According to the reports from MedicalDialogues, the healthcare market can increase three-fold to $133.44 billion by 2022. Anybody with a contrasting academic qualification and work experience apart from the medical line can also set a strong foundation stone in the healthcare business.
This blog has awesome business ideas to embark on your journey in healthcare. Based on our research, we were able to pick the top 12 healthcare business ideas with platforms that are “completely ” online
Let’s dive in.
Online Healthcare Business Ideas
Here are some healthcare business ideas for you to make a mark in the online space.
1. Healthcare Mobile Apps Development
If you’re looking to kickstart a high income-earning business, then healthcare mobile apps development would be a wise choice. According to a report from Global Newswire, it’s expected that the global health apps market might generate a revenue of around $111.1 billion by 2025.
As mobile apps open up the doors for virtual consultations with specialists, online drug delivery, etc, patients, pharmacists, even doctors, prefer healthcare apps to in-person visits.
Either you can build a healthcare app on your own or outsource to any reputed mobile app development agencies. Also, you can provide mobile app development services to hospitals and clinics.
Here, we have picked a few highly developed healthcare mobile apps for you to take inspiration from.
2. Online Pharmacies
The idea of online pharmacy is centered around offering prescription drugs and non-prescription over-the-counter (OTC) drugs accepted through mails, shipping companies, or online pharmacy web portals. The dawn of online pharmacies has brought patients from standing in cash counters for so long, waiting for medicines, etc.
Due to this convenience, patients are now turning their spotlight towards online pharmacies. When it comes to online pharmacy development, you have to keep your eyes on drug listings, carts management systems, online shopping integration, digital payment support, and other web design features.
Above all, as you’re dealing with patients’ medical records, make sure your online pharmacy is compliant with HIPAA regulations.
Here, we have picked a few amazingly built healthcare online pharmacies for you to take inspiration from.
3. Healthcare Blogging
Over the last few decades, new harmful viruses & bacteria are hunting people’s lives in different parts of the world. To stay away from these dreadful diseases and to become health conscious, almost everyone checks out on health-related information.
For fitness tips, diet food patterns, disease symptoms, healthcare remedies and to explore any information, patients hop into the internet. This is where healthcare blogging comes in.
If you have a minimal level of experience in content marketing and an equal level of dedication in health maintenance, then you are almost qualified to kickstart healthcare blogging. Through Google Adsense, healthcare product referrals, social media promotion, and in multiple ways, you can monetize your healthcare blogs.
Here, we have picked a few successful healthcare bloggers for you to follow and take inspiration from.
4. Healthcare Digital Marketing Services
Today, any business irrespective of the industry cannot stay alive if it doesn’t embrace digital marketing practices. This suits healthcare as well. Understanding the power of digital marketing, many hospitals have already started showcasing them on social media sites, search results, online healthcare forums, and more.
If you’re looking for business opportunities in healthcare, then you can definitely choose to offer win-win digital marketing solutions to doctors and specialists. Approximately, 88% of people look online for health information and 70% of people report that the health information they find influences a decision about treatment.
Here, we have picked a few successful healthcare digital marketers for you to follow and take inspiration from.
If you like to know more about why digital marketing is essential for the healthcare industry, then take a look at our blog.
5. Medical Transcription Services
Nowadays, healthcare groups are highly relying upon technologies for transcribing their voice-based medical reports to text. If you’re well-versed in typing & listening to medical terms, then this would be a good deal.
Either you can work for any medical premises or companies that provide medical transcription services. Or you can build your own working space and operate from the comfort of your home. You can choose this as your free-time career choice for a supplemental income and after you acquire a massive client base, you can make it your full-time career too.
Moreover, there is a wide range of medical transcription software like WebChartMD, VoiceSys, ExpressScribe, and more through which you can make your transcription work into a piece of cake.
Here, we have picked a few professional medical transcriptionists for you to take inspiration from.
