Funding for health IT in the third quarter of 2015 rose 32 percent from Q2, with $1.6 billion in 148 deals, according to a report from Mercom Capital Group.
So far this year, venture capital funding has hit almost $3.57 billion. The third quarter proved more fruitful than Q2, which saw $1.2 billion raised through 139 deals, the report says.
Funding for the health IT sector continues to see steady growth, with the amount raised in the first three quarters of this year, $3.3 billion, surpassing that of the first three quarters of 2014, according to a Rock Health report. Last year was a record one for investments in digital health.
Mercom also found that a big bulk of the funding in Q3 went to companies focused on health information management, rating and comparison shopping, and mHealth companies.
Initial public offerings also play a big role in the marketplace. IPOs for Fitbit, Teladoc, Evolent Health and Press Ganey Holdings all opened at higher than their original offer prices, and investors see plenty of room to move healthcare forward with technology, FierceHealthIT previously reported.