Success stories: FinTech app ‘Mint’ is a personal money management app with 10 million users

We already mentioned Wealth Management as one of the biggest fintech trends, and here is one of WM best representatives. A fintech startup Mint – your money champion and free personal money management app. Mint grew to 10 million users and sold for $170 million in just 2 years. Also, Mint was chosen as the best-presenting company at TechCrunch40.

 

RoveTek makes some research on how this fintech product could take off that quickly.

 

“That was the idea behind mint. Make it dead simple to get your finances in order and to feel in control of your life.” – Aaron Patzer, Mint founder.

 

From the beginning, the launch strategy differed from other startups. Its founder, Aaron Patzer, thinks that not an idea is the most important but execution. 

 

Aaron Patzer took a different approach:

 

“Number one is to validate your idea. I actually didn’t write a line of code until I did about three or four months’ worth of thinking on Mint, which I think is counter to what a lot of people will suggest. A lot of people will say ‘Just get the product out there, just iterate very, very quickly, (and) just make a prototype.’ That works for certain types of things; I think anything that is social…that works. But for finance, I wanted to be a little more rigorous and there were a lot of technical problems, connectivity to all of the banks, and the business model.”

 

Mint app has a very neat and usable design. It uses just a few colors – green, white, black as base colors, and highlights in different graphics. The app brings the opportunity to manage all your personal spendings, savings, investments, and even subscriptions to Netflix. Thanks to this FinTech app, users help save money by continually searching for deals on credit cards, bank accounts, etc.

Mint Fintech App

Competitive Uniqueness and Growth Strategy

 

Mint stands out from its competitors, and the main reason Mint took off quickly and successfully is great customer research. Before launch, they gathered feedback on competitors’ weaknesses and customers’ expectations. Consequently, Mint improved those features that their competitors have troubles with – easy account set up, categorized expenses, and life planning software features (called ‘gem’). 

 

Mint also focused on content strategy, became #1 in personal finance, and drove good traffic to the app itself.

 

 

Want to create your own success story? Build digital finance products with RoveTek!

 

Give us a shout if you want your FinTech app to make another success story! 

 

Best telehealth apps 2021 to visit a doctor in few clicks

Healthcare embraces the trend on remote, and thanks to telehealth apps patients can visit their doctors from the comfort of their home and any location. Telemedicine is one of the biggest trends in eHealth, and many good examples are already in the market. We created a list of the best telemedicine apps for 2021 and beyond.

 

According to Statista, the global telemedicine market is expected to reach more than $41 billion by 2021. There are no signs of stopping, with telehealth reaching $130.0b by 2026. 

So, let’s take a look at the telemedicine apps, its benefits, and the best examples available in the market.

12 Digital healthcare trends 2021 and beyond (with McKinsey & Co report)

Some words about telehealth apps

 

Before moving to the list of medicine apps, let us mention how these apps supposed to look and operate. 

 

Why use telemedicine apps?

 

The primary purpose of telemedicine is to allow patients to consult with doctors remotely. Especially during the lockdown, the ability to visit your doctor from the comfort of your home is handy. Hospitals can increase revenues, cover more patients, and decrease costs. 

Remote health is possible mainly because of the telemedicine apps, and the number of telehealth apps is growing. In the near future, most hospitals will use telehealth apps to reach out to patients remotely. 

 

Benefits of the telehealth apps:

 

– Prompt patient treatment. As patients have access to remote telehealth apps, healthcare will be quick and effective. 

– Data storage. Telehealth apps are accurately storing patient’s data and track all information. 

– Healthcare availability 24/7. No surprise, thanks to apps, patients can get access to hospitals and medical consultations anytime.

– Patient mentorship. Patients get a complete package of medical assistance and mentorship thanks to follow-up appointments, reminders, tracking, etc.

– Automated processes. Bureaucratic processes are automated, and paperwork is decreased.  

 

Let us show you some outstanding examples of telemedicine apps.

