The demand for learning management systems is rising with every passing day. It has played a big role in making the process of training effective and engaging. The best part is that it can be taken into consideration by the businesses of different sectors. It helps you prove seamless training solutions to employees, customers, partners, and all the other aspects related to your workforce without any hassle online.
Even the healthcare sector is benefited significantly from the investment in LMS integration. It helps them not only conduct training but also alert them about the content and policy updates. It also helps them track the progress and monitor how everyone is going about their training.
So, it makes the process result-oriented and enhances the chances of better performance. As per the reports, more than 40% of hospitals today are not using the respective system. One of the primary reasons behind this is the pricing expectations. But, LMS doesn’t cost much.
Here we are to help you understand how much Healthcare LMS development can cost you in every which way. Let’s first understand what LMS is and then move ahead with the pricing domain.
What Is LMS?
When it comes to learning management systems, it is basically a tool or platform that allows businesses around the world to conduct training online. But, that doesn’t sum up the respective platform. It comes with exciting features and functionalities that make the entire process of training effective and interesting as well.
One can use LMS for the purpose of:
- Creating courses
- Sharing and distributing courses
- Tracking progress
- Preparing detailed reports
- Performing analytics
- And more.
With the help of custom LMS development services, you can have the system developed as per your business needs. The experts understand your business model and approach to help you have the system ready with the best-fit attributes.
A similar approach is followed in the healthcare domain as well. All you have to do is to connect with the best vendor in the business to ensure that you avail LMS that fits your working model the best. But, when it comes to pricing, it can vary from one software to another. This is what we are here to discuss today so that you can have clarity on how much you have to invest to avail the best LMS developed for your business.
Investing in Learning Management software
We all know how the Coronavirus outbreak pushed the barriers for the healthcare industry. Literally, this was the only industry that was working at this point in time. Pandemic made people afraid of connecting with each other physically, the rise of remote learning and training took the highway.
This is the reason why the graph of LMS in the Healthcare industry took off and eventually made it easier for the hospitals to have all the training and learning needs covered without any hassle. But, it can only prove to be beneficial if you can have the same customized as per your business needs. This is when the pricing comes into play.
The LMS developers understand the objectives and then let you know the entire budget. It can differ with the number of users and attributes being configured. Here we are going to help you understand how much it can cost you if you consider opting for the premium options that fit perfectly for the healthcare industry.
So, let’s now dig deep and check with the LMS pricing in detail so that you can consider investing in the same without thinking twice.
Learning Management System: Pricing Overview
The first and the primary aspect that we all think about while making a purchase is pricing. While investing in eLearning software development services, there are several aspects taken into consideration, and the pricing varies accordingly.
With Healthcare LMS, you can avail complete value for money if the investment brings in the right attributes. It helps in providing engaging and knowledgeable training solutions. Not only this, but it also plays a crucial role in enhancing productivity and also cuts down the expenses of training utilities and resources.
Here in this article, we are here to assist you with a detailed pricing analysis of learning management solutions. With the help of the below-mentioned pointers, you can get a complete understanding of how LMS software can help you avail complete value for money with the infusion of different attributes, including content creation, course management, scalability, mobile accessibility, and others.
Take a look at the pricing models followed by the different LMS vendors around the world that can help you in making your investment with a lot more clarity:
On-Premise LMS Software:
When it comes to on-premise LMS, it is hosted on the business server or third-party server. This means it can be customized as per your business model, scalability, and need. The more you keep on adding the features, the pricing gets higher.
License – It involves an on-time cost that ranges from $500 to $20,000
Setup Fee – It involves charges for getting the LMS installed that can range up to $25,000.
When it comes to SaaS LMS, it is completely hosted on the vendor’s server or on the Internet itself. It can be accessed and used online with the use of different browsers and applications as well. Take a look at how plans and pricing can vary:
Pay-Per-Course – As the name suggests here, the learner is going to pay for the course they would like to pursue or enroll in.
Pay-Per-Use – This can vary from $2 up to $10 per learner and also per course.
Pay-Per-Learner/User – Here, the learner needs to pay a fixed charge of around $5 monthly or as per the set time as stated by the different vendors.
License Fee – Here, the user needs to pay a one-time pricing fee to get the access to the learning content management system for a particular period of time
Setup Fee – This might include the complete configuration charges of approximately $5,000.
But, it is important for you to understand that the pricing can vary from one LMS vendor to another depending on the features, users, and functionalities added. So, it is important that you clear the same with the vendor before initiating ahead with the investment so that all the aspects are done within your budget and as per your business needs.
There are a few vendors that are also adding fees for support and training solutions as well. It is important that you find the right LMS vendor where the hospital can have their LMS developed to perfection, and that too without costing a lot. The right company is going to understand the business approach and model to come up with the right mix of attributes for which you have to pay to avail complete value for money.
Hopefully, you are fully clear about the healthcare LMS development cost that might be required to take the process ahead. It can certainly prove to be beneficial as you can have the right features added that can fit your budget well. Good luck!
Author Bio: Alicia is a technical content writer and is associated with A3logics for over a couple of years. She has been in touch with the Mobile App development team and is often found struggling with some unique topics for her upcoming projects. She is often found discussing the latest developments with the technical team. When not working on any of her writing projects, she is either reading any of the Agatha Christie mysteries or busy gardening.