Behavioral Health Software Market by Components, Delivery Model, Functionality, and End User - Analysis and Forecast to 2023
Behavioral Health Software Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, September 21, 2018 ) Industry Trend Analysis
The behavioral health software is expected to be around 2.80 billion by 2023 from around 0.78 billion in 2014 while growing at a CAGR of 15.24%. The market is mainly driven by factors such as expanding government support for growing behavioral health services, behavioral health changes, and rising patient base looking for behavioral health services. Moreover, consistent technological advancement in behavioral health software is also expected to favorably contribute to the market growth during the forecast period. However, factors such as low deployment rate of the software in hospitals, difficulty in implementation, lack of skilled healthcare staff and physiatrists, and the lack of data privacy are some of the factors, restraining the growth of the global mental health software market.
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Competitive Insights
Behavioral health software includes broad arrangements with solution that aids providers of behavioral health software to cut the cost in services, upgrade effectiveness, and enhance the nature of patient care. The global behavioral health software market is growing expressively, due to great potential of subscription model.
Some of the major players operating in the global Behavioral Health Software market are, Allscripts, Cerner Corporation, MindLinc, Credible Behavioral Health, Inc., Askesis Development Group Inc, eClinicalWorks, Epic Systems Corporation, NextGen Healthcare Information Systems(subsidiary of Quality Systems), General Electric Company, The Echo Group, Valant Medical Solutions Inc. and others.
Product Outlook and Trend Analysis
Support services represent the major share in this market, essentially due to the repeating prerequisite for these services for up gradation of software and maintenance services. The software market is categorized into the integrated and standalone software. The deployment rate of integrated software is higher as they are easy to use and smoothly integrated with various functionalities, thereby these software’s helps for reducing overall cost.
Delivery Model Outlook and Trend Analysis
The subscription model in the segment of the delivery model is supposed to witness heavy growth in behavioral health software market, as it is more user-friendly and cost-effective than the ownership model. Also due to the accessibility of web hosted and the cloud-hosted services subscription model is highly utilized in the healthcare sector.
End User Outlook and Trend Analysis
The end user segment is divided into providers, payers and residential. Providers are the major end users of this software; this end-client portion is partitioned into hospitals, private practices, and community clinics. They utilize this software for scheduling appointments, workforce management, maintaining patient records, revenue cycle management, and others.
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Regional Outlook and Trend Analysis
Asia is relied upon to be the fastest growing region, due to expanding health care services use and expanding government activities and support within the region. Furthermore, the market in Asia is growing, due to increasing awareness about behavioral health software in the emerging countries, such as India and China. North America is expected to dominate the global market in the coming years, due to the expansion of government supports and expanding patient base looking for behavioral services.
Behavioral Health Software Market Segmentation:
By Component
Support Service
Software
Integrated
Standalone
By Delivery Model
Ownership Model
Subscription Model
By Functionality
Clinical
Electronic Health Records (EHRs)
Clinical Decision Support (CDS)
E-Prescribing
Care Plans/Health Management
Telehealth
Administrative
Document Management/Imaging
Business Intelligence
Patient/Client Scheduling
Workforce Management
Case Management
Financial
Accounts Payable/General Ledger
Payroll
Revenue Cycle Management
Managed Care
By End User
Providers
Community Clinics
Hospitals
Private Practices
Payers
Residential
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
The behavioral health software is expected to be around 2.80 billion by 2023 from around 0.78 billion in 2014 while growing at a CAGR of 15.24%. The market is mainly driven by factors such as expanding government support for growing behavioral health services, behavioral health changes, and rising patient base looking for behavioral health services. Moreover, consistent technological advancement in behavioral health software is also expected to favorably contribute to the market growth during the forecast period. However, factors such as low deployment rate of the software in hospitals, difficulty in implementation, lack of skilled healthcare staff and physiatrists, and the lack of data privacy are some of the factors, restraining the growth of the global mental health software market.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/ICT/QBI-CMR-ICT-54719
Competitive Insights
Behavioral health software includes broad arrangements with solution that aids providers of behavioral health software to cut the cost in services, upgrade effectiveness, and enhance the nature of patient care. The global behavioral health software market is growing expressively, due to great potential of subscription model.
Some of the major players operating in the global Behavioral Health Software market are, Allscripts, Cerner Corporation, MindLinc, Credible Behavioral Health, Inc., Askesis Development Group Inc, eClinicalWorks, Epic Systems Corporation, NextGen Healthcare Information Systems(subsidiary of Quality Systems), General Electric Company, The Echo Group, Valant Medical Solutions Inc. and others.
Product Outlook and Trend Analysis
Support services represent the major share in this market, essentially due to the repeating prerequisite for these services for up gradation of software and maintenance services. The software market is categorized into the integrated and standalone software. The deployment rate of integrated software is higher as they are easy to use and smoothly integrated with various functionalities, thereby these software’s helps for reducing overall cost.
Delivery Model Outlook and Trend Analysis
The subscription model in the segment of the delivery model is supposed to witness heavy growth in behavioral health software market, as it is more user-friendly and cost-effective than the ownership model. Also due to the accessibility of web hosted and the cloud-hosted services subscription model is highly utilized in the healthcare sector.
End User Outlook and Trend Analysis
The end user segment is divided into providers, payers and residential. Providers are the major end users of this software; this end-client portion is partitioned into hospitals, private practices, and community clinics. They utilize this software for scheduling appointments, workforce management, maintaining patient records, revenue cycle management, and others.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/ICT/QBI-CMR-ICT-54719
Regional Outlook and Trend Analysis
Asia is relied upon to be the fastest growing region, due to expanding health care services use and expanding government activities and support within the region. Furthermore, the market in Asia is growing, due to increasing awareness about behavioral health software in the emerging countries, such as India and China. North America is expected to dominate the global market in the coming years, due to the expansion of government supports and expanding patient base looking for behavioral services.
Behavioral Health Software Market Segmentation:
By Component
Support Service
Software
Integrated
Standalone
By Delivery Model
Ownership Model
Subscription Model
By Functionality
Clinical
Electronic Health Records (EHRs)
Clinical Decision Support (CDS)
E-Prescribing
Care Plans/Health Management
Telehealth
Administrative
Document Management/Imaging
Business Intelligence
Patient/Client Scheduling
Workforce Management
Case Management
Financial
Accounts Payable/General Ledger
Payroll
Revenue Cycle Management
Managed Care
By End User
Providers
Community Clinics
Hospitals
Private Practices
Payers
Residential
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54719
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results