# What Does Software As A Service Mean For Healthcare? Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-09-01 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: Unlocking the Potential of Healthcare SaaS: Benefits & Types Meta Description: Discover the power of Healthcare SaaS models like AI, Vertical SaaS, and Pay-Per-Use. Secure, scalable, and cost-effective solutions for modern healthcare URL: https://financedigest.com/what-does-software-as-a-service-mean-for-healthcarehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img6491-744-sbi-300739740-1736837951368-compressed.jpg) The modern world is a maze of digital data. This is why anything and everything is coming into its digital counterpart as asset-heavy businesses find it hard to stay afloat. The solution? [Software as a Service business](https://www.financedigest.com/4-kinds-of-software-your-new-business-needs.html "4 Kinds of Software Your New Business Needs") model, i.e., SaaS. With over [$1.5 billion invested](https://www.thehindubusinessline.com/info-tech/indian-saas-has-potential-to-create-1-trillion-in-value-report/article35205381.ece) in SaaS businesses in 2020 alone, the growth has been fourfold. One of the most promising and [growing](https://www.financedigest.com/using-100bridging-finance-grow-business.html "Using 100% Bridging Finance to Grow your Business") businesses is the healthcare SaaS business. SaaS products offer their customers a wide array of [healthcare software features](https://www.scnsoft.com/healthcare/saas#Key%20functions) without the need to host, update and maintain software locally. The rise in healthcare SaaS is because of the simple fact that a full-blown healthcare [business is cash-heavy and is directly](https://www.financedigest.com/token-enables-bank-direct-payments-for-caxton-fx-consumer-and-business-customers.html "Token Enables Bank Direct Payments for Caxton FX Consumer and Business Customers") responsible for taking care of its patients. ## **Benefits of Healthcare SaaS** Besides the obvious benefit of being a light [asset business](https://www.financedigest.com/making-your-accountant-an-invaluable-asset-to-your-business.html "MAKING YOUR ACCOUNTANT AN INVALUABLE ASSET TO YOUR BUSINESS"), there are many other benefits as well. Some of the biggest ones are: 1. **Cost-effective:** Reduction of setup, operation, and maintenance costs. 2. **Secure:** Using multiple layers of [security for patient data](https://www.financedigest.com/assurance-v-security-reassessing-responsibility-for-data-assurance.html "Assurance v Security: Reassessing Responsibility for Data Assurance"). 3. **Scalable:** Can add more features and functionalities as the [business grows](https://www.financedigest.com/soldo-accepted-into-mayors-international-business-programme-go-to-grow.html "Soldo Accepted Into Mayor’s International Business Programme ‘Go To Grow’"). 4. **Allows Constant Back-Ups:** The [usage of cloud](https://www.financedigest.com/teleopti-leads-cloud-wfm-space-with-strengthened-microsoft-collaboration-and-azure-usage.html "Teleopti leads Cloud WFM space with strengthened Microsoft collaboration and Azure usage") servers will enable you to take constant backups in case of a server crash. 5. **Real-Time Updates:** This can be seamlessly linked with a healthcare [service provider network](https://www.financedigest.com/emergency-call-services-telcos-urge-eu-to-protect-telecoms-networks-from-power-cuts.html "Emergency call services, telcos urge EU to protect telecoms networks from power cuts") to allow patients to track their conditions in real-time. 6. **Highly Accessible:** In the COVID-19 stricken world today, accessing [patient records remotely](https://www.financedigest.com/precise-remote-monitoring-to-steal-the-patient-registry-software-market.html "Precise Remote Monitoring to steal the Patient Registry Software Market") is a boon. With healthcare SaaS products, the [people with the proper permissions can access the data](https://www.financedigest.com/nearly-60-of-people-are-worried-about-their-data-being-used-by-mobile-apps-but-continue-to-download-as-many-as-100-apps-over-the-course-of-a-year.html "Nearly 60% of people are worried about their data being used by mobile apps, but continue to download as many as 100 apps over the course of a year") for further use. ## **What are the types of Healthcare SaaS?