Find stats on top websites
Industry Landscape
The healthcare technology industry is currently experiencing rapid growth, driven by advancements in AI, telemedicine, and a strong focus on operational efficiency and patient safety. Hospitals are increasingly adopting virtual care solutions to address staffing shortages and reduce costs, making it a dynamic and innovation-rich sector.
Total Assets Under Management (AUM)
US Telehealth Market Size in United States
~Over 200 billion USD
(30-45% CAGR)
- Rapid adoption post-pandemic.
- Driven by chronic disease management.
- Expanding use cases beyond primary care.
Total Addressable Market
Over 200 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Edge AI in Healthcare
Processing AI algorithms directly on local devices at the patient's bedside, reducing latency and enhancing data privacy for real-time monitoring and intervention.
Explainable AI (XAI)
Developing AI models that can provide clear justifications for their decisions, increasing trust and adoption among clinicians by making AI recommendations understandable and auditable.
Digital Twin Technology
Creating virtual replicas of patients, hospital units, or even entire healthcare systems to simulate scenarios, optimize workflows, and predict patient outcomes before real-world implementation.
Impactful Policy Frameworks
CMS Hospital Inpatient Prospective Payment System (IPPS) and Long-Term Care Hospital (LTCH) Prospective Payment System (PPS) Final Rule - FY 2024
This rule includes updates to Medicare payment policies, quality reporting programs, and value-based purchasing, with a focus on patient safety, healthcare-associated infections, and health equity. It also promotes the use of health IT.
This policy incentivizes hospitals to adopt technologies like LookDeep Health's that improve patient safety and operational efficiency to maximize Medicare reimbursement.
ONC's Information Blocking Rule (21st Century Cures Act) - Effective 2021 (Full enforcement in 2022)
The Information Blocking Rule, part of the 21st Century Cures Act, mandates that healthcare providers, health IT developers, and health information exchanges must not knowingly and unreasonably interfere with the access, exchange, or use of electronic health information (EHI).
This rule significantly impacts LookDeep Health by requiring seamless interoperability and data exchange with existing EHR and ADT systems, aligning with their current integration capabilities and potentially driving further adoption.
CMS Hospital Price Transparency Final Rule - Effective 2021
This rule requires hospitals to make their standard charges public in two ways: a machine-readable file with all standard charges and a consumer-friendly display of shoppable services.
While not directly impacting LookDeep Health's product, it underscores a broader regulatory trend towards transparency in healthcare costs, which aligns with LookDeep Health's 'transparent pricing' model and may encourage hospitals to seek cost-effective, value-driven solutions.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
