Global Behavioral / Mental Health Software Market Outlook 2030

In 2020, the global behavioral healthcare software and services market is estimated to be worth ~USD 3 billion and is expected to grow at a CAGR of ~12% during the forecast period 2022-2030. The adoption of management software by healthcare providers may improve the treatment of mental health problems. The use of integrated electronic medical records (EHR) can help behavioral health practices for effective practice management and cost savings. Remote mental health includes coordination with remote patients through video conferencing. Real-time monitoring systems help simplify communication between patients and care providers, and overcome barriers such as information sharing and confidentiality, especially in the case of substance use and mental health information. According to reports, approximately 21.5 million people in the United States suffered from substance use disorders in 2014. Of these, only 2.5 million received the necessary treatment. According to data from the Department of Health and Human Services, the US President�s budget provides $5.5 billion for the Substance Abuse and Mental Health Services Administration (SAMHSA) for fiscal year 2020. Although more than 74% of medical professionals have installed EHR systems, only 29% have the ability to share data with other payers and care providers. Due to a lack of awareness of the benefits of implementing behavioral health software, the percentage of primary care providers who completely lack the ability to share data is approximately 31%. COMPONENT INSIGHTS: The software sector dominated the behavioral healthcare software and services market in 2020. The increasing adoption of technology solutions to manage the financial, administrative and clinical functions of mental health care practices is a growth in the sector. The EHR system has built-in claims and billing functions to manage complex billing procedures, and its mobile version allows patients to access services anytime and anywhere. The software provides revenue cycle management to simplify the claims process. Software solutions allow mental health professionals to design and select the best treatment plan for people suffering from mental health problems such as depression, stress, anxiety, substance abuse, and addiction. Mental health software helps to design treatment plans based on clinical evidence and relevant patient records. DELIVERY MODE INFORMATION: Behavioral health software solutions are available for purchase and subscription. The subscription service sector accounted for most of the market share in 2020 and may record the fastest compound annual growth rate during the forecast period. Unlike large medical institutions or hospitals, most small mental health professionals have limited funds to invest in technology solutions. In addition, due to the small scale of their practice, these professionals are not eligible for large-scale use of HCE rewards. Therefore, the lack of reimbursement limits the use of EHR in small-scale mental health practices. Mental health professionals are reluctant to spend thousands of dollars on software solutions. Due to limited budgets, small-scale practices prefer subscription-based software solutions. Mental health professionals have multiple options to provide the best return on investment. END USE INFORMATION: On the basis of end-use, the behavioral healthcare software and service market has been divided into providers, payers, and patients. In terms of revenue in 2020, providers accounted for the largest market share. The limited number of specific EHR providers for mental health care has increased the demand for software providers. Due to the improvement in the repayment situation, the payer part may witness the fastest compound annual growth rate during the forecast period. Medicare provides insurance for remote mental health services. Function information: Revenue share in 2020, and is expected to maintain its market leading position throughout the forecast period. Behavioral health software provides clinical services, such as claims, documentation, appointment scheduling, billing, and coding. Market participants provide independent solutions and comprehensive solutions. REGIONAL INFORMATION: In terms of revenue, North America has the largest share of the behavioral healthcare software and services market in 2020. On the other hand, the Asia-Pacific region is expected to record the fastest compound annual growth rate during the forecast period. The increase in the elderly population in China and Japan is expected to drive regional growth. In January 2017, the integration of the new behavioral health integration code helped to integrate body care and behavioral treatment plans. CMS introduced the integration of behavioral health and collaborative psychiatric care models under the Chronic Care Management Services Initiative in 2017. In the United States, Medicare provides reimbursement for remote mental health services, making behavioral health software reimbursement scenarios promising. The increased awareness of mental health software has led to continuous improvements in medical insurance policies. For example, in November 2019, the U.S. Congress introduced the Tele-Mental Health Extension Act (HR 5201), which aims to exempt regional restrictions on guidelines for mental health services provided through telemedicine. SEGMENT COVERED BY THE REPORT: This report forecasts global, regional and national revenue growth, and analyzes the latest industry trends in each market segment from 2022-2030. For the purpose of this research, Kenneth Research has subdivided global behavioral health based on components, delivery models, functions, end-uses and regions. Nursing software and services market report: Outlook components (revenue, million dollars, 2022-2030 Years) Independent integrated software support service delivery model perspective (revenue, million dollars, 2022-2030)) Ownership subscription function perspective (income, million dollars, 2022-2030) clinical EHR decision support clinic care plan e-prescription telemedicine administration Patient/Customer Dispatch File Management Case Manager Management Business Intelligence Arial Finance Revenue Cycle Management Managed Revenue Centers General Ledger Revenue People, $20 million.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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