About $700 million in venture funding flowed into the digital health sector during the third quarter, a report from prominent digital health accelerator Rock Health found. That represents a decline in the pace of growth in funding.
The second quarter saw $1.6 billion raised. The third quarter haul roughly equaled the first quarter total, as approximately $700 million was raised then as well. In total, the sector has garnered $3 billion this year.
Rock Health does not provide a definition of which types of startups it includes in its definition of digital health. However, a look at the categories of firms it considers such as predictive analytics, payer administration and telemedicine suggests it views digital health in very broad terms to include any software designed to interact with the healthcare system.