2017 was a record year for digital health by many accounts: total funding far surpassed previous years, there were more investors participating in digital health deals, and we saw more mega deals of $100M+ than ever before. With the industry maturing and entering its “middle innings,” we significantly expanded our Digital Health Funding Database and the information we track on every venture deal and company.
2017 was a record-smashing year for digital health, with venture funding approaching $6B and the most mega deals ($100M+) to date. It’s clear that the early game has concluded and digital health is entering the “middle innings” as an investment sector.
Rock Health and AARP Foundation joined forces for the 2017 Aging in Place $50K Challenge to identify startups with solutions to help low-income, older Americans remain in their homes and communities as they age. The panel of judges named DispatchHealth the winner of the $50,000 cash prize and opportunity to work with AARP Foundation.
Each year we recognize the leading entrepreneurs, investors, technologists, reporters, and providers dedicated to bringing technological advancements to healthcare are and recognize their work from the past year. We’re honored to announce the Top 50 in Digital Health 2018.
An expert in the field of AI, Andrew Ng shares what the digital health community needs to understand about trendy technology, by separating hype from reality, while discussing how these technologies are creating real value in healthcare—today and throughout the decade ahead.
2017 is already the largest year yet for digital health funding—but the funding spike of Q2 has steadied. Q3 funding came in at $1.2B, bringing the YTD total to $4.7B and pushing funding beyond the prior historic annual high of $4.6B in 2015. Of note: 16% of the 74 companies funded in the quarter are led by women CEOs, up from 11% at the half-year mark.
For digital health startups, it’s increasingly a B2B world—and innovators are acutely feeling the challenges of enterprise sales. Selling to payers, providers, biopharma companies, and others is a tough game across the board. Sales cycles are long, requiring patience and a knack for relationship building. Finding the right buyer in a big organization can be disorienting. And crafting the pitch is tricky when talking to a complex, multi-faceted enterprise customer.
We noted in our midyear funding report that we’d be keeping a close eye on the FDA’s plan to set more definitive regulatory guidelines for digital health in the coming months. It turns out we didn’t have to wait too long—on July 27th, the FDA announced the Digital Health Innovation Action Plan, which includes the launch of the much-talked about Software Precertification Pilot Program (PreCert).