 

MDLIVE

Telehealth apps

iPhone rating: 4.7 stars

Android rating: 4.7 stars

Price: Free

 

This is a famous app for behavioral health therapy services and psychiatry. Patients can easy connect licensed doctor in this field in just 15 minutes. The app is for non-emergency cases, and the patient’s primary care isn’t available.

 

Lemonaid: Same Day Online Care

Telehealth apps

iPhone rating: 4.9 stars

Android rating: 4.5 stars

Price: Free

 

This app is free to install, but patients need to pay a small fee of 25$, patients can get access to professional consultations and get a diagnosis and treatment. The wait time is no more than 2 hours. Also, patients can get fast delivery from the Lemonaid Pharmacy.

 

LiveHealth Online Mobile

 

iPhone rating: 4.9 stars

Android rating: 4.5 stars

Price: Free

 

This app has a diverse selection of qualified doctors, whom patients can reach out anytime just in a few clicks fast sign up. The app also provides a wide selection of medical services, from flu and bronchitis to allergies, skin infections and more. The app also features licensed therapists, breastfeeding consultants, nutritionists, and other professionals.

 

PlushCare: Video Doctor Visits

 

iPhone rating: 4.9 stars

Android rating: 4.6 stars

Price: Free

Like other telemedicine apps in this list, patients can book an appointment just in few clicks. According to PlushCare, to provide patients with the best possible care, they select doctors from the top 50 US healthcare providers. Each physician goes through an extensive interview process and is certified by the US Board of Directors, and believe that the extra diligence associated with hiring the best doctors is worth it because providing high-quality medical care is our priority.

 

Doctor on Demand

 

iPhone rating: 4.9 stars

Android rating: 4.9 stars

Price: Free

Doctor on Demand is the fastest and easiest way to see a doctor or psychologist via the Internet on your computer, tablet or phone – without leaving your home. The app’s providers are licensed doctors, psychiatrists and psychologists who can treat hundreds of online problems with videos. Your doctor will review your medical history and symptoms, conduct an examination, and recommend treatment.

 

Amwell: Doctor Visits 24/7

Telehealth apps

iPhone rating: 4.9 stars

Android rating: 4.3 stars

Price: Free

 

Thanks to this app patients get high-quality medical care upon request. You can schedule appointments, often with the opportunity for the next day. Amwell services range from $ 69 or less for emergency care to $ 200 for an online psychiatry visit before insurance.

 

Spruce – Care Messenger

 

iPhone rating: 4.9 stars

Android rating: 4.8 stars

Price: Free

 

As you see, the Spruce has very high ratings and positive feedback with a user-friendly dashboard design for both doctors and patients. The app has secure data storage, and users can protect your private medical information through HIPAA laws. The apps provide messaging tools, videos and audios, health questionnaires, and other tools to satisfy the patients’ medical needs. 

 

To conclude

 

This is not a full list of the best telehealth apps you can find on the market. We picked these due to their high ranking in the stores, intuitive design, great functionality, and overall value they bring to patients. 

Discuss with us your telehealth or eHealth app! Reach out to RoveTek now and launch your idea with us!

 

10 FinTech trends to watch in 2021+ (Based on Deloitte Report)

2021 promises us to bring recent fintech trends and solutions as previous years skyrocket online sales and trust to e-banking. The fintech market is on its growing stage. Even though implementing new technology is a risk, a considerable wealth opportunity motivates proactive executives to embrace fintech innovations (as Deloitte said). 

 

The challenges we faced during 2020 connected people with technologies, and shifted trust to online payments and banking to positive. Many consumers (especially millennials and gen Z) choose online banking and trust online payments like Amazon Go. Pandemic time also shifted to cashless payments, as it’s more hygienic. We use our bank cards and less cash. So, our will to be more aware of proper hygiene influences cashless payments. Consumers are open to the idea of on-demand finance because of mobile and cloud computing. 

