Mental health software (MHS) is custom built software that enables psychologists to understand the behavior patterns of patient/s and suggest them best treatment plan to deal against stress, anxiety, addiction, depression etc.MHS is widely used software by various professionals. It has the ability to retrieve pharmacy, laboratory and radiology data observations on the patients been treated.
The software beholds various features for better operations that display patient demographics in concurrence with the admission facility of the hospital i.e. the application records patient demographics as well as displays availability of bed/s and current census. The software further provides the ability to have a customized report to address patient individual needs. Simply put, a mental health software also acts as an ERP that helps healthcare professionals run mental practices, and proving effective for administration management, patient records, workflow, care delivery, billing and coding.
Improved health reforms, encouraging government initiatives, rising number of people looking for behavioral health support pose are favorable factors and continue to boost the market growth. However, data privacy issues, shortage of skilled psychiatrists, healthcare IT professionals and lower approach to behavioral health EHRs are some of the market restraints.
On the basis of component, the global mental health care software market is bifurcated into support services and software. Software is further bifurcated into integrated component and standalone component.
On the basis of delivery model, the mental health care software market is segmented into ownership model and subscription model. The subscription model dominates the segment owing to data centralization capacities, higher level of interoperability, software auto-upgrades and ease of customization. In addition, it offers cost-effectiveness as it eliminates the cost of software and hardware.
On the basis of function, the global market for health care is segmented into business and clinical decision support. The business segment accounts for the largest share in global market followed by clinical decision segment.
By functionality, the mental health care market is segmented into Clinical functionality, administrative functionality and financial functionality. Clinical functionality is further bifurcated into electronic health records (EHRs), clinical decision support (CDS), E-prescribing, Telehealth and care plans/health management. Administrative functionality is further bifurcated into business intelligence, document management/Imaging, patient/client scheduling, workforce management and case management. Financial functionality is further bifurcated into revenue cycle management, managed care accounts and payable/general ledger.
On the basis of end-user, the market is segmented into provider, payers and residential. Providers is further sub-segmented into community clinics, hospitals and private practices.
On the basis of geography, the market spans North America, Europe, Asia-Pacific, Middle-east and Africa. North America dominates the global market share owing to factors like increasing government support to widen behavioral health science, behavioral health reforms and increasing number of patients opting for behavioral health sciences.
The key players in the market include Qualifacts, Cerner Corporation, Netsmart Technologies, Credible Behavioral health software, Accumedic, Askesis Development Group Inc, Valant Medical solutions Inc, BestNotes, Welligent Inc and NextGen Healthcare.
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