What Are Some Top Healthcare SaaS Companies?

Wondering what some of the top healthcare SaaS companies are? In this article, we will discuss them and the solutions they offer to healthcare organizations.

In this article

1. Examples of Successful Healthcare SaaS Companies
2. Benefits of Healthcare SaaS Companies for Healthcare Industry
3. Frequently Asked Questions on Healthcare SaaS Companies

Examples of Successful Healthcare SaaS Companies

Check out the following examples of successful healthcare SaaS companies to get an idea of the market:

On-Demand Homecare

Organizations providing home healthcare services to healthcare providers, e.g. skilled nursing, home health aides, and personal assistant services can benefit from the solutions of this healthcare SaaS company. On-Demand Homecare healthcare SaaS solution supports the following features:

1. Billing and invoicing;
2. Care plan management;
3. Caregiver management;
4. Client management;
5. Field communication;
6. Insurance management;
7. Payroll management;
8. Scheduling;
9. Visit verification.

Meditab

Meditab delivers a healthcare SaaS solution called Intelligent Medical Software for medical professionals. It can be used in medical practices handling a large volume of prescription medicines. There are EHR, practice management, and billing solutions integrated into it.

The solution boasts an impressive array of features, as follows:

1. Claims processing;
2. e-prescribing;
3. EMR;
4. Healthcare CRM;
5. Long-term care;
6. Medical billing;
7. Medical imaging;
8. Medical lab;
9. Medical scheduling;
10. Patient case management;
11. Pharmacy;
12. Telemedicine.

Insta Health Solutions

Insta Health Solutions provides a Hospital Management Software called Insta HMS. This is suitable for single and multi-center clinics, hospitals, and diagnostics laboratories. It has a wide range of features for healthcare companies, which are as follows:

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1. EMR;
2. Hospital management;
3. Medical billing;
4. Medical practice management.

Waystar

This healthcare SaaS company provides a platform for end-to-end revenue cycle optimization for healthcare companies. It has the following features:

1. Billing;
2. Payment;
3. Claims management;
4. Accounts receivable;
5. Patient eligibility verification;
6. Remittance and denial management;
7. Reporting and analysis;
8. Patient payment collection.

Icertis

Icertis is a SaaS solution company for contract management. This SaaS healthcare technology has all the key contract management features.

Some of these include approval workflow, contract management, compliance management, supplier modules, customer modules, government contracts, document management, contract lifecycle management, digital signature, and more.

McKesson

McKesson is an established technology player in the healthcare sector. Along with distributing pharmaceuticals and selling medical supplies and equipment, it provides healthcare technology solutions. E.g., their cloud-based supply chain solution is designed to completely automate the healthcare supply chain.

Benefits of Healthcare SaaS Companies for Healthcare Industry

Healthcare organizations and healthcare professionals can expect the following benefits from healthcare SaaS solutions:

• Cost efficiency: Helathcare companies can improve deployment of electronic medical records (EMRs) and electronic health records (EHRs) using SaaS. This helps healthcare facilities comply with the ’American Recovery and Reinvestment Act‘ (ARRA), specifically in regards to the ‘Meaningful use’ aspect of the law.
• Less upfront investment: Organizations can gain access to IT solutions for revenue cycle management, population health management, financial management, etc. without setting up their own IT infrastructure.
• Meaningful use of their healthcare technology in developing their own strategic digital health solutions, while letting SaaS take care of the other functions.
• Organizations have better interoperability: with healthcare SaaS solutions, data can be easily shared between hospitals and insurance companies.
• Regional health information exchanges can get new healthcare software up and running quickly and don’t need to spend huge sums on setting up IT infrastructure or doing relevant medical research for the adopted procedures.
• Seamless integration between healthcare providers, healthcare facilities, and medical groups to provide various services like utilization management system, referral management process, health insurance, identity management solutions, etc.

However, organizations need to address the following challenges when adopting SaaS for their healthcare software:

• Data security and privacy: Patient data is sensitive and requires strict protection, hence appropriate safeguards are required before storing the data in the cloud.
• Healthcare is a heavily regulated industry, and as a result, both healthcare organizations and SaaS vendors must fully comply with regulatory requirements.
• SaaS vendors must guarantee suitability and safety of their solutions to healthcare organizations.
• Protecting patient data also requires appropriate access control, which is an area that requires the healthcare organization and the SaaS vendor to work together diligently.

Planning to Invest in Healthcare SaaS Companies?

The healthcare SaaS market revenue is expected to reach more than $93 billion by 2033, growing at a CAGR of 10.9% between 2024 and 2033, according to a report. Software solutions provided by healthcare SaaS companies are streamlining medical processes making them more efficient and accurate.

If you as a healthcare business owner are planning to engage with these healthcare SaaS companies for their services, you are likely going to get successful outcomes in terms of profit and market credibility.

However, healthcare app development is a complex process with many industry regulations and policies to consider. In addition, building healthcare apps often requires the use of the latest technologies like artificial intelligence. SaaS integration into healthcare apps can be a complicated project requiring experienced professionals.

If you do not find such talent in your project team, partner with a reputed software development agency that lets you outsource software developers according to your project needs.

DevTeam.Space can also help you here with its expert software development community with experience in deploying multiple healthcare solutions in the competitive market.

Read our guide on how to build an healthcare integration platform to get an insight into our expertise.

You can easily partner with these vetted software developers for your healthcare development project by sending us your initial product specifications via this quick form. One of our technical managers will get in touch with you to discuss further project details.

Frequently Asked Questions on Healthcare SaaS Companies