PitchBook年一季度医疗保健IT报告（英）.pdf

EMERGINGTECHRESEARCHHealthcareITReportVCandPEtrendsandemergingopportunitiesQ12024REPORTPREVIEWThefullreportisavailablethroughthePitchBookPlatform.CONFIDENTIAL.NOTFORREDISTRIBUTION.PG2ContentsInstitutionalResearchGroupAnalysisDataCollinAndersonDataAnalystPublishingReportdesignedbyJoeySchafferandChloeLadwigPublishedonMay30,2024RebeccaSpringer,Ph.D.LeadAnalyst,Healthcarerebecca.springer@pitchbook.compbinstitutionalresearch@pitchbook.comQ12024HealthcareITReportVerticalupdate3Q12024timeline4HealthcareITlandscape5HealthcareITVCecosystemmarketmap6HealthcareITPEecosystemmarketmap7VCandPEactivity8Emergingopportunities18Diabetescaremanagement19Remotemonitoringandchronicconditionmanagementecosystemmarketmap23ThefragmentedRPM/CCMlandscape24CONFIDENTIAL.NOTFORREDISTRIBUTION.PG5Q12024HealthcareITReportHealthcareITlandscapeElectronichealthrecords&clinicalinformationRevenuecycleOperationsAnalyticsInfrastructure&complianceCONFIDENTIAL.NOTFORREDISTRIBUTION.PG8Q12024HealthcareITReportVCandPEactivityInQ12024,healthcareITcompaniescumulativelyraised$1.0billioninVCfundingacross74deals,representinga3.3%increaseindealvalueanda10.4%increaseindealcountQoQ.CumulativeVCdealvalueforhealthcareIToverthepast12monthsdecreasedby11.9%comparedwiththeprevious12months.Thequarter’slargestVCdealbyfarwastheLightspeed-andRedpoint-led$150.0millionSeriesCbyambientclinicaldocumentationcompanyAbridge.Broadlyconsideredoneoftheleadingcompaniesinthiscrowdedcategory,AbridgehasnotchedpartnershipswithEpic,NVIDIA,MemorialCare,andSutterHealthandraiseda$30.0millionSeriesBinOctober2023.Thecompany’srapidreturntothefundraisingmarketunderscoresnotonlytheenthusiasmthatVCinvestorsaredisplayingtowardAIscribes—oneofthemostaccessibleapplicationsofLLMsinhealthcare—butalsothehighcostassociatedwithtrainingAImodels.Othernoteworthyfundraisesincludeda$40.0millionSeriesBforcodingautomationcompanyCodaMetrixanda$50.0millionSeriesBforpriorauthorizationautomationcompanyCohereHealth,whichweprofiledinlastquarter’sreport.PEinvestorsannouncedorclosed23healthcareITdealsinQ12024,down14.8%fromQ42023.Overthepast12months,PEinvestorshaveannouncedorclosed25.7%fewerhealthcareITdealsthanintheprevious12months.TheclosingofKKR’sstakeinpayertechcompanyCotivitiandNewMountainCapital’sapproachofR1RCMfora$5.6billiontake-privaterepresentthetwolargestdealsofthequarter.AlsonoteworthywereFrazierHealthcarePartners’purchaseofpatientpaymentssolutionRevSpringfromGTCR,andSunstonePartners’acquisitionofRPMservicesproviderAccuhealth.WediscusstheopportunityinRPMandtheAccuhealthdeallaterinthisreport.Source:PitchBook•Geography:Global•*AsofMarch31,2024HealthcareITVCdealactivitybyquarter050100150$0$1$2$3$4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q120202021202220232024*Deal value ($B)Deal countSource:PitchBook•Geography:Global•*AsofMarch31,2024HealthcareITPEdealcountbyquarter4522374746564450443442293521332723Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q120202021202220232024*CONFIDENTIAL.NOTFORREDISTRIBUTION.PG11Q12024HealthcareITReportKeyhealthcareITearly-stageVCdealsinQ12024*Com