top of page
  • Lloyd Price

Tech-enabled healthcare: What exactly is it? Funding, IPO's and Future Trends



Exec Summary:


Tech-enabled healthcare is the use of technology to improve the delivery of healthcare services. This can include a wide range of technologies, such as:


  • Telehealth: Telehealth allows patients to consult with healthcare providers remotely, using video conferencing or other technology. This can be convenient for patients who live in rural areas or who have difficulty traveling to see a doctor.

  • Wearable devices: Wearable devices, such as fitness trackers and smartwatches, can be used to track patients' health data, such as heart rate, blood pressure, and sleep patterns. This data can be shared with healthcare providers to help them monitor patients' health and identify any potential problems early on.

  • Electronic health records (EHRs): EHRs allow healthcare providers to access patients' medical records electronically. This can improve the efficiency and accuracy of care, as providers have access to all of the patient's relevant medical information in one place.

  • Artificial intelligence (AI): AI is being used in a variety of ways to improve healthcare, such as developing new drugs and treatments, diagnosing diseases, and assisting with surgery.


Tech-enabled healthcare has the potential to improve the quality, access, and affordability of healthcare. It can also help patients to be more involved in their own care.


Here are some examples of how tech-enabled healthcare is being used today:


  • A patient with chronic heart disease can use a wearable device to track their heart rate and blood pressure. This data is then shared with their doctor, who can use it to monitor their condition and adjust their treatment plan as needed.

  • A patient in a rural area can use telehealth to consult with a specialist without having to travel to a major city.

  • A surgeon can use AI-assisted surgery to improve the accuracy and precision of their work.

  • A pharmaceutical company can use AI to develop new drugs and treatments more quickly and efficiently.

  • A diabetes patient can use a wearable device to track their blood sugar levels and share this data with their doctor remotely. This can help the patient to manage their diabetes more effectively and to avoid complications.

  • A cancer patient can use a telehealth platform to consult with their oncologist from home. This can reduce the need for travel and can make it easier for the patient to get the care they need.

  • A hospital can use AI to analyze patient data and identify patients who are at risk of developing certain diseases. This can help the hospital to intervene early and prevent these diseases from developing.


Tech-enabled healthcare is still in its early stages of development, but it has the potential to revolutionize the way we deliver and receive healthcare.


Here are some of the benefits of tech-enabled healthcare:


  • Improved quality of care: Tech-enabled healthcare can help to improve the quality of care by providing patients with access to better information and by helping healthcare providers to make more informed decisions.

  • Increased access to care: Tech-enabled healthcare can help to increase access to care for patients who live in rural areas or who have difficulty traveling to see a doctor.

  • Reduced costs: Tech-enabled healthcare can help to reduce costs by improving the efficiency of care delivery and by reducing the need for hospitalizations.

  • Increased patient engagement: Tech-enabled healthcare can help to increase patient engagement by giving patients more control over their own care and by providing them with better access to information.


Overall, tech-enabled healthcare has the potential to significantly improve the way we deliver and receive healthcare. It is an exciting area of innovation with the potential to make a real difference in people's lives.


Corporate Development for Healthcare Technology companies in EMEA


Healthcare Technology Thought Leadership from Nelson Advisors – Market Insights, Analysis & Predictions. Visit https://www.healthcare.digital 


HealthTech Corporate Development - Buy Side, Sell Side, Growth & Strategy services for Founders, Owners and Investors. Email lloyd@nelsonadvisors.co.uk  


HealthTech M&A Newsletter from Nelson Advisors - HealthTech, Health IT, Digital Health Insights and Analysis. Subscribe Today! https://lnkd.in/e5hTp_xb 


HealthTech Corporate Development and M&A - Buy Side, Sell Side, Growth & Strategy services for companies in Europe, Middle East and Africa. Visit www.nelsonadvisors.co.uk  



Tech-enabled healthcare venture capital funding


Tech-enabled healthcare venture capital funding is the investment of venture capital in companies that are developing or using technology to improve the delivery and quality of healthcare. This includes a wide range of technologies, such as telehealth, electronic health records (EHRs), wearable devices, and artificial intelligence (AI).


Tech-enabled healthcare venture capital funding has grown significantly in recent years. In 2022, global venture capital funding for tech-enabled healthcare companies reached $27.5 billion, according to Deloitte. This represents a 30% increase from 2021, and a more than doubling from 2020.


The growth of tech-enabled healthcare venture capital funding is being driven by a number of factors, including:


  • The rising cost of healthcare: Healthcare costs are rising globally, and governments and healthcare providers are looking for ways to reduce costs and improve efficiency. Tech-enabled healthcare solutions can help to achieve these goals.

  • The aging population: The global population is aging, and this is leading to an increase in the demand for chronic disease management and senior care. Tech-enabled healthcare solutions can help to meet these needs.

  • The increasing prevalence of chronic diseases: Chronic diseases, such as heart disease, cancer, and diabetes, are becoming more prevalent globally. Tech-enabled healthcare solutions can help patients to manage their chronic diseases and improve their quality of life.

  • The rise of digital health: Digital health is the use of technology to improve the delivery and quality of healthcare. It includes a wide range of technologies, such as telehealth, EHRs, and wearable devices. The rise of digital health is creating new opportunities for tech-enabled healthcare companies.

Tech-enabled healthcare venture capital funding is playing an important role in the development and adoption of new healthcare technologies. By investing in early-stage companies, venture capitalists are helping to bring new products and services to market that can improve the quality and efficiency of healthcare for everyone.



