About Referral Management
Referral management helps the patients to transition into the next step of their treatment at the critical moment. It takes place between primary care provider to specialist and also specialist to specialist. Also it updates the communication among specialists, doctors, nurses and other health providers which helps in reduction of patient leakage and match the care needed by them. Additionally, it brings all the data and images together which is fragmented among different healthcare professionals. Hence these factors are affecting the market growth positively.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Referral Management market throughout the forecasted period. 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.
Allscripts Healthcare Solutions, Inc. (United States), Cerner Corporation (United States), Ehealth Technologies, Inc. (United States), Kyruus, Inc. (United States), Mckesson Corporation (United States), Referralmd (United States), The Advisory Board Company (United States), Clarity Health Service, Inc. (United States), Harris Corporation (United States) and Eceptionist, Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Referral Management market by Type (Professional-Referral, Self-Referral and Third Party-Referral), Application (Hospitals, Clinics and Others) and Region.
On the basis of geography, the market of Referral Management 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 Components, the sub-segment i.e. Services will boost the Referral Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Payers will boost the Referral Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of delivery, the sub-segment i.e. On-Premise Delivery Mode will boost the Referral Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of automated referral processes
Market Growth Drivers:
Rising government initiatives for the implementation of IT solutions and Increasing prevalence of chronic diseases
Challenges:
Lack of skilled IT professionals in health care
Restraints:
Risk associated with the data breaching and Lack of ability to maintain outpatient attendance
Opportunities:
Rising geriatric population globally and Increasing adoption of cloud based models in developing economies
Market Leaders and their expansionary development strategies
In September 2023, Impact.com, the world’s leading partnership management platform, has acquired SaaSquatch, a best-in-class provider of customer referral software. Combining SaaSquatch’s technology with impact.com’s platform empowers brands to build authentic and valuable partnerships with their customers while providing them the ability to manage all their partnerships from one platform.The addition of SaaSquatch’s leading customer referral software further positions impact.com as an industry leader helping businesses manage all types of partnerships in one, unified platform.”
In October 2023, WellSky, a leading health and community care technology company, and announced the release of WellSky Enterprise Referral Manager, a new software solution that transforms referral, intake, and customer relationship management (CRM) processes for home health, hospice, and other home-based care agencies. The solution centralizes referral-related activities between staff members, allowing agencies to streamline and consolidate workflows, expand referral relationships, and accelerate the start of care for patients.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.