Wednesday, July 17, 2013

Health IT Funding Exceed $2B in 2013?

VC funding has set yet another record in Q2 - $623M for 168 deals this quarter, compared to 104 in Q1.

According to Raj Prabhu, CEO of Mercom Capital Group "The government’s initiative to open up healthcare data has been a contributor to the surge in activity and investments."

"VC funding in healthcare IT is now on pace to exceed $2 billion in 2013."
- Raj Prabhu, CEO of Mercom Capital Group
Among healthcare provider related ventures data analytics and electronic health record (EHR) companies continue to receive funding. Data analytics are being used to improve clinical outcomes as well proactively detect data privacy breaches.
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Sources:
(a) VC Funding Sets Yet Another Record - www.HealthcareITNews.com, 07/16/2013

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