How LaaS (Lending as a Service) Is Revolutionizing Fintech
Daria Lymanska
CEO & Founder
August 5, 2024
2
min read
With the never-ending evolution of digital technologies we can see in the last years, businesses can discover more opportunities and options to make a profit, reduce the cost of their operations, and attract/retain customers than ever before. Specifically, this thesis can be applied to the financial industry, one of the leading areas of which is lending.
For example, the independent source Global Data claims that the global digital lending services market will grow at a CAGR of 22.1% until 2030. At the same time, one of the most effective ways of providing such services is by using the Lending as a Service format. Below, we will explain what it is, how such solutions work, what their advantages are, and what impact they can have on the financial sector in the future.
What Is Lending as a Service (LaaS)?
In a nutshell, Lending as a Service is the delegation of all operations related to providing loans to its customers to a third-party provider.
The convenience of SaaS lending technology is obvious even at first glance: instead of independently learning how to manage risks and generally studying how the financial sector and related legislation work, businesses get the opportunity to remain focused on their key operations while expanding their range of services and making them more convenient and accessible to consumers. This approach also reduces the costs associated with the implementation of financial lending services without reducing their effectiveness.
How Lending as a Service Works
From a practical point of view, LaaS is usually presented in the form of cloud solutions that can be adapted to the individual needs of a particular business. Their functionality is available in real time, which means that businesses that have chosen this format of cooperation do not experience any inconveniences associated with delays and downtime.
At the same time, such solutions take on much more than just issuing loans according to the rules and restrictions pre-established by a particular company – they allow these companies to fully automate credit lending services and even speed them up compared to how it could be if they did it personally.
Benefits of Lending as a Service
So, let's formalize the advantages of fintech lending solutions for businesses.
Less time and overhead expenses. Companies that do not have the opportunity to pay attention to the implementation of lending can significantly benefit from outsourcing loan management. They will also not be forced to deal with tasks related to maintaining their credit platforms since all this will be the responsibility of their suppliers.
More information about customers. Any average Lending as a Service platform provides businesses with analytical data about their consumers, which can give them valuable insights into their income level, preferences, and other characteristics important for attracting and retaining them. In this way, businesses can significantly boost their efficiency.
Fewer risks associated with unreliable customers. Typically, the implementation of a lending service is accompanied by the development and deployment of internal Know-Your-Customer (KYC) policies, which may require businesses to become more familiar with how the lending industry works in general and what laws and rules govern it. Conversely, by entrusting all this to a third-party provider, businesses can gain time to solve more pressing problems.
Wider coverage of the target audience. The rapid implementation of lending services, which LaaS platforms can provide, allows companies to enter new markets and do this much earlier than their competitors. Thus, they gain an increased competitive advantage without the need for a radical modernization of their internal digital infrastructures.
Accelerated access to advanced IT achievements in the financial sector. Sometimes such a fintech innovation becomes a starting point for more serious updates in the IT infrastructure of a particular business. Indeed, by regularly interacting with LaaS solutions, companies learn more about new digital technologies and the possibilities of their application in a specific business niche, which, in the long term, can give them new ideas for automation and increase the efficiency of their other business operations.
Impact of LaaS on the Financial Industry
It is worth noting that LaaS has an impact not only on individual businesses that have decided to implement such solutions but also on the financial industry as a whole.
Since they actually connect financial institutions (banks), fintech companies, businesses engaged in sale of services/products, and consumers themselves, this interaction chain opens up colossal potential for benefit for each of its links. Indeed: banks get even more clients, companies involved in the development of fintech startups get useful knowledge that allows them to implement standard-compliant solutions, businesses get increased efficiency and adaptability, and consumers themselves get the opportunity to purchase previously unavailable goods and services.
In the long term, all this can lead to the obsolescence of traditional lending models and the opening of new opportunities for cooperation between all the above-described participants in the lending procedure.
Conclusion
If you are considering the digitalization of financial operations in your business and are looking for a reliable service provider providing fintech development services, feel free to contact us. We will create a custom digital banking solution adapted to the standards and generally accepted regulations of your business niche to ensure your company’s sustainability for many years to come.
Lending as a Service (LaaS) is when businesses outsource their loan services to a third-party provider. This means that instead of managing loans themselves, companies let an expert handle it, allowing them to focus on their main operations.
How does Lending as a Service work?