Tech-enabled healthcare IPO's


A tech-enabled healthcare IPO is an initial public offering (IPO) of a company that develops or uses technology to improve the delivery and quality of healthcare. This includes a wide range of technologies, such as telehealth, electronic health records (EHRs), wearable devices, and artificial intelligence (AI).


Tech-enabled healthcare IPOs have become increasingly common in recent years. In 2022, there were 20 tech-enabled healthcare IPOs on US exchanges, raising a total of $6.5 billion, according to Renaissance Capital. This represents a significant increase from 2021, when there were 12 tech-enabled healthcare IPOs raising $3.3 billion.


Tech-enabled healthcare IPOs are providing companies in this sector with access to public capital markets. This capital can be used to fund growth initiatives, such as new product development, market expansion, and acquisitions. Tech-enabled healthcare IPOs are also raising public awareness of the sector and attracting new investors.


Here are some examples of tech-enabled healthcare companies that have had successful IPOs in recent years:


  • One Medical: One Medical is a company that provides primary care services through a network of clinics and telehealth. The company went public in January 2020 and raised $575 million.

  • GoodRx: GoodRx is a company that provides prescription drug discounts to consumers. The company went public in September 2020 and raised $1.1 billion.

  • Oscar Health: Oscar Health is a company that provides health insurance plans. The company went public in March 2021 and raised $1.2 billion.

  • Definitive Healthcare: Definitive Healthcare is a company that provides healthcare data and analytics to life sciences companies. The company went public in September 2022 and raised $420 million.

These are just a few examples of the many tech-enabled healthcare companies that have had successful IPOs in recent years. As the demand for tech-enabled healthcare solutions continues to grow, tech-enabled healthcare IPOs are likely to continue to be a popular way for companies in this sector to raise capital and grow their businesses.



Final Thoughts

The future of tech-enabled healthcare is very promising. As technology continues to advance, we can expect to see even more innovative and effective ways to deliver and manage healthcare.


Here are some of the key trends that we can expect to see in the future of tech-enabled healthcare:


  • Increased use of artificial intelligence (AI): AI is already being used in healthcare in a variety of ways, such as to develop new drugs and treatments, to diagnose diseases, and to personalize care for patients. In the future, we can expect to see AI being used even more extensively in healthcare, and in new and innovative ways. For example, AI could be used to develop new diagnostic tools that can detect diseases earlier and more accurately, or to develop personalised treatment plans for patients.

  • The rise of wearable devices: Wearable devices, such as fitness trackers and smartwatches, are becoming increasingly popular. These devices can collect data about a person's health, such as heart rate, blood pressure, and sleep patterns. This data can be used to help people manage their health and to identify potential health problems early on. In the future, we can expect to see wearable devices becoming even more sophisticated and affordable, and being used by more and more people to manage their health.

  • The growth of telehealth: Telehealth allows patients to consult with healthcare professionals remotely, using video conferencing or other technologies. This can be convenient for patients who live in rural areas or who have difficulty traveling to see a doctor. Telehealth can also be used to provide care to patients with chronic diseases who need regular follow-up appointments. In the future, we can expect to see telehealth becoming even more common, and being used to provide a wider range of healthcare services.

  • The development of new healthcare technologies: New healthcare technologies are being developed all the time. For example, researchers are developing new types of implants that can improve the quality of life for people with disabilities, and new types of devices that can be used to diagnose and treat diseases in a non-invasive way. In the future, we can expect to see new healthcare technologies being developed that can revolutionize the way that healthcare is delivered.


Overall, the future of tech-enabled healthcare is very promising. As technology continues to advance, we can expect to see even more innovative and effective ways to deliver and manage healthcare. This will lead to improved health outcomes for patients and lower costs for the healthcare system.


Here are some specific examples of how tech-enabled healthcare could be used in the future:


  • AI could be used to develop a new diagnostic tool that can detect cancer cells in the blood earlier and more accurately than current methods. This could lead to earlier diagnosis and treatment of cancer, which would improve patient outcomes.

  • Wearable devices could be used to monitor the health of patients with chronic diseases, such as heart disease or diabetes. This data could be used to identify potential health problems early on and to adjust treatment plans accordingly. This could help to prevent complications from chronic diseases and improve the quality of life for patients.

  • Telehealth could be used to provide care to patients in remote areas who would otherwise have difficulty accessing healthcare. Telehealth could also be used to provide care to patients with chronic diseases who need regular follow-up appointments. This could help to reduce the burden on the healthcare system and improve access to care for patients.

  • New healthcare technologies could be developed to treat diseases in a non-invasive way. For example, researchers are developing new types of implants that can deliver drugs directly to the site of a tumor. This could help to reduce the side effects of chemotherapy and other treatments.


These are just a few examples of how tech-enabled healthcare could be used in the future. As technology continues to advance, we can expect to see even more innovative and effective ways to deliver and manage healthcare.


Corporate Development for Healthcare Technology companies in EMEA


Healthcare Technology Thought Leadership from Nelson Advisors – Market Insights, Analysis & Predictions. Visit https://www.healthcare.digital 


HealthTech Corporate Development - Buy Side, Sell Side, Growth & Strategy services for Founders, Owners and Investors. Email lloyd@nelsonadvisors.co.uk  


HealthTech M&A Newsletter from Nelson Advisors - HealthTech, Health IT, Digital Health Insights and Analysis. Subscribe Today! https://lnkd.in/e5hTp_xb 


HealthTech Corporate Development and M&A - Buy Side, Sell Side, Growth & Strategy services for companies in Europe, Middle East and Africa. Visit www.nelsonadvisors.co.uk  



142 views

Comments


Screenshot 2023-11-06 at 13.13.55.png
bottom of page