Silicon Valley Bank October 21, 2025
Executive Summary
For Healthtech AI, Back Office Is Front and Center
Healthtech is attracting a bigger share of venture capital (VC) investment in 2025 than ever before. Investment in provider operations is driving the surge. So far this year, $5.5B has been invested in activities that support the delivery of healthcare, such as scheduling, documentation and billing. That puts provider ops well on track to surpass its 2021 record of $7.8B.
To be more specific, AI in provider operations is drawing a crowd. AI companies didn’t just rack up a few more healthtech deals and a bigger percentage of dollars this...
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