LaaS typically uses cloud-based solutions that businesses can customize to fit their needs. These services operate in real-time, enabling faster and automated loan processing without delays.
What are the main benefits of using LaaS?
The benefits of LaaS include reduced costs and time spent managing loans, access to customer insights, reduced risk, the ability to reach new markets quickly, and access to the latest financial technologies.
Are there any downsides to using LaaS for businesses?
While LaaS offers many benefits, potential downsides include reliance on third-party providers and the need for strong cybersecurity measures. Businesses should carefully select reputable providers to mitigate these risks.
Most likely you have used these digital tools at least once – Google Docs, Dropbox, and Azure. They are based on the SaaS model. Apart from this widespread one, there are other variations of cloud application services, such as PaaS and IaaS. You will find out about their differences in this article, so keep on reading it.
IaaS, PaaS, and SaaS: Pillars of Cloud Services at a Glance
The highlighted models – IaaS, PaaS, and SaaS – are aimed at delivering digital tools and services to end users through the cloud on the subscription basis.
According to each aforementioned cloud model, end users don't have to pay for these services and tools one time – instead, as they are owned and supported by a specific vendor, the users are provided with entry credentials as they pay for a subscription. Only a steady web connection is needed to start using such a cloud application. At the same time, entire maintenance efforts in terms of cloud services remain on the provider's side. Even more, users are allowed to optimize their own facilities by offloading apps. Thus, they get more space while specific info is stored remotely on a secured server.
Let's take a deep look at each of these variations:
IaaS – stands for Infrastructure as a Service and implies access to demand compute, storage, and networking resources, according to the pay-as-you-go pricing model. In this case, we speak about the IT infrastructure used to arrange the operation of diverse tools and regular processes in the remote, end-user’s office outside the vendor’s premises.
SaaS – means Software as a Service and supposes that the cloud-based software vendor deploys it on its computing premises, supports it, and provides users with access to it as a ready-made web service.
PaaS – stands for Platform as a Service and consists of providing end users with a ready-to-use cloud platform for developing, testing, and deploying their own applications, from simple cloud services to end-to-end industrial systems.
Let's check these cloud service models in more detail.
IaaS Is about Infrastructure
When the IaaS access option is requested, users get numerous facilities – servers, storage capacities, as well as network options, among others, – to leverage them as if those could be available physically within their own premises. Overall, the IaaS meaning lies in ensuring steady connection between the end users and IT facilities; the latter ones are located in remote spots.
SaaS Is about Services
This is the most sought-after offer that supposes using apps that are hosted remotely. Based on individual credentials, end users obtain access to such tools to cope with regular personal or business tasks. In return, they pay a predefined price for a timeframe of leveraging SaaS (usually, this is one year or one month). Thus, SaaS meaning is to guarantee straightforward access to specific software under remote and subscription terms.
PaaS Is about a Platform
It is a remote, cloud-hosted, platform aiming to produce, leverage, and support the operation of diverse apps. The facility holder owns all types of assets that guarantee steady operation. This is an all-in-one option comprising apps, systems, storage facilities, frameworks, functions, safety arrangements and protocols, backup copies, etc. PaaS meaning lies in forming a remote space where users can create, test, and run applications with specific functionality. For an oblivious reason, the PaaS variation is far cheaper in contrast when a user ensures all similar arrangements independently.
Public vs Private Cloud
But what about public vs private cloud – which of these options does each of the above models provide? A private option is entirely controlled by a single service provider without sharing the facilities with others. A public counterpart is offered to an unlimited number of external subjects who only intend to utilize specific offers. Most of the cloud providers are categorized as ones belonging to the second type.
But are there any intermediary options? Yes, there are hybrid cloud solutions, too, that are created and maintained on the so-called “edge” locations, i.e., thanks to both private and public facilities.
