Features | Partner Sites | Information | LinkXpress
Sign In
Schiller
Soredex
Advantech Europe

2012 Best Year for Health IT Venture Capital Funding Ever

By HospiMedica International staff writers
Posted on 11 Feb 2013
Health IT venture capital (VC) funding in 2012 approached USD 1.2 billion, dwarfing the 480 million given in 2011, and the 211 million in 2010. These are the latest results reported by Mercom Capital Group (Austin, TX, USA), a healthcare information communications, and consulting firm.

The year 2012 concluded with 163 deals. The top five VC funding deals included 100 million raised by Castlight Health, which develops technology to enable comparisons of doctors, hospitals, and medical procedures based on price and quality; 58 million raised by 23andMe, a personal genetics company; 50 million raised by GoHealth, an online portal that helps compare health insurance coverage; 40 million raised by Kinnser Software, which provides clinical support to home health companies; and 34 million raised by Practice Fusion, which develops a free Web-based electronic medical record (EMR).

According to the report, the top investors that participated in VC funding rounds in 2012 were Connecticut Innovations, Founders Fund, Merck Global Health Innovation Fund, Qualcomm, and West Health Investment Fund (all with four deals each). Other notable investors included Aberdare Ventures, Canaan Partners, First Round Capital, and Khosla Ventures, with three deals apiece. In addition, although there was some overlap, slightly more funding in 2012 went towards consumer centric companies (582 million) than to companies focusing on health practice-centric technologies (591 million).

“While the focus of funding has been in the health information management category, which covers technologies on the healthcare practice side, there is significant investment and funding going into companies that engage the consumers – like mobile health, telehealth, personal health and social health,” said Raj Prabhu, managing partner of Mercom Capital Group.

Related Links:

Mercom Capital Group




ECR
Cincinnati Sub-Zero
Anetic Aid

Channels

Critical Care

view channel

Identification System Reduces Neonatal ICU Errors

A unique naming system reduces confusion and miscommunication in the neonatal intensive care unit (nICU), according to a new study. Developed by researchers at Montefiore Medical Center (New York, NY, USA), the naming system helps reduce near miss wrong-patient orders in the electronic medical record (EMR) by more clearly... Read more

Women's Health

view channel
Image: The Koala Toco disposable tocodynamometer (Photo courtesy of Clinical Innovations).

Disposable Dynamometer Measures Uterine Contractions

An innovative tocodynamometer utilizes air-charged technology to accurately measure uterine contractions. The Koala Toco is a single-use disposable tocodynamometer with no electronic components, making... Read more

Health IT

view channel

Doctors Claim EHRs Do Not Save Money or Time

A recent survey claims that 75% of physicians in the United States who use electronic health records (EHRs) say they are not cost- or time-effective, but do have value in terms of providing data. The Deloitte (New York, NY, USA) 2014 Survey examined US physicians’ current use and overall views of mobile health (mHealth)... Read more

Hospital News

view channel
Image: Aerial view of Fiona Stanley Hospital (Photo courtesy of the Government of Western Australia).

Fiona Stanley Hospital Opens in Southern Perth

Western Australia (WA) has officially opened its newest health care facility, the state's first new-build tertiary hospital project in more than 50 years. Fiona Stanley Hospital (FSH; Murdoch, Australia)... Read more
 
Copyright © 2000-2014 Globetech Media. All rights reserved.