The healthcare industry is in the midst of its technological transformation with the goal of improving patient care. Healthcare companies need to gear up for this transformation. According to a 2019 industrial forecast, the healthcare software market will reach $511 billion by 2027.
And not to forget this forecast is before the start of the COVID-19 pandemic, which has made healthcare software more important than ever. These numbers will rise with healthcare apps becoming prevalent during the pandemic.
In the following article, we are discussing different types of healthcare software and other useful information on why hospitals, clinics and other businesses related to healthcare should invest more in healthcare software and application development.
So let’s start with the formal definition of healthcare software.
What is Healthcare Software?
Healthcare software refers to IT programs used to either automate the manual workflows or assist and guide the medical professionals in the healthcare settings.
Healthcare software development is transforming workflow and scaling healthcare businesses. For instance, healthcare software facilitates in management of each patient, payment collection, record management, and even staff performance analysis.
Most Popular Types of Healthcare Software
Different types of healthcare software can help doctors, nurses, management staff, and other stakeholders in the healthcare profession. Here is a list of 11 healthcare software that hospitals and other healthcare facilities readily use:
1. Electronic Health Record Software (EHR Software)
EHR software is the most popular type of IT software, hospitals and clinics use. For those aware of CRM, EHR is similar to CRM but is designed specifically for the healthcare industry.
EHR software also refers to the collection of patient data including the patient’s personal information, medication they take, doctor’s recommendations, and the procedures that they have undergone in the past.
More advanced EHR systems include financial modules for invoicing and payments and a messenger for both internal communications among the hospital staff, and with patients. This software also has a separate portal for patients, allowing them to access their consultation history, medical records, and prescriptions.
The two most commonly available types of EHR software are:
- Electronic Patient Record Software (EPR Software) is used internally by the hospital management to store and process patient information.
- Electronic Medical Records Software (EMR Software) is used to store data such as patients’ prescriptions, medical records, and consultation history.
2. Medical Diagnosis Software
Medical Diagnosis Software automates real-time exchange of patient information among different medical specialists to allow secure and reliable medical diagnosis within hospitals. In particular, medical specialists can properly diagnose the disease by putting relevant information and findings on a patient in medical diagnosis software.
This software fosters collaboration between different medical fields. Examples of medical diagnosis software include web-based expert systems for nutrition diagnosis and Holonic Diagnosis System for e-health applications.
3. Medical Database Software
Medical database software is a lot similar to the EHR system as it stores patients’ diagnoses information except that medical database software categorizes by the diseases instead of patients. It helps doctors and medical staff in:
- Making better treatment decisions by cross-referencing patients’ cases with a similar disease.
- Educating themselves by studying the clinical cases of a particular disease.
4. Imaging and Visualization Software
Advanced healthcare technology has made it a lot easier to accurately visualize internal body damages such as CT scan and MRI. Healthcare software developers also have successfully designed programs that help to visualize for surgical planning and telesurgery.
This imaging and visualization software helps doctors and clinicians to accurately diagnose different body systems consequently in real-time.
5. Medical Research Software
Medical research software is a breakthrough in education and research sharing within the medical community. This software trains medical personnel and support diagnoses if similar cases for internal references aren’t available.
There are several medical research software available online to help the medical community. Government healthcare institutes primarily use this software for sharing R&D in the medical industry.
6. Telehealth Software
Telehealth is the delivery of health and health-related services including medical care, provider and patient education, health information services, and self-care services using telecommunication and digital communication technologies.
There are multiple software to deliver telehealth services and this type of healthcare software has recently become more popular due to the COVID-19 lockdown.
7. Telemedicine Software
Experts predict Telemedicine’s market value to reach $64 billion by 2025 in the United States alone.
Various healthcare institutions use Telemedicine or e-prescribing for enhanced efficiency. Also for providing medications and limiting medication errors to improve patient safety.
Doctors use telemedicine software for prescribing medications online. Telemedicine software systems enhance workflow, lessen medication errors, reduce the time required to resolve errors, and improve record filing.
8. Patient Engagement Software
Patient engagement software enables healthcare providers to engage with patients online. A complete patient engagement system allows patients to schedule appointments, pay bills online, interact with doctors, and access their medical records online.
9. Hospital Management Software
Hospital Management Software (HMS) assists hospital administration in day-to-day tasks including automation of accounting, medical billing, medical billings, claims, In-out door patient management, inventory management, and further tedious tasks.
HMS also integrates with EHR software to simultaneously keep track of patient records.
10. Health Insurance Software
Healthcare insurance software tracks and visualize health insurance data for insurance companies. Health insurance software provides health insurance companies the flexibility to cover claims processing, benefits administration, and other mission-critical insurance processes.
11. Health Tracking Apps
The global mHealth app industry valued at $37 billion in 2019. The stats show a further higher valuation in 2020. A large portion of the mHealth app market attributes to:
- Fitness Apps
- Diet Planning and Nutrition Apps
- Meditation and Stress Reduction Apps
There is a further advancement in health tracking where most apps can be integrated with IoT devices. For instance, Health monitoring watches for sourcing and analyzing health data.
How Much Does Healthcare Software Cost?
These healthcare software types are valuable tools for improving the way your healthcare organization manages and deliver healthcare. Ultimately this list is for people who take action and know a good opportunity when they see one.
Building a healthcare app and software for your hospital or medical facility has become a necessary thing to further scale business. And it is the best time to take advantage of advanced healthcare technology to cut costs, automate workflow, and become a state of the art healthcare firm.
Depending on the type of healthcare business you run, most of these healthcare software are resourceful, and the cost of developing healthcare software varies according to your project requirements and also on the development resources (tools and team) you need.
InvoZone provides the development teams with expertise in multiple tools and technologies you need to scale your business.
If you want to estimate how much will your healthcare software cost, Schedule a call and confidentially discuss your project in detail. We’ll talk and discuss how to build a software solution uniquely catered to your business.
Advancement in Healthcare in 2021 and Beyond
By unleashing the power and potential of computational systems, data science & analytics, and also with evolution in 5G and cloud computing, the application of IT in healthcare holds a full spectrum of possibilities.
With these possibilities, now is the time to take advantage of healthcare technology and push your healthcare institute to the forefront of the digital economy.