Virtual explosion Digital health had a breakout year in 2021, with startups raising $29.1 billion in 729 deals. (Image: Chris Nicholls)

The popularity of digital health surged during the pandemic, attracting significant funding as well as patients. However, investors tapped the brakes during the first quarter of 2022. Although digital health startups attracted $6 billion in the quarter, investment fell well below the $7.3 billion raised in the fourth quarter of 2021 and the trailing 12-month quarterly average of $7.1 billion, according to Rock Health, a digital health venture fund.

“While Q1 isn’t usually a standout quarter for funding overall, in three of the five past years, Q1’s funding beat its preceding quarter,” according to a company report. “But that isn’t the case this time around.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.