Healthcare IT Report

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Healthcare IT gets relief from large hospitals, government dollars

The capital-raising environment for healthcare IT companies has been helped by recent improvements in health systems’ finances and capacity to invest. On top of that, the Centers for Medicare and Medicaid Services’ willingness to reimburse providers for novel methods of care is steering attention from investors.  

Key takeaways

• As investors retreat to quality, the share of angel, seed, and early-stage VC deals in healthcare IT has plummeted to 26.2% so far this year, compared with an average of 49.1% in the 2020-2022 period.
   
• In Q2 2023, we finally began to see generative AI buzz materialize into deal flow: Healthcare IT generative AI companies raised more than $250 million cumulatively in the quarter.  
   
• One area that's ripe for disruption: the often-overlooked category of enterprise imaging software.