At a 9.3% CAGR, the global electronic health records (EHR) market size is expected to reach USD 52.98 billion by 2027, according to one of the numerous estimates that are now circulating online and showing the enormous growth that the EHR market is experiencing. These reports appear to be confirmation that electronic health record systems are here to alter the medical business if you look at how healthcare digitalization has developed, particularly during COVID-19 where digital mediums like video call e-prescriptions, and e-documents became the norm.
The entire ecosystem is impacted by developments in the healthcare sector like telehealth, CRMs, and EHR software development. Every stakeholder, from patients and physicians to the business owners that create these EHRs, benefits from the approach.
As we continue reading the post, we will examine these EHR system advantages as well as some operational aspects, such as the many types of EHR systems, how they operate, how to construct an EHR system, the top features, and ultimately the cost of developing EHR software.
What is an EHR System?
The building of an electronic health record is the focus of our post on today’s discussion of EHR system development. An electronic health record is a fully digitalized piece of software with a wealth of patient health-related data. Typically, it involves
- Medical history
- Vaccination details
- Test results
- Vital signs
- Lab data
- Progress notes
- Insurance information, etc.
EMR is a phrase that frequently appears as an alternative when discussing what an EHR system is. Although they are sometimes used at the same time electronic health records and electronic medical records are different from each other.
An electronic medical record is a clinic’s internal digital copy of a patient’s chart. It includes the patient’s medical and treatment histories from a single practice. EMRs cannot be shared beyond the clinic, however, EHRs can be shared with labs and other healthcare providers.
Types of EHR systems
Electronic health record systems typically come in two flavors, both of which are essential for understanding how to construct an EHR system.
- Physician hosted – This EHR type stores data on the computers of the treating physician. In this case, the doctor is in charge of all the details like purchasing, installing, and maintaining the equipment.
- Remotely-hosted – With this type of EHR, the server is located away from the doctor’s office. In other words, doctors are not in charge of maintaining and managing the patients’ data. The advantage of this EHR type is that the doctor just focuses on data collection rather than IT system management.
The Benefits Of EHR System For Primary Stakeholders
Now that you are somewhat familiar with the idea of developing an EHR, let’s examine the Benefits of EHR Software it provides to the three main stakeholders—businesses, hospitals, and patients.
Potential for new possibilities
One size does not fit all when it comes to the EHR sector. Every healthcare business, regardless of size or geography, has varied needs for EHR software. This implies that there is always room for fresh business model innovation.
Various methods of monetization
EHRs have a variety of monetization options available, including subscriptions, free software with paid features, and pay-per-use. The creation of EHR systems is incredibly profitable due to the variety of monetization options available.
Improved operational effectiveness
No matter the EHR system type you select, it has the advantage of doing away with the need to manage paperwork like bills and reports. Within seconds, the system may be searched to find any patient information. With the level of digitalization that EHR promises, it will also be simple for doctors to maintain patients’ medical histories, prescribe medications, and obtain data from the lab.
Reduced possibility of medical mishaps
The program for electronic health records contains comprehensive patient data and data analytics-driven medical insights that alert healthcare professionals about erroneous dosages, unpleasant responses, and the potential impact of drug interactions. This has the effect of reducing the likelihood of malpractice and health problems.
Each carefully thought-out EHR system design includes a variety of security safeguards, including session termination automation, digital signatures, encryption, and multi-factor authentication. With this kind of security in place, there is no danger of software being compromised.
The Must-Have EHR Software Requirements
There are several elements or requirements that are common to all EHR system development processes, even though each EHR solution is tailored to the specific functionality and demands of the medical facility.
- Document management
By providing an easy-to-use documentation tool, the main goal of EHR application development is to improve patient care. Documents in various formats, such as images, text, and DICOM (the standard for MRT and CT images), should be simple for patients and clinicians to upload.
