Global Global Behavioral/Mental Health Care Software & Services Market 2015-2018 & 2025 - Market Size is Expected to Reach USD 4.31 Billion

DUBLIN, Nov. 2, 2018 /PRNewswire/ --

The "Behavioral/Mental Health Care Software & Services Market Analysis Report By End Use (Providers, Payers), By Component, By Delivery Model, By Function (Administrative, Clinical), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global behavioral/mental health care software and services market size is expected to reach USD 4.31 billion by 2025, exhibiting an 11.8% CAGR during the forecast period.

Behavioral health management software facilitates clear communication between patients and care providers. Real-time monitoring allows doctors to keep a track of patient progress.

These systems maintain confidentiality of patient information, especially in cases of mental health and substance abuse. The effectiveness and productivity of mental healthcare can be improved by integrating advanced behavioral health software solutions within existing mental healthcare infrastructure.

Behavioral healthcare providers help in reducing costs related to substance abuse by providing value-based medicine programs by preventing hospital readmissions. According to a survey by the Substance Abuse and Mental Health Services Administration (SAMHSA), the impact of substance abuse is estimated to be worth USD 600 billion every year in U.S.

The Cures Act will provide an opportunity to vendors to integrate with each other and enable care coordination of both parties. The act will facilitate interoperability between mental and overall healthcare providers. This cooperation will eliminate obstacles to reimbursement, simplify explanation of benefits, and enable insurance claim submissions for faster returns.

Further key findings from the report suggest:

• New behavioral health integration codes were introduced by the Centers for Medicare & Medicaid Services (CMS) under the psychiatric collaborative care model and behavioral health integration under the successful chronic care management services initiative
• By component, the support and maintenance services segment held majority of the market share in 2017. Increased adoption of technological solutions for management of clinical, administrative, and financial functions of mental healthcare practices, which in turn increases demand for maintenance services, is responsible for segment growth
• On the basis of delivery model, subscription services dominated the market in 2017. Small-scaled mental health practices mostly perate on limited budgets and therefore do not invest much in technological solutions. Moreover, professionals are unable to qualify for incentives for meaningful use of EHRs due to the small scale of their practice. Hence, they prefer to subscribe to solutions instead of purchasing them
• Based on function, clinical functions led the market in 2017 as the integration of clinical function simplifies workload of mental healthcare facilities. On the other hand, administrative functions are expected to showcase the fastest growth rate over the forecast period
• North America accounted for the largest share in the overall market in terms of revenue in 2017. On the other hand, Asia Pacific is likely to experience fastest growth rate in the coming years
• High competition in the market is likely to lead to increased adoption of integrated care models and partnerships between local health systems.
  
  
  
  

Key Topics Covered:

Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis


Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation and Scope
3.1.1 Market Driver Analysis
3.1.1.1 Emerging technologies in behavioral health
3.1.1.2 Rising awareness about substance abuse management
3.1.1.3 Expanding reimbursement coverage in developed countries
3.1.2 Market Restraint Analysis
3.1.2.1 Inadequate funding and low awareness about mental health issues
3.1.2.2 Lack of skilled clinicians
3.2 Penetration & Growth Prospects Mapping
3.3 Behavioral/Mental Health care software and services market - PESTLE Analysis
3.4 Industry Analysis - Porter's

Chapter 4 Behavioral/Mental Health Care Software & Services Market: Component Estimates & Trend Analysis
4.1 Behavioral/mental health care software and services market: Component Movement Analysis
4.2 Software
4.2.1 Software Market, 2014 - 2025 (USD Million)
4.2.2 Integrated Software
4.2.3 Standalone Software
4.3 Support & Maintenance Services
4.3.1 Support & Maintenance Services Market, 2014 - 2025 (USD Million)

Chapter 5 Behavioral/Mental Health Care Software & Services Market: Delivery Model Estimates & Trend Analysis
5.1 Behavioral/Mental health care software and services market: Delivery Model Movement Analysis
5.2 Ownership
5.3 Subscription

Chapter 6 Behavioral/Mental Health Care Software & Services Market: Function Estimates & Trend Analysis
6.1 Behavioral/Mental Health care software and services market: Function Movement Analysis
6.2 Clinical Functions
6.2.1 Clinical Functions Market, 2014 - 2025 (USD Million)
6.2.2 EHRs
6.2.3 Clinical Decision Support
6.2.4 Care Plans
6.2.5 E-Prescribing
6.2.6 Telehealth
6.3 Administrative Functions
6.3.1 Administrative Functions Market, 2014 - 2025 (USD Million)
6.3.2 Patient/Client Scheduling
6.3.3 Document Management
6.3.4 Case Management
6.3.5 Workforce Management
6.3.6 Business Intelligence
6.4 Financial Functions
6.4.1 Financial Functions Market, 2014 - 2025 (USD Million)
6.4.2 Revenue Cycle Management
6.4.3 Managed Care
6.4.4 General Ledger
6.4.5 Payroll

Chapter 7 Behavioral/Mental Health Care Software & Services Market: End Use Estimates & Trend Analysis
7.1 Behavioral/Mental Health care software and services market: End Use Movement Analysis
7.2 Providers
7.2.1 Providers Market, 2014 - 2025 (USD Million)
7.2.2 Hospitals & Clinics
7.2.3 Community Centres
7.3 Payers
7.4 Patients

Chapter 8 Behavioral/Mental Health Care Software & Services Market: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

• Cerner Corporation
• Core solutions, Inc.
• EMIS Health
• Epic
• Meditab
• Holmusk
• Netsmart Technologies
• Qualifacts Systems, Inc.
• Welligent, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/tm2dfq/global_global?w=5

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