60% of Americans have at least one incurable disease, and approximately 90% of all healthcare expenditures are spent managing chronic symptoms – nearly $3.7 trillion. Medicare and Medicaid debuted chronic care management (CCM) in 2015 to reduce ambulatory care through proactive monitoring.
Most telehealth platforms and providers pitch remote patient monitoring (RPM) as a ‘silver bullet’ for the healthcare industry. Adoption has been swift and there are hundreds of virtual care startups to choose from.