- Patient information
The EHR system often contains the patient’s personal information, including full name, address, diagnosis, test results, a list of their prescription medications, and other vital details that provide insight into their health
- Prescription administration
The e-prescribing capability allows clinicians to remotely prescribe medications to patients while also accessing their medical records to check for drug interactions. Patients, on the other hand, have access to the history of their medications.
- Data access management
Multiple data access control measures must be in place for an EHR system. The idea that no two persons (across different levels) should have access to the same data—for instance, nurses shouldn’t have access to the same data as a doctor—is one that our EHR developers constantly bear in mind.
- Making reservations
The EHR software facilitates the scheduling of appointments between patients and their physicians in a timely manner. In contrast, physicians are presented with a dashboard where they can access appointments and patient information.
Reporting is really important when you’re trying to figure out how to make your EHR better. It helps doctors and nurses by providing a complete overview of treatment like how many treatments they’ve had, how successful they’ve been, and how everything is going as per the treatment.
Each healthcare facility has a system that takes care of all the billing, claims, rejection, and service payments. EHR technology makes it easier by automating these processes. Plus, a lot of EHR systems now offer payment options so you can pay for your own medical care.
How To Build An EHR System?
Let’s proceed to define the developmental stages. We will begin by validating our ideas and understanding the steps to Create EHR Software:
We verify its authenticity before learning how to construct an EMR program. We do receive a number of inquiries from our clients about developing custom EMR software. We then assess its likelihood and potential. In order to design a customized EHR system, we must be sure we can.
Start with comprehending the client’s needs. Make a list of inquiries you have about the creation process. We can obtain a good picture of what our customers want by asking them these questions. It clarifies any assumptions a client may have about their EHR system.
Discovery and Prototype
Let’s continue with the discovery phase of EHR development. You must create a flowchart of the processes and procedures for this. It entails explaining the development technologies and the characteristics of the EHR software.
It’s crucial to understand the technology stack. Our company’s developers will choose the technologies used here. These are the technologies that will be used to continue the development process. Cost estimation is also involved in the construction of EMR software.
We can begin developing EHR after the business analysis and estimation are finished. Creating a prototype first will aid in your comprehension of the software’s operation. Additionally, it will assist you in learning how to improve it.
Design and Development
Designing comes next in the software development life cycle. A rough design of the EMR software can be made by the requirements. We then select how to develop the initial solution design.
Create the major segment modules using a service-oriented architecture. The development of these modules will advance EHR.
Testing and Debugging
The quality assurance team finds the flaws throughout the testing phase. They follow the development process, examine the design, and keep an eye on other processes. They also know how to create a more advanced electronic health record system.
The goal is to determine whether or not an EHR software meets the need. Testing must go on up until and unless the development objectives are met by how the EMR program functions.
Launch and Maintenance
The method used to develop EMR software is unique to the needs of the user. So, we introduce the product into the appropriate market and environment. This enables us to comprehend where and how to modify the overall solution.
We start by releasing the MVP version. Analysis of the performance and feedback are the goals. With a little knowledge, changing EHR system development features are simpler. To scale the features up to the demands, we can add, remove, or alter the ones that already exist.
Things To Consider When Building An EHR Software
Even though the steps involved in developing an EHR system are quite straightforward, the process might become challenging due to the numerous components it contains. Let’s examine a few of those factors.
Preparing the certifications and compliance for the EHR
An EHR must be designed to comply with several regulations, including HIPAA, GDPR, CCD, HL7, and others, in addition to certifications like ONC-ATCB and EuroRec. Without these rules, certifications may incur expensive fees as well as leave the EHR system vulnerable to security breaches.
Work on the EHR’s mobile version
When you introduce a mobile EHR, you make it simple for patients and doctors to connect while they are on the road, even though the web version of the program is a requirement. Additionally, the mobile EHR encourages patient participation in their care.
