From January through March, investors poured almost $700 million into health IT companies, 87 percent more than was invested during the first quarter of 2013. The total investment amounts set a record for health IT funding in a single quarter.
Additionally, the average deal size in the first quarter of 2014 hit $13.1 million, up from an average of $10 million for all 2013 deals.
The top categories for funding during the first quarter this year include:
- Payer administration ($120 million)
- Analytics and big data ($107 million)
- Telemedicine ($61 million)
- Care coordination ($57 million)
- Alternative health tools ($50 million)
More Articles on the Health IT Market:
ABILITY Network Receives $550M Investment From Summit Partners
NewYork-Presbyterian, McKesson, Other Health IT Leaders Named to InformationWeek’s Elite 100
7 Recent Stories on the Health IT Market
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
