Abstract: Real-time monitoring and prediction models will be used to assess the efficiency of the IoT-enabled smart healthcare solutions in managing chronic diseases. From this study, in addition to the quantitative data, including the performance of the model, patient engagement, and cost savings, qualitative information obtained from the patients and healthcare professionals will be employed using a mixed-methods research approach. This collected rich data from surveys, performance measurements, real-time monitoring data, and cost analyses with 50 health professionals and 200 chronic disease patients. The results of the study indicate that predictive models, more particularly the Neural Network, enhanced the ability to identify cases of chronic illness with an accuracy of 92.4%. Extremely high patient satisfaction rates: 9.0 out of 10. Real-time monitoring shows hospital admissions falling by as much as 50% among those suffering with respiratory disease. Cost-benefit analysis also documented financial sustainability, with overall annual cost reduction at 43.3%. Soon after implementation, usage metrics also revealed that the average user uses it three times a day, while patient-provider interactions increased by 150%. This study highlights how IoT technologies would benefit patients' clinical conditions, improve chronic disease management, and save healthcare expenses.