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Industry Landscape
The telehealth industry is experiencing significant growth, driven by technological advancements, increasing demand for convenient healthcare access, and evolving regulatory landscapes. Post-pandemic, virtual care has become an integral part of healthcare delivery, pushing innovation in remote diagnostics, AI-driven solutions, and integrated platforms. Focus is shifting towards comprehensive virtual primary care and specialized services, aiming to improve accessibility and reduce costs.
Total Assets Under Management (AUM)
Telehealth Market Size in United States
~45.0 billion USD
(27.5% CAGR)
- Driven by increased adoption of virtual consultations.
- Supported by advancements in remote monitoring devices.
- Bolstered by favorable regulatory changes and payer policies.
Total Addressable Market
45 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Diagnostic Assistance
AI algorithms are increasingly used to analyze medical images, vital signs, and patient data to provide more accurate and faster diagnostic support for clinicians, enhancing remote examination capabilities.
5G Connectivity and Edge Computing
The proliferation of 5G enables higher bandwidth and lower latency for real-time video consultations and data transmission, while edge computing processes data closer to the source, improving efficiency and security for remote monitoring devices.
Personalized Digital Therapeutics (DTx)
DTx solutions deliver evidence-based therapeutic interventions directly to patients via software, offering personalized care plans and behavior modification support for chronic disease management alongside virtual consultations.
Impactful Policy Frameworks
Consolidated Appropriations Act, 2021 (CAA)
The CAA, enacted in December 2020, extended many telehealth flexibilities that were implemented during the COVID-19 Public Health Emergency (PHE), including allowing federally qualified health centers (FQHCs) and rural health clinics (RHCs) to act as distant sites for telehealth services.
This policy expands the eligible originating and distant sites for telehealth services, increasing access to virtual care for rural and underserved populations and enabling broader integration of TytoCare's solutions within these healthcare settings.
CMS Physician Fee Schedule Final Rule (2023)
The Centers for Medicare & Medicaid Services (CMS) finalized changes in the 2023 Physician Fee Schedule, making permanent certain telehealth services that were temporarily added during the PHE and clarifying coding and payment policies for remote patient monitoring.
This rule provides greater payment certainty and expands reimbursement for telehealth and remote patient monitoring services, incentivizing healthcare providers and health plans to invest in and utilize solutions like TytoCare.
State Licensure Compacts (e.g., Interstate Medical Licensure Compact)
Various states have joined or are considering joining interstate licensure compacts, which streamline the process for physicians to practice medicine across state lines without obtaining multiple full licenses, particularly beneficial for telehealth.
These compacts reduce regulatory burdens for clinicians offering telehealth across state lines, facilitating broader reach for TytoCare's platform and its clinical partners to serve patients in multiple jurisdictions.
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