Seattle, WA -- (SBWIRE) -- 10/28/2019 -- In behavioral health, the privacy of data is the biggest concern for providers. Behavioral health providers are not allowed to share information on patients suffering from some mental illness or substance abuse to anyone who is not involved in the treatment of that particular patient. However, with the integration of data using behavioral IT tools, any healthcare professional unrelated to that case can access the patient's data. While initiatives such as the passing of the HIPAA and HITECH Act in the US have been taken to strengthen data security measures, cases of data infringement and data breaching are still high, which is restraining the growth of the behavioral health software market.

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Major contributing factors to these high costs are the need for and generation of excessive paperwork, causing loss of productivity amongst clinicians and improper revenue cycle management by behavioral health organizations. The need to resolve these issues has boosted attention on and the adoption of behavioral health software, as a means of reducing medication errors and paperwork; enhancing productivity by ensuring quick patient data access; improving workflow efficiency; and minimizing healthcare costs. These benefits of behavioral health software have driven their adoption, especially among large hospitals and community clinics.

The study estimates the behavioral health software market size for 2017 and projects its demand till 2025. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various players in the market. For the market estimation process, both top-down and bottom-up approaches were used to estimate and validate the mental health software market size of the market as well as to estimate the market size of various other dependent submarkets.

All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis from Worldwide Market Reports and presented in this report.

The objectives of this study are as follows:
- To define, describe, segment, and forecast the market by component, delivery model, functionality, end user, and region
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia, and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

Cerner Corporation, Epic Systems, NextGen Healthcare, Allscripts, CureMD, Mediware, Kareo, EMIS Health, Credible, Netsmart Technologies, Qualifacts, Core Solutions, THE ECHO GROUP, Careworks, Askesis Development, MindLinc, Welligent, Valant Medical, psHEALTH, iCareHealth , Accumedic, BestNotes

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