Global Behavioral Health Software Market Research: new Technology,latest Trends,Investment Opportunities and forecasts by 2025
According to a new report published by Reports Monitor titled, “Global behavioral health software, Growth Opportunities, Innovations and Forecast, 2018-2025,” the behavioral health software market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Behavioral health software is designed to manage a behavioral health, addiction treatment practice; which is similar to medical practice management software. It is providing benefit regarding operational, administrative and clinical tasks associated with practice.
Further, it provide benefit such as software provides the capacity to have a customized report to address patient individual needs. Additionally, a mental health software provide ERP solutions i.e. Enterprise Resource Planning that helps health-care professionals to run mental practices and which are effective for administration management, patient records, workflow, care delivery, billing and coding.
Additionally, based on functionality the global behavioral health software market is mainly segmented into three types i.e. clinical functionality, administrative functionality, financial functionality. Clinical functionality is bifurcated into Electronic Health Records (EHR), Clinical Decision Support (CDS), care plans or health management and e-prescribing. Administrative functionality is classified into patient or client scheduling, document or image management, case management, Business Intelligence (BI), workforce management. Financial functionality is divided into revenue cycle management, managed care, account payable or general leader and payroll.
This report provides a detailed analysis of behavioral health software, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global behavioral health software market is majorly segmented on the basis of component, delivery model, functionality and end-user. Based on component the global behavioral health software market is bifurcated into support services, software, integrated software and standalone software while based on delivery model it is divided into subscription models and ownership models. Further, based on end-user it is classified into community clinics, private practices, payers, providers, patients, hospitals.
The global behavioral health software market is majorly studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). North America is expected to influence the worldwide behavioral health software market followed by Europe. The significant share of this geographical segment is attributed to factors such as behavioral health reforms in the US, growing number of people requiring behavioral health services and government funding for behavioral health services in the region.
The major key players operating in the market are: Data systems, AdvancedMD, Cerner, Compulink, Core solutions, Credible behavioral health, ICANotes, InSync healthcare solutions, iSalus healthcare, Kareo, Meditab software, Mentegram, Mindlinc, Netsmart, Nextgen healthcare, NextStep solutions.
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