Top 10 Types of Healthcare Software: Features, Benefits, and Costshealthcare software solutions

Quick Summary: We've been witnessing an increasing number of healthcare institutions investing in and developing various healthcare software platforms to take their businesses to the next level. So, what kind of healthcare system are they building? And if you’re planning to do something similar, what would be the ideal type for you? Find your answer in this blog, along with a detailed description of the different types of healthcare software, their features as well as benefits!

Healthcare software development might not be the talk of the tech town, but this multi-billion-dollar sector has been growing for a while and doesn't appear to be slowing down in anytime soon. And with advancements in areas like telemedicine and artificial intelligence, its impact on the future of healthcare is poised to be even more significant.

For your reference, the global IT healthcare market is estimated to generate over USD 870 billion by the year of 2030!

What started as a survival strategy during the deadly COVID-19 pandemic soon became an efficient, yet economical, method to empower medical professionals and fulfill patients’ needs at speed and scale. More and more healthcare organizations are leveraging the power of technology to redefine their services, push the boundaries of innovation, and beat their market competitors.

So, since you have landed on this blog, we are going to presume that you need to dig into healthcare IT systems to get your business up and running. And we know the task can be a bit challenging.

With so many options available out there, you don’t want to choose an inappropriate healthcare system and leave your money on the table by having little knowledge about the types of healthcare software available in the market; let alone providing poor patient experience, having a low retention rate, and managing a chaotic workplace.

Presenting to you a comprehensive checklist of software products used in the healthcare industry. While this list by no means covers all of them, it provides a solid overview of 10 popular types of medical software and what can work for your unique business requirements.

We will also be discussing the estimated cost of healthcare software development, providing valuable insights to help you determine an appropriate budget for your project.

Gear up!

1. Electronic Health Records Software

This well-known and highly useful medical software is comparable to a healthcare CRM created for the healthcare sector as it efficiently stores and manages the whole medical history of patients, including the medications they have taken. their previous and current treatments, diagnosis results, the tests they had, and so on.

By eliminating the need for manual work and patient data management, the primary objective of EHR software is to reduce the workload of hospitals and other healthcare facilities.

Moreover, knowing your patients' full medical history can significantly affect how you can treat them in the future. As an example, doctors can look up previous diagnoses and medications provided to evaluate what the patient is capable of and how to prevent complications in the future.

There are two major kinds of EHRs you can implement:

Electronic Medical Records Software – EMR software stores everything on a digital chart, such as medications, tests, diagnoses, medical history, etc.

Electronic Patient Record Software – EPR software stores, manages and optimizes end-to-end information of patients for healthcare professionals.

Features to Look at

• Monitoring patients’ status
• Automated scheduling
• Document generation
• Smart prescriptions
• Reporting and data analytics

Benefits to Consider

• Safe exchange of patients’ data
• Fast diagnostics and reduced errors
• Instant access to patients’ information
• Less paperwork and saving time
• Data-based decision-making

Average Cost of Software Development for EHR

Average software development cost: $50,000 to $100,000

EHR software development costs can range from $50,000 to $200,000, including functionalities like managing patient records – medical history, treatment plans, lab results, and more. The software development cost varies based on the complexity of features, integration requirements, and regulatory compliance.

2. Telemedicine Software

Without any doubt, telemedicine is the fastest-growing area in the IT healthcare industry. By 2027, the global telehealth market is projected to reach a value of USD $285.7 billion.

Although there was a need for online consulting before the pandemic, it’s a must now. The rise of telehealth software is a perfect solution for rural residents or those with disabilities, becoming essential for everyone in a time of minimum interaction or closed hospitals.

Through telemedicine software, a doctor and patient can establish a reliable connection while also getting answers to their inquiries, setting up a consultation, monitoring their treatment online, or conducting a quick checkup. Patients can also significantly save the time and money required to travel to a healthcare facility. For all these benefits, telemedicine app development has emerged as a lucrative growth strategy for healthcare firms.

Features to Look at

• Audio and video-based calls
• HIPAA-compliant communication
• Remote appointment scheduling
• Patient data analysis and management
• e-Prescription and payment gateway

Benefits to Consider

• Faster treatment with reduced exposure
• Greater accessibility to medical care
• Improved operational efficiency
• Better patient outcomes
• Increased flexibility and revenue

Average Cost of Software Development for Telemedicine

Average software development cost: $80,000 to $200,000

The average telemedicine software development costs from $80,000 to $200,000 with remote consultations, video appointments, secure messaging, and virtual assistant. The cost depends on features like real-time video communication, patient scheduling, electronic prescriptions, and integration with existing systems.

