Behavioral Health Software Market and its Key Opportunities and Challenges

Posted on 2019-10-25 by MarketsandMarkets in Healthcare, Marketing, Media, Pharmaceuticals, Software, Technology // 0 Comments

CITY, Country, 2019-Oct-24 — /EPR Network/ —

The Behavioral Health Software Market is expected to reach USD 2.31 Billion by 2022 from USD 1.02 Billion in 2016, growing at a CAGR of 14.8% during the forecast period, as per a report by MarketsandMarkets.

How Telehealth as a means of providing care services present an opportunity?

The adoption of telehealth solutions to suit the needs of mental and behavioral healthcare may present a unique opportunity for players in this market. Primarily, telehealth will address the problem of accessibility, whether at the patient’s or provider’s side. Patients may be unable to secure adequate care and counseling depending on their location. On the other hand, providers may have challenges stemming from high patient volumes and similar concerns.

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Telehealth solutions provide increased choice and flexibility in treatment while ensuring access to quality, convenient, private, and affordable care. A growing focus on telehealth as a means of broadening the reach and access to behavioral health, therefore, may provide significant growth opportunities in this market.

Why difficulty in integration and other technical challenges in software implementation is a challenge?

Behavioral health organizations have dozens of different clinical and financial systems. Depending upon size and requirement, every organization requires different equipment and technologies. Most solutions are developed by different vendors and cannot be easily integrated together due to technical complexities, thereby posing a challenge to the greater adoption of behavioral health software.

Additionally, IT providers face a range of challenges when it comes to the installation of IT solutions in behavioral health organizations. Behavioral healthcare is a unique healthcare setting, encompassing a wide range of services from outpatient substance abuse treatment to full-time, residential psychiatric care, and within these services, the type of care provided also differs. For instance, a major challenge that IT developers may face during EHR implementation is the unsuccessful transfer of information from behavioral health organizations from their original system to an EHR that has the tools to perform the same functions. Even though the transition of data from one EHR platform to the other may be difficult, this is not the greatest test that behavioral health EHR adoption will have to face.

Additionally, it is also may be challenging to create a system that is fully interoperable and is still compliant with security standards. It is essential to protect patient data while sharing information with the providers in charge of coordinating the patient’s overall care. As there are many different recovery and treatment plans used now for patients, the system must be flexible and ready to move information wherever and whenever required.

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