SaaS vs PaaS vs IaaS: Distinct Features to Know
Each approach from the SaaS vs PaaS vs IaaS trio is associated with distinct peculiarities. We will look at them from the user’s perspective:
IaaS
PaaS
SaaS
Hosting and management
Users can run separate virtual components
Users obtain certain managing functions feasible for steadfast app development
These tasks are fully on the provider’s side
Cases of utilization
Provides all the infrastructure to support web apps (storage, servers, and networking resources)
Perfect for creating various web and mobile apps
Suits perfectly for connecting to and using cloud-based apps
Scalability
Granular
Automatic
Remains after a provider
Customization and adaptability
High
Medium
Restricted
Payments
In advance
Vary
Subscription-based
Safety
Shared security obligations
Highlights safety at the extent of the target app
Host is in charge of hardware and data security – high level SaaS ensures all this to the full
Choosing the Right Model for Your Case
When the story comes to making a choice, there are numerous pitfalls to take into account:
Type
Benefits
Challenges
IaaS
Wide scope of control functions
On-demand scalability
Limited number of advance payments
Less delays and resources needed
Increased speed of operation
Data security is the user’s responsibility
Needs manual configuration
PaaS
Swift access to a ready-to-use platform with API integration
Host bears the responsibility for keeping up and securing the facilities
Steady connection to the web is expected solely
Scalable and per-request
Limited access to the most important elements
Limited powers over the cornerstone facilities, primarily infrastructure servers and internal operations
Less custom features
SaaS
Easy to install and start using
No need to think about any maintenance
Access from any place in the world (only the Internet connection is required)
Zero control over facilities and safety state of the chosen SaaS platform
Integration with third-party applications is not always available
Customization – from moderate to zero
Bottom Line
Leveraging software as a service is an efficient approach. It frees the assets owned by an end user and reduces one's expenses drastically. The single point is to have a clear overview of the project for which you request these external services. Therefore, you have to make a perfect match by saving this info with the comparison of sought-after models.
If you require further assistance in selecting personalized solutions, please do not hesitate to contact us. Our team possesses a vast portfolio that includes cases of bringing multiple IT solutions of different complexity into life. Just share with us your individual preferences and requirements, and get a custom solution in return.
The future of healthcare is digital. In 2022 alone, the global patient portal market reached $2.9B, as the Grand View Research reports. By 2030, it’s projected to grow even higher — at a CAGR of 19.44%. This trend reflects how public and private healthcare organizations strive to digitize paper documentation and automate everyday business operations.
Indeed, the stakes in healthcare are high. Even minor errors can lead to incorrect diagnoses and worsen patients’ conditions. This is where patient portal software greatly minimizes errors, particularly those caused by human factors.
Below, read on how to create a patient portal. We’ll analyze the target audience’s needs, dive into the most successful examples of its implementation, and examine the nature of the target audience's requirements.
What is a patient portal system?
An online patient portal is a web or mobile solution (usually for Android and iOS platforms) that gives patients access to medical records, helps schedule appointments in a few clicks, and easily communicate with healthcare providers at any time.
By automating the interaction between the parties via the patient portal, organizations can improve the quality of care while making their services more accessible and convenient for patients.
In particular, modern patient portal requirements are:
Fast and secure access to their medical data and records with guaranteed privacy protection.
High-quality medical services without the need to wait in long queues.
A clear understanding of the treatment plan and progress.
Healthcare organizations instead aim to:
Reduce their administrative costs – in particular, for maintaining paper documentation.
Maximize personnel efficiency without the risk of burnout.
Increase patient satisfaction through transparent interaction and remote patient monitoring.
Comply with the healthcare regulations.
Reach a new level of income by reducing expenses and attracting new patients.
That is why the patient portal system is the one-stop solution that, if implemented correctly, covers all the above-mentioned needs. This is typically achieved through the following features:
Access to medical records (including medical history and test results).
Appointment booking (with the option to select the date, time, and doctor).
Online consultations (for example, via video calls and chats with doctors).
Repeat prescription orders (automatic issuance of electronic prescriptions and reminders for refills).
Online bill payment.
Personal data management (including patient contact information).
Push notifications (reminders for upcoming visits, tests, vaccinations, etc.).
Educational materials.
Feedback tools (surveys for patient satisfaction and forms for submitting complaints, etc.).
Types of patient portals: Which fits your healthcare needs?
Generally, there are two global types of patient portals: integrated and standalone. The former is presented as a component of electronic health records (EMR/EHR) and is fully tied to the infrastructure of a healthcare facility. Integrated portals ensure uninterrupted data exchange between doctors and patients but, in the case of ready-made solutions, are limited by the functionality offered by the specific healthcare provider.
Standalone portals, however, come in two forms: SaaS and on-premise. The former are hosted in the cloud and are available by subscription, which is especially convenient for healthcare providers within small organizations. Their advantage is quick deployment and configuration. At the same time, their customization options are often limited.
As for the second category, these are software solutions installed on local servers of a specific healthcare organization. They provide comprehensive control over data but require significant infrastructure and support costs. They can also be difficult to scale and integrate with third-party solutions.
