With an annual CAGR of 19.8%, the healthcare IT outsourcing industry is expected to reach a valuation of more than $974.5 billion by 2027. This is hardly surprising, considering the healthcare industry depends on custom software for everything from record maintenance and billing to enabling training simulations, remote monitoring, telehealth apps and more.
The Covid 19 pandemic has shifted the focus on to technology driven healthcare to make it more patient focussed, mobile, precise and fast.
While some healthcare enterprises choose to hire an in-house team of developers to address these needs, there are compelling reasons as to why outsourcing custom healthcare software development makes business sense.
Here are the top reasons why healthcare brands ought to consider outsourcing healthcare software development.
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Why Outsource Healthcare Software Development
Let’s get the most obvious reason out of the way before we dive into the other reasons for outsourcing healthcare software development. Software development is simply not a core function for a healthcare organization.
By outsourcing this, the management team can focus their energies more on their primary business, such as improving patient outcomes, enhancing operational efficiency, and driving innovation in healthcare delivery..
That being said, here are some of the reasons why outsourcing healthcare software development makes perfect sense.
1. Risk Free and Compliant
The healthcare industry is governed by strict regulations and compliance standards. Outsourcing healthcare software development to a reputable thor-dparty software developer with a deep understanding of regulatory requirements and patents helps mitigate risks associated with data security, privacy, and compliance.
An experienced custom healthcare software developer will have robust processes and protocols in place to ensure your software solution meets all relevant regulations, giving you peace of mind.
2. More Affordable
Developing and maintaining an in-house software development team can be an expensive proposition. You need to consider the costs of hiring, training, salaries and other overhead costs that outsourcing does away with.
Outsourcing healthcare software development allows you to leverage a global talent pool, giving you access to cost advantages associated with labor and infrastructure in other regions or countries.
You also only pay for the services of these software developers when you need to develop a new software solution, making it far more affordable than having an in-house team.
3. More Efficient
Speed and efficiency are crucial while developing healthcare software solutions. Outsourcing the development of these software sets you up for success because you get to leverage the expertise and resources of a dedicated development team, resulting in faster development cycles.
This accelerated development process allows you a competitive edge, since you get to launch your software in the market faster.
4. Access to Expertise
Outsourcing healthcare development gives you access to the expertise of developers who have an in-depth knowledge of the intricacies of healthcare workflows, regulations, and compliance.
Not only does this make development faster, it also ensures you get a high quality, technologically superior software product every time.
5. More Scalable and Flexible
The need for an in-house software development team may not always be consistent, considering you are primarily a healthcare provider.
Outsourcing healthcare software development offers scalability and flexibility, allowing your organization to adapt to changing needs and demands, both internally and in the market.
An outsourced software developer gives you the flexibility to scale your development team up or down as required. This flexibility enables you to respond quickly to new opportunities, address emerging challenges, and stay ahead in a dynamic healthcare landscape.
What to Look For While Outsourcing Healthcare Software Development
Now that we’ve made our case as to why it is a good idea to outsource healthcare development, let’s quickly look at what you need to look for in the ideal outsourcing vendor for your software needs.
1. Domain Expertise
Look for a software development company with experience in the healthcare industry. They should understand the unique challenges, regulations, and standards within healthcare, ensuring compliance and efficiency in the software solutions.
2. Security and Compliance
Healthcare software deals with sensitive patient data, so security and compliance are of paramount importance. Ensure that your outsourcing partner follows industry best practices and has robust security measures in place to protect patient information.
3. Quality Assurance
The outsourcing partner should have a strong quality assurance process in place to ensure the software meets the highest standards. This includes rigorous testing, validation, and adherence to regulatory requirements.
4. Scalability and Flexibility
Technology is constantly evolving, so consider the long-term goals of your healthcare organization.
The software developers you work with should be able to accommodate future scalability needs and provide flexible solutions that can adapt to evolving requirements.
5. Communication and Collaboration
Effective communication is vital for a successful outsourcing partnership. Choose a software vendor that emphasizes clear and open communication, provides regular progress updates, and encourages collaboration throughout the development process.
Get The Best Healthcare Software Solutions With CrossAsyst
We at CrossAsyst check all of the boxes above, and then some. We bring over a decade of experience to the table, with a large part of that experience being in healthcare software development.
Our HIPAA compliant team has completed over 200 custom software projects in the HIT vertical alone. You can expect our team to support you on every step of the journey, right from the ideation process to ensuring you are set up for success after the launch of your custom software.
Be it compliance, rigorous testing or delivering you cutting edge solutions, you can rest easy knowing that with CrossAsyst, you get top-notch, unique healthcare software solutions.
Get in touch with our team today to learn more about why CrossAsyst is the only custom software developer you will need for your healthcare software needs.
HIT Consulting is a rapidly growing industry, especially since healthcare in itself has become more dependent on technology for various purposes, such as remote monitoring, patient health record management and more.
Here’s a quick read about why it makes sense to outsource healthcare software development, and what to look for while choosing a custom software development partner.