Telemedicine is a widely used and great startup idea. In this guide, we will walk through all the key areas you need to know before developing a Telemedicine application. This includes the functional and technical aspects of the app. The key points on which we focus in this guide are as follows: The steps to develop a Telemedicine Application in 2022 The Cost incurred to develop A Telemedicine Application The different ways the Telemedicine Apps make money? The Benefits gained from Telemedicine Apps The Steps to Develop a Telemedicine Application in 2022 Stage 01 In this step, the Telemedicine development company would gather all the requirements to start the development of the application. This is the most essential and crucial stage of project planning. This gives an insight into the features and functionalities of the application. At the end of this phase, a detailed Software Requirements Specification (SRS) is generated. It consists of all the requirements of the Telemedicine application expected by the client. At the end of the initial phase, the following information about the application is generated: The specification requirements of the Telemedicine application The goals and objectives of the Telemedicine application Technology stack required to create the application Digital interface prototype of the Telemedicine application The MVP architecture of the application Timeline of the project development The budget of the application Stage 02 Once all the details generated in stage 01 meet the requirements of the client and are approved by the client, stage 02 begins. At this stage, it is all in the hands of the development company. It is the development stage. Based on the best practices followed by the company, they would start developing the application. At the end of every development phase, they would reach out to the client for approval. Also, the testing and debugging sessions would happen internally. Stage 03 Once the development, coding, and testing phases are completed, the deployment stage takes place. At this stage, the app would be deployed as per the customer's requirements. Finally, the business premises would have the application under execution. How much is the Cost To Develop A Telemedicine Application? Generally, the cost incurred for the Telemedicine application varies from $75,000 to $250,000. The cost depends on the features and functionalities included in the application. It also depends on the type of application, the complexity, the type of team, the technical requirements, and the location of the team. The following is the cost of the Telemedicine application based on the type of the application: Store-and-forward: $40,000 Remote monitoring: $55,000 Real-time interactive: $75,000 The following is the cost of the Telemedicine application based on the type of team involved: In-house Team: $170,000 Local development agency: $250,000 Freelancers: $38,000 Outsourcing development agency: $75,000 The following is the cost of the Telemedicine application based on the type of team involved: Australia: $160,000 USA: $280,000 UK: $180,000 Western Europe: $150,000 Eastern Europe: $75,000 South Asia: $45,000 How do the Medicine Apps Make Money? There are several ways Telemedicine Apps make money. The following are the key ways of generating money: Subscription Model Reference Model Franchising Model Advertising Model Subscription Model The subscription model collects monthly or annual payments from the users. It includes the subscription paid by both the patient and the doctor. This fee is collected due to using the app for consultation purposes. This plan can be either a membership plan or a quarterly-based plan including discounts as well. Reference Model The Reference model is about earning through referring to another party. A doctor or a patient could refer another user and generate more income for the app. This helps to keep the app growing in the market and gaining popularity as well. Franchising Model The Franchising model is about distributing the app to overseas users. So, that it turns into a global application. Doctors from around the globe could enrol to consult patients as well. This paved the way to consult a wide variety of consultation opportunities. So, as a franchise, the app can be distributed across many countries to generate more revenue. Advertising Model The advertising model helps to give more profits to the investor. Advertisers would contact the application representatives to display their advertisements in the app. Make sure there are no excess advertisements in the app as it decreases the user-friendly. What Are the Benefits of Telemedicine Apps? There are many benefits to developing a healthcare application. Their benefits are categorized based on the patients and doctors accordingly. Let's get to one section. Benefits from Telemedicine Apps for Patients High convenience: Patients can easily access the apps to get the necessary information. You can call the doctor and get the prescription right away as well. There is no paperwork and gives quick consultations for the patients Quick Solutions: Whatever the disease, the doctors would help you out in a few minutes. Patients can contact the doctor through the Telemedicine app and get the medicine in a couple of minutes. High Customer Satisfaction: If you get the cure for your disease within a few minutes, aren't you happy? That's all about the mystery of the Telemedicine app. You can speak to the doctor 24/7 and clarify the issues as well. Wider access to specialists and doctors: If you have to travel far away to get some doses, it is time consuming and expensive as well. But through the Telemedicine application, you can get the consultation of a doctor or specialist anytime. Benefits of Telemedicine apps for Doctors Time-saving: Due to the presence of the Telemedicine application, the doctor can check the records of the patient and the essential information. It saves the time of the doctor to raise inquiries for the patients. Efficient consultation: Since the app has all the necessary details from their names and records, the doctor can easily look through them and suggest the best medicines. There is no need to spend more time. Based on this method, the doctor can treat many more patients than in the traditional system as well. Consult more patients: As the doctor doesn't need to physically stay at a place, the patients can reach out to doctors anytime and serve more patients than usual. It is easy to consult the required specialists from anywhere too... Effective monitoring systems: The Telemedicine application has all the details of the patients, records, past visited doctors, their consultations, and detailed notes. Therefore, it is easy to find the needs of the patient and complete the consultation successfully. Conclusion In conclusion, we discussed the main stages for developing a Telemedicine application, and the cost of development under various criteria. While making an app, you need to know the different ways of generating money as well as the benefits achieved by the users as well. So, we hope this guide gave an in-depth description of all the pivot points in developing a Telemedicine application. If you have any queries about this blog Contact us.