Zooming out on the telehealth and RPM markets: The pandemic-induced digital health boom drove a higher need for hospital-at-home solutions—now, they’re primed to have a permanent seat in the future of healthcare.
- In 2021, 36.1% of the US population (94.2 million people) used telehealth, and we expect that number to rise to 43.3% of the US population (116.6 million people) by 2025, per our Telehealth Users forecast.
- To add, 15.1% of the US population (39.3 million people) used RPM in 2021, which we forecast will increase to 26.2% (70.6 million), according to our RPM Users forecast.
What’s next? Hospital-at-home market competition is becoming fierce as larger digital health players eye the budding market opportunity.
Ever since the CMS established its Acute hospital-at-home initiative (which enabled reimbursement for RPM-enabled virtual care at home programs), the floodgates for hospital-at-home solutions bursted.
- As of this March, the CMS has approved 92 health systems and 204 hospitals across 34 states for this program.
To add, over a dozen major health systems (like Kaiser, Ascension, and Intermountain) banded together with some health tech companies (like Amazon Care and DispatchHealth) to lobby for permanent reimbursement for home healthcare—something that’ll only continue to roll the ball forward for hospital-at-home solutions.