HealthTensor, a Los Angeles, California-based startup creating software to augment medical decision-making, today announced it has raised $5 million. The company says the funds will be used to scale up operations and acquire new customers. The global market for big data analytics in health care was valued at $16.87 billion in 2017 and is projected to reach $67.82 billion by 2025, according to a recent report from Allied Market Research. It’s believed that health care organizations’ implementation of big data analytics might lead to a more than 25% reduction in annual costs in the coming years.
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