Where to Find & Hire the Best Healthcare Software Developers

Where to Find & Hire the Best Healthcare Software Developers

Nowadays, investments in healthcare digitalization became more and more reasonable decisions. Medical institutions using up-to-date technologies to advance patient care and improve their revenues. Partly, the reason is in the technical progress, but also in recent events connected to the COVID-19 pandemic. But where do these businesses should look for reliable healthcare software developers? In this article, we gathered information so you can make data-driven decisions.

The Healthcare software and IT market are growing with incredible speed. Predicted, the compound annual growth rate (CAGR) will exceed 15% during the next few years. The global healthcare IT market will reach USD 530 billion in 2026.

Healthcare information technology market

Patient care improvement through virtual care, reducing expenses, and upgrading the administration process are driving the interest in new technologies. As a result, healthcare companies are actively investing in management software.

Virtual care is revolutionizing medical management. For example, EHR (Electronic Healthcare Records) and EMR (Electronic Medical Records) systems are gaining more popularity. These tools revolutionize medical management. They allow keeping all sensitive data structured, secured, and gathered in one place. Basically, clinical management takes 11,8% of the healthcare IT market.

Source: Global Market Insights

Likewise, the analytical sector of the market is showing steep growth. Healthcare organizations are improving operational processes using the newest technologies. Among trends – predictive analyses.

AI-based solutions can forecast the number of clinic’s patients, medical tools availability, and more. There are also ground-breaking AI tools that help doctors in diagnostics based on historical data and Computer Vision.

Also, AI and Computer Vision help to translate handwritten docs into electronic health records. The technology became more popular, and Abto Software teams have already succeeded in this area.

The Cloud computing market is among trends as well. Higher demand for digital healthcare tools leads to the need for cloud solutions. The sector will grow with a 13.4% CAGR to reach USD 79.3 billion by 2027

On the one hand, all these technologies lead to further innovations and advances in healthcare. On the other hand, they come with new challenges. Medical institutions have to face problems with cybersecurity, data storage, lack of tech talents, and more. And that is one more reason to look for reliable healthcare software developers.

COVID-19 impact on healthcare software development

COVID-19 and global lockdown brought a lot of changes in many aspects of our lives. We had to adapt to new circumstances and a new weird world. Changes were especially difficult for organizations that needed to expand their online presence or totally change business processes.

And the healthcare industry found itself in the middle of those changes. McKinsey&Company, a worldwide known consulting and research organization, spent the last year trying to understand new patient behavior. Today, people want their healthcare to be more transparent, personalized, and available 24/7 from any location. The patients are ready to approach virtual care.

COVID-19 and telehealth

In conditions of lockdown, telehealth systems turned out to be almost irreplaceable. They are giving quick access to medical services and helping to keep social distancing at the same time. Only in the US, the number of telehealth visits increased 50–175 times in different locations. According to McKinsey, the potential market size of virtual care is up to USD 250 billion.

Telemedicine software development: Find out How to Build a Telemedicine System

The same research said that investing in healthcare technology has doubled during the last two years. The total sum of healthcare investments reached USD 14.7 billion in the first half of 2021. 

The top 60 virtual health players are leading the market. Together, they invested USD 5.5 billion in healthcare software development during 2020. Of course, these impressive investments lead to innovations and advancing current solutions. The process will make smaller game players increase their tech investments to adapt to changes and stay competitive.

Total Venture Funding for Digital Health Companies

So, what are the main priorities of healthcare investments? 77% of healthcare institutions are already investing in synchronous telemedicine apps. 93% of them are planning to adopt virtual care.

The demand for treatment optimization solutions and e-triage tools is growing even faster. E-triage systems are AI-based predictive software for analyzing patient outcomes and helping doctors in making decisions, which indicates the need to utilize virtual care.

Provider Investment in Virtual Health Application

Why outsource custom healthcare software development

While technologies are modifying, the reasons to outsource are changing as well. Reducing operational costs is still among those reasons. Although, the main focus is on increasing efficiency and expanding available expertise.

Innovative technologies are appearing faster than students can learn. That is why high-quality professionals became the main reason to outsource software development.

