Velasquez, the company plans to expand its product line and expects to release expanded machine‑learning solutions for payment accuracy, care anomaly detection and real‑time monitoring of payers’ care delivery networks within the next several months. Cogitativo is based in Berkeley, California. It intends to use the new funding to accelerate development and product expansion.
Team
No current team members are available.