Uncover the transformative power of Health Systems as a driving force for Digital Health across the United States. Spearheading a revolution in healthcare delivery, these systems enhance patient outcomes, address internal challenges, and play a pivotal role in nurturing the ecosystem. Explore their dynamic involvement, backed by accelerator programs and venture capital initiatives, making Health Systems and hospitals the linchpin of the Digital Health landscape in 2024.
Uncover the power of Health Systems as a driving force for Digital Health across the United States. Spearheading a revolution in healthcare delivery, these systems enhance patient outcomes, address internal challenges, and play a pivotal role in nurturing the ecosystem. Explore their dynamic involvement, backed by accelerator programs and venture capital initiatives, making Health Systems and hospitals the linchpin of the Digital Health landscape in 2024.
HealthTech Alpha, a Galen Growth proprietary solution, and the world’s leading Digital Health private market data, intel and insights platform powers this report!
Amidst healthcare staff shortages and outdated processes, 2023 witnessed a significant shift as Health Systems in the United States embraced Digital Health solutions. Experiencing a remarkable 1.3x year-over-year increase in partnerships with Digital Health ventures, these systems are actively tackling their most pressing pain points. Noteworthy is the fact that, excluding venture-to-venture collaborations, Health Systems announced more than twice the number of partnerships compared to companies in the Biopharma vertical in 2023.
In continuation of the inaugural report from 2023, this comprehensive analysis by Galen Growth zooms in on the activities of U.S. Health Systems over the past 5 years, shedding light on their transformative journey in the realm of Digital Health.
In the dynamic landscape of Digital Health, a remarkable 26% of global partnerships in 2023 involved health systems and hospitals, eclipsing other industry verticals.
Over the last 5 years, a formidable cohort of 75 Health Systems and hospitals within the healthcare vertical took center stage, contributing to 50% of partnerships in the Digital Health domain.
Embracing the future, 55% of ventures entering into partnerships with U.S. Health Systems are harnessing the power of Artificial Intelligence (AI) technology.
Recognizing the importance of longevity in partnerships, Health Systems are discerning in their choices. Notably, 61% of Digital Health ventures collaborating with U.S. Health Systems have not secured funding in the past 18 months, indicating a focus on stability.
While Health Management Solutions remain pivotal for operational efficiency, the year 2023 witnessed a significant surge in the adoption of Telemedicine solutions, underscoring the evolving priorities of Health Systems.
The “Health Systems are a Driving Force for Digital Health in the U.S.” includes data on the following
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Galen Growth’s proprietary platform, HealthTech Alpha, provides the data source for this report. Corporate Business Development, Business Intelligence, and Digital Health Partnership teams worldwide prefer HealthTech Alpha, the world’s most-trusted Digital Health data, intel, and insights platform. Visit https://www.healthtechalpha.com to learn more about our data or https://www.galengrowth.com research for our reports.
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| About Galen Growth |
| Headlines: 8 pages, 10 charts |
| Health Systems and Digital Health: 8 pages, 5 charts, 2 tables |
| Partnership Insights: 13 pages, 14 charts, 3 tables |
| Cluster Focus: 3 pages, 2 charts, 1 table |
| Therapeutic Focus: 2 pages, 2 charts, 2 tables |
| AI in Health Systems: 6 pages, 7 charts |
| Health Systems as Investors: 6 pages, 5 charts, 3 tables |
| Key Information |
