Health IT venture funding hit record highs in the first quarter of 2014, according to a report from accelerator Rock Health.
From January through March, investors poured almost $700 million into health IT companies, 87 percent more than was invested during the first quarter of 2013. The total investment amounts set a record for health IT funding in a single quarter.
Additionally, the average deal size in the first quarter of 2014 hit $13.1 million, up from an average of $10 million for all 2013 deals.
The top categories for funding during the first quarter this year include:
- Payer administration ($120 million)
- Analytics and big data ($107 million)
- Telemedicine ($61 million)
- Care coordination ($57 million)
- Alternative health tools ($50 million)
More Articles on the Health IT Market:
ABILITY Network Receives $550M Investment From Summit Partners
NewYork-Presbyterian, McKesson, Other Health IT Leaders Named to InformationWeek's Elite 100
7 Recent Stories on the Health IT Market