** While SaaS on its own is a specific kind of [business model](https://www.financedigest.com/blockchain-valley-ventures-accelerator-and-venture-capital-firm-for-blockchain-businesses-launches-with-hybrid-investment-model.html "Blockchain Valley Ventures, Accelerator And Venture Capital Firm For Blockchain Businesses, Launches With “Hybrid” Investment Model"), there are several subtypes as well. This helps you narrow down the scope of the product and the associated [business plan](https://www.financedigest.com/crafting-a-business-continuity-cybersecurity-plan.html "Crafting a Business Continuity Cybersecurity Plan") surrounding it. Here are the types of Healthcare SaaS: **[1)Artificial Intelligence](https://www.financedigest.com/types-of-artificial-intelligence.html "Types of artificial intelligence") (AI):** artificial intelligence is all the rage in digital businesses, and it is only natural that it finds its way into healthcare. AI healthcare SaaS can use voice-enabled assistants, voice and speech patterns, and automation to derive insights into a patient’s medical conditions. It can then suggest some preliminary treatments from its [database and some follow-up treatments offered](https://www.financedigest.com/oracle-offers-its-mysql-heatwave-database-and-analytics-on-amazons-cloud.html "Oracle offers its MySQL HeatWave database and analytics on Amazon’s cloud") by a licensed professional to alleviate patients’ problems. **2)Vertical SaaS:** horizontal SaaS is a broader definition encompassing various disciplines within a field under a single umbrella. If a hospital were a digital entity, it would be a representation of horizontal SaaS. In today’s world, a [specialist SaaS is something people prefer more than a generic offering](https://www.financedigest.com/cusc-foneguardlaunches-new-website-offering-specialist-apple-insurance.html "CUSC Foneguardlaunches new website offering specialist Apple insurance"). Vertical SaaS concentrates on one single field only. You can use a Vertical Healthcare SaaS to offer custom [solutions to patients](https://www.financedigest.com/the-patient-engagement-solutions-market-to-grow-on-a-satisfactory-note.html "The Patient Engagement Solutions Market to grow on a satisfactory note") within a particular field. Despite the customizations in the solutions, the overall [costs would be lower](https://www.financedigest.com/just-eat-delivers-q3-profit-as-cost-cuts-outweigh-lower-order-volumes.html "Just Eat delivers Q3 profit as cost cuts outweigh lower order volumes") and the solutions more effective. **3)Pay-Per-Use Model:** This is one of the most predominant kinds of models in the SaaS world. And a lot of the hospitals have adopted the Pay Per Use model for online consultations. Platforms like [Practo](https://www.practo.com/) are one of the most prominent examples wherein you can consult doctors and medical practitioners as and when you use them. Moreover, the practitioners pay a small royalty to the platform for using it, making the [business model more sustainable](https://www.financedigest.com/top-10-ways-to-make-your-business-workplace-more-sustainable.html "Top 10 ways to make your business workplace more sustainable") and dynamic. **4)Integration in Existing Systems:** Many [businesses are already ahead of the curve and opt for SaaS solutions](https://www.financedigest.com/exact-launches-practice-management-solution-to-help-transform-accountants-into-trusted-business-advisors.html "Exact launches Practice Management solution to help transform accountants into trusted business advisors") before many others. Due to this, the migration from [offline to online](https://www.financedigest.com/online-banking-is-great-but-offline-customers-shouldnt-get-left-behind.html "Online banking is great – but offline customers shouldn’t get left behind") was not that difficult. However, with such businesses, a Healthcare SaaS can work as an add-on integration to [improve or upgrade their services](https://www.financedigest.com/what-banks-need-to-do-right-now-to-improve-their-digital-services-without-sacrificing-security.html "What Banks Need to Do Right Now to Improve Their Digital Services Without Sacrificing Security ") for a smaller fee than they usually charge. This is a great SaaS [model if you are entering a market](https://www.financedigest.com/the-humanized-mice-model-market-to-grow-on-a-satisfactory-note.html "The Humanized Mice Model Market to grow on a satisfactory note") that is already crowded with SaaS solutions. ## **Conclusion: Is SaaS the future?** Yes! SaaS is growing at an alarming rate, and it would not be a stretch to say that it will [definitely be the way we do business](https://www.financedigest.com/the-definitive-guide-on-how-to-get-a-bad-credit-business-loan.html "The Definitive Guide on How to Get a Bad Credit Business Loan") in the years to come. However, Healthcare SaaS is just the latest one in the pipeline, which will only snowball into something a lot bigger in a short period. **This is a Sponsored Feature.** --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---