VC Funding for Health IT Grows in 2016, Surpasses $5 Billion

After a slight drop from 2014 to 2015, VC funding in healthcare IT grew 9% in 2016 to surpass the $5 billion mark for the first time.

With all the conflict around repealing and replacing The Affordable Care Act, many thought health IT was going to have serious growth issues. However, given the investment dollars that flew into health IT last year and Trump’s cabinet, which is loaded with investment bankers, we don’t think this will be the case.

The most funding in 2016 went to the following technology categories:

1. Mobile Apps — $1.3 billion
2. Wearable Sensors — $592 million
3. Data Analytics — $574 million
4. Telemedicine — $528 million
5. Mobile Wireless — $228 million
6. Wellness — $218 million

Read more on Health Data Management.