Local health-tech investment boom faces headwinds in 2022
Interviewed by Ryan Deffenbaugh of Crain’s NY about digital health funding trends. Quoted throughout the article.
"We may well see a slowdown, but the investment is still way ahead of where we were in 2019," said Bunny Ellerin, president of the New York City Health Business Leaders, an industry group for health care companies.
"This year consumers and physicians are determining the best uses for telehealth, whereas there was no other choice during the heart of the pandemic," Ellerin said.
Ellerin said investment in health-tech is important for the city overall, as fast-growing startups hire a lot of people. But a tight labor market means that hiring could continue for some time even if investment slows. A poll of health-tech firms by New York City Health Business Leaders found that the ability to find talent is a top concern for most companies. "It is still a really competitive market for talent.”