About Therapy Notes Software
Therapy Notes Software is a cloud-based mental/behavioural health software solution with electronic health records (EHR), a patient portal, patient scheduling, and medical billing capabilities. The system is appropriate for practises of all sizes, including those with numerous locations or physicians who require access outside of the office. Therapy Notes offers a variety of speciality note templates for a variety of medical specialties, including psychotherapy, psychiatry, and mental health. Medical practitioners may use Therapy Notes to generate and personalise treatment plans, progress notes, psychiatric assessments, termination notes, and other documents. Higher convenience and growing adoption of digital solutions has led to the growth of the therapy notes software market. North America is the dominant most market of Therapy Notes Software.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AccuPoint LLC (United States), Celerity LLC (United States), AdvancedMD, Inc. (United States), Kareo, Inc. (United States), Alleva Corp. (United States), Dr Cloud HER (United States), Azzly, Inc. (United States), Sigmund Software (United States), MedEZ (United States) and ClinicSource (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TherapyCharts LLC (United States), TheraScribe (United States) and BreezyNotes HER (United States).
Segmentation Overview
AMA Research has segmented the market of Global Therapy Notes Software market by , Application (ERM, Medical Billing, Appointment Scheduling and Others) and Region.
On the basis of geography, the market of Therapy Notes Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Therapy Notes Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On Premise will boost the Therapy Notes Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
ERM is Mostly Popularised due to Ease of Convenience for Physician and Patient to access all Medical Records from One Place
Market Growth Drivers:
Increasing Popularity of Automating Back Door Office Processes and Rising Adoption of Digital Solutions by Healthcare Industry
Challenges:
Training of Existing Staff with Software is required and Elderly People may have Problems in Understanding to Operate Software Solution
Restraints:
Presence of Alternate Software Solutions in Market Offering Integrated Solutions and Cyber Security Threats and Data Breach are Major Concern with Fear of Leakage of Personal Medical Records
Opportunities:
Mobile and Tablet based Applications are More Preferred than Computer Based Software
Market Leaders and their expansionary development strategies
In 2021, KKR & Co. Inc., one of the leading private equity investment firm based in United States has announced acquisition of majority stake in Therapy Brands, Inc., which is health software developer. The acquisition would enable Therapy Brands to accelerate its growth in market with help of KKR’s expertise in expanding healthcare businesses and scaling up technology based platforms.
In 2020, Therapy Brands, Inc., a United States based leading software provider for mental and behavioral health, rehabilitation and substance abuse has announced launch of its HIPAA-compliant Telehealth tool, which is to be integrated with multiple technology-based practice management products. Appointment scheduling, bespoke virtual waiting rooms, payment processing, and other features are available.
Key Target Audience
Therapy Notes Software Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.