Digital health investment, which has historically included a large percentage of behavioral health funding, has plummeted to pre-pandemic levels during the first quarter of 2023.
This comes as the public health emergency’s end also nears, potentially disrupting telehealth allowances and ending flexible controlled substances regulations, reports Behavioral Health Business.
Investors poured roughly $3.4 billion into digital health companies in Q1, according to a new report by San Francisco-based digital health venture capital and advisory firm Rock Health. Comparatively, 2022 ended with $15.3 billion in digital health funding, and 2021 funding totaled $29.3 billion. Read more.
