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Q1-2020 Healthcare IT Update

Provident Healthcare Partners
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Q1-2020 Healthcare IT Update

The healthcare IT sector continued to be a dynamic sector in Q1 2020. The industry saw a whopping $3.1 billion invested in Q1, the second-highest venture capital funding quarter to date. Healthcare IT companies are well positioned to capitalize on the global disruption caused by COVID-19 and the increased need for digital healthcare services, such as telehealth. The federal government has also implemented policies increasing access to telehealth services, such as expanding Medicare coverage and relaxing HIPAA requirements. Although the COVID-19 crisis will cause some slowdown in M&A activity within other sectors, Provident expects investment in the healthcare IT sector to remain strong due to the increased need for adaptable health solutions in the wake of the crisis.

To print and download the full Healthcare IT Update report, please click below…

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.