Health IT venture cash may be waning

October 15, 2014 in Medical Technology

Mercom officials noted another interesting characteristic of the third quarter: record funding for companies abroad.

“Companies from countries outside of the United States, accounted for a record 21 percent share of the funding,” said Raj Prabhu, chief executive officer and co-founder of Mercom Capital Group, in a press statement announcing the report. “While consumer-centric companies attracted the majority of the funding  this quarter, MA has been a different story with the majority of the deals involving practice-focused companies.”

 

Consumer-focused technologies, which includes mobile health and telehealth, walked away with the lion’s share of capital — 65 percent of all VC cash for the quarter, or $623 million across 140 deals. In Q2, that number stood at $678 million across 100 deals. 

 

[See also: Digital health sees record cash flow.]

 

Telehealth had its best quarter to date, raking in $101 million in 16 deals. 

 

Revenue cycle management and data analytics also did well, with $75 million and $71 million respectively. 

 






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Article source: http://www.healthcareitnews.com/news/q3-health-it-venture-cash-wanes

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