 

FinTech Trends

 

The recent report by Statista claims that the global growth in the use of financial apps during COVID-19 was the largest in Japan, at 55%. South Korea (35%), the USA (20%), China (20%), Germany and Italy (15%) followed. Before the pandemic, global investment in fintech was also on the rise. Despite a slight decrease in assets in 2019 by $ 137.5 billion compared to $ 141 billion in 2018, FinTech has shown positive growth in most of its sectors.

 

According to Deloitte, the financial technology sector is “red-hot, with traditional financial institutions increasing their fintech investments and competing with startups to offer financial services products faster and more efficiently.”

 

Financial services ready for transformative change; both mega-corporations and startups are investing in fintech investments.

 

Fintech trends for 2021 and beyond are the following:

        

 

1. Financial firms are more open to fintech 

 

“A large number of our clients are taking aggressive action to determine how they can use these technologies within their ecosystems,” a managing director and head of innovation for Deloitte & Touche LLP’s financial services businesses Krishna said.

 

As consumers are more open to online banking or online payments, financial firms and institutions embrace technological advances and digital transformation in the financial sector. 

 

Financial institutions too often deal with fintech in a very inefficient, fragmented and tactical manner. The companies that succeed have undertaken carefully architecting their transformation strategy, including integrating fintech within their organization. Murray Raisbeck Global Co-Leader of Fintech, KPMG International and Partner, Insurance KPMG in the UK.

 

2. Blockchain is a big fintech trend

 

According to Deloitte, blockchain eliminates the need for a central intermediary to transfer assets, so the transfer of assets is not limited to money. Blockchain also increases efficiency. Payment transactions usually go through a central intermediary that uses several steps to authenticate and authorize the person who is allowed to send that amount, transfer the details of the transaction, and actually settle. Calculations can take two to three days. 

 

Prakash Santhana, a managing director in Deloitte Transactions and Business Analytics LLP also stated that the third benefit of blockchain is an audit trail. Blockchain relies on a distributed database. All information is duplicated in each copy of the database, and all data is publicly available. You can enter the blockchain ledger and, since it is immutable, prove that the transaction took place and be sure that the record has not been changed or corrupted while it is in the distributed ledger. As a result, many sectors of the financial services industry can improve productivity by using this technology to improve transaction speed and transparency.

 

3. Regulators are interested in fintech

 

According to Krishna, regulators actively seek to create sandboxes to test scenarios and determine how the system can solve problems.”

 

According to KPMG, fintech is a priority for asset management firms, where technologies help win the competition. Fintech offers various opportunities and greater efficiency in transactions. 

In recent months and years, we have seen regulatory bodies worldwide attempt a careful balancing act. On the one hand, regulators recognize the need for innovation. They are working to support and encourage fintech activity through actions such as framework changes and regulatory sandboxes’ creation. On the other hand, there are significant concerns that existing risks, especially surrounding cybersecurity and fraud, are becoming heightened by fintech’s growth.

 

In recent years, regulators around the world are trying to balance the situation carefully. The regulators recognize the need for innovation and are working to support and encourage fintech activities such as restructuring and creating regulatory sandboxes. There are serious concerns that existing risks, especially those related to cybersecurity and fraud, are amplifying as financial technology grows.

 

4. Implementation influence operational challenges

 

Krishna claims that fintech and other new disruptive technologies are causing a stir, but there are changes in the existing design and new implementation and deployment challenges along with them. Regardless of how transformative these technologies will be; reality leads to operational difficulties such as’ What problems are you solving first? How do you solve them without affecting other businesses? Financial instruments now have to figure out how to use the preliminary and long-term influence on new system processes. It’s always more complicated than you think, but the strategic risk can pay off big. 

