Digital Health Funding Blasts Off And Showcases Promise Of Platforms
Wed 14 Dec 2021
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Like Richard Branson and Jeff Bezos’s recent space flights, digital health funding blasted off in the first half of 2021, following an already record-breaking year in 2020. In fact, per Per Rock Health’s 1H 2021 Digital Health Funding Report, the first half of 2021 saw $14.7 billion flow into the sector, eclipsing 2020’s breakout year totaling $14.1 billion.
Clearly, Tiger Global is paying attention, as more than $1.1B of the $1.9B invested in the 14 companies is going to platform businesses. These companies include:
Innovaccer: Innovaccer's Health Cloud is what the company calls a platform-as-a-service offering that combines its Data Activation Platform and application suite with platform services and tools aimed to help customers and partners develop interoperable applications for patient engagement and operational performance.
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