Transformation of the Healthcare Industry through Custom Software Development

HealthcareWeb development
May 17, 2023
6 Mins Read
Transformation of the Healthcare Industry through Custom Software Development

Information technology brings astounding development in the Healthcare industry around the world through custom software development. Technology is improving the lives of people across the globe by using artificial intelligence to cure and solve their problems.

The development of better software for the healthcare sector has the potential to not only save many lives but also to streamline labor-intensive procedures like research and diagnostics. These innovative technologies promise for building a unique identity and improve healthcare through accurate diagnosis.

Statistics on Healthcare Tech’s Future

Let’s look at some figures to support the above. The statistics will show how technology has changed the healthcare industry and its dynamics.

  • According to Statista, IoT-based healthcare technology solutions will generate $135 billion in 2025, up from $24 billion in 2016.
  • According to Accenture, AI, and ML can satisfy roughly 20% of medical needs without patients attending the hospital.
  • Accenture claims AI can save healthcare costs by USD 150 billion by 2026.
  • According to Business Wire, Fitness App Global Market will reach $24.98 billion by 2026 with a 24% CAGR.

Definition of Custom Software Development in the Healthcare Industry

Medical software and healthcare are often used interchangeably. Both of them work in different but linked fields. Optimal patient care requires specialized monitoring, tracking, and evaluation software.

Healthcare services such as medical education, data storage, apparatus planning, diagnosis, and research sometimes necessitate the creation of specialized software.

The healthcare industry has a high need for Custom Software Development due to its ability to fulfill the specific needs of each client. 

Examples of Custom Software Development in the Healthcare Sector

The healthcare business often has unique obstacles, and custom software development is a perfect method to address those problems head-on. Healthcare and medical institutions can find solutions to all of their problems, from diagnosis to preventative care, with the use of specialized software.

In terms of digital transformation, some of the solutions that have benefitted the healthcare sector are as follows:

1. Hospital Management System

Using this unique Hospital Management software solution, hospitals can monitor the availability of beds and monitor the progress of clinical operations.

2. Electric Health Records

Electric Health Records (EHRs) are a recent development that facilitates paperless record-keeping in healthcare facilities. Facilitates the smooth exchange of patient records for analysis.

3. Health tracking through innovative Wearable Devices

There is a growing trend for Health Tracking toward using wearable technology to monitor health status, medications, calorie intake, menstrual cycles, and other elements of health to promote a healthy lifestyle. 

4. Prescription Software

Patients can now electronically submit their prescription medicine orders to their preferred pharmacies. As a result, it’s great for patients and helps them forge stronger ties to the industry as a whole.

4 Reasons Why Your Should Invest in HealthTech

Reasons-Why-Your-Should-Invest-in-HealthTech

  • Data Protection

Healthcare platforms and channels generate a lot of data daily. This data are customer-sensitive.

Healthcare data security prevents unauthorized access. Every hosting company, email service provider, web browser, chatbot, website, and software want HIPAA compliance to protect data.

  • High-Quality Care

Your patients no longer need to wait for consultations, even in urgent situations. With AI-powered medical apps, users get access to the best care and advice with the push of a button. This is made possible by telemedicine.

  • Greater Efficiency

Custom software will boost company productivity. Automation will Accelerate Software Development and service delivery. Custom software means your staff won’t have to change business procedures!

  • Higher ROI

This reason is pretty apparent. It seems to reason that a business having an online presence (a website) will attract more than one customer.

In fact, it was COVID-19 that proved this to be correct.

Because technology has become the norm in healthcare, businesses that invest in custom software development see a higher Return On Investment(ROI) (after customization, of course).

Final Words

Technology’s significant impact on the healthcare system’s evolution is beyond question. These developments have improved many aspects of the industry, which in turn benefits both doctors and patients. 

But, medical experts need to stay current with new developments in order to make the most of specialized software and other technological advancements. When it comes to creating a healthcare app, MegaMinds is one of the few reputable software companies that can provide scalable solutions.

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