Cohere Health, a Boston, MA-based digital health company, closed a $36m Series B funding.
The round was led by Polaris Partners, with participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures.
The company intends to use the funds to continue enhancement of its digital health plan solutions.
Led by Siva Namasivayam, CEO, Cohere Health provides digital health plan solutions to drive collaborative care journeys. The company’s solutions automate provider and payer preauthorization functions and generate clinical policy guidance that drives care decisions without having to delay or deny care. Cohere then uses prior authorization as a trigger to engage plans, providers and patients in episode-based care paths that merge traditional utilization management, care management and patient engagement functions to ensure plan benefits are fully utilized. The company works with physicians and health plans.