Venture funding for health care startups hit record

NEW YORK CITY, N.Y. – Venture funding for startups that focus on the intersection of health care and technology hit a record $4.1 billion in 2014.

That was a 125 percent year-over-year jump, according to Rock Health, which provides seed funding for startups and conducts research in the area.

Malay Gandhi, managing director of Rock Health, said technology can improve the quality of health care dramatically.

One of those companies is Omada Health, which connects those at risk for chronic disease like diabetes to a comprehensive lifestyle change program, including a personal health coach and digital support group.

Source: Alley Watch

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