The world of healthcare is changing drastically as the demand for specialized solutions and influencing influences increases. Gradually increasing technical features in healthcare have revolutionized patients and business owners. Moreover, healthcare app development cost depends upon multiple factors, we will discuss them later in this blog.
Healthcare applications are valuable for both patients as well healthcare professionals. Patients can book online appointments, and medical prescriptions and track their fitness goals. On the other hand, medical professionals or doctors can track patient records, online bookings, symptoms, and more. Therefore, these solutions turned out to be a faster-diagnosing tool and improved overall patients care
Additionally, 95% of healthcare executives believe that delivering a personalized healthcare solution is a top strategic priority.
In this article, we will discuss cost-saving hacks for business owners and healthcare professionals. We will shed light on the healthcare market’s worth, trends, cost-saving hacks, and more. Before going to discuss healthcare app development costs, let’s have a look at the healthcare market.
Healthcare Market – An Overview
The market value of healthcare is evolving drastically as research in the healthcare sector is being conducted. Apps that target and are concisely researched are more successful and help caregivers achieve their business goals.
The covid-19 pandemic outbreak also triggered the healthcare market and has shown that including new features and entertaining customers benefits both consumers and app publishers.
According to Statista, the health and fitness apps generated 209 million dollars in the fourth quarter of 2020. There were almost 1.2 billion dollars funded in the US by different healthcare application development companies.
Additionally, In 2021, it has been seen that mental wellness apps earned 32% more revenue, and expected that by 2022 it will expand 82% of actual business work. All the above-added figures make it a more promising digital healthcare sector.
Types Of Healthcare Applications
There is a wide variety of healthcare solutions out there. It depends on numerous constituents including business model, healthcare sector, application platform, and exceptional features. There are two major types of healthcare applications: the first one is healthcare solutions for medical institutes and the second is healthcare solutions for patients. At the moment, we are going to elaborate on patient and medical institutes’ healthcare solutions under comprehensive market research and trends.
1. mHealth or Medical Health
mHealth or mobile health applications bring Innovation to traditional clinical settings. These applications are available on iTunes and Google Play, to serve medical professionals and patients as well. Medical professionals keep track of their patients, appointments and more. While patients can check their symptoms like bool glucose level, heart pulse and more. Well, known mHealth applications are Fitbit, Apple Heart Study, BlueStar, and GoogleFit.
2. Health Tracking Apps
These health tracking applications are used to keep an eye on patients. There is a wide variety of IoT integrated devices available to track medical conditions like fitness score, average heartbeat, calorie consumption, workout and more.
3. Medical Database Apps
These medical database solutions are used to keep patients’ records. Both medical consultants and gigantic medical institutes used this type of software to keep patient records.
4. Electronic Health Records Apps
EHR is a real-time digital version of patient prescription. EHRs are used to maintain accurate, up-to-date, and securely exchange information electronically. These applications help medical institutes to diagnose patients and reduce medical errors.
5. Medical Diagnosis Apps
These complex artificial intelligence-based software solutions are used for diagnosing serious medical conditions like cancer. Medical diagnosing applications are specifically designed to detect bio-anomalies so that they can be cured. These automated tools use deep learning methodologies and try to minimize the chances of error in diagnostic results.
6. Medical Imaging Apps
Imaging software is one of the complex health IT solutions based on machine and deep learning techniques. These software solutions capture images of a desired body segment of patients and process them to check for any disease or medical illness.
7. Telemedicine Apps
This specialized software is used to connect with patients. This video telephony software provides an interface to connect medical experts to initiate video communications. Telemedicine is built under software licensing to provide service to third parties i.e medical institutes, private doctors etc.
8. Appointment Scheduling Apps
As the same suggests, appointment scheduling software is used to schedule appointments online through a unique process. In digital transformation, AI-based appointment scheduling software solutions are being developed to ensure clash-free consultation.
9. Medical Billing
This type of software is used by drugstores to bill for medicine and medical types of equipment. They have a complete database to keep medicine and buyer records. These software solutions are sold under software licensing to generate revenue.
10. Insurance Claims
Insurance claiming solutions are used by insurance companies to keep connected with their clients. These applications are used to exchange information between a medical institute and a business body.
The third industrial revolution has transformed the whole medical sector into an emerging field. So, it will bring comfort to patients as well as doctors. Now, if your application has the latest features aligned to 2022, you are going to be successful in the healthcare business. Here, we also have a few quick tips to help you find the best innovative health apps of 2022. To design a robust and feature-enriched application it’s also mandatory to discuss healthcare app development costs exhaustively.
How Much An Healthcare App Cost: Time And Money
The ultimate cost to create a healthcare app depends on the multiple features, and capabilities it is going to offer. Designing your healthcare app is not for every developer, you need a professional developer who specializes in health IT. Consequently, top-notch app design results in a high cost in terms of both time and money.
The prominent factor that affects healthcare app development costs is project size. The pricing benchmark in the united states for different sized projects is as:
- Basic application costs between $10,000-$15,000
- Medium level healthcare costs between $25000- $35000.
- High-end and complex projects can start from $40,000 and onwards.
“According to Statista, the global mobile health market is predicted to exceed 300 billion USD by the end of 2025.”
Additionally, the app development cost is determined by the app features or platform on which you are going to design your healthcare solution. If you decide to choose a desktop solution it has many options to choose from. On the other hand, if you are going to design a mobile application then it’s time to decide for which platform you are proceeding to develop either for iOS/Android or Cross-platform like Flutter. Are you excited to learn about the development? The development cost also depends upon other factors including project size, application features, time spent, and utilized resources. Moreover, Let’s learn about some hacks for how you can save money on your healthcare services development.