3. Hospital Management Software

When it comes to hospital management software, it’s all about optimizing day-to-day operations in a hospital or clinic, including generating invoices to scheduling visits. you can integrate this type of system with electronic health records software to keep track of patient information, insurance details, processing payments, and so on.

Its primary aim is to completely automate all administrative tasks. However, hospital management software not only streamlines processes or increases operational efficiency, but it enhances the patient experience throughout the medical journey as well.

You can also use it to systematically schedule doctors' appointments, patient-party visits, and surgical procedures. On top of this, the management of any pharmacies and laboratories that are a part of the healthcare organization should fall under its purview.

Features to Look at

• Patient registration, boarding, and billing
• Patient portal and dashboards
• Digital imaging and diagnostics management
• Emergency care modules
• Ward and bed management

Benefits to Consider

• Improved medical decision-making
• High data security
• Better revenue management
• Cost and time reduction
• Enhanced patient experience

Average Cost of Hospital Management Software

Average software development cost: $80,000 to $250,000

The cost of hospital management software typically ranges from $80,000 to $250,000. This software facilitates various administrative tasks such as patient admissions, bed management, inventory control, staff management, billing, and reporting. The overall cost varies depending on the scale of operations and specific integration requirements.

4. Health Tracking Apps

This kind of software is undoubtedly the most diverse category of healthcare software solutions because it can include applications for monitoring vitals and diets, tracking physical activity and movements, and the most recent type - mental health and wellness apps. Although these apps are not strictly “healthcare software products”, we can nonetheless count them as an extra source of patient-generated health data.

The most common examples of health tracking apps are wearables where the software is integrated with the device; for example, Apple Watch and Fitbit that keeps a track of your movement, heart rate, sleep time, etc.

But not just that; businesses have also started manufacturing bracelets, wristbands, and rings that go above and beyond to help patients with diabetes, infertility (by tracking your menstrual cycle or body temperature), and other issues.

Features to Look at

• User personalization
• Activity summaries by specific time period
• Goat setting and tracking metrics
• Push notifications
• Community and social sharing

Benefits to Consider

• All-in-one health tools
• Personal accountability
• Customized goals and activities
• Setting multiple targets
• Multi-device synchronization

Average Cost of Health Tracking App Development

Average software development cost: $30,000 to $100,000

The cost of health tracking applications can range from $30,000 to $100,000, including health metrics – steps, heart rate & sleep patterns, and providing personalized insights. In fact, costs depend on features like data visualization, user authentication, third-party integrations, and mobile platform support.

5. e-Prescribing Software

Getting a hand-written prescription for medication is another reason patients must visit clinics. e prescribing software turned it upside down by making this service completely online. Electronic prescription is the procedure through which medical professionals store prescription data into a cloud-based system to instantly send prescriptions to pharmacies.

While a patient is there, healthcare providers can select and place an order for a prescription with only a few clicks. they can also shortlist widely-used prescriptions and rapidly access their go-to drugs.

Once chosen, the prescription is safely sent to the patient's preferred pharmacy, which can be changed at any time through the patient portal on the e-Prescription software. This flexibility is a hallmark of an integrated pharmacy management system, ensuring that changes during intake or other times are hassle-free. When a request comes in from the clinic’s side, a pharmacy can start processing the prescription right away.

Features to Look at

• Electronic Prior Approval (e-PA)
• Medication decision support
• Formulary checking
• Automated adverse drug interaction
• Patient information and data

Benefits to Consider

• Complete patient medication records
• Prevention of clerical errors
• Prevention of prescription drug errors
• Easy tracking of prescription fulfillment
• Meeting meaningful use requirements

Average Cost of e-Prescribing Software Development

Average software development cost: $50,000 to $150,000

The cost of e-Prescribing software development ranges between $50,000 and $150,000. e-Prescribing software allows healthcare providers to electronically generate and transmit prescriptions to pharmacies. Development costs vary based on features like drug database integration, allergy alerts, and regulatory compliance.