It is worth noting that every medical organization has its own regular processes and specific business tasks distributed among different departments. In particular:
The reception desk keeps track of patient records.
Laboratories collect, process, and store test results.
The finance department is responsible for payments and insurance processes.
Doctors and medical personnel work with medical records and appointments.
All the above processes can rarely be integrated into a single system, which makes it difficult to automate them using only one off-the-shelf patient portal. Moreover, medical institutions vary greatly in specialization (including clinics, dentistry, laboratories, hospitals, etc.), and ready-made products do not always meet their needs.
If we add to this the need to comply with regional security standards for patient data, it becomes clear that out-of-the-box solutions may not be viable. This is the main reason why healthcare organizations are increasingly resorting to custom healthcare portal development.
Patient portal requirements: Key features and functionalities
Now, let's check the main functionalities and features that should be integrated into a patient portal.
User authentication and access management system
This portal component uses OAuth 2.0 and OpenID Connect for secure login. It protects users' credentials and enables multi-factor authentication. Usually, developers provide multi-level access with restrictions based on user roles (including patients, doctors, administrators, etc.).
At the same time, when implementing role-based access, it is important to adhere to widely recognized patient data security policies, such as HIPAA and GDPR. Specifically, doctors and administrators should have full access to all patient data. In contrast, individual patients should only be able to view, edit, and delete their info.
Medical data storage
The storage is located on local or cloud servers using AES-256 and TLS 1.3 for data encryption. By the way, many cloud vendors have ready-made solutions for healthcare organizations that meet the standards of patient data privacy (including AWS HealthLake, Azure Healthcare, and others). It is also crucial to ensure that such storage is protected against data misuse and unauthorized access.
Integration with EHR systems
This integration is necessary for consolidating patient data. Thus, developers must adhere to FHIR and HL7 standards to ensure compatibility and data exchange. As for the integration itself, if we are not talking about legacy solutions, it is carried out through an API.
Finally, to ensure that the patient portal system complies with the requirements of the National Coordinator for Health Information Technology (particularly, the ONC's Cures Act), it is essential that the platform could get full access to the patient, with all the ability to edit and delete.
Appointment schedules, doctors’ cards, and telemedicine tools
The first two components involve creating a catalog with therapists’ information and a scheduling system where patients can book visits. This can be achieved through RESTful API to synchronize with hospital calendars. Also, integrating with trusted video communication platforms like Zoom Healthcare can facilitate direct communication between patients and doctors.
Automation of bill calculations and online payments
Online payments are processed through integrations with payment gateways like Stripe or PayPal. In general, they must support PCI DSS standards. As for the automated billing system, this is essentially a regular calculator that “pulls up” data on the cost of services selected by the patient and sums them up (minus insurance and benefits, if any).
Integration with wearable devices
This is necessary so that doctors can monitor the condition of patients in real time. To do this, developers use APIs to collect data from devices (for example, from Apple HealthKit or Google Fit, as well as more specialized IoT equipment). At the same time, they must also implement a mechanism for obtaining prior patient consent to collect personal data.
Messaging
It also makes sense to integrate a chat (with the ability to attach media files) for interaction with doctors, supporting end-to-end encryption (E2E) and using WebSockets protocols that provide real-time messaging.
User dashboards
The patient portal needs an interface for each user role. Basically, it should adapt the data and tools for doctors, admins, and patients. Among other things, it can also be enriched with advanced analytical tools. For example, Power BI or Tableau can be used to generate reports and visualize data (assessing attendance dynamics, treatment results, patient satisfaction, etc.).
How to develop a patient portal software: From concept to launch
When it comes to custom solutions, our telehealth website development services are provided in several subsequent stages. Let’s consider them in detail.
Ideation and requirements analysis
At this stage, our team consolidates the portal concept of custom healthcare portal development, according to your business goals, unique aspects of your internal business processes and IT infrastructure, the needs of the target audience, and an analysis of competitors’ strengths and weaknesses. Based on this blueprint, we create documentation indicating functional and non-functional requirements.
Architecture design
From now on, our patient portal development team has everything ready to define the project's technological stack (for the frontend, backend, and database) and choose a specific architectural approach. We also approve the necessary third-party Integrations (including EHR, payment gateways, telemedicine solutions, etc.).
