U.S. Behavioral Health Care Software and Services Market Research Report 2021-2028 – ResearchAndMarkets.com
The
An increase in the adoption of technological solutions for the management of clinical, administrative and financial functions associated with mental healthcare practices is responsible for market growth.
Although more than 25.0% of the American population suffers from mental health issues, only 44.0% of those actually receive the treatment. The mental health treatment scenario in the rest of the world remains similar. Hence, the adoption of behavioral healthcare software by the care providers is likely to improve the treatment prospects and management of mental health issues. Behavioral health practices can adopt integrated EHRs for cost savings and effective practice management.
The COVID-19 pandemic has increased the demand for software by providers of behavioral health. To address the growing need, telemedicine has helped in providing mental health support. Comprehensive, accessible and systematic mental health support was made available via online platforms for the public and healthcare workers. The adoption of telehealth was supported by positive changes in reimbursement policies for telehealth.
For instance, the CMS issued temporary changes in receiving care through telehealth services for patients enrolled in
- The integrated software segment is expected to register the fastest growth rate over the forecast period as it provides various functionalities such as telehealth, e-prescription and billing and claims management in one single package
- The subscription services segment dominated the market in 2020 in terms of revenue share. The segment is expected to register the fastest growth rate over the forecast period due to increasing preference for subscription services over purchasing
- The clinical functions segment dominated the market in 2020 in terms of revenue share. The behavioral healthcare software provides clinical functions such as scheduling appointments, claim filings, documentation and billing that help to increase the productivity of healthcare facilities
- Key players are adopting strategies such as mergers and acquisitions to strengthen their market presence. In
February 2021 , Cerner Corporation announced integrating the virtual mental health platform ofSilverCloud Health with its Electronic Health Records (EHR) solution. This integration will enable clinicians to prescribe various digitally delivered, scientifically-backed and on-demand therapeutic care for behavioral health needs
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market driver analysis
3.1.1 Emerging technologies in behavioral health care and management
3.1.2 Rising awareness about substance abuse management
3.1.3 Expanding reimbursement coverage
3.2 Market restraint analysis
3.2.1 Inadequate funding and low awareness about mental health issues
3.2.2 Lack of skilled clinicians
3.3
3.3.1 Porter's Five Forces Analysis
3.3.2 PESTEL Analysis
3.4 Penetration & Growth Prospect Mapping
3.5 Impact of COVID-19 on the
Chapter 4
4.1
4.2
4.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the Component Segment
4.3.1 Software
4.3.1.1 Software market, 2016 - 2028 (USD Million)
4.3.1.2 Integrated software
4.3.1.3 Standalone software
4.3.2 Support Services
Chapter 5
5.1
5.2
5.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the Delivery Model Segment
5.3.1 Ownership
5.3.2 Subscription
Chapter 6
6.1
6.2
6.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the Function Segment
6.3.1 Clinical
6.3.1.1 Clinical function market, 2016 - 2028 (USD Million)
6.3.1.2 EHRs
6.3.1.3 Clinical decision support
6.3.1.4 Care plans
6.3.1.5 E-prescribing
6.3.1.6 Telehealth
6.3.2 Administrative
6.3.2.1 Administrative function market, 2016 - 2028 (USD Million)
6.3.2.2 Patient/client scheduling
6.3.2.3 Document management
6.3.2.4 Case management
6.3.2.5 Workforce management
6.3.2.6 Business intelligence
6.3.3 Financial
6.3.3.1 Financial function market, 2016 - 2028 (USD Million)
6.3.3.2 Revenue cycle management
6.3.3.3 Managed care
6.3.3.4
6.3.3.5 Payroll
Chapter 7
7.1
7.2
7.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the End-use Segment
7.3.1 Providers
7.3.1.1 Providers market, 2016 - 2028 (USD Million)
7.3.1.2 Hospitals & clinics
7.3.1.3 Community centers
7.3.2 Payers
7.3.3 Patients
Chapter 8 Competitive Analysis
- Cerner Corporation
- Core solutions, Inc.
- Epic
- Meditab
- Holmusk
-
Netsmart Technologies -
Qualifacts Systems, Inc. -
Welligent, Inc. -
SimplePractice, LLC -
TherapyNotes, LLC - TheraNest
For more information about this report visit https://www.researchandmarkets.com/r/9urcm4
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005811/en/
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