The demand for healthcare SaaS software is on the rise, and SaaS companies are in the prime position to leverage this demand for long-term growth. As medical interoperability standards continue to emerge so comes the push for better data accessibility between patients and providers, which modern software can provide. SaaS can also better address the scaling and security challenges that are top of mind for healthcare companies.
If you’re a lawyer, CPA, or other interested party helping SaaS clients grow, learn more about the factors shaping the healthcare SaaS software demand and how your clients can leverage it with the right funding.
Factors Shaping Healthcare SaaS Software Demand
The global SaaS healthcare market is projected to reach more than $76.8 billion by the end of 2026, representing a boon of growth for modern healthcare solutions that leverage AI and vertical software to level up the patient and provider experience. Some factors influencing this growth include:
- Better Accessibility — Healthcare data accessibility is vital for patients, providers, and insurance companies alike. Dated systems make it difficult to transfer information between parties and cause unnecessary roadblocks. With SaaS solutions, healthcare entities can streamline the data transfer process, allowing for easy and fast access to necessary information.
- Medical Interoperability — SaaS software and its streamlined medical data sharing also ensure that hospitals are compliant with necessary medical interoperability mandates that began to go into place in 2022 and continue to remain a top priority for federal and state governments alike.
- Cost-Effective — SaaS technologies offer an economical solution to other options while still delivering superior features and usability. This is attractive for hospitals and healthcare organizations who want to replace dated data solutions with something new without exceeding their budgets.
- Flexible — Older software wasn’t designed for modern healthcare needs. SaaS technology is more flexible and designed to scale with the changing needs of healthcare organizations, and it can be configured for unique geographic and population sizes.
As more healthcare pillars are ready to transform their old technologies and systems with more advanced SaaS solutions, your clients can fill the gaps and attract new customers ready to level up.
How to Leverage the Demand
1. Offer Vertical Solutions
Vertical SaaS software goes beyond horizontal options to offer specialized solutions to meet the needs of a unique industry. These solutions are favored by some organizations over more generalized options due to their deep understanding of a market’s needs and how that reflects through the features of their products. By ensuring that the SaaS products of your clients are infused with healthcare expertise, they can better satisfy the needs of these organizations and stand out among the competition.
2. Consider the Usage of AI
AI and its automation capabilities are attractive to businesses across a range of industries, including healthcare. The market shows a high demand for solutions that integrate AI in smarter ways, and infusing their technology with it can help your clients meet the needs and interests of their customers and ensure they remain on the leading edge of SaaS capabilities.
3. Choose Smarter Funding
In order to fund growth initiatives, the right funding is key. The demand is high now, but as more businesses pop up to fill it, your clients may be left behind if they’re not able to fund the growth initiatives they need to stand out and secure a customer base. Whether your clients need to build out their sales teams, revamp their marketing efforts, or grow the features and functionality of their technology, strategic funding is necessary.
For swift funding that sets your clients up to enjoy immediate and long-term growth, turn to venture debt and hybrid financing.
Choose Smarter Healthcare SaaS Software Funding
Venture Debt
Venture debt offers fast and flexible funding to borrowers and remains entirely equity-free with the right partner. This allows early-stage companies to secure funding now amidst a hypercompetitive equity market and enables later-stage businesses to support continuous growth while managing their dilution.
At River SaaS, our venture debt is offered in three convenient and customizable formats. If your client would benefit from a standard installment loan, they can borrow money in one lump sum or tranches and pay it back through principal and interest payments. Our interest-only option allows borrowers to pay only interest for a given period and reinvest more money to maximize their acceleration, while our step-up structure lets them start with smaller payments that grow as they grow.
This funding source solves the accessibility challenges of other financing mechanisms and provides a reliable and effective source for your clients to use to support their growth.
Hybrid Financing
With hybrid SaaS financing, your clients can combine the power of venture debt with equity funding and set up for strategic long-term scaling with one reliable provider. With River SaaS, they can begin with debt funding to kickstart their growth, and as our relationship grows, they can rely on our equity financing to mold their funding through their evolving needs.
This equity continuum of capital allows your clients to better tailor their financing to their goals while still enjoying the benefits of working with a reliable long-term partner. This also enables them to avoid competition in the venture capital and private equity spaces while still accessing flexible equity financing solutions.
Combining the power of equity and debt sets your client up for long-term growth and success with funding tailored to their precise needs.
Contact River SaaS Capital for Strategic Healthcare SaaS Software Funding
At River SaaS Capital, we’re committed to nurturing SaaS companies with strategic funding tailored to their needs. Our versatile and customizable financing options equip your clients with the resources they need to enact growth initiatives when they matter most — right now. Leverage the demand for smarter healthcare SaaS software and turn to our team for better funding.
