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Industry Landscape
The digital health industry is experiencing rapid growth, driven by technological advancements like AI and a growing demand for accessible, preventative care. Remote patient monitoring and virtual care management are becoming integral to healthcare delivery, aiming to improve patient outcomes and reduce healthcare costs, particularly for chronic conditions. Regulatory support and increasing investment further accelerate this transformation.
Total Assets Under Management (AUM)
Remote Patient Monitoring Market Size in United States
~14.3 billion USD (2023)
(24.5% CAGR)
- Driven by increasing prevalence of chronic diseases.
- Growing geriatric population and demand for home healthcare.
- Technological advancements and favorable regulatory policies.
Total Addressable Market
53.6 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Healthcare
Generative AI can create personalized care plans, simulate disease progression, and assist with medical content generation, transforming patient engagement and clinical decision support.
Wearable Biometric Sensors
Advancements in discreet, continuous wearable sensors will provide even richer, real-time physiological data for proactive monitoring and early detection of health deviations.
Digital Therapeutics (DTx) Integration
The seamless integration of FDA-approved software-based interventions will enable prescription-grade digital therapies for disease management alongside traditional care.
Impactful Policy Frameworks
2024 Medicare Physician Fee Schedule (MPFS) Final Rule
The CMS 2024 MPFS Final Rule continues to expand coverage for remote monitoring and virtual care services, while also adjusting reimbursement rates and clarifying coding guidelines for these services.
This policy directly impacts Vironix Health's revenue potential and billing strategies by defining what virtual care services are reimbursable and at what rates.
Information Blocking Rules (21st Century Cures Act)
Effective December 31, 2023, health information blocking rules under the 21st Century Cures Act require healthcare providers and technology developers to provide patients and other authorized parties with immediate access to their electronic health information without special effort.
This policy mandates greater interoperability and data sharing, pushing Vironix Health to ensure seamless and transparent access to patient data for both patients and other healthcare providers.
State-level Telehealth Parity Laws (Ongoing)
Many US states continue to enact or update telehealth parity laws, requiring commercial insurers to reimburse for telehealth services at rates comparable to in-person services, and often expanding the scope of covered services.
These varying state-level regulations can create a complex reimbursement landscape, influencing Vironix Health's ability to guarantee consistent revenue streams for practices operating across different states.
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