Starting and running a healthcare business can be demanding and challenging. As the demand for healthcare services continues to grow, there is a rising proportional need for innovative and new ideas to address the challenges faced by the industry.
This article explores ten healthcare business ideas for startups that can disrupt the space if appropriately implemented.
10 Healthcare Business Ideas that Drive Disruption
From platforms to prescribe medicines to healthcare software development services operated with the help of virtual reality, the ideas mentioned here have the potential to make a difference in the lives of both patients and healthcare professionals alike.
Irrespective of the background, the following ideas can provide a starting point if looking into starting a new venture in the healthcare space.
1. Telemedicine Platform
Telemedicine has revolutionized the way patients and healthcare providers interact, making it easier for patients to access medical care from the comfort of their homes. Features in a telemedicine app are especially beneficial for those living in rural or remote areas who may have difficulty accessing healthcare services in person, as well as those with mobility issues.
A user-friendly telemedicine platform must be developed to ensure a smooth and secure experience for both patients and healthcare providers. This could be a website or mobile app that includes secure video-conferencing and data-sharing tools, which are essential to guarantee doctor-patient confidentiality. This platform should also have a feature to allow patients to easily book appointments with their healthcare provider and provide them with the necessary information to prepare for the consultation.
In addition, the platform should offer the ability to store and access medical records, as well as provide an easy way for healthcare providers to prescribe medications and send treatment plans to patients. This would ensure that patients receive the care they need in a timely manner and that healthcare providers can easily monitor and review their progress.
Apps such as Doctor On Demand, Practo, and MediBuddy are a few examples of telemedicine platforms enabling patients to get immediate remote care.
Read our case study on how we built an online video doctor consultation platform along with an online pharmacy solution.
2. Personalized Medicine
Another healthcare business idea is to develop an approach that uses a patient’s genetic information to tailor medical treatments to specific needs through a mobile application. The business involves identifying the most effective treatment options for a particular patient based on their unique genetic makeup through genetic testing. This approach can help to improve the effectiveness of medical treatment and reduce the risk of adverse reactions to medications through allergies or incomplete medical histories.
To execute this, healthcare providers would need to develop a platform that collects and analyzes the patient’s genetic information while also providing personalized treatment recommendations to them. The patients can make use of the mobile application to view the results of the genetic tests done, while the healthcare professionals can make use of a web application to feed in the data collected. The analysis for this healthcare business opportunity can be hosted on cloud services, allowing healthcare startups, businesses, and entrepreneurs to focus on dealing with the bureaucratic nitty-gritty of the business idea.
Also, Read: The evolving role of healthcare information technology in health & wellness
3. Medical Tourism
Providing medical tourism services could be a great option for those looking for an innovative business opportunity. This could involve helping people travel to different countries for medical treatment at lower costs. To do this, medical providers would need to research and identify high-quality medical facilities in different countries and establish partnerships to offer treatment at subsidized rates.
Additionally, a system to help customers plan and organize their medical trips, including arranging transportation and accommodation, should be in place. This business could be offered as a subscription, with multiple tiers of features at a fixed and nominal monthly or yearly fee. By doing this, people will access specialized medical care unavailable in their home country while saving money on healthcare bills.
Medical tourism apps such as GapDoc, Medigo, TravelDoc, GetTreated, and GloboMD are a few startups working towards medical tourism.
4. Virtual Reality Therapy
One in four people experiences mental health issues at some point in their lives. This calls for innovative solutions to support those in need and open up opportunities in the healthcare industry. Virtual reality technology in healthcare is effective in treating a range of mental health conditions, including anxiety, phobias, and post-traumatic stress disorders. It can also be used to aid physical rehabilitation following major injuries or surgeries.
SoluteLabs specializes in providing services to develop virtual reality environments that provide therapeutic benefits to patients. We use specialized software and hardware to create immersive experiences tailored to each patient’s needs. By developing therapeutic content and protocols, one will be able to provide effective treatment for a wide range of mental health issues. This approach is shown to be highly effective in treating patients and improving their quality of life.
A meditation app, Calm is a recently launched app and a Unicorn. It helps users reduce anxiety and sleep better with meditation, stories, and music.
5. Health and Wellness App
While the Google Play Store and the Apple App Store spam wellness apps, most lack the personalization that genuine care conveys. Imagine creating a mobile app that provides users with personalized health and wellness support, including fitness tracking, healthy eating plans, and stress management tools. The app can also give users access to healthcare providers for consultations and advice.
For this, a user-friendly app would be best, ensuring accessibility to a wide range of users, and SoluteLabs’ mobile development services can make your healthcare app development much more straightforward. All such technological-related advanced needs require using advanced algorithms and machine learning techniques to provide personalized recommendations to users.
HeadSpace is one of the most popular health and wellness apps offering mindfulness, exercise, meditation, and health tracking.
Read our Case Study on how we developed a preventive healthcare app — Remedy Social
6. Medical Transportation Service App
The medical transportation service application is an application for ambulance dispatchers and staff. Such an application can primarily be used for non-emergency situations. It can help patients digitally book their medical transport.