 

5. The industry understands that this is a marathon, not a sprint

 

“There was a lot of hype in this area, and there was a lot of venture capital,” says Krishna. And, adds: “There is both expectation and concern about what these technologies can do in the financial services industry. Many of the conversations we have with clients have an end-of-the-start atmosphere as there is some fatigue and frustration in keeping up with all the latest companies and technologies. “

 

There are several issues to consider, for example:

 

  • Will these new services be replaced by the existing architecture or offered in parallel?
  • Are the benefits promised by the latest technology improving existing products, or are they just adding features and complexity that no one is really looking for?
  • What architectural or technological changes need to be included in strategic planning?
  • In what areas of the business should fintech investments be directed?

 

Fintech trends

 

These were fintech trends by Deloitte, and here are some insights on trends from our team at Rovetek.

 

6. Financial literacy solutions fintech trends

 

There is a significant demand for managing financers online, so this is an ample opportunity for fintech startups related to financial literacy. 

The survey by EY claims that the consumer awareness of FinTech services in the five key categories is reported to be the following:

Fintech trends

Source: EY – Global FinTech Adoption Index 2019

 

The trend on financial literacy is not new, but thanks to a huge increase in online payments and fintech growth, financial literacy apps’ need have become inevitable. Apps can easily integrate your data and financial expenses in your mobile, etc. So many options for fintech apps.

 

7. Digital-only banks

 

FinTech Trends

 

This is a big fintech trend that started to grow in recent years. Just some years ago, it was hard to believe that we will put money and make purchases in the banking app, which doesn’t even have a physical department. 

 

The number of bank visits to banks will decrease by 36% from 2017 to 2022, while the number of mobile transactions will grow by 121% over the same period. Many banks have embraced digital transformations and offer their consumers top-notch web or mobile banking versions. But, there are those which don’t have any departments, just apps. 

 

The main reason why people are moving from ‘conservative and bureaucratic’ banks is that consumers want banks to become more user-friendly, accessible, and convenient.

In other words, consumers want banks to be more fun. Another reason is the queues. Digital banks and online banking apps are more comfortable in use. 

 

8. Cybersecurity in fintech

 

Another fintech trend in 2021 is the enhancement of cybersecurity. The activity in online payments is continually growing and hacker attacks are increasing. First, fintech companies or banks must deliver high-level transaction, data security, and general security service.

 

9. Biometric security systems

 

Following the cybersecurity trend, to secure our data and transactions, banks use biometric security systems. With a simple finger touch, clients can unlock their online banking applications or conduct payment transactions. This approach takes online security to another level. The popularity of biometric sensors that involve physical contact is predicted to decline. While the general increase in the use of biometric technology for identity verification, contactless solutions will take over the touch-based fingerprint reader market. Because of the COVID-19 pandemic, it is recommended to avoid cash, which increases the growth of the biometric payment card market. 

 

10. WealthTech

 

Another fintech trend is related to financial management solutions. Especially during the lockdown, this trend has ‘flourished’. WealthTech funding reached $ 1.7 billion in the first quarter of 2020, according to Fintech Global. The shift to online business influences the appearance of more digital services for managing personal and corporate finances. AI and Big Data will give us even more effective financial solutions for financial management shortly.

 

An example of Wealthtech services is Robo Advisors – the automated platforms use algorithms and machine learning to help investors make critical financial decisions.

 

FinTech Trends

 

Bottom Line

 

According to the KPMG report, The industry is developing rapidly. The financial products and services and the technological infrastructure underlying financial institutions will look significantly different in a decade compared to what they look like today. The last 5 years have presented a level of violation that has never been observed before. Opportunities for new financial technologies companies to quickly gain momentum global financial services market forcing financial institutions to stay competitive. They must accept customer-centric innovation and back-office solutions to help them provide a more personalized value-added approach to experience working with clients. New competitors (both in uniform fintech startups and technology giants reacting to opportunities add value) and new solutions catalysts for industry change have long been defined by tradition.

 

From AI, automation and augmented reality for cloud, internet of things and data analytics, fintech transforms financial services. Financial institutions that are in no rush define your fintech strategy and agree it will be better for their business purposes positioned to help create future Financial services.

 

We, at RoveTek, deliver top-notch solutions in web & mobile development to our clients in the FinTech domain. Let’s start a journey of digital transformation for your FinTech project with RoveTek!

