Health IT Analytics January 17, 2017
Companies focusing on the Internet of Things and health information management tools drove more than $5 billion in venture capital funding during 2016. Venture capital investors are seeing major opportunities to support innovations that connect patients, providers, and their data more efficiently, says Mercom Capital Group in its annual healthcare IT investment report.
Health information management (HIM) tools, Internet of Things devices and applications, and up-and-coming big data analytics platforms garnered $5.1 billion in venture capital funding during 2016, compared to $4.6 billion in investments the prior year – an increase of nine percent.
“VC funding bounced back after declining in 2015,” said Mercom Capital Group CEO and co-founder Raj Prabhu. More than 620 deals were completed in...
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