Prime Healthcare SaaS Companies that are Bringing a Technological Evolution in the Medical Sector

Prime Healthcare SaaS Companies that are Bringing a Technological Evolution in the Medical Sector

Healthcare SaaS companies provide medical organizations with high end software solutions catering to applications such as EHR, patient feedback, telehealth, inpatient care administration, PACS, revenue cycle management, and billing, among others. With the help of these software, healthcare organizations can securely store patient data and enhance their overall services.  

Some of the prominent companies operating in the healthcare SaaS vertical are-

Cerner Corporation

Market Position or History

• In June 2022, tech giant Oracle Corporation announced the acquisition of Cerner Corporation for USD 28 billion.

Business overview and Strategy

Established in 1979, the company has its headquarters in North Kansas City, Missouri, United States. It was founded by Neal Patterson. It has emerged as a primary supplier of healthcare IT services, hardware, and medical devices.

Cerner Corporation envisions to reshape the dynamics of future healthcare through innovative technological solutions. The entities developed by the company has brought about a massive transformation in the medical sector.

Salesforce Inc.

Market Position or History

• In July 2021, Salesforce Inc. announced to have completed the acquisition of Slack for USD 27.7 billion.

Business Overview and Strategy

The company was founded by Parker Harris and Marc Benioff in 1999. Its headquarters are located in San Francisco, California, United  States. It develops a wide range of applications and customer relationship management software. The firm’s offerings are predominantly meant for analytics, sales, customer  service, and marketing automation, among others.

Salesforce has also tailored a CRM platform for the healthcare industry. The platform is known as Salesforce Health Cloud. This IT platform is being extensively adopted by healthcare organizations to enhance patient outcomes.

The company’s prime vision is to enable business enterprises to solidify their relationships with customers. It develops its software and applications with an aim to build efficient communication channels between organizations and their consumers.

Medical Information Technology, Incorporated (MEDITECH)

Market Position or History

• In February 2018, MEDITECH announced the launch of its mobile, web based EHR named Expanse.

Business  Overview and Strategy

The healthcare SaaS company was established by Neil Pappalardo, Morton E. Ruderman, Curtis W. Marble, Jerome H. Grossman, and Edward B. Roberts in 1969. Its headquarters are located in Westwood, Massachusetts, U.S. It is known for developing and selling information systems to prominent healthcare organizations.

The company believes that technological innovation can transform the dynamics of healthcare. It aims to build a world where every patient can access quality healthcare.

Allscripts Healthcare Solutions, Inc. (Veradigm)

Market Position or History

• In 2019, Allscripts announced the acquisition of ZappRx, a digital health company. This deal will enable Allscripts to diversify its offerings in the healthcare SaaS sector.

Business Overview and Strategy

The company was founded by Glen Tullman in 1986. Its headquarters are located in Chicago, Illinois, United States. It specializes in developing practice management and electronic health record technologies for healthcare organizations. In January 2023, Allscripts changed its name to Veradigm.

The organization intends to contribute to the creation of a healthier world through technological evolution. It develops its  technological solutions with an aim to empower healthcare providers to offer enhanced patient care.

Optum Inc.

Market Position or History

• In July 2022, Optum Inc. announced the acquisition of Caremount Medical Inc.

Business Overview and Strategy

Established in 2011, the health services and innovation company has its headquarters in Minnesota, United States. It is known for creating technological and digital solutions catering to the healthcare industry.

Optum Inc. mainly focuses on five core entities, i.e. healthcare operations, data and analytics, population health, healthcare delivery, and pharmacy care services. It aims at transforming the lives of the masses by providing them with easy access to quality and affordable healthcare services.