As the number of diseases increases, the healthcare industry is working to ease cures with technology. New-generation technologies like AI/ML, robotics, and applications are a boon to the healthcare industry. As a result, numerous SaaS applications are available on the market. Many companies have started building healthcare-based applications. Now let’s learn more about healthcare SaaS applications.
What is a SaaS application?
Software-as-a-service (SaaS) is an application that provides services online. One doesn’t need to download and install the web app to use it manually. SaaS apps are a service-based substitute for offering offline user-owned software. Software applications that can be accessed remotely are becoming more popular due to the development of digital transformation. SaaS application development services are a practical solution as a result.
Users can use their internet browser on various devices to access SaaS applications. In addition, the SaaS product owner is exempt from the upkeep and challenges related to cloud infrastructure. External cloud computing services providers like AWS and Azure manage these cloud infrastructures and data warehouses. SaaS application development may produce a reliable and scalable product if done correctly.
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What is a healthcare SaaS?
You are familiar with SaaS applications because you have already studied the concept of SaaS applications. Now let’s know what healthcare SaaS applications are. Many healthcare SaaS applications are available globally. Such as electronic medical records (EMR), electronic health records (EHR), telehealth, the picture archiving and communication system (PACS), and many others. Also, nonclinical information systems like RCM, billing, and supply chains are available.
Growth scale of 2022–2023 for healthcare SaaS
While looking at the predicted growth scale of the global healthcare market. With a CAGR of 8.4%, it is expanding quickly, and the market will increase from $6,872.86 billion in 2021 to $7,451.75 billion in 2022. Similar to how SaaS products are becoming more popular than other strategies in the software business.
Similarly, the software as a service (SaaS) industry is anticipated to expand at a CAGR of 27.5% from USD 130.69 billion in 2021 to USD 716.52 billion in 2028.
The above statistics show that the popularity of SaaS applications in healthcare is swiftly growing. Because of their cost-effectiveness, security, and scalability benefits.
Benefits of SaaS in the healthcare industry
Nowadays, SaaS application development companies provide services in various sectors. Therefore, several advantages of cloud-based SaaS applications explain why SaaS application development is widespread. In the healthcare industry, there are a lot of online therapy apps that were built using different tech stacks. Let's know the benefits of SaaS applications:
- Secure and Scalable
- Swift backups
- Real-time updates
As awareness of the healthcare industry grows, it is the most expensive when it comes to technologies. It cannot compromise a single feature to save a little money. It must be significant because it is about a person's life. But with the help of SaaS applications, it can customise the applications. Furthermore, you don’t have to bear any cost for the points below.
- Maintenance cost
- High installment cost
- No hardware equipment cost
- No upgradation cost
Secure and Scalable:
SaaS apps give access to various security capabilities that medical firms can use to safeguard patient data. There are also numerous compliances and rules, such as HIPAA, to protect the privacy and security of sensitive data and confidential health records. In addition, SaaS apps are very scalable because they are typically cloud-based. Healthcare institutions don't need to worry about scalability because they can quickly scale up or down their apps in response to their business expansion.
Backups are simple and quick, making them one of the essential aspects of SaaS application development services. In SaaS applications, the backup process flows continuously. As a result, in the case of an emergency, all medical data can be quickly recovered.
Because SaaS solutions provide real-time changes, healthcare institutions can ensure they always have accurate information. All specialists working on a patient's care can share regular updates and work together on their data. Each professional will be equipped with the most recent information to deliver superior care.
Authorized users can access information via SaaS applications anytime and from any location. Since doctors can consult with one another about a patient's case from far away, it is crucial. Communication between patients and doctors is also simplified.
Various trends in SaaS healthcare
Currently, there are multiple trends that we can look forward to in the following year, 2023, for SaaS application development services in the healthcare industry.
Artificial Intelligence (AI) Services:
SaaS application development companies deliver automated business workflows using artificial intelligence (AI), enhancing productivity and performance.
Through various ways, AI automation may help SaaS healthcare. The primary step that affects this is to detect security flaws. In addition, the ability to recognize trends makes it easier to identify potential threats. Also, the self-recovery feature, which can help retrieve crucial data, is the best.
