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Q1 2023
Healthcare IT Report
May 31, 2023
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Generative AI to propel future of healthcare IT
Venture capital deals in healthcare IT have picked up from the vertical’s low point in late 2022, with 70 rounds accounting for about $1.3 billion raised in Q1. They’re not blockbuster numbers, but the outlook for healthcare IT deals is bullish, particularly for generative AI and tech that supports interoperability.
Our Q1 2023 Healthcare IT Report highlights need-to-know VC and private equity deals from the period and addresses which parts of the healthcare system AI could transform first, and when.
Takeaways include:
Table of contents
Generative AI to propel future of healthcare IT
Venture capital deals in healthcare IT have picked up from the vertical’s low point in late 2022, with 70 rounds accounting for about $1.3 billion raised in Q1. They’re not blockbuster numbers, but the outlook for healthcare IT deals is bullish, particularly for generative AI and tech that supports interoperability.
Our Q1 2023 Healthcare IT Report highlights need-to-know VC and private equity deals from the period and addresses which parts of the healthcare system AI could transform first, and when.
Takeaways include:
- Key generative AI partnerships involving Microsoft, Epic, and Open AI are drawing attention in the buzziest corner of the vertical.
- Amid VC volatility, PE deal activity has been more resilient, particularly as PE firms have branched out into hefty, late-stage VC rounds.
- Some of the most promising healthcare IT applications solve data-related problems: interoperability and synthetic data.
Table of contents
| Vertical overview | 3 |
| Q1 2023 timeline | 5 |
| Healthcare IT landscape | 6 |
| Healthcare IT VC ecosystem market map | 7 |
| Healthcare IT PE ecosystem market map | 10 |
| VC and PE activity | 13 |
| Emerging opportunities | 24 |
| Prior authorization | 25 |
| Synthetic data | 30 |
| Select company highlights | 33 |
| Health Gorilla | 34 |
| Modernizing Medicine | 36 |