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Industry Landscape
The telehealth and virtual care industry is experiencing rapid growth, driven by increasing demand for convenient access to care, technological advancements, and supportive regulatory changes. It is shifting towards comprehensive enterprise solutions that integrate seamlessly with existing healthcare infrastructures, focusing on enhancing operational efficiency and patient outcomes for large health systems.
Total Assets Under Management (AUM)
Global Telehealth Market Size in United States
~30.4 billion USD (2023)
(24.9% CAGR)
- Driven by increasing adoption post-pandemic.
- Focus on chronic disease management and mental health.
- Integration with AI and advanced analytics for personalized care.
Total Addressable Market
455.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Clinical Decision Support
Generative AI can analyze vast amounts of medical data to assist clinicians in diagnosis, treatment planning, and personalized patient care within virtual settings.
Ambient Clinical Intelligence (ACI)
ACI uses AI-powered voice technology to automatically document patient encounters, reducing administrative burden for providers during virtual visits and improving data accuracy.
Remote Patient Monitoring (RPM) with IoT
Integration of IoT devices for continuous patient data collection enables proactive virtual care, especially for chronic disease management, and reduces hospital readmissions.
Impactful Policy Frameworks
Consolidated Appropriations Act, 2021 (CAA)
The CAA (2021) made permanent certain telehealth flexibilities for Medicare, including allowing federally qualified health centers (FQHCs) and rural health clinics (RHCs) to serve as distant sites for telehealth services.
This policy expands the eligible originating sites for telehealth, increasing the addressable market for eVisit's solutions among rural and underserved populations.
Centers for Medicare & Medicaid Services (CMS) Physician Fee Schedule Final Rule (2024)
The CMS Physician Fee Schedule Final Rule for 2024 finalized payment for certain telehealth services that were temporarily covered during the COVID-19 Public Health Emergency, continuing to allow direct supervision via audio/video for certain services and extending some flexibilities through 2024.
This rule provides greater payment certainty for a broader range of telehealth services, encouraging continued adoption and expansion of virtual care by health systems.
Interoperability and Patient Access Rule (2020)
The ONC's 21st Century Cures Act Interoperability and Patient Access Rule (2020) mandates that healthcare payers and providers share patient data electronically, promoting seamless information exchange.
This rule reinforces the need for robust EHR integration and interoperability, a key strength for eVisit, allowing for more comprehensive and coordinated virtual care delivery.
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