Venture capital funding for health IT totals $1.25B in Q3 2016 — 8 top-funded areas

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.

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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

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