What is Healthtech?
Simply put, healthtech, also digital health, is a fusion of “health” and “technology”. Not-so-simply, healthtech is the use of technology to improve the delivery, personalization and data gathering in the healthcare industry. Technology has been the catalyst of development of new, care tools, medicinal products, and patient experiences. This definition, however, does not aptly define all the innovation and transformation in the healthcare industry, which has limitless possibilities for change. In the last few years, funding from venture capitalists has not only tremendously grown, but it has allowed this sector to have access to technological advancements that would aid its dated processes.