Mental health software is being highly being used by the psychiatric and substance abuse hospitals for efficient record keeping. Mental health software is an electronic medical records that helps psychiatric hospitals for managing administration, care delivery, patient records, billing and coding.
THE BUSINESS RESEARCH COMPANY VALUED THE PSYCHIATRIC AND SUBSTANCE ABUSE HOSPITALS MARKET AT $26 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for almost one-third of the global market share.
The chart below shows the year-on-year growth of the global psychiatric and substance abuse hospitals market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, Digitalization of information related to patients including their medical histories, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with electronic health records (EHRs). EHRs increase patient participation and improve diagnostic and treatment outcomes.
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Hospital Corporation of America (HCA) was the largest company in the global psychiatric and substance abuse hospitals market, with revenues of $11.6 billion for the financial year 2017. As a part of its growth strategy, Hospital Corporation of America has spent some money acquiring health IT services in recent years. However, much of its focus is on growing the services it offers in existing markets and the way it reaches patients.
Psychiatric and substance abuse services provide diagnostic, medical treatment and monitoring services for inpatients suffering from mental disorders or substance abuse disorders. Specialist physicians and other medical staff provide patient care services.
Psychiatric And Substance Abuse Hospitals Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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