The problem with tech talents shortage will escalate due to the COVID-19 outcome. Let’s analyze the United States as an example. Based on the data from the American Council on Education, the number of international students enrollments decreased by 43% in 2020. As a result, the country will lose nearly 12 thousand young professionals in years to come.

The US Bureau of Labor Statistics (BLS) predicted over 30 thousand new developers jobs every year during the next decade. Universities won’t be able to cover such high demand, and developers won’t gain the required professional level in time.

Best countries for outsourcing software development

So, how do you choose a country for outsourcing software development? How do you find out what level of technical knowledge people have in different locations? Thankfully, we have detailed data to make the right decisions.

Every year, Coursera, a known online courses provider, creates a Global Skills Index report. There we can evaluate the level of technical skills all over the globe. According to the report, European countries have cutting-edge technical skills and became a leader in 2020. Switzerland, Switzerland, Ukraine, Finland, Netherlands, and others are among the countries with a level of technical knowledge of over 90%.

Technical Skills Levels in European Countries

But would this information be enough for choosing a country for outsourcing software development? We think there are a few main criteria for this decision-making.

Criteria for choosing the right outsourcing destination:

1. Industry specialization

Check if the country you are interested in has enough professionals in your focus area. Specific industries like healthcare require narrow expertise in project requirements and laws details.

2. Average rates

You can find out the average hour or project rates for a specific region, country, or company. Be careful with the lowest rates. Saving money on professionals can have a bad influence on your project outcome.

3. UN education rankings

The higher the education rank – the more professional developers in the country. Besides, a good level of education meant not only the availability of developers. It means there are also researchers who are working on innovations and often have fresh ideas that no one else has.

4. Number of technical professionals

The number of technical professionals is connected to the level of education. However, this is also an indicator of the number of software development companies that are opening new jobs regularly.

5. IT ecosystem

This criterion sums up the previous two and shows the potential of the IT industry in a particular location. A full-growth IT ecosystem means established connections between IT companies, educational, and government institutions. It shows a high interest in technologies inside society and predicts industry growth.

6. Culture

It is important to be on the same page with your development team. However, to speak the same language is not always enough. Do you have the same problem-solving mentality? Are you comfortable with their communication style and working habits? These are the questions to consider.

7. Time zone

Of course, you can freely communicate with people from anywhere thanks to modern technologies. It is much more convenient when you have at least a few same working hours as your tech vendor. Or make sure your healthcare software development company is ready to adjust their working graphic to your needs.

Software outsource market insights

And now we can choose an exact country for outsourcing software development. Let’s start with industry specializations by region prepared by the SourceSeek report. It shows that Eastern Europe and South-East Asia have more diversity in the industries they work in. These regions have experience in healthcare, automotive, finance, security, and more.

Industry Specializations by Region

According to the same report, prices in Eastern Europe have been growing during the last few years. That can be an indicator of good technical knowledge and advancing demand as well.

Average Hourly Rates by Region

If we look closer to the region, we will see countries with rates for every demand. Ukraine keeps the middle position while still offering high-quality services.

Average Hourly Rate by Country

Also, Eastern Europe is ahead of other regions in the UN Education ranking.

United Nations Education Ranking

The level of education influences the number of professional software developers. According to a BeetRoot report, the UK provides around 60 thousand tech graduates every year, Germany – 90, France – 110. The leader of the region is Ukraine with 130 thousand new professionals annually.

Engineering Specialists

Eastern Europe is showing the fastest progress of IT ecosystem development as well. This result is gained due to a higher number of tech startups and a high level of investments. Venture activities are growing steadily as well as IT communities.

IT Ecosystem by Country

Inside the region, Ukraine is showing the steepest ecosystems development.

IT Ecosystem by Region

Counting the cultural indicators, researchers took into account English knowledge, grit and problem solving, communication style, and work habits.

Culture by Region

Ukraine, Poland, and Belarus are leaders here, but thanks to different cultural strengths. Researches named reliability and assertiveness of Belarus developers, deep cultural connection with the US of Polish experts. Ukrainian developers are known as flexible and reliable professionals, the best at communication-intensive workflows.