The discharge procedure is being streamlined and automated with artificial intelligence. A Central Florida healthcare system called Health First has cut each patient's average length of stay by six hours by expediting the discharge procedure with AI-driven analytics.
Multiple Cloud Strategy:
Experts predict a 19.6% increase in businesses using cloud-based software. The potential of multi-cloud solutions and new SaaS trends can assist healthcare firms in resolving challenging issues. SaaS companies can execute their apps in the same physical area as the customer using a multi-cloud strategy. The cloud solution lowers the high costs of interregional bandwidth while making things more reasonable for healthcare providers.
By utilising a variety of cloud providers, healthcare organizations can also strengthen their ability to manage, store, analyze, and preserve vital healthcare data. For disaster recovery, there are many cloud service providers available. Many SaaS subscription-based management services can be used with them.
Vertical SaaS is a fascinating trend that is popular. The horizontal SaaS form applies to any sector or area. It is, therefore, more frequently used than its equivalent. A "vertical SaaS" type focuses on a single industry, such as healthcare.
Vertical SaaS always focuses on the singular sector that delivers the development of supply chains and customer care. It focuses on the specific issue and offers solutions that meet the requirements of institutes while incorporating expert experience.
Due to their customized solutions, vertical SaaS solutions will gain more attention in the B2B market.
To mention a few, vertical SaaS apps include retail analytics software, contemporary logistics analytics, and BI software for the healthcare industry. The benefits of specialization are more affordable since they can be customized.
How do I build a healthcare SaaS application?
Building a healthcare SaaS application requires an actual amount of planning, collaboration, and development resources. The steps to building a healthcare SaaS application are divided into five phases.
Let’s learn about each step described in detail.
Planning: Before hunting for SaaS Application development companies, one must be ready with the vision of what the SaaS Application will present healthcare solutions. The vision of the SaaS Application will propose to the end-users in the market. So, precisely plan the features and functionalities that serve the user-friendly and problem-solving application.
By deciding who will use your SaaS application, you may define its architectural requirements and functionalities more precisely.
Analyzation: Once the plan is ready, start reaching out to the SaaS Applications development company. Companies will list out the features and functionalities and analyze the plan. They will showcase the plans that keep the application simple to use, cloud-based server, authorized access, error security, and allow multiple users.
Finalize the documentation: Finalise your documentation before moving to the development process. It is significant to document all the aspects legally. Documents include project scope, user specification, company contracts, HIPAA, and BAA.
Design MVP: MVP stands for Minimum Viable Product. Initially, the plan of your application will design on MVP. If the MVP of the SaaS Application is feasible, it will only be approved and progress to the development process.
Development Process:Once the planning, documentation, and technology stack stages have been determined, the development process can start.
A wide range of knowledge and expertise is required to develop a SaaS application, especially for the healthcare industry, because it will deal with highly private data. The best development support option is hiring developers from the consulting firm you've been working with up to this point.
Deployment and Maintenance: SaaS application development companies always deliver a full-fledged, high-quality product. Before delivering the SaaS application to the client, it is subjected to a quality check and extensive testing of each module and line of code.
Even after completion of the project, companies provide maintenance support to keep your application up to date.
In conclusion, this blog about SaaS applications in the healthcare industry has helped you learn how to build SaaS healthcare applications. Also, we have covered many surrounding aspects. The importance of Software-as-a-Service (SaaS) applications in the healthcare industry results in massive help for medical cures and hospital management. Also, various trends are keeping hopes high for the healthcare industry.
SaaS application development services in the healthcare industry serve fast, finer, and more cost-effective services that help doctors, hospital staff, and patients with various services.
SaaS for healthcare has many advantageous features. Improve operations, increase effectiveness, and create a secure intranet.
Some big healthcare companies in the US market are Zocdoc, Flatiron Health, Caredox, Pager, and many more. Such companies have provided healthcare services virtually and are trying to reach each person who needs a healthcare service.
Once your project has been defined, you can research and find the best SaaS application development companies. Check through the review websites, analyze the websites of the development firms, and shortlist a few viable choices.