Finally, we select tools and protocols to ensure our portal has a proper security level, including data encryption, user authentication/authorization methods, diagrams of interaction between components, etc.
UI/UX design
This stage involves building interface prototypes and gradually transforming them into a full-fledged design after usability testing. At the same time, our patient portal app development experts always take into account the requirements for the accessibility of the user interface. Basically, they are most accurately outlined in the WCAG 2.1 and ADA guidelines.
Development
Now, we can start working on the frontend and backend of the patient portal. Once individual functional modules are ready, we conduct unit testing to prevent hard-to-fix bugs at later stages of the project. This stage also involves the implementation of security mechanisms and integration with third-party solutions.
Testing and quality control
When the code base is ready, our patient portal development experts conduct rigorous testing, including functional, load, security, usability, etc. This stage ensures that the solution meets the best specs and software quality standards in healthcare.
Deployment and launch
Before launching the portal, we prepare all the necessary infrastructure, build a CI/CD pipeline, and set up a monitoring system. If needed, we can train your staff on how to use the portal. After all the previous stages are checked — we usually start deployment.
Post-release support and updates
To better understand its further optimization, our patient portal development experts regularly check the portal’s logs and metrics, collecting feedback. In addition, as post-release bugs are discovered, we fix them and, if necessary, implement new features.
Understanding the needs of your patients
A patient portal and medical website design should fully adapt to the target audience's problems. That is why it is essential to define them in advance. Based on our experience, we would like to highlight the following ones:
Long wait time when making an appointment. Patients often encounter long wait times in phone and in-person queues. A patient portal can help. It lets users book online appointments 24/7 and choose a specialist. In addition, it sends SMS or push notifications to remind patients about upcoming visits.
Lack of full access to medical data. Many patients are forced to visit clinics because healthcare organizations still document their test results manually. The patient portal gives access to electronic medical records, test results, and doctor recommendations, which can be easily downloaded or saved (for offline access).
Lack of understanding of the treatment plans. Patients may find it difficult to track their treatments' progress, which may result in forgotten, delayed, or canceled visits and procedures. To prevent this, portals display the treatment plan and the current status of therapy. In addition, patients get notifications about upcoming procedures, calendars, and recommendations, which is very smart.
Difficulties in paying for medical services. The need for patients to be physically present makes offline payments resource-intensive. Patient portals eliminate this headache with integrated payment systems, allowing users to view their payment history and current bills in just a few clicks.
Insufficient communication with the attending physician. In-person appointments to explain test results and treatment plans can be time-consuming for both patients and healthcare providers. Patient portals streamline this process with online chat and video calling capabilities.
Weak control over the treatment of chronic conditions. Patients with chronic conditions often lack convenient tools for regular monitoring. Portals can address this with real-time health data visualization, medication reminders, and appointment scheduling, as well as integrating with wearable devices for continuous data collection.
Low involvement in the treatment process.
Since some patients find it difficult to understand how their actions affect treatment results, the patient portal development team can also add interactive tools to the portal to track patients' treatment progress or provide educational materials. Gamification elements can enhance the effect.
Patient portal development challenges and solutions
In this section, we will analyze the most typical challenges of patient portal software development and the most effective ways to overcome them.
Ensuring compliance with regulations. Telemedicine hugely relies on strong data protection, first — to comply with laws like HIPAA and GDPR, and second — obviously, it is for patient trust. End-to-end encryption, role-based access control (RBAC), and multi-factor authentication are key practices, along with regular system audits and penetration testing to ensure security.
Integration with existing solutions in the organization's IT infrastructure. Many healthcare providers still use older systems that don't easily connect with modern software. To solve this, developers can build 'middleware' — software that acts as a bridge — to automate data transfer between patient portals and other systems, ensuring everything works smoothly.
Ensuring high performance and scalability. Many portals frequently freeze when user traffic exceeds the original design capacity. To solve this, developers can host the portal in a cloud environment that scales as users grow and use a microservice architecture to balance the workload across the portal's services. Additionally, they can optimize a database through indexing and caching.
Ensuring intuitiveness.
Since the target audience of patient portals is diverse (including the elderly, people with disabilities, and people with no technical literacy), there should be universal access to the full use of all portal functionality.To solve this, during the development of the patient portal software, the team should conduct user research and surveys to guide and optimize the software effectively. They should also adhere to the compliance of this software with the WCAG 2.1 guidelines.
