2025–2026 Health Tech AI Market Report
We believe the strongest areas in Health-Tech and Health AI today are:
AI documentation and ambient clinical workflow
Revenue cycle management and payment integrity
Clinical decision support and care navigation
Imaging, diagnostics, and precision medicine software
Interoperability, data infrastructure, and orchestration layers
Patient engagement and virtual care with measurable retention or compliance
Employer, payer, and value-based care enablement platforms with real ROI
That view is supported by where capital and strategic activity have been going. In 2025, New Mountain combined AI-native and legacy assets through transactions involving Machinify, Smarter Technologies, and related healthcare intelligence/payment platforms, while strategic acquirers also pursued scaled software assets such as Waystar’s $1.25 billion acquisition of Iodine Software and GE HealthCare’s $2.3 billion acquisition of Intelerad. These deals show that buyers are still willing to pay for assets that sit close to revenue optimization, imaging workflow, and embedded enterprise infrastructure.
