Find stats on top websites
The digital health industry is experiencing rapid growth, driven by technological advancements, increased demand for accessible healthcare, and a shift towards preventative and personalized care. Telemedicine, AI in diagnostics, and wearable tech are key drivers. Investment is robust, fostering innovation and expansion into new services like mental health and chronic disease management. Regulatory frameworks are evolving to support this growth.
Total Assets Under Management (AUM)
Telehealth Market Size in United States
~USD 28.4 billion (2022)
(30% CAGR)
-Driven by increased adoption due to convenience and accessibility.
-Boosted by favorable regulatory changes and insurance coverage.
-Expanded scope including mental health and chronic care.
320 billion USD
AI and machine learning are revolutionizing diagnostics by analyzing vast datasets for more accurate and early disease detection, and tailoring treatment plans based on individual patient data.
Wearable devices and connected sensors enable continuous health data collection from patients at home, allowing proactive intervention and chronic disease management.
VR/AR technologies are being used for surgical training, pain management, therapy, and patient education, offering immersive and interactive healthcare experiences.
The CAA 2021 significantly strengthened enforcement of mental health parity laws, requiring employer-sponsored health plans to conduct comparative analyses of non-quantitative treatment limitations (NQTLs) for mental health and substance use disorder benefits.
This policy increases the burden on employer-sponsored health plans, like those Recuro Health would facilitate, to ensure equal access to mental and physical health benefits, potentially driving demand for integrated mental health solutions.
The 21st Century Cures Act's information blocking provisions, fully enforced as of 2021, prohibit healthcare providers, health IT developers, and health information networks from knowingly interfering with the access, exchange, or use of electronic health information (EHI).
This policy mandates greater interoperability and data sharing, benefiting Recuro Health by facilitating smoother integration with existing healthcare systems and improving data access for comprehensive care management.
During the COVID-19 Public Health Emergency, federal waivers significantly expanded Medicare and Medicaid telehealth coverage and reimbursement, many of which have been made permanent or extended.
The permanent or extended telehealth flexibilities provide a stable regulatory environment for virtual care services, directly supporting Recuro Health's telemedicine offerings and their ability to provide accessible care.
Sign up now and unleash the power of AI for your business growth