2024年一季度医疗保健IT报告（英）2024

EMERGINGTECHRESEARCH HealthcareITReport VCandPEtrendsandemergingopportunities REPORTPREVIEW ThefullreportisavailablethroughthePitchBookPlatform. Q1 2024 InstitutionalResearchGroup Analysis RebeccaSpringer,Ph.D.LeadAnalyst,Healthcarerebecca.springer@pitchbook.compbinstitutionalresearch@pitchbook.com Data CollinAndersonDataAnalyst Publishing ReportdesignedbyJoeySchafferandChloeLadwig PublishedonMay30,2024 CONFIDENTIAL.NOTFORREDISTRIBUTION.PG2 Contents Verticalupdate3 Q12024timeline4 HealthcareITlandscape5 HealthcareITVCecosystemmarketmap6 HealthcareITPEecosystemmarketmap7 VCandPEactivity8 Emergingopportunities18 Diabetescaremanagement19 Remotemonitoringandchronicconditionmanagementecosystem23marketmap ThefragmentedRPM/CCMlandscape24 Q12024HealthcareITReport HealthcareITlandscape Electronichealthrecords&clinicalinformation Revenuecycle Operations Analytics Infrastructure&compliance Q12024HealthcareITReportCONFIDENTIAL.NOTFORREDISTRIBUTION.PG5 HealthcareITVCdealactivitybyquarter $4 $3 $2 $1 $0 150 100 50 0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q120202021202220232024* Dealvalue($B)Dealcount Source:PitchBook•Geography:Global•*AsofMarch31,2024 HealthcareITPEdealcountbyquarter 4522374746564450443442293521332723 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q120202021202220232024* Source:PitchBook•Geography:Global•*AsofMarch31,2024 VCandPEactivity InQ12024,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$40.0millionSeriesBforcodingautomationcompanyCodaMetrixand a$50.0millionSeriesBforpriorauthorizationautomationcompanyCohereHealth,whichweprofiledinlastquarter’sreport. PEinvestorsannouncedorclosed23healthcareITdealsinQ12024,down14.8%fromQ42023.Overthepast12months,PEinvestorshaveannouncedorclosed25.7%fewerhealthcareITdealsthanintheprevious12months.TheclosingofKKR’sstakeinpayertechcompanyCotivitiandNewMountainCapital’sapproachofR1RCMfora$5.6billiontake-privaterepresentthetwolargestdealsofthequarter.AlsonoteworthywereFrazierHealthcarePartners’purchase ofpatientpaymentssolutionRevSpringfromGTCR,andSunstonePartners’acquisitionofRPMservicesproviderAccuhealth.WediscusstheopportunityinRPMandtheAccuhealthdeallaterinthisreport. CONFIDENTIAL.NOTFORREDISTRIBUTION.PG8 Q12024HealthcareITReport VCANDPEACTIVITY KeyhealthcareITearly-stageVCdealsinQ12024* Company Closedate Category Dealvalue($M) Dealseries Leadinvestor(s) Tennr March26 Processautomation $18.0 SeriesA AndreessenHorowitz HippocraticAI March18 Processautomation $55.0 SeriesA GeneralCatalyst,PremjiInvest RadAI March8 Clinicaldocumentation $63.0 SeriesB N/A Plenful March7 Processautomation $17.0 SeriesA TQVentures ChamberCardio March6 VBCenablement $8.0 N/A GeneralCatalyst Fabric February21 Resourcemanagement&procurement $60.0 SeriesA GeneralCatalyst AnatomyFinancial February13 Billingandcoding $7.6 N/A LightspeedVenturePartners MedicalForce February7 VerticalEHRs&enterprisesystems $10.2 N/A N/A QuantileHealth February2 Patientpayments $7.7 N/A MunichReVentures Codex February1 Patient&memberengagement $11.0 N/A N/A Source:PitchBook•Geography:Global•*AsofMarch31,2024 Q12024HealthcareITReportCONFIDENTIAL.NOTFORREDISTRIBUTION.PG11 VCANDPEACTIVITY KeyhealthcareITlate-stageandventure-growthdealsinQ12024* Company Closedate Category Dealvalue($M) Dealseries Leadinvestor(s) Abridge March29 Clinicaldocumentation $150.0 SeriesC LightspeedVenturePartners,RedpointVentures HiLabs March11 Directories,credentialing&networks $39.0 SeriesB DenaliGrowthPartners,EightRoads CodaMetrix February29 Billing&coding $40.0 SeriesB TransformationCapital Reveleer February26 Revenueoptimization $65.0 N/A HerculesCapitalBDC HealthSnap February21 RPMsoftware $25.0 SeriesB SandsCapital Cylera February5 Security,identity&access $26.0 SeriesB N/A CohereHealth January26 Billing&coding $50.0 SeriesB DeerfieldManagement AmigoTech January26 Practicemanagement $32.7 N/A N/A Artisight January11 Resourcemanagement&procurement $42.0 SeriesB N/A Nabla January5 Telemedicineenablement $24.0 SeriesB CathayInnovation Source:PitchBook•Geography:Global•*AsofMarch31,2024 Q12024HealthcareITReportCONFIDENTIAL.NOTFORREDISTRIBUTION.PG12 AboutPitchBook PitchBookData,Inc. JohnGabbertFounder,CEO NizarTarhuniVicePresident,InstitutionalResearchandEditorial PaulCondraHe