How SaaS Healthcare Platform Transforming Medical Industry

Even in COVID times, the healthcare sector's future seems promising, thanks to recent SaaS technologies and advances.

With the rise of chronic disease, the healthcare industry desperately needs technological advances now more than ever. In specific ways, the best technologies will transform the medical sector. With better diagnosis and quick interventions, more lives will be saved, increasing patient delivery and improving public health.

So how is that possible?

Adopting new technologies like SaaS (Software-as-a-Service) is one approach.

One of the main issues with introducing emerging technology in the healthcare industry is the cost. That's where the healthcare SaaS model will help. Designing a SaaS application will be less costly than making a discrete application.

Healthcare services can be delivered quicker, safer, and cheaper using SaaS platforms. It's past time for healthcare professionals to concentrate on SaaS growth to increase quality and ROI.

Health Digital Transformation with SasS

Security concerns prompted a backlash against healthcare Software-as-a-Service (SaaS) apps initially. Healthcare companies are beginning to see the gains now that more protections are in place. The governments of different countries also acknowledge the same and make regulations considering digital health a great need in pandemic times to reduce healthcare burdens. 

Many medical institutions are transitioning to SaaS to implement cloud-based EHR (electronic health records) at a lower cost. They've been testing forward SaaS apps through their hospitals. EMR (electronic medical records), EHR, PACS (picture archiving and communication system), telehealth, and other applications are among them. RCM (Revenue Cycle Management), accounting, supply chain, and other non-clinical information systems are examples.

Future of Healthcare SaaS Market 

Due to the apparent cost, security, and scalability advantages, healthcare SaaS will become more popular in the future.

According to new research, the global healthcare cloud computing industry is worth about $18 billion. As per their estimates, the demand will produce approximately USD 61 billion by 2025, with a CAGR of about 18.7% between 2019 and 2025.

We've arrived at a point where the cloud is about to take over the health-tech sector. Some of the top healthcare SaaS developments are expected to emerge by 2021 and beyond.

Top Healthcare SaaS Trends

Artificial Intelligence (AI) 

With its intelligent technology solutions, Artificial Intelligence (AI) is poised to conquer the industry. AI automation enables SaaS platforms to train on their own and become self-sufficient. Healthcare companies are increasingly turning to AI-based technologies.

Many successful technology firms are using artificial intelligence to automate business operations, resulting in increased productivity and performance. According to experts, around 81 percent of businesses are already working on AI technologies.

Machine Learning (ML)

ML, a subset of AI, is used in SaaS to simplify responsiveness in customer service data and applications, such as AI-powered live chatbot operations. 

A new wave of machine learning advancement will allow SaaS-style offerings to become self-improving, bringing intelligence and operational productivity in the healthcare sector. 

Through analyzing thousands of clinical reports and other medical data, machine learning algorithms can identify trends associated with diseases and health conditions. Machine learning advances can improve healthcare access in developing nations while also advancing cancer detection and treatment.

Vertical SaaS

Vertical SaaS refers to a personalized, all-in-one tech system for a specific industry. Healthcare BI tech, for example, is an example of vertical SaaS since it provides market analytics software tailored to the healthcare sector.

Organizations can effectively obtain access to industry-specific information and medical data, allowing them to interpret patient insights better. Vertical SaaS will support healthcare providers and organizations offering higher-quality service in destination areas in 2021, helping them stand out from the competition.

API Strategy

As SaaS solutions have grown exponentially, the need to incorporate them into established business processes has intensified. Some businesses want to move their data to a different cloud network entirely, while others prefer to integrate their current technical data.

It's still a good idea to learn more about what you want to engage in a third party. Having your answers before investing will assist you in making fast and accurate decisions.

If you're considering investing in a cloud vendor's services, ask the following questions ahead of time to ensure a smooth integration:

  • What services does the provider have for integrating the SaaS with my current business system?

  • Is it possible for this vendor to merge the legacy services I use?

  • Is my data secure while the integration process is in progress?

Migration to PaaS

You can anticipate a change in the SaaS (software-as-a-service) landscape to PaaS (platform-as-a-service). What is the reason for this? PaaS is more appealing since many developers specialize in healthcare applications and emphasize patient satisfaction and acquisition.

PaaS enables businesses and organizations to build personalized applications with a software development kit (SDK). Custom health applications will support mid-sized medical practices with a robust IT department. The healthcare sector should consider PaaS as a healthcare cloud solution.

mHealth Optimization 

Today in pandemic times when movement is restricted, nearly any software-as-a-service startup or operator will prioritize improved mobile health optimization.

The telemedicine industry is expanding at a breakneck rate. Experts estimate that the telemedicine industry in the United States will be worth more than $64 billion by 2025. 

What does this indicate for your organization? Patients all around the world can now get routine care and treatment thanks to the advent of telemedicine. Patients in outlying areas can also communicate with their physicians.

Final Thought 

The pandemic COVID-19 threat has forced a rising number of software-as-a-service vendors that have implemented mobile health technologies, including telehealth and telemedicine, to innovate new solutions to satisfy the mobile growing demand SaaS industry.

Healthcare SaaS solutions enhance telemedicine. Health systems and patients will benefit from sophisticated telemedicine applications, thanks to the technologies behind SaaS.

Photo by 🇮🇩 Irwan on Unsplash

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