 

12 Digital Healthcare Trends for 2023 and Beyond

12 Directions of Digital Healthcare Development

 

Healthcare has become more digitalized over the years thanks to advancements in technology and connectivity between patients, doctors, and hospitals. The era of COVID-19 changed the world of hospital care by making medical records accessible via smartphones or computers. People now can access their information from anywhere at any time without having to wait for an appointment at their doctor’s office.

In this article, we’ll look at 12 trends shaping digital healthcare development over the next decade — from a rise in consumerism to more personalized approaches to treating patients — and what it means for your business today and tomorrow.

 

Top 6 Trends in Healthcare

 

You may have heard of these trends and even tried to implement them into your practice. Let’s review the six digital trends that will shape the quality of healthcare:

 

Data Science

 

As the healthcare industry continues to digitize and become more data-driven, data science has become a critical component of modern medicine. Data science is an interdisciplinary field that focuses on extracting knowledge from large amounts of data, among other things. It commonly uses machine learning (ML), artificial intelligence (AI), reinforcement learning (RL), and natural language processing (NLP). 

 

In 2023, data science will be used to get even more insight into health systems. For example:

 

    • AI will be able to provide personalized care plans based on each person’s unique health profile;
    • ML will give clinicians access to historical medical records, so they can better understand how past treatments have worked and predict optimal treatment pathways for chronic conditions based on patient characteristics; 
    • RL could be used by doctors who want guidance on how best to administer certain medications based on their personal experience with those drugs. 

 

These technologies will be used for more efficient diagnosis, monitoring, and treatment of patients by combining them with other tools like radiographic imaging devices or wearable sensors that measure vitals (blood pressure or body temperature) at regular intervals throughout the day.

 

 

Consumerization

 

As healthcare becomes more personal and consumers take control of their care, providers are increasingly using digital technologies to collect and process healthcare data. The trend toward consumerization has led to the emergence of a new generation of technology companies that focus on providing solutions for consumers’ needs.

 

One example of this trend is personalized medicine — using genetic information or other biomarkers (biological indicators) as part of treatment decisions at individualized levels. With advances in genomics research, we now know many factors affect our risk for developing certain diseases or conditions, including genetic variations and lifestyle choices like smoking or drinking alcohol.

 

As another example, consider how Fitbit helps people manage their fitness goals by tracking activity levels throughout the day. It helps them identify areas where they can improve, so they can meet their goals. This type of self-monitoring has been shown to improve health outcomes by increasing awareness around overall wellness and encouraging positive lifestyle changes like eating better or exercising more often. 

 

Cloud Technologies

 

Cloud technologies are also transforming healthcare and offer significant advantages over traditional systems: 

 

    • lower upfront capital investment; 
    • reduced maintenance costs; 
    • greater scalability, allowing you to expand your operations without having to purchase additional equipment; 
    • improved security measures since all data is stored remotely rather than locally on servers. 

 

Cloud computing helps increase efficiency and reduce costs by automating processes, enabling better management of data, supporting remote treatment options, and providing access to medical records anytime, anywhere. Examples of cloud technologies include:

 

    • electronic health records (EHRs);
    • medical imaging systems like MRI machines;
    • medical devices such as blood pressure monitors.

 

With cloud-based solutions, care providers are no longer required to keep expensive paper records that need constant updating and time-consuming manual entry into a database by staff members. Cloud computing in healthcare will provide solutions by opening new channels to reach patients and accelerating personalized care to continuously improve patient outcomes. 

 

Health Data Security

 

As the healthcare industry moves forward with telemedicine and other digital healthcare solutions, the question of data security becomes increasingly important. With so much sensitive information being transmitted over networks and stored in databases, there are many potential threats posed by hackers.

