Healthcare App development Cost & Time in 2024: Comprehensive Guide

Over the past decades, the healthcare sector has continuously expanded its wings, moving from traditional to advanced technological processes. This evolution is driven by the sector's unwavering commitment to serving its patients. In 2024, technology has become the twin flame of healthcare, accelerating its progress and improving patient care across generations.

This guide will focus on the healthcare application development cost and estimated time to build an application, which is the only reason you are here.

The development cost of an application depends on many factors, such as the resources required to complete the project, the cost of a developer's hourly rate, and the time frame for delivering a project. These factors, including the complexities and current market scenarios, act as deciding factors in setting the price of an application.

To estimate the price range, a healthcare application would cost around $30,000 to $500,000. However, the actual cost can vary depending on numerous factors, a few of which I’ve discussed above.

Throughout this blog, we will delve deeper into the types of applications and their estimated costs to give you an idea of the development process. We’ll also inform you of factors that can tremendously change the budget ranges.

So buckle up to explore how healthcare development companies can meticulously help their patients in any way possible and become the doorway to reaching the maximum number of patients with a single click. We will also examine how different types of applications ease the workload and how they can lead the country toward prosperity.

Healthcare Market Analysis and Overview

The future of the healthcare market is brimming with potential as advanced technologies and methodologies accelerate. It is showing substantial growth right after COVID-19, focusing on health-related solutions promptly. A study done by Data Bridge Market shares insights into the U.S. market, which was USD 6.43 billion in 2022, is expected to reach USD 13.49 billion by 2030, and is scheduled to undergo a CAGR of 10.2% from 2023 to 2030.

If we zoom in on the U.S. healthcare market, we see that it is separated based on types, components, delivery models, applications, and end-users. The instant growth among these sectors will determine the overall projected market value increase.

Now, let’s understand the type of analysis that can be taken into account during market research.

Types of Insights:

Descriptive Analytics refers to a detailed study and interpretation of data insights in healthcare to understand the current status of the market, incorporating trends, consumer behavior, market size, growth rates, and other relevant factors.

Predictive Analytics uses historical data, statistical algorithms, and machine learning techniques to identify future outcomes. It doesn’t only describe what happened but rather focuses on predicting what might happen in the future.

Prescriptive Analytics is a step forward from predictive analytics, where it forecasts what might happen and suggests actions that could be taken to influence those outcomes and decision-making.

Technology intervention in health care has boomed the market trends upwards, leading to high investments by healthcare service providers in IT companies to digitalize healthcare solutions and an increased patient retention rate. For instance, deploying healthcare analytics can be beneficial for managing grants and donations given to the hospital, patient records, making appointments, insurance claims, etc.

By interlinking technologies and tying the knots with a Healthcare App development company, we can show substantial growth, maximize overall health and precaution, help build self-aware and strong youth, and facilitate ease of medical approaches to the old generations. The healthcare market has a lot to explore and the best to provide.

After a quick overview of the healthcare market, it's time to understand the budget and time needed to build an application.

Estimated Time and Cost to Develop a healthcare Application in 2024

Below, we’ll witness the different types of healthcare applications crafted for different situations. So, why wait much? Let’s explore the top seven healthcare applications, their estimated costs, and the time required to build them from scratch.

Electronic Healthcare Report (EHR): $200,000 to $1,000,000+

EHR is a trending software popularized for mentioning accurate information and maintaining accurate data. It is like a CRM, though it operates for analytical and historical records of medical, patients, and bills. This is a fully developed code to support clinical care. It primarily takes information from patients, such as their medication, medical history, and more, to treat them effectively without compromising their medical history.

The EHR Application is built on robust codes, and its cost is estimated at $200,000 to $1,000,000. Depending on the complexity and advanced customization, serving the tailored needs takes four to six months.

Examples of Top of Electronic healthcare report (EHR)

Epic Systems Corporation, Oracle Cerner

Telemedicine Software Estimated Cost: $100,000 to $500,000

According to the EMR’s Global Telemedicine Market Outlook, telemedicine is poised to reach around $ 173 billion by 2026, growing at a CAGR of 34% between 2022 and 2027. Telemedicine is a software solution that connects doctors to their patients remotely and provides exceptional online consultation. This innovation came into play after COVID-19 and was supposed to be there. If you cannot visit the doctor, you can simply access the internet connections on your desktop and mobile systems to schedule an appointment with your preferred doctors through phone calls, text, or video conferences. Building a telemedicine application can cost around $100,000 to $500,000, with a six-month to one-year time window.

