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Cost of Digital Healthcare chat App - How Is Telemedicine App Worth the Cost and How it Works? [Detailed Guide 2022]

Health facilities are working up their investments in Digital healthcare chat app at a very fast pace and this is not just a covid trend. Telehealth is being offered in healthcare plans to employees, the government is also expanding its coverage, services are being extended to rural areas, and better follow-up care is being provided through telehealth technology. Importantly, it leads to a fall in unneeded doctor visits and now the millennials also prefer telehealth visits indicating an outgrowth in the next 5 years.

Table of Content

Key factors that affect the adoption of digital healthcare chat app
Cost of digital healthcare chat app for startups or small telemedicine providers
What is the basic cost of implementing a telehealth program?
How much does it cost to implement digital healthcare chat app
Conclusion

Key Factors that affect the adoption of Digital healthcare chat app

The projection for the telemedicine industry is set at more than USD 191.7 billion by 2025 from an estimated USD 38.7 billion in 2020. Telemedicine has been around for a few years now, yet there is a lot of untapped opportunity in this area. Here are a few reasons why the adoption of telemedicine is ramping up like never before.

Due to the pandemic, in-person visits to doctors have decreased drastically, making way for the telemedicine industry to be explored.
Going by current facts, telehealth makes up for about 25% of all medical appointments and this ratio is going to grow in the coming times.
Particularly, psychiatry care and small hospitals are accepting online technology to cut costs and increase revenue.
Lastly, it saves costs and has added benefits of fast data processing, efficient employee management, and time optimization.

COST OF Digital healthcare chat app FOR STARTUPS OR SMALL TELEMEDICINE PROVIDERS

With appropriate market research, market analysis, and deep insights telehealth solutions can make your patients favorably disposed towards your software and its benefits. CONTUS is the top software solutions enterprise with 10 years of field experience in telemedicine. It offers a big telehealth cost-benefit on implementation due to its ‘one-time license fee’ format. They work by ascertaining the product’s perfect fit into your business, through 3 stages of discovery packages. These stages are discussed below:

Discovery Stage

In this stage, studies are conducted for the suitability of the solution in your facility and the telehealth market. A business analyst will figure out details on your requirements and associate them with the current market conditions. During this stage, they will help to:

Determine the needs of doctors and patients to develop a telemedicine app.
Define your market share by studying market data.
Present a thorough competitor analysis and explain how other digital healthcare facilities profited from telemedicine solutions.
Pinpoint what should be the key features of telemedicine software.

Prepare a budget plan, revenue stream, and spot, how to cash upon this telehealth application.

This takes about six weeks and costs rounds up to approximately$10,000. You get a completed market strategy plan and a schedule for the development stage along with an understanding of the working of your app.

Proof of concept

At this stage the potential of your project after development is tested, to determine whether it works as projected or not? A basic solution is designed and feedback is gathered from the stakeholders to have a better understanding. The development starts after this stage. The time estimate for this stage to be completed in about 2 weeks and the cost estimate is at least $12,000.

Minimum Viable Product (MVP) development

MVP is developed to make optimal use of resources and to keep the costs controlled. MVP will present you with early data that confirms user interest in a product. You receive a working model of your app with all the necessary features. The architecture of the software is used, to be tested by the users and the project documentation is also prepared in this stage.

In this stage, you can evaluate the project and identify modifications and improvements. MVP stage takes two six weeks and costs a minimum of $15,000. Having MVP completed satisfactorily saves you time and money as you are already done with the first step of development.

WHAT IS THE BASIC COST OF IMPLEMENTING A TELEHEALTH PROGRAM?

The cost of developing a telemedicine app is variable and depends upon a deep understanding of the user facility and the features that the business needs. A simple telehealth application cost lies between $15,000 to $150,000. Such an application will have applicability on iOS, Android, or Web along with some basic features like chat and HIPAA compliant chat software streaming functionality, appointment scheduling, and patient records.

