The U.S. Behavioral Health Care Software And Services Market size is expected to reach USD 2.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.8% from 2021 to 2028. 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 Children's Health Insurance Program (CHIP),
Medicaid, and Medicare.
Related Press
Release@ U.S.
Behavioral Health Care Software And Services Market Report
U.S. Behavioral Health Care Software And Services Market
Report Highlights
- 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 of SilverCloud
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
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment