Healthcare software development is helping hospitals and the health industry to make things easy and well optimized. Healthcare technology refers to any IT tools or applications designed to improve the efficacy of hospitals and their administrations, provide analytics and insights into medications and procedures, or improve the overall quality of care delivered.
The global healthcare IT market is growing at a CAGR of 13% and is expected to grow worth USD 76.45 billion by 2025. Key drivers being-
- High demand for preventive care in geriatric population
- Increasing data penetration and the rise of the mobile economy
- Rapid growth in Health- tech solutions
- Improvements in infrastructure
- Developed awareness on healthcare and fitness
With COVID hitting the world in 2020, healthcare solutions have transformed. The pandemic has boosted software solutions and technologies like IoT, AI-ML, Cloud, Telemedicine. These tech solutions are making our healthcare faster, reliable, accessible, and more effective.
What is Healthcare Technology or Healthcare Software Solution?
Healthcare technology encompasses any IT tools or applications designed to improve the efficacy of hospitals and their administrations, provide analytics and insights into medications and procedures, or improve the overall quality of care provided. Today’s healthcare industry is a 1.5 trillion pounds behemoth.
Health Tech encompasses all healthcare technology and innovations, from wearable technology to AWS integration that collects data. This is an industry that takes advantage of the massive amounts of sensor data available to us and focuses on saving lives more effectively.
It delivers data from the Internet of Medical Things to physicians, surgeons, first responders, and sometimes even dispatchers who are working hard to prescribe healthcare (IoMT). According to Deloitte, the IoMT is expected to be worth $140 billion pounds by 2023.
These advancements minimize cost and human resource hours while improving the standard of care received by patients, offering a critical service for the evolving healthcare industry. It is critical to research key technological developments in order to better understand where the healthcare software development market is heading.
1. Wearable Software App
Healthcare digital Apps have recently become popular among the tech-savvy, as well as more advanced and precise in their technical performance. The scalable trend has even drawn specialists from various fields of medicine, including surgeons, physicians, psychiatrists, and others. The reason is that contemporary devices have great potential for incorporating more advanced and precise medical interventions merely by using wearables. It adds another layer of health information for the everyday consumer who wants to live a healthier lifestyle. Real-time data can be instantly transmitted to doctors or hospitals after detection via solutions like these and user approval of necessity.
2. EMR/EHR Software
Medical reporting and billing have shifted from a paper-based to an electronic medium in recent years. To comply with the rules, a new program to send out electronic bills was developed, and EHR Software Development was born. Doctors benefit from all of these digital documents because they can review all of a patient’s previous care and sort out potential diseases with the click of a button.
EMRs will dominate the healthcare IT market in 2020 with a revenue share of over 40% owing to a surge in demand for research and streamlining of EHR and EMR solutions.
Doctors’ offices and hospitals could quickly share patient information using any computer that was connected to the internet. Another advantage is the ease of longitudinal population documentation and the encouragement of the integrity of the healthcare system, as well as the possibility of combining it with other systems.
3. Blockchain-based Security Systems
One of the most pressing concerns about the sharing of confidential and proprietary records has been security. Healthcare data has the potential to be devastating if it falls into the wrong hands. Blockchain could be used to encrypt any patient data, allowing for quick transfer while also keeping it secure, with only those with permission having access to it.
Using blockchain, security mechanisms can be generated on a private ledger. Only a patient or healthcare provider who is authorized to see all of this information can sign up cryptographically to gain access to the information they desire. Medical records, including EHR software development, are praised for their ease of sending practitioners back and forth, revised and extended. Blockchain and intelligent contracts have the potential to be a critical means of preserving this information, making it widely available only if the eligible individuals who need to access it are verified.
4. Virtual Reality Apps and solutions
Virtual reality (VR) technologies are becoming increasingly important in medical services and are here to stay. Virtual reality tools, which have numerous applications in the healthcare industry, offer modern solutions to a variety of medical conditions and perplexing situations. Examples include planning complex surgical procedures, healing chronic medical conditions, predicting future medical complications, honing doctors’ skills, and much more. Virtual reality can be used to show a patient how to administer medicine, wash and dress an injury, and perform other tasks that a patient, not just a doctor, can quickly perform to avoid further injury discomfort.
5. Telemedicine Software
The use of telehealth tools has significantly accelerated amid the pandemic. In April 2020, 43.5% of Healthcare primary care visits used bespoke telemedicine solutions. One of the most significant advantages of telemedicine software development over in-person methods is the reduction of interaction between patients, health professionals, and other patients. Wearable devices enable healthcare workers to provide real-time knowledge about patient data while remaining at home.
Technologies used for telemedicine are –
- IoT and wearables
- Video Conferencing
- Robotics and Haptics along with VR
When developing a telemedicine app, it is critical to consider what characteristics it may have. Among the most important features are safety, location services, appointment scheduling, video/audio communication, cloud storage, healthcare provider feedback, visit history, and wireless testing via wearable incorporation.
6. E-Prescription Software Apps
This is one of the fastest-growing segments in the healthcare IT market. With telemedicine making rounds, e-prescription apps are also very much in demand. E-Prescription apps help regulate and distribute the demand for medicine and pharmaceutical items. Moreover, the rising number of EHR solutions will also propel the growth of E-Prescription apps
7. Healthcare Chatbot system
The healthcare chatbot development market grew significantly as medical practitioners and care providers began to use natural language processing and chatbots. When interacting with patients, you will appreciate a humanized version of chatbots because they convey emotions and empathy. This may be useful in times of emergency or when seeking solutions to medical conditions. When a patient describes his or her problems to a virtual assistant, the robot may feel empathy and consider the patient’s mood as well as the conditions.
8. Revenue Cycle Management software
Our goal is to automate and accelerate healthcare processes by providing scalable, customized medical software applications to hospitals and health insurers. Our custom healthcare software development team will create revenue cycle management software that includes features like insurance eligibility verification, claims processing, billing, and data retrieval from automated healthcare systems.
All the solutions mentioned above are tech solutions that are further customized. Our team at Auxano Global Services takes the time and effort to understand the solutions before the project execution. We are a team of 50+ dedicated designers and developers and we understand technology like no other. In our past experience of 8+ years, we have developed 150+ apps for 100+ happy clients. Our team is highly professional and our expertise lies in delivering bespoke software solutions.
Auxano Global Services helps healthcare organizations become revolutionary by incorporating cutting-edge technology and customized solutions into their daily operations. Our experience working on healthcare projects gives us the valuable expertise needed to deliver sector-specific, focused solutions that address your potential risks. Contact Us Now.