 

If you don’t protect your data properly, it could be exposed to unauthorized users who could use it for malicious purposes or sell it on black markets. For example:

 

    • A cybercriminal could steal your identity, so they can access sensitive information about you from other sources like medical records.
    • Hackers might break into the system where they store all patients’ personal information like financial details, which they then sell online or use to commit fraud against them later.

 

So how can you ensure that your data is secure? The answer lies in implementing strong cybersecurity measures that meet regulatory requirements so that you don’t run afoul of any laws regarding privacy or confidentiality. For example, host health data with health data compliance certification like HDS in France or HIPAA in the US — and implement other best practices, like two-factor authentication processes, where possible.

 

Automation

 

Automation is a major trend in digital healthcare. The growing prevalence of ML and AI solutions will allow healthcare professionals to perform many tasks without human intervention, freeing them up for more complex tasks and improving patient care.

 

Automation in healthcare includes:

 

    • robotic surgery; 
    • computer-assisted surgery; 
    • image analysis programs that can detect diseases or abnormalities; 
    • decision support systems that provide advice based on prior cases; 
    • virtual assistants that interact with patients via chatbots; 
    • mobile apps that help people manage their health conditions by tracking symptoms or medication adherence; 
    • wearables like Apple Watch that monitor vital signs like blood pressure and heart rate.

 

Automation can be a boon for healthcare professionals who are often overwhelmed by the demands of their jobs. AI-powered tools like chatbots may also recommend follow-up appointments with doctors based on the answers provided by patients.

 

Patient Portals

 

Patient portals can be used differently: for accessing basic information like test results or medications, or as an extension of a healthcare provider’s office — by communicating with physicians through the portal instead of making an appointment at their clinic. Patients can also receive reminders about upcoming appointments, medication refills, or physical exams.

 

Patient portal features may vary depending on the provider’s electronic health record system but typically include:

    • viewing lab results from blood tests;
    • accessing immunization history;
    • ordering refills of medications through the site;
    • communicating directly with providers.

 

Those who use a patient portal can also upload information about their medical history and provide additional details about their family members. It can help physicians keep track of children’s growth and development and allergies or other health conditions that may be pertinent to the care they’re providing.

 

Digital Healthcare Trends: RoveTek Edition

 

 

The healthcare sector is changing rapidly, and RoveTek has been witnessing some of these changes over the past few years. Many other trends will shape how we perceive eHealth in 2023 and beyond.

 

RoveTek would like to share with you an additional six eHealth trends for 2023 where we see significant opportunities for growth:

 

Digital Health

 

According to a report from MarketsandMarkets, the global digital health market is expected to grow at a CAGR of 19% and reach over $970 billion by 2027. The demand for tools to deliver remote services or “remote care” will increase, particularly for behavioral health because these patients tend to prefer online treatment to face-to-face interactions with their doctors or therapists. Digital health leads to growth in the eHealth digital products market segment that features high competition due to many players trying their hands at developing innovative solutions that meet patient needs better than traditional ones.

 

Digital Health also leads entrepreneurs who want their ideas implemented, so they can create new start-ups and healthcare organizations focusing on delivering remote services or products through technology platforms like: 

    • mobile apps & websites; 
    • AI algorithms used by companies like Apple and Google; 
    • Virtual reality (VR) tools like Vive headsets. 

 

Digital health apps have proven to be popular and profitable, making now the right time for investors to consider this industry.

 

AI and Big Data

 

As virtual health is on the rise, more patients will access healthcare, and more data will be stored in the cloud. It will require new ways of managing and analyzing information. Al helps healthcare process Big Data and delivers personalized care to patients.

 

Al Robotics is already used in nursing and caregiving. For example, robots can assist doctors with surgical procedures by performing tasks like holding tools or moving patients around during surgery. They may also monitor vital signs during operations so that surgeons don’t have to leave their workstations at critical moments.

 

One of the most well-known Al technologies in medicine is chatbots. They use NLP technology to communicate with users over text messages, web browsers, or mobile apps. By asking questions about symptoms, chatbots can recommend treatment options based on previous cases. 