It becomes crucial to migrate all the necessary data into the new program when switching from your current EHR system to one that supports cloud-based storage. When migrating, it’s crucial to use a milestone strategy where data is sent incrementally, guaranteeing perfect seamlessness.
Monitor the effectiveness of the EHR System
Monitoring an EHR system’s performance is essential to ensuring its continuous success. At Appinventiv, we assess the system’s usability using criteria such as –
- Physicians’ ease of use of EHR ROI calculations
- Based on patient feedback, the quality of the care
- Assessing the EHR’s quality
Let’s move on to the one factor that directly affects you as an entrepreneur or business leader – the cost of EHR software development. By this point, you should have a decent idea of how to build an EHR system for your healthcare firm.
How Much Does Cost To Create an EHR Software?
The price of creating an electronic health record software relies on a variety of things, including the number of platforms, the team and resources available, and the feature set. And while these differ from project to project, some MVP-level characteristics never change.
the typical fee a company that develops healthcare software would charge is – The hourly rate will be between $50 and $80.
- Web-based EHR platform – $41,450 – $66,320
- Mobile EHR platform – $60,600 – $96,960
It’s vital to keep in mind that the advanced version of an EHR will have a different/upgraded set of data, even though these development hours and price ranges are exclusive to the MVP version. The advanced EHR version has the following characteristics:
- Auto-scheduling: This can be one of the cutting-edge features that distinguishes your EHR system. The program would be able to maintain track of the doctor’s appointments and handle the impending ones on an automatic level by including an auto-scheduling feature.
- Vendor selection: Each healthcare facility works with a variety of vendors. It can be difficult to keep track of them and separate them based on their location, price, etc. An EHR system can be useful in this situation. Clinicians will be able to manage the tasks better if the program has a vendor filtering and tracking tool.
- Customer Relationship Management: The degree to which patients have adopted an EHR is a key factor in determining its success. It is essential to incorporate a CRM in the program that has a chat option, view report, raise complaint feature, newsletters, push notifications, etc. in order to fulfill this goal.
- Integration of cutting-edge technology: To make their system more safe and cutting-edge, a number of EHR software are experimenting with integrating technologies like blockchain and artificial intelligence. This integration does, however, come with a price and a longer schedule.
These are only a few instances of the elements or improvements in the software development process from an MVP to an advanced one. The financial effects of these can be as follows:
- MVP level EHR cost range – $41k to $97k
- Advanced level EHR cost range – $50k to $120k.
How Can A Healthcare Software Development Company Help With Your EHR Project?
Always choose a software development company that has contributed to the conception and engineering of more than 30 EHRs, both patient and hospital-facing. To create an effective EHR system that complies with all rules, their development staff must be knowledgeable of the healthcare compliances required.
They should be able to assist you in developing and implementing an effective EHR in your healthcare systems while also providing the assurance of high security, scalability, and interoperability. You need to contact the appropriate group of healthcare domain experts to start your EHR journey.
So, this is how EMR software is made. Every detail is significant. testing, utilizing the appropriate technologies, and idea appraisal. If you successfully complete all of these duties, the construction of the EHR system will be flawless.
The administrative system is streamlined. Processing and management are aided. Overall, it will support the expansion and success of any healthcare facility. They will gain knowledge on how to create a productive EHR system. If healthcare software development services are implemented properly, these systems give a tremendous return on investment.
FAQs Related to EHR Development
What is an EHR Software?
An electronic health record is a fully digitalized piece of software that holds a wealth of data about a patient’s health, including their age, vaccination history, medical history, list of prescribed medications, and more.
How much does it cost to build an EHR System?
Well, there cannot be one fixed answer to it. Depending on the feature sets and technology stack, a number of platforms, can range anywhere between $40k to $100k.
What are the things that I should keep in consideration when building an EHR?
An EHR system’s success and continuity are impacted by a number of factors. elements such as the availability of a mobile version, compliance preparedness, proper data migration, etc. Please get in touch with our healthcare developers if you want to fully comprehend these components.