How To Estimate The Overall Cost For A Healthcare Software Development Project

The only drawback of this option is that you might have to deal with time zone differences. When you partner with a custom software development company, you are partnering with a team of experienced analysts and developers. Those experts will help you plan your software solution, build it using reliable and secure coding practices, and launch and maintain your software once the development is complete. We can help you design and develop a range of healthcare software such as custom telemedicine applications, appointment scheduling software, electronic health record software, practice management software, etc.

Healthcare software development costs

If your application needs basic health measurements, add heart rate sensor integration to your project. As the authors of anIBM Cloud API white paperargue, healthcare is a data-intensive industry and every organisation needs to start, if hasn’t already, strategising the use of business APIs. On average, tracking features require 2 to 8 sprints, which will cost you $50,000 to 200,000. For collecting, processing, and storing user data and data visualisation, you will need more time. AI and machine learning can also be involved, which requires at least 2 to 4 more engineers and data analysts. Complex logic behind software algorithms and features, which requires more time and skills for planning, development, and testing.

popular Use Cases of AI in Healthcare (Updated)

BlueDot, an AI-powered infectious disease surveillance platform, successfully predicted the outbreak of COVID-19 before health authorities officially recognized it. By analyzing vast amounts of data from sources such as news reports, social media, and flight data, BlueDot’s AI algorithms identified patterns. They alerted healthcare organizations about the potential spread of the virus. This early warning system allowed for early response and preparedness measures to be implemented. DeepMind, a subsidiary of Google, developed an AI system called “DeepMind Health” that demonstrated promising results in early cancer detection. In a study published in Nature, the AI system was trained on a dataset of mammograms and outperformed human radiologists in accurately detecting breast cancer.

Healthcare software development costs

The overall digitization of industries, including healthcare, has also played a significant role in this expansion. The AI healthcare market has experienced a remarkable upward trend, with its value growing from $11.06 billion in 2021 to $15.1 billion by the end of 2022. This growth is projected to continue, reaching an impressive market value of $187.95 billion by 2030, driven by a robust annual growth rate of 37% from 2021 to 2022.

Features that can be included in a healthcare mobile app development

This includes BetterMe, MyFitnessPal, and Digifit, a few of the highly popular health and fitness app development services options. Such mobile apps simplify clinical decision-making and contact with clinical professionals at a certain hospital. Message and voice chat, file sharing, and electronic health record systems are just a few options available. This includes feeding the mobile healthcare app with key information like name, email address, mobile phone number, and health-related information (blood type, past medical history, current health condition, etc.). Depending on the type of project and its complexity, developing the first iteration of your healthcare software project may cost anywhere from $50,000 to $150,000 depending mainly on the scope of work. Headcount is precious when healthcare development companies expenses reach millions.

Scalability and performance considerations are crucial for effective implementation in large healthcare systems. IBM’s Watson for Oncology is an AI-powered Software that assists oncologists in treatment planning by providing personalized recommendations based on patient data and medical literature. It analyzes patient records, medical literature, and clinical guidelines to suggest evidence-based treatment options. Watson for Oncology has been successfully implemented in various healthcare settings, helping clinicians make informed decisions and improve patient outcomes. NLG is a feature that enables AI Healthcare Software to generate human-like written or spoken narratives based on data analysis.

Factor #3. Overall Aesthetic Design and User Experience

Additionally, make sure to allocate the required budget to maintenance of the software post its deployment. By defining the business requirements and discussing them with the professionals, you can determine the budget while getting much required insight into the development time-frames as well. Following Agile methodology on the other hand, can help keep the costs in check.

  • Arkenea creates healthcare and medical software compliant with HIPAA, HITRUST, HL7, IEC 62304, DICOM, ICD-10, PIPEDA, EPHI, PCI-DSS, IHE, LOINC, MDR, GMP and FDA 21 CFR Part 820 policies.
  • Arkenea offers proprietary SMART on FHIR applications that enable secure access to patient data from existing electronic health records leading to interoperability in the healthcare solutions developed.
  • If you are developing a simple project then an intermediate vendor backed by a junior developer can do the job for you.
  • Project delays or changes in third-party integrations can cause timelines to extend, resulting in higher development costs.
  • Whether you want to augment your app with new features or need complete reengineering of your legacy software, ScienceSoft’s team is fully equipped to take on the task.

As medical software can serve a wide range of customers in the industry, there are different medical software types. You can start by asking your peers for a recommendation or scanning the internet for the most competent best healthcare app developer in your industry. Visit the homepage to check out their portfolio and review their testimonials. Health apps are aimed at patients and can provide different services like medication tracking, mental health exercises, fitness, dieting, etc. Apps that have the biggest user base are Medisafe Pill Reminder and MyFitnessPal.

Healthcare Software Development Costs and Timelines

Telemedicine software cost starts as low as $29 and can go as high as $449 for a single user per month. For more users and advanced functionalities, healthcare companies can expect to pay around $59 to $929+ per month. Medical billing software cost starts as low as $65 and can go as high as $599 for a single user per month. For more users and advanced functionalities, healthcare companies can expect to pay around $669 to $15,600+ per month. EMR software cost starts as low as $74 and can go as high as $729 for a single user per month. For more users and advanced functionalities, healthcare companies can expect to pay around $599 to $18,225+ per month.

Healthcare software development costs

This allows professionals to create more personalized images of patients and even design prosthetic limbs and other medical equipment. Medical imaging software helps practitioners to track, manipulate, and manage medical images. The industry is slowly moving away from the less advanced 2D imaging solutions to the more advanced 3D and 4D ones. This means they can be shared with other hospitals, labs, and healthcare institutions. Such records store information about lab results, medical history, and other vital patient information.

UI/UX design

Reduce the risk of data exposure by using the best healthcare security technologies and disciplines. Unlock insights, links, and inferences in patient data that improve medical app development the patient’s journey and health outcomes with their care team. Move into a steady state, making continued improvements to software development velocity and quality.

Benefit Use Case Doctors and patients need to connect consistently for a better outcome. Using advanced analytics helps detect patterns that would otherwise go unnoticed. With the help of targeted ads, reach out to the existing heart disease patients.

Factors That Affect The Cost Of Healthcare-Based Software Development Services

These apps enable those with a medical condition or those interested in improving their health to approach their activities more effectively. Moreover, healthcare app development includes both — patients and healthcare professionals. Let us reveal the real estimates about the average cost of healthcare app development based on the major types of applications that are on the rise on the market today. This is because estimation of the actual costs depends on a number of factors. Let’s take a deep dive into the underlying factors that can have an impact on the healthcare software development costs.