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Industry Landscape
The healthcare technology industry, especially in referral management and care coordination, is experiencing significant growth driven by the shift towards value-based care models. There's a strong push for digital transformation to improve efficiency, reduce administrative burdens, and enhance patient outcomes. Interoperability and data analytics are key trends, moving away from outdated manual processes.
Total Assets Under Management (AUM)
U.S. Digital Health Market Size in United States
~320.7 billion USD (2024 est.)
(15.5% CAGR)
- Telemedicine and remote patient monitoring drive significant growth.
- AI and data analytics are enhancing diagnostic and treatment capabilities.
- Increased investment in digital infrastructure across healthcare providers.
Total Addressable Market
320.7 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI) in Healthcare
AI and machine learning algorithms are enhancing diagnostic accuracy, predicting patient outcomes, and optimizing administrative tasks like referral routing and scheduling.
Blockchain for Healthcare Data
Blockchain technology can provide a secure, decentralized, and transparent ledger for managing patient data and referral records, improving interoperability and data integrity.
Telehealth and Remote Patient Monitoring (RPM)
Expanded telehealth capabilities and RPM devices are enabling continuous patient care and reducing the need for in-person visits, directly impacting referral patterns and follow-up care.
Impactful Policy Frameworks
21st Century Cures Act (2016) - Information Blocking Rule (2021)
This rule, enacted as part of the 21st Century Cures Act, prevents healthcare providers, health IT developers, and health information networks from knowingly and unreasonably interfering with the access, exchange, or use of electronic health information (EHI).
This policy mandates greater data sharing and interoperability, directly benefiting Treatspace by facilitating seamless EHR integration and secure exchange of referral data, enhancing their core value proposition.
CMS Interoperability and Patient Access Rule (2020)
This Centers for Medicare & Medicaid Services (CMS) rule requires certain payers to implement APIs to enable patient access to their health data and promotes the use of Fast Healthcare Interoperability Resources (FHIR) standards.
The rule pushes for greater data accessibility and interoperability, which aligns with Treatspace's goal of improving care coordination through enhanced data flow between providers and patients.
ONC Health IT Certification Program (Ongoing Updates)
The Office of the National Coordinator for Health Information Technology (ONC) regularly updates its Health IT Certification Program to ensure health IT products support advanced interoperability, security, and patient safety features.
Ongoing updates to this program mean Treatspace must continuously ensure its platform remains compliant and integrates the latest standards for secure and efficient health information exchange, reinforcing trust and functionality.
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