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Investors Bet Billions That Health Care's Long Overdue Digital Shift Is Finally Here

The pandemic has drawn an infusion of capital to young companies looking to solve old problems

Photographer: Tom Grill/Tetra images/Getty Images

Investors are pouring a record amount of money into young companies trying to transform U.S. health care at an accelerating pace.

Spurred by the pandemic, private funding for health-care companies has reached new highs every quarter since Covid-19 emerged. Investors steered a record $6.7 billion to U.S. digital health startups in the first three months of 2021, according to venture firm and researcher Rock Health. In 2011, Rock Health tracked $1.1 billion invested in digital health for the entire year.