Venture capital funding in the healthcare information technology sector totaled $1.25 billion across 177 deals in the third quarter of 2016, as compared to $1.6 billion in 140 deals in the second quarter, according to a report by Mercom Capital Group, a global communications and research firm.
Thus far, 463 health IT deals have raised more than $4.2 billion in venture capital funding. Venture capital funding deals involving U.S. companies totaled 118. Overall healthcare consumer-centric companies raised $851 million in 128 deals. Healthcare practice-centric companies secured only $404 million in venture capital funding in 49 deals.
Here are eight top-funded health IT areas:
• mHealth apps: $253 million
• Telemedicine companies: $220 million
• Practice management solutions companies: $82 million
• Consulting companies: $77 million
• Mobile wireless solutions: $75 million
• Wearables and Sensors: $74 million
• Remote monitoring technologies: $65 million
• Payer solutions companies: $50 million