Friday, July 18, 2014

Health IT Funding Doubles to $1.8B

Venture capital (VC) investments in health IT companies has doubled in Q1 and Q2 2014 to $1.8 billion, according to a report by Mercom Capital Group.

$1.1 billion was raised by companies in management technology, analytics, and population health management.

"Q2 2014 was the first billion-dollar quarter for the health IT sector, which has raised more money so far in 2014 than it did all of last year -- $2.6 billion in 2014 compared with $2.2 billion in 2013." - Raj Prabhu, CEO, Mercom
VC interest is understandable given health IT analytics' ability to deliver business and clinical insights, such as Identity and Access Intelligence, delivered as a low-cost on-demand SaaS service.
Learn how Veriphyr Identity and Access Intelligence delivers business insights - with no hardware and no on-site software.
Sources:
(a) Health IT Funding Doubled in Q2 2014, Reaching $1.8B, Report Finds - www.iHealthBeat.org, 07/17/2014

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