Friday, October 18, 2013

Health IT Investment Tops $737M

Q3 set a record for VC investment in health IT with 150 separate deals and over $737 million, according to Mercom Capital Group.

Private investment in health IT has increased as electronic health record (EHR) adoption reaches critical mass and federal incentive dollars from the HITECH Act are winding down. In addition to EHRs, data analytics were favored by investors.

"Funding into healthcare IT is on pace to double over last year."
- Raj Prabhu, CEO, Mercom Capital Group
Increasingly, data analytics, such as low-cost on-demand SaaS services utilizing Identity and Access Intelligence (IAI), provide healthcare organizations with better business as well as clinical insights.
Learn how Veriphyr Identity and Access Intelligence delivers business insights - with no hardware and no on-site software.
Sources:
(a) Record quarter sees VC cash top $737M - www.healthcareITnews.com, 10/15/2013

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