Pune, India -- (SBWire) -- 11/28/2018 --Mental health software is used to record and manage mental, behavioral, addiction treatment & date of patients. The software is designed to help the social and community services, by serving patient care in management of behavioral health, medications, depression, substance abuse diagnostic assessments and other health managements. The typical mental health software manages the patient records, cases and treatments, general practice, medications, and administrations. The Global Mental Health Software Market, in terms of revenue is expected to reach US$ 2586.4 Million by 2022.
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Some of the key participants in global mental health software market are Cerner Corporation, Netsmart Technologies Inc., Core Solutions, Inc., The Echo Group, Valant Medical Solutions Inc., Welligent, Inc., Qualifacts Systems, Inc., Credible Wireless, Inc., Meditab Software, Inc., Kareo, Inc., Compulink, Advanced Data Systems, MindLinc (Holmusk) and Nextgen healthcare amongst others.
In July 2018, Northern Tier Counseling announced an agreement with Qualifacts Systems, Inc a leading technology and services provider of electronic health records (EHR) for behavioral health and human services organizations. Northern Tier Counseling will use Qualifacts' EHR platform, CareLogic, as its Meaningful Use Certified EHR platform.
Mental illness is one of the largest cause of disability in UK. It is anticipated that the economic cost of mental illness could be reduced by greater focus on mental health prevention and promotion, coupled with early diagnostics and interventions. Moreover, increasing use of technology enabled care has implications for healthcare providers. For instance, care provided via using digital communications such as, e-visits, remote monitoring and e-prescriptions. Hence the areas of high unmet need that traditional approaches have struggled to address such as mental health will be tremendously promoted with the improving digitalization
The number of mental health apps has increased in past few years as the digital technology can support new ways of working with people at risk of suffering from mental health problems. Difficulty in integration and other technical challenges in software implementation are hampering the market growth. Moreover, growing emphasis on subscription model and potential for mental health software in emerging market is anticipated to offer lucrative growth opportunities to the global mental health software market during the forecast period.
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Clinical Functionality is projected to be the Dominant Segment During the Forecast Period, 2018 - 2023
Among functionality, clinical functionality is expected to capture the largest market share. The rising adoption of clinical functionality software by hospitals and clinicians to provide smooth accessibility to the healthcare system is expected to drive the growth of segment in the global market over the forecast period.
Increasing Adoption of Mental Health Software is anticipated to Drive the Market in North America
North America is estimated to capture the largest market share in mental health software market. This region is mainly driven by the factors such as increasing government support to widen behavioral health science, behavioral health reforms and increasing number of patients opting for behavioral health sciences. Moreover, increase in adoption of behavioral health issues, rise in number of patients with the mental disorders and high awareness among the people are expected to drive the North America market in coming years.
Mental Health Management Software Market is Fragmented with the Presence of Global and Regional Players
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Market By Component
- Support Services
- Software
o Integrated Software
o Standalone Software
Market By Delivery Model
- Subscription Models
- Ownership Models
Mental Health Software Market – By Functionality
- Clinical Functionality
- Electronic Health Records (EHR)
- Clinical Decision Support (CDS)
- Care Plans/Health Management
- E-Prescribing
- Telehealth
Administrative Functionality
o Patient/Client Scheduling
o Document/Image Management
o Case Management
o Business Intelligence (BI)
o Workforce Management
Financial Functionality
- Revenue Cycle Management
- Managed Care
- Accounts Payable/General Ledger
- Payroll
Market By End User
- Providers
- Community Clinics
- Hospitals
- Private Practices
- Payers
- Patients
Mental Health Software Market – By Region:
- North America
- U.S.
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Rest of Latin America