Examples of Telemedicine Software

Doctor On Demand, Teladoc Health, MDLIVE

Appointment Scheduling and Booking Software Cost (Estimation): $50,000 to $150,000

Appointment scheduling and booking software are the foundation of revolutionized, tech-applied methods for scheduling appointments with doctors without visiting the clinic or the hospital. Patients can book, reschedule, or cancel the appointment through such applications for enhanced overall patient experiences.

If you’re looking to build an appointment scheduling and booking software application, the budget can be estimated at $50,000 to $150,000, with a three- to six-month time range.

Examples of Top of Appointment Scheduling and Booking Software

Acuity Scheduling, Calendly, Square Appointments

Hospital Management Software Cost (Estimation): $50,000 to $100,000

Enabling hospital management software reduces paperwork and structures offline work into online settings. It assists hospital administration in day-to-day operations and transforms each segment into a digitalized world. Hospital management software automates accounting, medical billing, claims, outpatient management, inventory, bed management, and other functions. This software often incorporates EHR to help simultaneously keep track of patient records. It takes around six months to one year to be built.

Health Tracking Applications Costs (Estimation): $25,000 to $350,000

Health tracking applications are built to monitor the healthy conditions of patients and users. They activate sensors that monitor your body to provide accurate data; for instance, if your body is dehydrated, it will give you a signal, or if there is a change in your heartbeat, it will update you and recommend what to do next.

These applications are useful for athletes and health-conscious people who believe in prevention and want to monitor their bodies to achieve something. If you’re keen to build a health-tracking application, it might cost you around $25,000 to $350,000, and the time required will range from six months to one year.

Remote Patient Monitoring Application Costs (Estimation): $50,000 to $200,000

Remote Patient Monitoring Applications come into play during COVID-19, when all medical systems are disrupted. These applications enhance patient engagement with doctors, accelerate online visibility, and facilitate remote check-up visits for chronic to acute diseases. These RPM devices have opened the doors for self-monitoring digital devices, which can help people take necessary precautions.

If you’re supposed to enter the market, the company's estimated price will be around $50,000 to $200,000; the rest depends on the type, functionality, and features. The time required is around six months to nine months.

mHealth Applications Costs (Estimation): $20,000 to over $500,000

Mobile health applications have become an indispensable part of our lives. They have transformed face-to-face meetings into virtual ones. If you’re facing an acute problem, you can consult with a doctor; there is no need to visit the doctor every time. mHealth applications are more focused on providing preventive cures and maintaining the balance in our daily lives. It works as a CRM for doctors to record data about patients and can proceed by keeping those data in mind easily. There is no need to check all those bulky files every time; just a single click can save time and many lives simultaneously. Building a mHealth application can cost you around six months to one year.

Factors Influencing Healthcare App Development Costs

Healthcare app development costs vary depending on various factors. It is simply like creating an application under your financial budget. Let’s find out the significant factors influencing healthcare app development costs.

Types and Complexity

The cost of a healthcare application depends heavily on its type and complexity. Building an appointment scheduling application might seem inexpensive, but telemedicine, mHealth, and advanced tracker applications can be expensive. These applications became expensive due to their complex language, tech stack, increased time, and databases. Apart from this, these complex applications are bound with advanced-level security measures that take a while to develop fully.

UI/UX Design and Development

UI/UX design has a separate fanbase as it provides exceptional user experiences and user interfaces while using the application. Custom user-friendly designs are tailored to meet the specific needs of the healthcare sector. These exceptional applications require dedicated long hours to complete complex designs and high-quality animations. Therefore, they play a huge role in influencing the cost.

Features and Functionalities

A healthcare application that requires basic features like scheduling an appointment, calendar reminders, and tracking will cost little. On the contrary, it'd cost a lot if it needed extensive lists of features and complicated setups like telemedicine, real-time data sharing, AI-based diagnostics, or integration with medical devices. This technology requires advanced development and robust support; therefore, it is at the top of expensive lists.

