Prognosis
Investors Bet Billions That Health Care's Long Overdue Digital Shift Is Finally Here
The pandemic has drawn an infusion of capital to young companies looking to solve old problems
Photographer: Tom Grill/Tetra images/Getty Images
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Investors are pouring a record amount of money into young companies trying to transform U.S. health care at an accelerating pace.
Spurred by the pandemic, private funding for health-care companies has reached new highs every quarter since Covid-19 emerged. Investors steered a record $6.7 billion to U.S. digital health startups in the first three months of 2021, according to venture firm and researcher Rock Health. In 2011, Rock Health tracked $1.1 billion invested in digital health for the entire year.