Health Tech 1.0 burned through investor trust. Health Tech 2.0 is earning it back. The first generation rode pandemic IPO tailwinds with weak unit economics and fragile models, leaving a lasting “trust gap” across the sector. Today’s cohort looks very different: profitable or near-profitable, strong net retention, clear ROI, and growth 2x their high-growth software peers — yet still trading at a 10-20% discount. The State of Health AI 2026 unpacks how Health Tech 2.0 is rewriting the playbook with AI-native business models, better margins, and durable growth that is poised to close that gap. Read our full report out now 👉 bessemervp.team/45ZAVwX
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