Black digital health company leaders receive significantly less funding than white, Asian counterparts

The absence of diversity amongst digital health business leadership might increase the possibility they are creating health care tools that further health disparities, according to Rock Healths 2020 report on variety in digital health.

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Katie Adams –
Monday, November 9th, 2020

The study discovered over half of white and Asian creators got equity capital financing, whereas just 24 percent of Black creators did. Black founders likewise were most likely to be from the South (38 percent) and Midwest (20 percent) than the West (4 percent) and Northeast (9 percent). The latter 2 regions house the countrys greatest concentration of capital.

Between July and September 2020, digital health seed fund Rock Health surveyed more than 650 digital health company creators and leaders to measure the markets baseline of racial and ethnic diversity.

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Actions likewise revealed that Black individuals comprise 13 percent of the countrys population but simply 8 percent of digital health management teams, and Latinx individuals make up 19 percent of the countrys population but simply 6 percent of digital health leadership groups. The study likewise discovered Asian Americans are overrepresented in the industrys management, as the group makes up 6 percent of the nations population however 20 percent of digital health leadership teams.