6. Medical Records Management
Irrespective of how big or small the size of the healthcare center, maintaining the medical records efficiently seems to be hectic work. As a well-versed medical records manager, you can lend your hands to medical reps in two ways.
If you are a proficient software engineer and able to build a full-fledged healthcare inventory management software and can sell it to hospitals, clinics, medical labs, and even sole practitioners.
The other way is becoming an outsourced agent and provide full-service medical records management or train their staff in managing their medical records.
Here are some examples of successful medical records management businesses.
7. Medical Billing Services
According to Market Research Engine, the market size of medical billing outsourcing will be increased to $16 billion by 2024.
Medical billing is a payment process/practice in the United States. The healthcare providers submit and follow up their claims from health insurance companies in order to get their payments against medical services rendered to patients. There are several tech companies offering their medical billing services by selling their medical billing software in the United States.
This market still needs improvement in the billing process and more tech entrepreneurs can bring innovative solutions. For big software houses and tech companies, it is a golden opportunity to start a new med-tech product.
It is the right time to begin a business in the healthcare sector as medical billing services because of the rise in insurance claims by the patients. Due to which the hospitals face the hassle during insurance claims. So to assist them and reduce the burden on hospitals, a medical biller is a person who handles medical claims for insurance companies. This will reduce the burden on the hospitals during medical claims by the patients.
Here, we have picked a few successful medical billing service businesses
8. Insurance Fraudulent Activities Detectors
Similarly, AI is also helpful for fraud detection in the insurance industry. Sometimes, it becomes difficult for insurance experts to detect fake claims and frauds.
Employing AI tools with access to all data i.e. what information should be used/crawled for analysis and delivering results, can greatly help the insurance companies to detect fake claims and frauds. These types of tools are expected to be in a great demand in the upcoming years.
9. Online Healthcare Community
Uber and Airbnb are businesses that are based on sharing economy models. These are internet applications that connect buyers and sellers at their platforms and they charge nominal commissions from each transaction.
You can also make similar applications where local doctors, physicians, ambulances can be listed, and patients can easily explore and acquire their services.
10. Online Healthcare Insurance Agency
Insurance agencies earn quite an amount of money by investing the premium amount received from their clients. Health insurance is one of the most common insurance domains. People realizing the importance of health as well as insurance definitely opt to have health insurance.
If you have good business sense along with medical knowledge, this field can prove really profitable. There are several health insurance plans in the world. However, many are confusing as they come with lots of features. In this case, you can start marketing health insurance plans that have good and unique features.
You can explain the various plans along with health insurance premiums to customers and they would pick up the one that is best suitable to them. You would earn commission on such health insurance plans directly from insurance companies.
Here are some examples of successful health insurance businesses
11. Online Medical Consultancies
There are various healthcare professionals running their own independent clinics. Besides keeping an eye on their medical services, they have to supervise their financial and business issues.
Medical consultants provide services in this regard. With a pretty business knowledge along with medical knowledge, you can advise medical professionals to take important steps that will increase their patient care and business.
12. Medical Tourism Operators
There are people who may need to travel to different cities or abroad for medical treatments. They do not know whom to approach. You can create a small business around the concept, making travel arrangements for such people who are going for medical treatments across places or across countries.
Your business expertise can advise the traveling patients where to stay, which flight to book etc. Medical tourism refers to people traveling to another country to get medical treatment. For instance, people from developed countries travel to developing countries to get cheaper medical treatment.
Which Healthcare Business are You Going to Start?
The outcome of this article is that the tech-based healthcare businesses will enjoy more success in the upcoming years as compared to traditional ones.
We hope this blog helps you make the right decision for beginning your online healthcare business. If you like to get any assistance for setting your feet in the digital space, do reach our team.
At ColorWhistle, we provide healthcare web design, development, and digital marketing services that help you make a mark in the digital space. Feel free to contact or call us +1 (919) 234-5140 at any time. We are glad to work with you!
Which healthcare business idea excited you? Let us know in the comments section.