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The digital health industry is experiencing rapid growth, driven by technological advancements, increased demand for remote care, and a focus on preventative health. It's characterized by innovation in AI, data analytics, and connected devices, aiming to improve patient outcomes and operational efficiency. Regulatory frameworks are evolving to keep pace with these innovations.
Total Assets Under Management (AUM)
Digital Health Market Size in United States
~Approximately 175 billion USD in 2023
(15-20% CAGR)
- Growth fueled by increasing adoption of telehealth.
- Rising investment in AI and data analytics in healthcare.
- Focus on chronic disease management and preventative care solutions.
250 billion USD
Generative AI can create synthetic patient data for training, improve image analysis for quicker diagnoses, and personalize treatment plans in the US digital health market.
Advanced wearable devices offer continuous, real-time health monitoring, providing rich data for predictive analytics and preventative care, enhancing remote patient management in the US.
Blockchain technology can enhance the security, privacy, and interoperability of health records, streamlining data exchange and compliance in the complex US healthcare landscape.
The 21st Century Cures Act's information blocking provisions (effective April 5, 2021) mandate that healthcare providers, health IT developers, and health information networks cannot knowingly and unreasonably interfere with the access, exchange, or use of electronic health information (EHI).
This policy pushes Factwise Health towards greater interoperability and data sharing capabilities, necessitating robust and secure integration solutions to avoid penalties.
While not a single new policy, ongoing interpretations and enforcement of the HIPAA Privacy Rule continue to shape how Protected Health Information (PHI) is handled, especially with the rise of digital health tools and data sharing, with recent guidance emphasizing app and wearable data.
Factwise Health must ensure its data-driven solutions and integrations maintain the highest standards of patient data privacy and security to remain compliant with evolving HIPAA interpretations.
The Centers for Medicare & Medicaid Services (CMS) has permanently expanded telehealth services covered by Medicare post-Public Health Emergency, including audio-only services for mental health and substance use disorder treatment, and increased flexibility for remote patient monitoring.
This policy validates and expands the market for Factwise Health's remote care and population health management solutions, allowing for broader adoption and reimbursement opportunities.
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