SaaS continues to rise in adoption today. The growing number and variety of SaaS offerings underscores the viability of this technology. Many organizations move toward SaaS as the preferred delivery method to improve business productivity of an increasingly mobile and global workforce. SaaS adoption is spurred by the need for easy to use applications and to provide remote access to employees.
Software as a Service (SaaS) is a software licensing and delivery model that offers ‘on demand software’ and cloud computing technology through an independent third party. With SaaS, as an alternative to the standard software installation in the business environment, companies can pay for the software that they are using from the provider. This not only saves software license costs – i.e., it eliminates the need for a significant upfront expense – but also maintenance costs are reduced as well, since the SaaS provider is responsible for all expenses related to the software use. In terms of usage, a SaaS provider normally offers the pay-as-you-go option in addition to a subscription.
Many SMBs use SaaS rather than purchasing the software to access server-based software from anywhere, at any time, at a lower cost. With the right SaaS provider, SMBs are also able to operate more efficiently and effectively.
Several businesses, in all types of industries, including healthcare, rely on SaaS for business functionality at a distance. SaaS versions of several healthcare applications, including EPM (electronic practice management) software and EHR (electronic health record) software, have begun to be used over the past few years, especially in smaller hospitals or medical practices. Companies like Maxwell Health with its Health as a Service platform, for example, are giving new options to healthcare staff in terms of access to health and benefits services.
SaaS helps organizations shift their current on-premises applications to the cloud. BambooHR’s Software as a Service (SaaS), for example, provides intuitive online HR software via its Human Resources Information System (HRIS) to track and manage time off, training, job applications and other vital company and employee information.
A recent post on StreetInsider.com, which announced the BambooHR partnership with Maxwell Health, says their collaboration will provide customers the ability to synchronize employee census data from BambooHR’s intuitive Software as a Service (SaaS) with Maxwell Health’s online platform to streamline enrollment through an intuitive, lifestyle-based system for bundling traditional employee benefits. Maxwell Health also offers a comprehensive, streamlined solution for employees’ healthcare concierge, a telemedicine solution, and other wellness services.
Veer Gidwaney, CEO and co-founder of Maxwell Health said, “This new integration will help business owners and HR managers increase back-office efficiencies by allowing them to manage benefits paperlessly and leverage a single system of record for all other employee/employer information.” Another benefit of the new system is the possibility for employees to make better decisions for their health and well-being by accessing all needed info in a central repository.
The post goes on to tell that both systems will coexist, with Maxwell Health recording employee benefits and benefits administration, and BambooHR being the system of record for all other information. “Together, they provide a simple, all-in-one benefits and HR solution.” According to Ben Peterson, CEO and co-founder of BambooHR, the collaboration will allow customers to purchase the two products as a bundle with obvious savings.
Edited by Maurice Nagle