 

Algorithms are used to analyze blood test results. Based on biomarkers like age and percentage of lymphocytes, they can predict a patient’s likelihood of surviving diseases like COVID-19. In the future, these technologies will allow doctors to analyze samples without specialized laboratories or having them sent somewhere else.

 

The Internet of Medical Things and Wearable Devices

 

The Internet of Medical Things (loMT) and wearable devices are the latest and most popular trend in digital healthcare. The necessity of distance care has been caused by various factors, like urbanization, the aging population, and increasing demand for higher-quality services. 

 

IoMT for the elderly is one of the most demanding applications, as the population of the US and Europe is aging fast. With wearables, doctors can take care of their patients from a distance without leaving their homes or offices. The COVID-19 pandemic showed us how important it is to get access to healthcare delivery services from home.

 

There are over 1.1 billion connected wearable devices in the world. The most popular wearable technologies today include fitness trackers and weight-monitoring devices. However, there are many other applications available, too. For example, glucose monitors are a great way to keep an eye on your diabetes.

 

Telemedicine

 

 

Telemedicine is a healthcare trend that allows patients to get consultations anywhere with a stable Internet connection and access to video chat platforms. The global telemedicine market is expected to reach $455 billion by 2023, growing at a compound annual growth rate (CAGR) of 24%. As more people become aware of this service, it will continue to grow over time.

 

Telemedicine has many benefits for both providers and patients alike. It’s easy for providers because they don’t have to travel long distances or worry about scheduling appointments around their other duties. Telehealth visits are more convenient for patients who may not be able to afford regular visits or take time off work. Finally, telehealth solutions save money by reducing travel costs associated with seeing a doctor in person every visit. Senior citizens can especially benefit from this type of service.

 

VR and AR in Medicine

 

VR and AR are set to transform the future of healthcare. According to Statista, the global revenue generated by VR and AR technologies is expected to increase from $31 billion in 2023 to $52 billion by 2027.

 

These technologies can model different conditions and situations, allowing medical professionals to practice procedures before they perform them on real patients. In surgery practices, VR technologies are used before and after surgery for improved patient experience and better recovery times. It also helps reduce costs associated with training staff members due to fewer mistakes made during operations when using these types of simulations.

 

In education settings, VR technology helps medical professionals improve their skills through 3D simulation exercises that mimic real-life scenarios. They can help imitate emergencies in operating rooms or battlefield situations where soldiers need immediate treatment after being injured by an enemy.

 

mHealth: Wellness and Medical Apps

 

The mobile health market is growing rapidly due to increased consumer demand for convenience and improved access to healthcare services. The global mHealth market size is valued at around $49 billion in 2023 and is expected to grow at an annualized rate of 11% over the next five years.

 

Many people use fitness trackers and apps as training coaches, which help them achieve their goals faster and easier. The medical or wellness mobile apps can be: 

 

    • Pharmaceutical. An app that helps to control blood sugar levels. 
    • Dieting. An application with recipes. 
    • Stress reduction. A music player with relaxing sounds. 
    • Practical. Apps for menstrual period tracking or pregnancy planning purposes. 

 

Hospitals can use wellness apps for appointment management, hospital or doctor selection, and providing content like educational materials about diseases.

 

Keep Your Finger on the Pulse of New Healthcare Trends

 

In today’s world, technology has become an integral part of our daily lives. With the rapid development of mobile technologies and the internet, people can access health information quickly and easily from anywhere in the world. It has led to a huge increase in demand for digital healthcare solutions — and this trend isn’t going away anytime soon.

 

Visiting your doctor on mobile or studying surgery with the help of 3D is no longer a top-notch trend but a new reality of medical care. The RoveTek team can help you create a unique website or mobile app that will change the way people interact with their doctors. We provide solutions in web & mobile development, focusing on building custom software solutions that meet all the needs of our clients from hospitals to healthcare apps. 

 

Now that you know what to look out for, let’s start a journey of digital transformation for your healthcare project with RoveTek!