Maintenance and Updates

After a successful launch, maintenance, updates, bug fixing, and adopting new features remain common. Staying competitive and relevant to the industry is essential. Healthcare apps, in particular, need to pay attention to these details. The wider the maintenance and updates, the higher the costs would be.

Role of a trusted app development company to build a healthcare application.

After you have read half of the blog, where you explored the healthcare market, how much does a healthcare application cost you, considering the given time frame? Now, it becomes interesting to understand which app development company plays a vital role in building healthcare applications and what points need to be looking in software solutions.

Experience Expertise: A well-experienced software company would be the first pick, as it is directly associated with the product's market success. Companies with strong portfolios in the healthcare industry can provide you with a broader view of their application to make sure their products work excellently in all conditions.

Customization and scalability: When selecting the perfect partner for your application, ensure it courageously addresses two elements: customization and scalability. This guarantees that the application can be refined according to the tailored requirements and scaled drastically for business expansion.

Cost and Timeline: Cost and the timeline of the budget can adversely impact the budget. It is recommended that factors such as features and essential maintenance be considered while planning a technical project.

Post-Development Support: Healthcare development projects are usually long, as customer requirements change significantly. Therefore, it is recommended that companies provide post-development services to stay relevant and competitive in the market.

Healthcare application companies that match these criteria are the best-suited to understand your complex requirements and know how to convert them into dashboards and working applications, reducing operation costs exponentially.

How CodeAegis can collaborate with healthcare industries

After the shaking impact of COVID-19, the healthcare sector has paved the way for digitalization, and it has achieved dramatic acceleration, value, and recognition after the massive hit of the pandemic. CodeAegis, A Mobile application development company, appeared in the race to serve the best in the healthcare sector.

The industry is constantly evolving and driven by technological advancement, which enhances patient care, focuses on operations, and ensures smooth regulatory compliance. CodeAegis has emerged as the top-ranked IT company, dominating industries to create its own identity. Shall we move ahead? How it became possible!

In-Depth Market Research: CodeAegis has stayed ahead of the curve by conducting in-depth market research, which involves developing unique ideas and customized needs to understand consumer preferences and affordability.

Delivered custom-based Projects: CodeAegis is experienced in providing customized requirements, as per the business models and hospital requirements, which attracts service providers to choose them repeatedly.

Enabling New Technologies: We want our clients to stay up-to-date and face all challenges gracefully. We helped them with new and advanced technologies to keep them ahead of the curve.

Conclusion.

In 2024, healthcare applications will influence the industry with their unique solutions to problems. These innovations accelerate the transformation, ensuring robust opportunities to address the challenges.

Above, we understood that cost is associated with complexity, type of application, and how competitive it is to get maintenance support. From Electronic Health Records (EHR) to mHealth apps, each type of application plays a crucial role in enhancing healthcare accessibility, improving patient care, and streamlining operations.

In a world where technology and healthcare have become intertwined, the right application can be the key to unlocking better outcomes, leading to improved patient experience and care.

Frequently Asked Questions

Why should a healthcare sector choose a specialized app development company?

Healthcare sectors and technologies are tightly connected. Accelerating facilities into healthcare requires the constant support of IT companies. Therefore, to fulfill continuous and increasing needs, these sectors require a dedicated app development company that can understand their changing and customized needs over time.

What are the latest trends in healthcare app development in 2024?

The latest trends in AI and ML dominate the industry, including the interference of blockchain in securing data from temperance. Other trends, like IoT and big data analytics, are also reshaping the health industry to improve treatment and procedure.

What are the maintenance and post-maintenance costs of a Healthcare application?

Maintaining the application's health after launch is as essential as maintaining your patient's health. Healthcare providers or businessmen can allocate a specific budget of about 15%—25% to their initial application development cost annually to ensure the smoothness of the application.

How much does it cost to develop a healthcare MVP application?

MVP stands for the minimal viable product, and it is also an application with a set of limited options and features. The cost of developing an MVP for the healthcare industry can cost you a minimum of around $25,000 - $40,000.