Solera Health's $40 million Series E round was co-led by Health Care Service Corporation and included participation from Adams Street, Cobalt Ventures, and Horizon Mutual Holdings, Inc.
Solera Health CEO Brenda Schmidt said the company's differentiator is in payment system, which allows health plans to pay social services providers through same pathway that other healthcare providers are reimbursed.
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The initiative - dubbed FoodQ - was initially launched in 25 zip codes in Chicago typically considered "food deserts," geographic areas with a dearth of affordable and nutritious food options.