Meaningful Use, HITECH Sparked Spike in EHR Venture Capitalism

EHR Intelligence March 26, 2020
Christopher Jason

Following the HITECH Act, over $3 billion was invested into health IT and EHR-related companies by venture capitalists.

Following the introduction of the HITECH Act’s meaningful use program, entrepreneurship and venture capitalism in the health IT field increased, according to a study conducted in JAMA Network Open.

Although increased entrepreneurship and venture capitalism in health IT may promote EHR innovation, especially at early-stage companies, clinicians remain dissatisfied with the product.

The health IT business only saw about $2.7 billion in investments beginning in 2000. Following the passage of the HITECH Act in 2009, over $6 billion was invested into health IT and EHR-related companies.

“In particular, the large-scale digitization of the medical record system was not only a major project...

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