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Exponentially Increasing: The Value of SaaS Solutions with Integrations

In the past decade we have seen a major shift in the way enterprise software is built, marketed, implemented and utilized. The industry has come a long way from the time when companies ran software on their own servers to today’s predominant model of developing and using software in the cloud. Gartner predicts a continued annual growth rate for SaaS solutions: Within the cloud market SaaS remains the largest segment, with revenues forecasted to reach $85.1 billion in 2019 (17.8% year-over-year growth).1

However, to create and preserve the value of cloud solutions long-term, SaaS companies have to move away from developing closed systems to implementing application programming interfaces (APIs). APIs allow software programs to communicate and interact with one another. Other industries like automotive, retail and fintech use APIs for generating driving statistics, locating consumers or providing access to account information on a mobile phone. The use cases are endless and create a number of benefits for SaaS companies and users:

  • Broadens functional scope and opens possibilities – providing an open API SaaS solution will create more value for clients and attract attention of additional users and developers. Other developers can build functionality on the back of an API and can therefore increase the overall value of the combined software solution.
  • Provides convenience for users – most software providers develop products to solve a specific problem a user or consumer is facing. But most of the time, a single solution is not able to address all issues of a particular user. Therefore, opening up and allowing 3rd party software providers to integrate with an existing product is often the best solution.

We at Nodus Medical see how APIs are starting to appear in the healthcare and hospital management software space. The Nodus platform supports integrations with other software systems typically used within a hospital context out of the box. By integrating Nodus with other clinical software systems, we generate tangible benefits for surgeons, clinical support staff and hospital management:

  • Efficiency increase in documenting surgical procedures – A recent study from the U.S. showed that general surgery residents spent an average of 38% of their working timelogged into their EHR system.2 Nodus can generate direct bottom-line impact by automating administrative tasks and documentation.
  • New insights across hospital functions – by consolidating data from various systems in one place, Nodus can generate powerful insights for surgeons as well as hospital management, e.g., reducing OR downtime by more accurate planning and real-time surgery progress updates.
  • Better user experience – hospital software is typically quite outdated and fragmented, e.g., surgeons and staff members have to collect information across multiple systems. Integrated solutions eliminate redundant data entry and improve overall user experience during the pre-, intra- and post-surgery stages.

If you would like to learn more about how we use integrations to drive value, reach out to us!

  1. https://www.gartner.com/en/newsroom. “Gartner Forecasts Worldwide Public Cloud Revenue to Grow 17.3 Percent in 2019”, 2018
  1. Cox ML, Farjat AE, Risoli T, et al. Documenting or Operating: Where Is Time Spent in General Surgery Residency? J Surg Educ. 2018;75(6):e97-e106. doi:10.1016/J.JSURG.2018.10.010