Custom Telemedicine Software Cost

Telemedicine App Costs In Brief

Telehealth software development investments largely depend on feature complexity. AI-based convenience features (e.g., multi-lingual live captions, automated appointment summaries, chatbots) or compatibility with medical devices will be the main cost drivers for an advanced system. Other cost factors include the number and complexity of integrations (e.g., with custom or OOTB EHR software), the mobile app development approach (native vs. cross-platform), the number of user roles, the expected software performance, and the compliance requirements.

On average, telemedicine apps reach 100% ROI within 6 months, and the cost of developing custom telehealth software starts from $150,000 to $300,000. To determine the investments for your solution, feel free to use our telemedicine app development cost configurator created by healthcare IT experts with 5–20 years of experience.

Is telemedicine worth investing in?

The global telemedicine market was valued at $60.8 billion in 2022 and is projected to reach $225 billion by 2030, growing at a CAGR of 17.16% between the mentioned years. However, the profitability of telehealth software development largely depends on the software owner and their unique context.

• For a healthcare provider, developing a telehealth system may be a lucrative venture if it’s a large organization that needs an app with custom functionality and tailored UI/UX that off-the-shelf solutions don’t provide. In that case, the long-term benefits and ROI can outweigh the costs, ultimately leading to improved patient care, operational efficiency, and workflow automation.
• For a software product company or a startup, investing in a telehealth app product may be the right call if there is a promising niche on the market (often, it’s telemedicine platforms for specialty care or innovative therapies). ScienceSoft’s healthcare IT consultants are ready to help design a winning telehealth product with a strong UVP to meet the market demands and get fast ROI.

Telemedicine Platform Cost Factors to Consider

Key factor: telehealth app features

Defining the required functionality set is crucial when estimating telemedicine software pricing. To help you navigate the potential price ranges, ScienceSoft's healthcare IT consultants have categorized the features into three common packages with corresponding cost brackets.

Other cost factors

Telemedicine App Cost vs. ROI

Choosing a lower-cost telemedicine solution is not always the best option. For example, skipping telehealth-EHR integration can lead to increased expenses on manual data entry. The same goes for medical specialty-based features or innovative telehealth therapy programs: enabling only the basic appointment functionality may hamper future service evolution and limit the potential revenue.

Using the estimated ROI (return on investment) as a benchmark may be more efficient than considering only upfront costs.

• Integrating a telehealth app with medical devices may cost an additional $50,000, but it can reduce the potential hospital readmissions by 50%.
• Implementing AI chatbots to help patients navigate their healthcare service options and report their symptoms early can cost around $30,000–$70,000. However, it may reduce low-acuity urgent care or in-person primary care visits by 33% and replace them with time-saving telehealth appointments.
• Opting for tailored telehealth therapy programs can increase the number of daily treated patients by 25%.
• Using asynchronous communication with patients, like messaging and file exchange functionality, can remove up to 90% of administrative work for the medical staff.

How ScienceSoft Optimizes Telemedicine Implementation Costs Without Compromising Quality

With a portfolio of 150+ successful medical IT projects and 19 years of experience in the domain, ScienceSoft determined the key steps to develop cost-effective telehealth.