What is Behavioral or Mental Health Software Market?
Behavioral or mental health software supports the unique needs such as patient record keeping, billing and scheduling for mental health facilities. Physicians, therapists, and other behavioral health professionals can simplify both their front-office and patient-facing workflows, ensure compliance with code and industry regulations, and enable interoperability with the help of this software. This software can be used by practices or clinics of any size, as its functionality can vary from basic to robust.
The market study is being classified by Type (Software (Integrated and Standalone) and Support Service) and major geographies with country level break-up.
Kareo (United States), Meditab Software (United States), Advanced-Data Systems (United States), Qualifacts (United States), Compulink (United States), Welligent (United States), AdvancedMD (United States), Cerner (United States), Valent (United States), Credible Behavioral Health (United States), The Echo Group (United States) and Nextgen Healthcare (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Mindlinc (United States), Netsmart (United States) and Core Solutions (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Behavioral or Mental Health Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Behavioral or Mental Health Software market by Type, Application and Region.
On the basis of geography, the market of Behavioral or Mental Health Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Mental Disorders due to Hectic Lifestyle
- Increased Adoption of Management Software by Healthcare Providers
- Technological Advancements in Behavioral or Mental Health Software
- Privacy and Security Concerns related to Behavioral or Mental Health Software
- Potential for Behavioral Health Software in Emerging Markets
- Growing Emphasis on Subscription Models
- Shortage of Skilled Professionals
In September 2019, Martis Capital announced that it has closed a minority recapitalization with Credible Behavioral Health, Inc, a leading provider of electronic health record and practice management Software-as-a-Service solutions to the United States behavioral healthcare market.
Key Target AudienceBehavioral or Mental Health Software Developers, Emerging Companies, Research Professionals and End-users
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