MedCity News October 3, 2024
AI startups should be thoughtful about which healthcare market(s) they’re going after, according to investors at Bessemer Venture Partners. Healthcare AI startups seeking venture capital face heightened expectations for scale, which requires access to substantial total addressable markets.
There has been a huge demand for healthcare AI this year — with three-quarters of the country’s providers and payers having increased their IT spending over the past year. This enthusiasm for AI in the healthcare sector has given way to hundreds of startups selling AI-powered products.
Although healthcare is a massive industry, its markets are fragmented. Because of this, AI startups should be thoughtful about which healthcare market(s) they’re going after. This is a factor investors pay a lot of...
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