MVP in Healthcare: A Stepping Stone for Healthcare Startups

Quick Summary: Developing MVP for healthcare is a reliable and effective way to test new app ideas before investing significant resources into full-scale development. Additionally, organizations can release new experimental healthcare technology solutions with an MVP and penetrate the market. This blog is helpful for you if you are planning to launch a healthcare app. You will get all the details for healthcare MVP development with benefits, development process, and estimated cost from here. Keep reading!

With the increasing technological advancements, healthcare services have become more effective, accessible, and reliable. The advent of websites and apps has revolutionized healthcare by providing fast and convenient methods to consult a medical practitioner, monitor health, access reports digitally, and more.

Today, the popularity of healthcare software products has reached a whole new level with the tremendous benefits they offer in the medical field. As per Statista, there are more than 54,000 healthcare and medical apps that can be found on Google Play Store. This data shows that the healthcare market has a great scope for new innovative technology releases.

Many entrepreneurs are inspired by the success of various healthcare software products and wish to build their own software and apps for new business opportunities. However, investing in a new business idea, especially with technology, is risky. Luckily, these risk-taking entrepreneurs can start with a minimum viable product or MVP that allows them to verify their idea and minimize the risks. It is the first step in digital healthcare product development that enables testing the usability of a product with real audiences. Even, the existing healthcare organizations may leverage MVP development for testing the success of their technology solutions that aim to streamline the internal processes and make patient care more efficient.

In this blog, we will look at the benefits, processes, cost, and compliance needs that goes into MVP development in healthcare.

So, what are you waiting for? Let’s get started!

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Benefits of MVP in Healthcare

As you know, MVP (Minimum Viable Product) is a cutting-edge software solution that has the essential features to attract early customers and validate a product idea based on practical learnings. In fact, launching an MVP helps understand whether the features aimed to solve a certain problem are versatile enough to cater to the needs or not and based on the feedback it’s developed further.

In context to healthcare, MVP works greatly to create innovative software products. The process of healthcare software product development becomes simpler, efficient, and more tactful with an MVP. The following are the main benefits of MVP development for healthcare.

Faster Time to Market

Considering the dynamics of the healthcare sector in mind, the time to market plays a great role in getting the right success for the software product you develop. An MVP makes it possible to quickly develop and launch a product in the market with key features and validate its usability amid real users. Since MVP is available with a minimum number of features, it can be developed at a faster speed than a full-fledged software. Additionally, it brings a lot of agility into the development process. The software or application is built in short phases with proper usability validation, making the option not just good for the speed but for efficiency as well.

Test Your Healthcare App Idea

Another benefit of MVP development for healthcare is that it helps test the product idea before making a full-blown effort. Indeed, MVP has all the necessary features that enable entrepreneurs to see how early users respond to the software or application. This response will help the entrepreneur determine whether they should build the application or drop the idea. The market feasibility can be well understood with this option in place.

Best for Risk-Benefit Analysis

MVP development is also great for assessing the risks and benefits associated with a healthcare application. It helps entrepreneurs to determine the benefits and risks of launching an application or software product. When the benefits exceed the risks, you can invest in a full-fledged solution. On the other hand, when the risks are greater than the benefits, you can avoid investing in a full-fledged solution and prefer to roll-out the software or app in phases.

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Build a Minimum Viable Product for Diverse Healthcare Segments

The following are the different types of MVPs for healthcare that you can create for your business.

Health and Fitness Apps

Today, people are more serious about their health and fitness, especially in the aftermath of the COVID-19 pandemic crisis. So, the use of health and fitness apps has reached new heights. These apps are easy to use and allow users to set fitness goals like calorie intake or footsteps in a day. Developing an MVP for health and fitness apps can be relatively easy than other healthcare products but complexity can rise with more advanced functionalities.

Telemedicine/Telehealth

The introduction of telemedicine apps is a milestone in healthcare services. These products offer excellent functionalities enabling patients to connect with doctors instantly. Telemedicine or telehealth products allow patients to connect with doctors from different specialties. Patients can contact doctors via SMS, video call, phone call, etc., to get treatments. These products also help patients schedule appointments easily and efficiently.

Medication Reminder Apps

Taking medicines on time is important and effective in treating ailments. However, it could be possible to forget one or more medicine doses in this busy life. Using a medicine reminder application is a lifesaver in such situations. These apps enable users to enter medications along with their schedules. After this, the users will get reminders for medicines on time.

