SAN FRANCISCO, September 26, 2018 /PRNewswire/ --
The global behavioral/mental health care software and services marketsize is expected to reach USD 4.31 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting an 11.8% CAGR during the forecast period. Behavioral health management software facilitates
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These systems maintain confidentiality of patient information, especially in cases of mental health and substance abuse. The effectiveness and productivity of mental healthcare can be improved by integrating advanced behavioral health software solutions within existing mental healthcare infrastructure.
Behavioral healthcare providers help in reducing costs related to substance abuse by providing value-based medicine programs by preventing hospital readmissions. According to a survey by the Substance Abuse and Mental Health Services Administration (SAMHSA), the impact of substance abuse is estimated to be worth USD 600 billion every year in U.S.
The Cures Act will provide an opportunity to vendors to integrate with each other and enable care coordination of both parties. The act will facilitate interoperability between mental and overall healthcare providers. This cooperation will eliminate obstacles to reimbursement, simplify explanation of benefits, and enable insurance claim submissions for faster returns.
Browse full research report with TOC on "Behavioral/Mental Health Care Software & Services Market Analysis Report By End Use (Providers, Payers), By Component, By Delivery Model, By Function (Administrative, Clinical), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/behavioral-mental-health-care-software-market
Further Key Findings From the Report Suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global behavioral/mental health care software & services market based on component, delivery model, function, end use, and region:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: firstname.lastname@example.org
SOURCE Grand View Research, Inc.
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