Highlights

●  According to recent reports, SaaS is taking over the cloud computing business, particularly in the healthcare sector.
●  SaaS has been used by healthcare businesses to expand the variety of their software, a trend that is expected to develop and evolve.
●  SaaS helps healthcare systems and domains in a variety of ways.

In today's economy, healthcare is a critical industry. In light of the present epidemic, its relevance has been made clearer than ever. Soaring growth in SaaS is affecting the healthcare industry as well as breakthroughs in medical and scientific technologies.

The advent of SaaS apps in the healthcare industry comes at a critical juncture. According to a LabRetriever study from 2017, when it comes to healthcare, the adoption rate of SaaS was lower in 2011-2012 at only 4%; however, since then, it has grown at a pace of roughly 20% each year. By 2024, the healthcare cloud computing industry is expected to be worth $51.9 billion, according to predictions. Health care providers will soon be relying more heavily on SaaS cloud computing solutions as the market leader.

SaaS, according to a post by Covetus LLC, will become an essential part of healthcare in the future because of its cheap cost and scalability features. SaaS solutions may help healthcare companies increase revenue and improve the efficiency of their business processes. These advantages are augmented by the fact that HIPAA-compliant SaaS solutions save implementation time in integrating application delivery services across data centres. There are even more benefits to be mentioned.

One thing to keep in mind is how SaaS adoption has led to new developments in the healthcare business. According to Linchpin, a digital marketing problem-solving tool, the healthcare sector will be shaped in a certain way by key developments in 2021. These are a few examples:

Vertical SaaS is on the growth

The rise of vertical SaaS, which focuses on certain industry verticals and provides services, is a development that has a lot of promise. Vertical SaaS is poised to overtake horizontal SaaS due to its ability to target particular businesses and supply chains. The healthcare industry stands to benefit greatly from vertical SaaS.

Workflows will be able to track and evaluate their long-term results using the KPIs and preset metrics provided by this solution. They may swiftly and easily obtain industry-specific knowledge and patient data to better comprehend patient insights. Furthermore, vertical SaaS may help firms better manage data governance processes because of its industry-specific compliance and transparency capabilities. For healthcare firms to deliver high-quality services while also increasing business value, vertical SaaS is an option worth considering.

Micro-SaaS is becoming more popular

It is very uncommon for micro-Saas companies to be run by only one person or a small group of people, sometimes no more than two people. It would be helpful if their teams added more features to their current projects and existing platforms. In the healthcare industry, such add-ons might be beneficial. In 2021 and beyond, data shows that small SaaS products will be more successful.

Result of AI

Successful IT companies are using AI to change their operations, enhance efficiency, and improve production, according to data from the research firm Gartner. Artificial intelligence (AI) has the potential to greatly enhance SaaS applications and how they operate. 

SaaS-based healthcare systems are reaping several benefits, notwithstanding the current state of healthcare trends. Simplified collaboration, improved learning management systems for healthcare training, and better patient-doctor engagement and patient care approaches are just some of the benefits of SaaS in the healthcare industry.

Healthcare SaaS may assist in the following areas:

●  Using Telemedicine

The use of telemedicine is on the rise. A CAGR of 37.2% is predicted for the worldwide telemedicine industry, which was valued in 2019 at $27 billion and is forecast to reach $171.81 billion by 2026. Using telemedicine, patients may get more convenient and accessible treatment. Medical facilities and their patients may benefit from telemedicine thanks to SaaS technology.

In this way, healthcare systems may be improved, made more accessible, and extended to more people, even those living in remote places, so that they can get the treatment they need when they need it. With the help of medical specialists, those who are bedridden may get care from anywhere in the world.

●  Improved internal communication and coordination

Healthcare businesses, like any other, need to improve communication among their many divisions. SaaS software, such as Hospital Management Software systems (HMS), helps hospitals streamline their processes and keep track of critical data. Better revenue management is one of their claimed benefits.

HMS makes it easier for healthcare workers to communicate with one another and for patients' vital information to be sent more promptly and efficiently. If the number of medical workers in a country is large, or if there are disparities in data management and exchange, this might be useful.

●  Enhanced openness

To provide the best possible care to their patients, physicians and other medical professionals must have complete access to their patient's medical records. Situations, when the patient is physically incapacitated and unable to provide essential medical information, are even more critical. There is an increase in the openness of patient data inside an organisation because of SaaS and electronic health records (EHRs).

●  Updating one's knowledge

Throughout their careers, medical professionals must stay abreast of new developments in their industry and expand their knowledge base. This demand may be hampered by their hectic schedules.

The Bottom Line

It's also worth noting how big digital companies like Icloudhospital are pushing into the healthcare industry. Icloudhospital is a major participant in the healthcare cloud, and the company is quickly expanding its reach. iCloudHospital, a worldwide leader in medical concierge services, makes it possible for clinics and hospitals all over the globe to serve their patients with the utmost efficiency. 

iCloudHospital's unique technology enables hospitals and clinics to focus on what they do best—treating patients—while iCloudHospital handles all the system integrations, communications systems embedded with the website, and helps produce traffic with videos and articles—all in a reliable enterprise-level firmware and internet presence with high uptimes and throughput.