This healthcare business idea for startups revolves around a business that provides non-emergency transportation for patients to and from medical appointments. This service can be beneficial for patients who have difficulty getting to and from medical appointments on their own, such as elderly or disabled individuals.
This idea will require a system for scheduling and coordinating transportation services and employing a fleet of vehicles and a team of drivers. The developed method could connect drivers and their four-wheelers with related patients/persons in need, similar to cab-hailing services.
Implementing this profitable business idea as a mobile application can help drivers and patients connect easily. The mobile app should be able to take in the details of the person in need and store them in a database for future requests. Once a transport request is raised, the app should identify the drivers available nearby and connect them with the patient.
Tap2Ride and Medical-Transport are two apps working towards providing medical transportation services.
7. Home Healthcare Service
Consider a business that provides in-home healthcare services such as nursing, physical therapy, and assistance with daily activities. Such a healthcare service can be a convenient and cost-effective option for patients who need medical care but prefer to receive it in their own homes with family. A platform that can network healthcare professionals who can provide in-home services and establish a system for scheduling and coordinating those services based on patient needs. A web application can be the perfect choice for such a healthcare business opportunity.
SoluteLabs’ healthcare software development services across multiple frameworks can help healthcare startups, businesses, and entrepreneurs get their healthcare-related apps up and running in no time.
Ayushya healthcare and AlayaCare are two of the many applications working toward providing in-home healthcare services.
Also, Read: Patient Engagement Software — Entrepreneur’s Guide
8. Biomedical Waste Management
The Biomedical waste management app is helpful for medical professionals such as nurses, doctors, veterinary staff, pharma professionals, and other medical staff handling biomedical waste. This app can help track biomedical waste generated and ensure it is collected and treated properly. The app could give government authorities the details of the generator of waste, the collector of waste, the waste treatment facility, and the waste treatment operator.
Effective waste management is a costly affair. When conducted improperly, it can lead to incorrect waste disposal with adverse effects on its surroundings and the environment. This current improper waste disposal condition calls for a healthcare business opportunity that collects, transports, and disposes of medical waste in a safe and environment-friendly manner. Such a service can help healthcare facilities to comply with regulations and reduce their environmental impact.
For this, system development for collecting and transporting medical waste and linking them to secure disposal facilities will help. Considering this is a B2B idea, a web application would be the best implementation. Healthcare businesses can sign themselves up for services and raise an alert on the platform as and when they need their medical waste to be disposed of.
Biomedical Waste Management Le is designed by the Department of Hospital Administration and All India Institute of Medical Sciences, New Delhi. This app is helpful for medical professionals who plan to handle medical waste responsibly.
9. Genetic Testing and Counseling
Adding on to our previous idea on personalized medicine, many could consider developing a business that provides genetic testing and counseling services to help people understand their risk of developing certain medical conditions through a web or mobile application. Such an online healthcare service can help individuals make informed decisions about their health and reduce their risk of developing genetic conditions later in life.
For this, the need to establish a system for collecting and analyzing genetic samples and a team of trained genetic counselors who can provide personalized advice to clients is a must. Also, the services offered are accurate, reliable, and compliant with all relevant regulations.
ShareDNA is an app that enables patients and individuals to understand the risk of hereditary diseases and make informed decisions.
10. Telemonitoring Service
Imagine a business that uses remote monitoring technology to collect and transmit patient data to healthcare providers, allowing them to monitor patients’ health from a distance. This service can be helpful for patients with chronic conditions who require ongoing monitoring and support, as it allows healthcare providers to track their health and provide timely interventions if needed.
A platform that can aid in collecting and transmitting patient data to partner with healthcare providers to monitor and support patients. Such a healthcare business will also need to ensure that its system is secure to ensure confidentiality.
Apps such as Remote Patient Monitoring help patients connect with doctors remotely. IoT has made telemonitoring possible.
We have barely scraped the surface with these ten healthcare business ideas mentioned. There are many more profitable business ideas for healthcare that many can ideate to build a startup around. Such innovative healthcare startup ideas can help to improve the quality and accessibility of healthcare services and make a positive impact on the lives of patients around the world.
Also, Read: IoT in healthcare: Applications, benefits, challenges & Future!
Conclusion
SoluteLabs is a leading technology company that provides cutting-edge solutions for businesses and organizations. We offer multiple healthcare software development services to ease your healthcare app development process, such as web app development and mobile app development, UI/UX design, and cloud services. Irrespective of whether you need a new application to help streamline your operations or an existing system to be redesigned and improved, our experts can help you build an efficient, scalable, and revenue-generating product.
Our product engineering team is experienced in building high-performing, scalable, and real-time healthcare applications. We will ensure that your healthcare app complies with relevant laws and regulations so that you can focus on your healthcare business idea.
From custom software development to data analytics and cloud computing, SoluteLabs offers a wide range of services that can help businesses of all sizes and industries improve their operations and drive growth. Whether you need a comprehensive digital transformation strategy or want to improve a specific aspect of your business, SoluteLabs has the expertise and experience to help you succeed.
Schedule a meeting with our healthcare developers today to discuss how our experts can help you with your healthcare business.
Originally published at solutelabs.com.