Pulse Practice Solutions, Document Management, Document Scanning, EMR, Marketing & Managed IT for Medical Practices
  • News
  • Practice Solutions
    • Digital Faxing
    • Electronic Medical Records
    • Backfile Scanning Services
    • Document Management
    • Online Forms
    • EOB Data Capture and Processing
      • Automated EOB Processing Webinar
    • Managed IT Solutions
    • Telecommunications
    • Automated Appointment Reminders
  • Practice Marketing Services
    • Practice Identity Services
    • Logo Design
    • Practice Websites
    • Online Reputation and Social Media Management
    • Printing and Marketing Materials
      • Practice Stationery
      • Practice Presentation Folders
  • Partners
    • Software
    • Hardware
  • Contact Us

Venture Capital Firms Showing More Interest in Health IT Companies

Venture capitalists increasingly are investing in health IT companies that  use data analytics and care management applications to help health care  providers rein in medical costs, Kaiser Health News/Washington Post reports.

According to KHN/Washington Post, investment in biotechnology  and medical devices has declined sharply since 2007.

At the same time, investment in health IT firms has increased. Research from PricewaterhouseCoopers shows that health care  software companies received $407 million in investments during the first three  quarters of 2011, compared with the $311 million the sector received during all  of 2007.

Investors might be betting that health care organizations squeezed by the  recent recession are interested in IT systems that help them identify possible  savings.

In addition, some investors might believe that the federal health reform law  is increasing demand for companies that use data to:

  • Help insurers adjust to new regulations;
  • Increase health system efficiency; and
  • Offer Web-based tools to help people shop for health insurance.

Bob Kocher — a former health policy adviser for the Obama administration who  now works for venture capital firm Venrock — said, “The changes in the health  system are rocket fuel for entrepreneurs” (Weaver, Kaiser Health  News/Washington Post, 11/6).

Source: iHealthBeat

Comments are closed.

Services

Follow us

Copyright 2015 - Pulse Practice Solutions | 615.425.2719

  • Go to top ↑