The pandemic brought a windfall for private health tech startups and fueled a rush to the public markets. And in turn, leaders at some of the industry’s top companies saw their take-home pay skyrocket.
It’s difficult to draw broad conclusions about executive compensation in health tech — or how it stacks up to other sectors — because the industry itself is so loosely defined. It encompasses everything from telehealth and hybrid care companies to electronic health records vendors and businesses that gather and mine medical data for marketing. And while the health tech industry is rapidly growing, the presence on the public markets is relatively nascent. Newly public companies in 2020 and 2021 included insurance tech company Bright Health and prescription drug pricing giant GoodRx.