6. Remote Patient Monitoring Software

The term remote patient monitoring describes the process of virtually monitoring a patient's health data using medical diagnosis systems. RPM tools gather a patient's health information and transfer it to a healthcare professional who can then review it and take necessary actions.

In other words, RPM empowers medical practitioners to monitor patients between clinic visits or when in-person consulting is impossible. As per the report, around 90% of hospitals will use AI-powered technology for remote patient monitoring by 2025.

These custom software applications are the future of healthcare industry, giving healthcare providers the ability to monitor patients almost in real-time, collect the needed data, and take necessary actions to enhance care outcomes, which is particularly beneficial for chronic care. Patients who require ongoing care, such as those with heart issues, asthma, mental disease, diabetes, and hypertension can benefit from this kind of round-the-clock tracking.

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Wearables are another class of remote patient monitoring devices that can be used to monitor patients' health over time. These can include more consumer-oriented gadgets like smartwatches, ECG monitors, blood pressure and heart rate monitors, glucose and oxygen level rackers, etc.

Features to Look at

• Real-time health tracking
• Data analytics and reporting
• IoT device configuration
• Online communication channels
• Patient data security

Benefits to Consider

• Reliable and accurate patient data
• Automated health measurements
• Strong cybersecurity measures
• Accessible anywhere, anytime
• Improved patient engagement rate

Remote Patient Monitoring (RPM) Software Development Costs

Average software development cost: $80,000 to $280,000

The average costs of RPM software can range from $80,000 to $280,000, depending on various aspects like device integration, data analytics capabilities, and security measures. RPM software collects and analyzes patient data from remote monitoring devices (wearable, IoT sensors) to track health metrics and send alerts for critical changes.

7. Medical Diagnosis Software

Medical diagnosis systems are one of the emerging types of software used in the healthcare industry. It is a digitalized platform that enables rapid and accurate clinical diagnosis. In order to analyze vast amounts of patient health data and generate precise diagnosis, advanced medical diagnosis software products use AI/ML and automation technologies. These technologies, like AI enhance patient and reduce costs for organizations.

These tools support doctors' decision-making and ensure the minimum number of diagnostic errors. The core of medical diagnostic programs is clinical data analytics, which examines patient health reports, test results, and other data points to provide the needed diagnosis. Using this method, doctors can identify patients who are more susceptible to disease and start treating them early.

A popular example of this kind of medical software development includes chatbots and questionnaires functioning as symptom checkers.

Features to Look at

• Clinical interoperability
• Computerized Physician Order Entry (CPOE)
• Drug interaction alerts
• Electronic prior approval
• Pattern recognition and data comparison

Benefits to Consider

• Predictive medical analysis
• Efficient medical imaging diagnostics
• Tailored medicines for patients
• Clinical research and trials
• Drug development and production

Average Medical Diagnosis Software Development Costs

Average software development cost: $150,000 to $450,000

Medical diagnosis software costs can range from $150,000 to $450,000, depending on complexity, accuracy validation, and regulatory compliance. Medical diagnosis software uses AI and machine learning algorithms to assist healthcare professionals in interpreting medical images (e.g., X-rays, MRIs) and lab results.

8. Healthcare Billing Software

Using templates and electronic payment gateways, medical billing systems automate and streamline the overall payment and invoicing procedure, leading to less time and resource-consumption.

Using healthcare billing software, the risk of errors and reputational harm is almost nonexistent since the processes for creating, issuing, and billing has been automated. As you get to use fewer people to complete these operations, it also saves money.

In order to provide a seamless user experience and synchronize all the data, you can also integrate medical billing apps with accounting management software. This type of software used in healthcare enables medical service providers to increase reimbursement rates, maximize revenue streams, and maintain financial stability.

Even though it tracks claims and payments at the most basic level, a modern medical billing software does a lot more than that.

Hence, you can expect the healthcare billing market to grow from USD 15.88 billion in 2023 and USD 17.76 Billion in 2025 to a valuation of USD 32.79 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.14% during the forecast period.

Features to Look at

• Claim processing
• Electronic superbill
• Eligibility verification
• Payment reminders
• Electronic remittance

Benefits to Consider

• Reduced paperwork, manual work, and errors
• Optimized claim tracking
• Improved financial reporting
• Accelerated cash flow
• Better patient experience

Healthcare Billing Software Development Costs

Average software development cost: $80,000 to $250,000

Healthcare billing software automates billing processes, insurance claims management, and revenue cycle management. The average healthcare billing software development costs can range from $80,000 to $250,00, including features such as billing workflows, claim submission, payment processing, and compliance with healthcare regulations.