1. Hidden Expenses For Telemedicine Startup Costs

Here we will explore what are the things that add to the overall cost of a secure texting for healthcare app, so that are no surprises and there is a clear understanding of the costs involved.

2.Medical Devices or Features Integration

Initial costs of creating a healthcare app are often linked with setting up connections with portable devices or integrating medical features with APIS. E.g. of such devices is a digital telescope, examination cameras, etc. Each addition incurs an additional cost between $5,000 and $10,000.

3.Telehealth Platform License

There is a monthly subscription model and a one-time license fee model to access hipaa compliant chat api. A one-time license costs approximately $1,500 per patient site for a software-based method. For hardware-based video conferencing the cost is appx $10,000 per patient site. However, if the costs become high due to more sites, one can build their own telehealth platform.

4.Communication Platform and Video Conferencing

The scope of your project portal can extend to a single capability or multiple capabilities of patient consultation hosting. Based on this, the software-based conferencing cost lies between $1,000 to $1,500 per patient site, and hardware-based costs lie between $7,000 to $10,000 per site. The price may be more depending on the addition of each remote provider.

5.Telemedicine Devices and Products costs

For the associated hardware, cases, carts, and wall mounts etc. may be needed. Some telemedicine systems also offer all-in-one easy configuration systems which may cost between $20,000 and $30,000.

Telemedicine Support on Mobile Devices

Title: Mobile device support

Based on whether the app is for a small user base or a complex hospital app, the support costs vary significantly. Such mobile health app can be just a couple of hundred dollars per month to as much as $10,000.

6.Employee training programmer

The two to three weeks of employees training costs can be $200 to $2,000 per location in accordance with the complexity of your solution, number of users and additional installations, etc.

Lawyer Fees

Title- Legal fees and costs

You may need to refer to your state’s medical board or attorney for applicable laws. For local compliances, a local lawyer’s help may be needed to understand applicable state laws.

HOW MUCH DOES IT COST TO IMPLEMENT Digital healthcare chat app?

With every additional functionality or a more complex app there is a need to spend more money. The software cost of creating a secure texting for healthcare can lie between $50,000 and $300,000 for a feature-rich solution with better capabilities. This telemedicine cost accommodates a patient app, a doctor app, and an administration panel for either iOS or Android. The process may take three to six months to complete. The companies offer different packages in the form of:

Web App
Mobile App
Doctor’s & patient’s app
Patient’s app only
Doctor’s web app, patient’s web, and mobile apps

In short, spend on a platform combination that can define and develop an innovative solution.

OUR SPECIALTIES AND AREA OF COMPETENCE

CONTUS MirrorFly is a well-known industry leader known for providing the most suitable and dependable tech Stack of telemedicine apps at the most competitive cost. CONTUS gets you the ultimate telemedicine solution with its real-time chat services that are trusted across 40+ countries globally. Its highlighted telehealth app features are

100% customization,
High-end scalability,
End-to-end encryption,
HIPAA compliant,
SIP/VoIP calling,
On Cloud/On-Premises Hosting.

CONTUS MirrorFly has brilliantly aced good results when it comes to patient-doctor conversations and reality technologies that share data with create a hipaa chat api service providers.

COST SAVINGS AND EARNINGS FROM VIRTUAL CARE

According to a study by JMIR, ‘”Telehealth reduced costs to the health system in the short to medium term by 53%, 50%, and 32% of the cost-minimization, cost-effectiveness, and cost-utility studies reviewed, respectively.” The global market for mobile health apps will be much bigger in size in next 5 years, due to cost savings. Major reasons that can be attributed to these savings are short interactions, reduction in travel, economies of scale, augmented revenues etc.

CONCLUSION

Hope that the article covers all your curiosities about Digital healthcare chat app development costs. So if you are looking for a cost-effective, secure, HIPAA-compliant upscale telemedicine app, turn to CONTUS MirrorFly Telehealth solutions.

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