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US Behavioural Healthcare Software market was valued at USD 1,294.4 million in 2022 and is poised to grow at a CAGR of 12% over 2023-2029. Behavioural Healthcare Software is a kind of electronic medical records (EMR) program created specifically to meet the demands of behavioral health specialty. The increased demand for special medical needs for mental and behavioral health patients in numerous environments drives the U.S. Behavioural healthcare software market. According to the National Institute of Mental Health, it is estimated that more than one in five U.S. adults live with a mental illness (57.8 million in 2021). Furthermore, the U.S. government has increased its investment associated with the treatment of behavioral health-related disorders and various campaigns for mental health awareness also propels the market growth. For instance, the National Mental Health Awareness Campaign (NMHAC), a nationwide nonpartisan public education campaign, was launched to identify, discuss, and seek help for mental health problems; and create a more accepting environment for them to do so and also promote the usage of behavioral healthcare software. However, the privacy breach of data is the biggest concern for providers along with high-priced software solutions for customers hinders the growth of the market. However, the increase in government reforms for medical practice regulations along with the passing of the HIPAA and HITECH Act in the US to strengthen data security measures, improved access to the internet and mobile technologies, and greater adoption of EMR software are anticipated to burgeon the market growth.
The market is expected to rise owing to the greater adoption of Electronic Health Records (EHR) software. Hospitals and medical practices maintain and share patient medical records using EHR software, which also automates clinical operations including invoicing and claims. Healthcare providers uses an electronic health records or electronic medical records (EMR) system because patients need to be able to access their medical records outside of the doctor's office. The majority of US healthcare facilities now use EHR software as their preferred method of charting, thanks to the American Recovery and Reinvestment Act of 2009. The global move to digital records is occurring at the same time as the US EHR business is expanding. By 2021, almost all non-federal acute care hospitals (96%) and approximately four out of five office-based physicians (78%) had embraced certified EHRs.
The US Behavioural Healthcare Software market valued at USD 1,294.4 Million in 2022 and is expected to grow at 12% CAGR over the forecast period 2023 – 2029.
The increased demand for special medical needs for mental and behavioral health patients in numerous environments drives the US Behavioural healthcare software market.
Privacy breach of data is the biggest concern for providers along with high-priced software solutions for customers restraining the US Behavioural healthcare software market.
Centene Corporation, Talkspace, Amwell, Appriss Health, Cerner Corporation, Core Solutions, Inc., Epic, Meditab, Holmusk, Netsmart Technologies, Qualifacts Systems, Inc., Welligent, Inc., SimplePractice, LLC, TherapyNotes, LLC, and TheraNest are a few companies operating in US Behavioural healthcare software market.