Digital Health Hitting Record Highs

While 2013 marked a record breaking year in digital health investment, 2014 is shaping up to be even bigger. According to a report by Rock Health, digital health investment hit a nearly $700 million during the first quarter of 2014, a new record and 87% increase over the first quarter of 213 (only accounting for deals over $2m).

The largest of these deals included MedHok ($77.5M), MindBody ($50M) and Health Catalyst ($41M). According to this same report, the four categories that saw the biggest investment were:

-Payer Administration ($120M)

-Analytics and Big Data ($107M)

-Telemedicine ($61M)

-Care Coordination ($57M)

In addition to a significant increase in digital health funding, 2014 has already seen three digital health IPOs:

-Castlight Health (NYSE:CSLT)

-Care.com (NYSE: CRCM)

-Everyday Health (NYSE:EVDY)

With Q1 behind us, the focus on digital health has far from waned. This week, Andreessen Horowitz made its first major debut into digital health, leading a $23 million series B round for Omada Health, a pioneer in digital therapeutics.