Health IT Investment Break Records in Q1 of 2014

04.08.14 In the News

By: Jennifer Bresnick | April 8, 2014 (Featured on EHR Intelligence)

Investment in mobile health and other health IT technologies has been off the charts during the first quarter of 2014, says a new report by Rock Health, continuing the meteoric rise of mobile health technologies funded by more traditional venture capitalists and newfangled crowd-funding campaigns.  Technology companies have already scooped up more than $700 million since January of 2014, representing an 87% year-over-year growth versus the same quarter last year.

January led the way with huge deals in analytics and big datatelemedicine, cloud-based EHR software, and payer administration, racking up $390 million in the first month of the year alone.  Health Catalyst, a rising star in the data warehousing space, took in $41 million worth of venture capital, while cloud-based Kareo medical office systems received $29.5 million from its investors.  Telemedicine provider MDLive saw $23.6 million fill its coffers, and HIPAA-compliant text messaging platform TigerText came in close behind with $21 million…

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