Remote Patient Monitoring

Remote patient monitoring apps allow doctors to monitor patient health from a remote location. Users can add vitals in the app and doctors can check the vitals from any location. These apps allow doctors to monitor oxygen levels, sugar levels, blood pressure, and other vitals easily.

Doctor On-Demand

One of the most popular health products available in the market is doctor on-demand. These are applications that allow doctors to offer patient care through video calls. Doctors can connect with patients from anywhere in the world. They can see the patients and provide medical care easily.

Essential Compliances to Build an MVP in Healthcare

MVPs in healthcare are needed to meet some compliances and standards. Since healthcare software products and apps deal with plenty of sensitive patient data, they are required to meet compliances to protect patient privacy. The following are the important compliances for MVP development in the healthcare sector.

• HIPAA: The Health Insurance Portability and Accountability Act provides a layer of protection to safeguard medical information. This law is meant to ensure data privacy for patients.
• GDPR: This is another important law known as the General Data Protection Regulation and strict protection against data privacy violations. However, unlike HIPAA it has a wider scope and is not limited to the medical field only.
• ISO and IEC: These standards are essential to ensure quality and data safety.
• DPA: It is the Data Protection Act applied to entities operating in the UK. So, software products or apps need to comply with DPA when the end users are from the UK.

What are the Steps to Build an MVP?

There are several steps involved in the new software product development process. However, with an MVP, the development process is a bit easier to manage. The steps to build an MVP covers the same process as full-scale development, starting from ideation to the development and launching of your healthcare software product or app. Here are the steps to create a minimum viable product for your healthcare application elaborated for better understanding.

• Planning

You need to start by deciding the health segment you wish to develop an application or software product for. Find out if you want to develop a telemedicine app, health and fitness app, health tracking app, or any other type of digital product altogether. This stage involves turning the raw software product ideas into practically feasible concept plans, and developing the execution strategy for the same.

• Design

UI/UX design is the next step in developing an MVP. In this step, the UI/UX designers will create the user interface of your healthcare software product to build an engaging and feature-rich solution that rightly caters to the end users and their specific needs.

• Development

In this stage, the developers will work on the front-end and back-end coding and build the software or app functionalities. Developers will build an MVP using the latest technologies and agile SDLC.

• Testing

Quality assurance is the next important step in healthcare MVP development. This step consists of testing your application or software product to ensure its quality and performance, and its feasibility to be launched for practical use in the market.

• Launch

After completing the development process and testing, the MVP for healthcare can be launched right away. Your product will be available for use among actual users. You can monitor their feedback and improve your healthcare product with enhanced functionalities.

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Cost of MVP Development for Healthcare

Healthcare MVP development and cost estimation vary with the complexity and features. The more complex MVP is, the more cost it will carry. So, there is no exact estimation for the healthcare MVP development price.

The following are the possible costs for MVP development for healthcare based on different complexity levels.

• Simple MVP: It is a basic level MVP for healthcare with only a few functionalities for users (created for a very small audience segment). Developing such type of a product requires a few resources and time. The cost of developing a simple MVP for healthcare is lower and could range from $25,000 - $40,000.
• Medium-complex MVP: This type of MVP in healthcare has more functionalities and designs. As a result, you need more resources and time to develop such healthcare software solutions. So, the cost of developing these products can range from $45,000 - $70,000.
• Complex MVP: This type of MVP has many advanced features and a complex design that requires a large development team and plenty of time. This kind of MVP development in healthcare may involve greater investments. Typically, the cost of complex MVP software product ranges from $75,000 to $150,000 or more based on further customizations.

In ConclusionThe healthcare industry is facing a rapid digital transformation. So, the use of software products, apps, and websites is trending in this field. Considering the increasing popularity of healthcare software products and applications, this is the best time to come up with your own unique digital product idea and opt for healthcare software development services to get that concept rolled-out as a practically usable solution.Investing in healthcare software products and mobile applications can be profitable given the rising number of smartphone users and demand for e-health services. It will help take your healthcare services to the next level.You can build a well-designed MVP with Radixweb to verify your concept and get end-to-end development support. At Radixweb, we have helped many startups establish their business from scratch by developing cutting-edge software products. We have sufficient experience and knowledge to work with startups, mid-scale businesses, and giant organizations from many fields including healthcare.As a trusted software development company, we are the first choice for many clients and have helped businesses build disruptive solutions. Whether you want to build an MVP for healthcare or a complex full-scale application, contact us for top-notch solutions.