Accessibility on mobile OSes. As patients increasingly manage their healthcare on digital devices, patient portals must offer a seamless mobile experience. Poor mobile optimization can lead to slow loading times and display issues. Developers can address this by building progressive web apps (PWAs) or cross-platform solutions, implementing offline access for key features, and optimizing content loading with techniques like lazy loading and data compression.
Patient portal software cost: What to expect
The cost of telemedicine app development depends on project complexity, the team involved in the patient portal software development process, geographic location, development timeline, and the scope of features. Let's examine each of the points that influenced the cost in detail:
1. Project complexity
Basic consultation apps with user registration, appointment scheduling, video calls, and messaging: $30K — $100K.
Advanced telehealth platforms with multi-user portals, integrated EHR, and health analytics: $100K — $300K+.
Telemedicine platforms with IoT/AI integration: $250K — $500K.
2. Team composition
A typical team for creating a basic patient portal usually includes:
2-3 developers: Where 1-2 are front-end developers, and 1 back-end developer.
The project manager: Tracks the project goals and wins.
QA specialist: Tests the app to make sure it works correctly.
3. Development timeline
The time it takes for patient portal software development also affects costs. Most telemedicine apps take between 2 to 6 months to develop:
Simple apps usually take about 2-3 months.
More complex apps may take up to 6-12 months.
4. Geographic location
American tech experts can be expensive. For example, a front-end developer might earn over $100K annually, about $8K monthly. He might charge between $70K — $80K for a three-month project.
Hiring remote developers can save you money. For instance, Eastern European developers or other regions often charge between $2,500 and $3,500 monthly. You can easily hire a similar team for about $30K to $40K for the same project.
If you want to find out the patient portal software cost in your case, please fill out this contact form.
Improving patient outcomes with data management: A case by Darly Solutions
From theory to practice — let's examine our relevant Darly Solutions experience through a top case from our portfolio.
In particular, we were approached by a HealthTech company specializing in consolidating unstructured medical data for organizations in the healthcare sector. They needed a custom digital solution to monitor clinical data.
Faced with a tight deadline and the need for high precision, we meticulously planned and assigned all the UX/UI design, web development, QA, and project management tasks. We also reviewed the team's work schedule, as some members had to work overtime. Finally, we carefully chose the technology stack. We settled on Angular, HTML, CSS, Docker, ngRx, TailwindCSS, NGX Pagination, and JSON.
Finally, our efforts paid off. We launched the product on time and met all design, functionality, and quality standards. As a result, the client has a competitive product with all the chances to thrive in the innovative telemedicine sector.
In general, the future of patient portal software development is closely connected with the fast development of modern technologies, such as:
Artificial intelligence and machine learning.
These technologies will personalize the portal and related healthcare services. AI-powered chatbots, including ones with recognition of human voice commands, will assist with scheduling appointments and answering FAQs. In advance, machine learning can also analyze patient data and symptoms to provide preliminary diagnoses. Blockchain. The introduction of blockchain technologies in patient portals can be aimed at more secure storage of their medical records and ensuring access to them only to authorized users. In addition, with its help, each interaction with data (adding, editing, and deleting) will be recorded, increasing the system's transparency.
Virtual and augmented reality. These technologies can form the basis of next-generation telemedicine solutions. In particular, in the future, patients will be able to interact with doctors at a distance without reducing the quality of service. AR interfaces will also help inform patients about upcoming treatment plans.
Internet of Things and integration with wearable devices. IoT solutions can provide end-to-end RPM in real-time (for example, portals will be able to collect and analyze data on the patient's pulse, blood pressure, oxygen level, and activity). Based on this data, doctors can receive instant notifications of critical changes regardless of patients' locations.
Big data and business intelligence. Examples of patient portals use big data to identify trends, such as tracking the rise in the incidence of a particular virus or assessing the effectiveness of treatments. Also, end-to-end medical data analysis ensures timely prediction of exacerbation of chronic diseases. Finally, doctors and administrators of healthcare institutions will be able to monitor departments' workloads and optimize appointment scheduling.
Biometric identification. Biometric mechanisms can give users access to the portal through fingerprint, face, or voice scanning, making the authorization process more secure and easier.
Conclusion
Now you know everything about patient portal development and can safely choose an off-the-shelf solution or search for a team to implement a custom one. If the second option is closer to you but you would not like to turn the search process into a real headache, you can contact us, and we will be happy to discuss the details of our future cooperation to implement your idea.