9. Medical Image Analysis Software

Medical image analysis software is any program that has the ability to analyze data from medical images and help with diagnosis, compare photos of different patients or the same patient at various times to gauge the progression of the disease, and determine prognosis.

With the advancement of imaging technology, the analytical capabilities of the medical imaging software are getting upgraded as well, with the goal of developing software that is able to independently detect clinical irregularities in medical images, such as CT scans, MRI, echocardiography scans, thermography, and much more.

To read and assess images, medical image analysis tools use deep learning techniques. It can manage heavy workloads since it can sort through hundreds of images at once. It can be trained to tag images with unusual findings, which helps speed up radiologists' work by allowing them to focus only on the photos that have been highlighted rather than having to look through all of the images.

Features to Look at

• Image registration and segmentation
• Image quality improvement
• 2D visualization
• 3D construction
• Image qualification

Benefits to Consider

• Automate image analysis
• Addressing the growing demand for medical images
• Scalability and operating efficiency
• Secure storage of images
• Non-invasive checkup of internal anatomy

Medical Image Analysis Software Development Costs

Average software development cost: $150,000 to $450,000

Medical image analysis software processes and analyzes medical images for diagnostic purposes using advanced algorithms and visualization techniques.

The average cost of medical image analysis software can range between $150,000 and $450,000, which includes image processing capabilities, AI integration, and regulatory requirements.

10. Personal Health Record Software

This particular healthcare app stores and organize all the family members' medical histories. It’s very useful for patients to get every health-related document and information in a user-friendly layout. PHR software, as a significant part of the overall custom healthcare software development ecosystem, works as an optimization tool that gives users easy access to the required data for patient monitoring.

Through push notifications and data analytics, the patient can be informed about their health status or be impending tasks. In other words, with all the personal information saved, such a tool can act as a wellness program, helping patients keep track of their medical issues and adopting healthier lifestyles. From streamlining all paperwork to personalizing wellness plans and informing medical experts about sudden crises – personal health record software can do it all.

Features to Look at

• Cloud and mobile implementation
• Data sorting and aggregation
• Clinical and patient data repository
• Summarization modules
• Custom telemedicine and telehealth

Benefits of Consider

• Better access to patient information
• Improved patient engagement
• Reduced administrative costs
• Enhance patient-caretaker communication
• Family healthcare management

Personal Health Record (PHR) Software Development Costs

Average software development cost: $30,000 to $100,000

PHR software allows individuals to manage their health information, including medical history, medications, allergies, and appointments.

The average software development costs for Personal Health Record (PHR) ranges from $30,000 to $100,000, including data privacy, a user-friendly interface, and integration with wearable devices.

So, these were the most prominent types of healthcare software, and which one to select lies in your hand. You can take this comprehensive blog as your guide to select the best one for you, or you may also choose an ideal healthcare software development partner that can suggest you the best (as per your organizational needs)

Healthcare Software Development Cost in General

When discussing generic healthcare software development costs, several factors come into play, including software size, functionality, complexity, and technology stack. Healthcare software development costs can range from $50,000 to $100,000 and beyond, depending on the software type being developed.

Choosing a reliable healthcare software development partner, like Radixweb, can help you with the right consultation and provide cost-effective solutions per your demands. You can also hire software developers to help you build healthcare software within a budget and time frame.

What Type of Healthcare Software Should You Choose?Healthcare software applications enable practitioners to deliver better care and increase the effectiveness of the healthcare organization. Although there are numerous different kinds of healthcare IT systems, we hope this list will help you focus your search.As with any software, you should be aware of the unique requirements of your firm as well as the benefits you are expecting from it. The most well-liked software can end up being a less-than-perfect option for your venture, so it's a good idea to ask for demos from suppliers so you can see what each software is capable of before selecting your final pick. The most crucial factor in making your ultimate choice is to choose a system that works with your organization.And if you are still confused about where to start, our expert team of healthcare software development can help you narrow down your search or build an efficient software product according to your requirements. So, do you have a healthcare software project on your mind? Let’s bring it to life!