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Bio & Life Sciences Opinion

Why VC’s Shortchange Healthcare IT—And How to Change It

Some are celebrating the increasing levels of venture capital flowing to health information technology startups. But I’m in the business of cloud-based electronic health record services, and I’m not celebrating. In fact, I consider current levels of VC funding for my industry to be tragic. In a 2013 first quarter report, Mercom Capital Group reported that “the sector continues to explode in another record quarter with almost half a billion dollars ($493 million) raised.” But VC levels pale in comparison to what the federal government has ponied up: $30 billion under the HITECH Act to encourage adoption of health IT.   More