In the design and operation of digital products, it is essential to detect errors and ensure that these products fully comply with specifications (both generally accepted and defined by their owners). For example, in the field of healthcare, using such solutions directly impacts the health and life of patients and the level of efficiency of medical services. So, let’s delve into this topic.
Objective of Quality Assurance in Healthcare App Development
So, let’s find out why QA is important. In general, it is one of the integral parts of software development, especially in the medical field. After all, in the field of medical services, the fate of the patient's life and health is decided every day. Digital solution that looks and operates as intended (of course, thanks to the quality assurance benefits) provides the ability to prevent all potential errors as efficiently as possible and ensures that applications meet modern medical standards.
Regarding the importance of quality assurance in healthcare applications, the following points can be distinguished:
Safety of patients: At the heart of QA in healthcare software development is patient safety. The timely testing of healthcare applications that could impact a patient's health is a critical aspect. This includes verifying medicine dosage, ensuring the accuracy of diagnostic algorithms, and the functionality of the patient monitoring system. Any malfunction, even for a brief period, can lead to serious errors, underscoring the importance of reliability assurance.
Data privacy: The guarantee of absolute protection of patients' personal data from unauthorized access. Due to their specificity, medical applications regularly process a huge amount of information, so the introduction of modern encryption methods is critical.
Compliance with regulatory requirements: A number of modern healthtech standards like HIPAA and GDPR are created for a reason. Therefore, absolutely all software should be developed to meet these requirements. Civilized countries actively implement official app development rules. If these laws are ignored, it is undoubtedly a direct path to legal accountability, with all the attendant consequences. The implementation of reliable digital solutions reduces the chances of getting a fine or a lawsuit until the loss of a license.
Optimization of regular processes: The higher the efficiency of the application, the better the performance and accuracy of work within the medical professional team. In this way, medical staff can access the necessary information, thus minimizing the time spent on data processing. This guarantees both speed and high accuracy of decision-making regarding the further treatment of patients.
Risks Associated with Poor Software Quality in Healthcare
No one will argue that some medical institutions ignore the risks of using legacy software that doesn’t meet the modern healthtech regulations. However, this is a very serious and critical topic that can significantly impact patients' safety and lives and the effectiveness of daily processes.
Numerous errors, incorrect diagnoses, and, as a result, incorrectly prescribed treatment all directly threaten the patient's life and health. Also, do not exclude the occurrence of legal and reputational problems (fines or a prominent indicator of loss of confidence on the part of the public, both patients and employees of a particular medical institution). Unreliable digital solutions automatically complicates the interaction between employees. It leads to a decrease in the productivity of daily medical practice because it complicates the possibility of uninterrupted access to all necessary data and the exchange of information between departments and specialists.
Types of Testing in Healthcare Applications Development
There are different types of healthcare application testing, but the most common and popular among them are the following types:
Performance testing: It includes analyzing the application's speed of action and navigation, taking into account different levels of load.
Regression testing: It defines how much each of the module functions meets the requirements.
Security testing: It implies checking the protection of each patient's data from illegal access by unauthorized users.
Usability testing: This example of quality assurance in healthcare is designed to evaluate how user-friendly the application is, ensuring it is convenient for both healthcare industry employees and patients of all ages.
Healthcare app testing features are primarily critical, including the need for strict compliance with regulatory requirements and safety regulations.
The Future of Quality Assurance in Healthcare
Now, knowing the answer to the question: “What is quality assurance in healthcare?”, let’s talk about its future. Specifically, today, we can define three the most sustainable trends:
Implementation of AI and ML-based solutions aimed at automating the testing process, independently identifying bugs, and preventing them in advance;
Combination of DevOps and Agile, which ensures closer interaction between development and testing teams, ultimately reducing the number of bugs and speeding up their fixing;
Using cloud-based testing platforms that provide scalability of QA healthcare scenarios without compromising the budget.
However, in the coming years we can expect something more revolutionary than the actualization of the above-mentioned directions since the healthtech sector is actively invested in by both governments and private institutions.
Conclusion
Now, you know the answer to the question: “What is quality assurance?” and can understand the role of QA in software testing – generally speaking, it is crucial regarding ensuring patient safety and the performance of the healthcare delivery process. Minimizing risks during the medical quality assurance process and creating reliable medical applications are possible only through the use of modern technologies and compliance with all official standards provided by a qualified service provider.
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