A Step-by-Step Guide to Building a Stable MVP for Your Healthcare Business

While telehealth and telemedicine platforms were available even before, the lockdowns, risk of infection and isolation contributed to people starting to adopt telemedicine apps right from the comfort of their homes.

From automating mundane administrative processes to providing deep insights into medical records, technology evolution is improving health outcomes, care quality, and helping the healthcare sector to achieve unparalleled efficiencies.

The adoption of mobile apps in the healthcare sector is also gaining momentum. Patients and medical professionals are comfortable sharing their data on a mobile app because they feel confident that telemedicine, telehealth and mhealth apps are following HIPAA and HL7 security protocols.

Statista reported that the market value of medical software suites has increased from $79 billion to $206 billion from 2015 to 2020.

It is a great time to start a healthcare business in EHR/EMR, telehealth, telemedicine, and other fields. This is the best time to kickstart your startup business in the healthcare sector. Talk to an MVP app development company specializing in creating healthcare software to chalk out a detailed plan driven by agile and lean methodology.

If you have doubts regarding developing a healthcare MVP product, let’s discuss 7 key benefits to convince you to invest in an MVP product.

Top 7 benefits of healthcare MVP

Everyone is doing it:

Look around and you will see that every big business started small. Right from Amazon, Uber, Google, Practo, and many other startups invested in an MVP product first and later moved to a complete product in increments.

Reduce time to market:

Things are changing rapidly in the healthcare sector. Customers need software that is required today and not yesterday. Along with developing essential features, pay attention to wearable technology integration into your app. You can start with a minimum viable product with a feature that is applicable now and then launch your product. Post feedback, you can plan future iterations.

Low risk and cost:

Both costs and risks are low here. You do not have to spend your entire budget at once and plan a minimum viable product with an MVP software development company like Knovator Technologies. Determining risks, non-visible costs related to servers, marketing, maintenance, and staff salary plays an important role in a startup business. With an MVP, it’s possible to plan your complete expenditure in stages, get better ROI and customer focus

Fast consumption of the product:

MVP contains limited features and customers can quickly consume the content and purpose of the MVP. You can create marketing plans for customer segments and target other potential customers to generate ROI from your MVP business. Loyal customers will also give feedback on the features they like and their future expectations. On the other side, your development and support staff will also be more focused and clear on their roles. It’s a win-win for all the users associated with the startup business.

Get noticed by investors:

If a startup is doing well, investors notice. You can persuade investors with your idea and your plans. You can include customer and staff voices and pitch various stages of your future plan. As it is an MVP product, you will be able to create a good and focused pitch and make a better impression with real-time data insights.

Flexibility:

Due to a limited scope, you can always go back to the drawing board and make changes based on market scenarios and government regulations.

Connect with customers:

If customers start to advocate your product, your job is done. You can talk to your customers and collect digital footprints. Customers can give your real feedback and insights that will help you make informed decisions on your startup business.

Feeling confident about developing a healthcare MVP? Before you choose an MVP app development company like Knovator, you must book a free consultation and ask about their MVP development processes. Typically, you will find that an experienced MVP software development company will follow a 5-step methodological process as described below:-

Also Read : Top Telehealth Business Ideas

Top 5 processes a Healthcare MVP development company will follow

Conduct market research and ideation

An experienced MVP development company will have IT expertise and sound market knowledge in the healthcare sector related to telemedicine, remote patient monitoring, patient engagement solutions, prior authorization system, healthcare mobile applications, EHR/EMR software, analytics, and many more.

Knovator Technologies has extensive experience of collaboration with healthcare businesses like providers just like you and is aware of what is trending in the market concerning your budget and time to market. As an example, you might know or not know that your software must be HL7/FHIR/HIPAA compliant.

An experienced MVP app development company like Knovator Technologies will know about customers, their personas, their response to a healthcare web application or mobile application, and what will work best in terms of UI/UX/features. You will also get a consultation from competitors and ideas on how to make your MVP product different from them.

You must discuss how the MVP product solves customer issues, participate in an ideation workshop and create a product backlog for your MVP that can help you prioritize features.

Suggest feature package

For an MVP product, you need the best of both the “worlds” – web and mobile application. Your application should be compatible with all web browsers, responsive, and updated all the time. Your mobile applications should be minimum available for both iPhone and Android devices

For patient-facing telemedicine app development, the following features are recommended:

• Profile creation and schedule appointments with a doctor
• Real-time vital tracking
• Report availability
• Medical records assessment
• Chat support
• Payment gateway system
• Integration with Apple or other watches [Depends on the budget but good to have]

For doctor-facing telehealth app development, the following features are recommended in an MVP product:

• Appointment management
• E-prescriptions and automatic follow-ups
• A medical report upload feature
• Text, audio, and video chat with patients [Depends on the budget but good to have]

Budget and resource planning

Once you finalize your budget, you can then plan to hire an experienced MVP software development company like Knovator to start development. You will get a better fit for your budget when you hire an experienced healthcare IT development Development Company.

MVP development

Your focus should be to adopt a lean and agile approach with your development company and launch the MVP product as soon as possible. An MVP app development company like Knovator will not compromise on the software development life cycle stages like UI/UX design, prototyping, development, incremental roll-out, and will iterate based on your feedback, and make changes based on insights during MVP development.

Post MVP launch support and care

Knovator will run scheduled maintenance deployments on the server and suggest timely technology renovations to ensure your product remains top-notch and customers’ favourite in the healthcare genre.

How much does healthcare MVP development cost?

How much healthcare MVP development costs is one question you must be eager to know about and here are insights from the IT industry. You are required to invest your time, effort, and finances in an MVP development

Here is the high-level estimation and you can talk to an MVP app development company like Knovator to customize your budget based on features and resources.

• Time estimation: 3 to 6 months
• Investment: $30,000 – $50,000
• Resource requirement: Based on scope, concept, and features

The above pointers are only estimations for startup owners looking to launch an MVP product. Your budget will depend upon the size of the team, location of the development team and the skill level required for the development and the feature.

If the time is short, your budget will increase as a highly experienced team of project managers, software architects, business analysts, DevOps developers, certified business and technology testers, and a scrum master will be deployed for your MVP project.

Moreover, you also need mobile app developers, UI/UX designers, and content writers for your project. For a detailed estimate, you can contact Knovator – an MVP app and software development company today.

Conclusion

If your app is successful, keep on improving through feedback, insights, and iterations. Healthcare is a competitive segment and you must focus your synergies post MVP launch also. Talk to doctors, patients, and clinical staff and you will find wonderful things about your product that you are not aware of.

Hire an experienced MVP app and software development company like Knovator Technologies and get valuable suggestions and consulting to make your product stay ahead of the competition. Good luck and have a happy and growing startup!