Save Money With These Hacks
If you are planning to start a startup or already have a business owner in the healthcare sector and are confused about it. You are in the right direction to learn about some hacks to save money during your app development process. To save money hold tight, we are going to discuss some top-notch ideas that are convenient for your application development.
1. Simple Is Better
Keep your application UI/UX simple and according to the flagship feature that you want to sell. Designing simple navigation, colorful UI, and better functionality results in low development costs.
2. MVP Application
If you are going to do a healthcare startup instead of conducting expensive marketing research go for a minimum viable product. It will help to target your software solution to the right market but low initial business development cost. Therefore, it will save both time and money.
3. Freelance Or Agency: Choosing Developers
Hiring an in-house or outsourced development team is a critical step because it consumes more budget for a Business or Startup. Best software practitioners suggest that always go for in-house development, as it results in in-depth project discussion, and you will get what you are looking for and less resource consumption.
4. Use Libraries For Common Features Found In Every App
If you are going to develop in-house or outsource, always prioritize expert software developers. Invariably try to discuss in application requirements that your product should be scalable, robust and versatile. In software development, versatility and robustness mean your healthcare solution should implement common functionalities with minimum callbacks.
5. Use A Cross-Platform Framework
If you are going to start a startup but have a limited budget for healthcare application. You should always choose cross-platform application development in comparison to native. Although device access is convenient in native apps yet, it will increase your budget twice. Moreover, the cross-platform application has code usability, high performance and relatively low healthcare cost.
6. Embrace Responsive Design
Responsive app design innovation allows users to consume maximum content and transform from visitors to valuable customers. Responsive design means a high conversion rate and your business will make a profit with less effort. As far as, responsive web application development has low cost because one platform is usable on mobiles, tablets and desktop computers.
7. Ditch Push Notifications
If you are going to design an MVP application and planning to design your healthcare application with less development cost then you should not opt for a pushdown notification. As push notification feature does not cost initially but it includes high marketing costs. So, avoid it if you are a startup or a new business.
8. Cut On Configurability Where Possible
Processing a business application that is specifically tailored to flagship business requirements. If you have plans to enhance health care services at an earlier business startups always try to cut on configurability. Ultimately, it will lessen your healthcare app development cost.
9.Crowdsource Your Testing
Software development life cycle is the longest and hardest way to innovate a solution for an unseen problem in the healthcare sector. Succeeding the development stage, testing is also time, as well as money consuming. Therefore, instead of hiring in-house or outsourcing a testing team will increase your project. Here, crowdsource comes into the scene. Crowdsourcing or crowd testing is a free method to get QA for your application by real users on real devices.
According to AI Multiple, almost 52% of organizations struggle to get QA to test their mobile applications. Moreover, 40% of in-house development companies do not have the necessary devices to get tested.
10. Add A Referral Mechanism To Your App
A referral program rewards a user to influence another user. It will enhance user retention towards your business and grow speedily without any investment cost. Google estimated that the referral mechanism has a positive brand response in mobile applications where responsive design plays an important role. Therefore, to minimize your initial business cost you should have to opt for it.
If you are planning to develop a healthcare application in your budget but are still confused. We have an ultimate guide where you can learn from planning to develop a future-ready healthcare app. Moreover, would you like to see some costs of famous startups? Let’s dive into it.
Healthcare Cost Of Famous Startups
Now, succeeding in time and money-saving hacks for your business. We have compiled a list of healthcare servicing startups according to demand and the rising patient lifestyle. The fourth industrial revolution brings changes to the biological world, every entrepreneur wants to have an AI-based and IoT-deployed healthcare startup. According to Eric Jeffrey Topol an American cardiologist, scientist, and dean of the Scripps Translational Science Institute told Forbes:
“Up until three-to-five years ago, all that data was just sitting there. Now it’s being analyzed and interpreted. It’s the most radical change happening in health care.”
In continuation of our talk, we will elaborate on some famous healthcare services and product companies in the US that innovate the medical sector. They are using powerful technologies to empower their healthcare services and products.
Location: South San Francisco
Tempus is a services-based company specializing in precision medicine and artificial intelligence. Aim to bring innovation to the health sector through solving novel healthcare issues like cancer, brain tumors, validation of liquid biopsy, and more. According to CrunchBase, Tempus has raised a total of $1.1B from almost 10 investors including Baillie Gifford and T. Rowe Price.
2. Flatiron Health
Location: New York
Flatiron is a service and EHR product-based healthcare technology company, aiming to innovate lives specifically for cancer patients. In 2019, it raised $35M from the series B round and keeps growing. According to CrunchBase, In 2022, it raised almost $324.9M from 20 investors including Roche, Allen & Company, Stripes, and more
Kyruus is a product and services-based company specializing in healthcare solutions. They provide services to medical institutes and healthcare professionals. According to CrunchBase, Kyruus raised almost $148.2M in 11 funding from Francisco Partners, Transformation Capital, Highland Capital Partners, and more.
In this blog, we shed light on healthcare app development costs, some hacks, and tips to minimize them. If you are planning or developing a future-ready healthcare app you must be a business owner. We always recommend, following our above-listed cost minimization strategies to get a feature-enrich future-ready healthcare product.
Additionally, trained healthcare application development experts are not everywhere. That’s why at Origami Studios, we have a team of experienced developers to kick off your project. Our mobile application development team and solution architects are always ready to bring your business idea to the next level. We have curated these services to support business ideas like yours and launch them into the market with the best healthcare product.
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