Global Referral Management Market
Global Referral Management Market was valued at USD 2820.22 million in 2019 which is expected to reach USD 9760.33 million by 2027 at a CAGR 22.87%.
Referral Management system is widely used in healthcare sectors such as hospitals, and clinics etc., to keep track of patient referrals information throughout their treatment period. This system mainly focuses on improving the communication between different healthcare providers which are involved inpatient care. Also, this system helps in managing the patient’s revenue cycle and processing the claims efficiently.
Increase in government initiatives to incorporate IT solutions in healthcare is the key driving factor which is expected to boost the global referral management market. Furthermore, increase in geriatric population and subsequent increase in the incidence of chronic diseases will positively contribute the market growth. Moreover, increase in adoption of cloud based systems which are expected to propel the global referral management market growth. In addition to that, rise in collaboration and partnership activities by key players will fuel the market growth. For instance, in Aug 2019, Cantex, and Diakon had partnered with Netsmart for launch of Netsmart Referral Manager. Netsmart referral manager can accept electronic referrals and automates the referral process.
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However, lack of awareness and lack of skilled and trained healthcare IT professionals are the major challenging factors which are expected to hinder the global referral management market growth. Also, reluctance to adopt HCIT solutions and data security concerns will affect the market.
Market Key Players
Various key players are discussed in this report such as CERNER CORPORATION, CAREPORT HEALTH, OPTUM, INC, CHANGE HEALTHCARE, EHEALTH TECHNOLOGIES, KYRUUS, PERSISTENT SYSTEMS, and HEALTHVIEWX
Market Taxonomy
By Type
By Deployment
By Component
By End User
By Region
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Global Referral Management Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Referral Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Referral Management Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Referral Management Market Share Analysis, By Type
5.3 Global Referral Management Market Size and Forecast, By Type
5.3.1 Self-Referral
5.3.2 Professional Referral
5.3.3 Third Party Referral
6 Global Referral Management Market, By Deployment
6.1 Y-o-Y Growth Comparison, By Deployment
6.2 Global Referral Management Market Share Analysis, By Deployment
6.3 Global Referral Management Market Size and Forecast, By Deployment
6.3.1 Web- Based Delivery Mode
6.3.2 Cloud Based Delivery Mode
6.3.3 On-Premise Delivery Mode
7 Global Referral Management Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Referral Management Market Share Analysis, By Component
7.3 Global Referral Management Market Size and Forecast, By Component
7.3.1 Strategic Planning, and Project Management
7.3.2 Workplace and Relocation Management
7.3.3 Software
7.3.4 Services
8 Global Referral Management Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Referral Management Market Share Analysis, By End User
8.3 Global Referral Management Market Size and Forecast, By End User
8.3.1 Providers
8.3.2 Patients
8.3.3 Payers
8.3.4Others
9Global Referral Management Market, By Region
9.1 Global Referral Management Market Share Analysis, By Region
9.2 Global Referral Management Market Share Analysis, By Region
9.3 Global Referral Management Market Size and Forecast, By Region
10 North America Referral Management Analysis and Forecast (2020 – 2027)
10.1 Introduction
10.2 North America Referral Management Product Market Share Analysis, By Type
10.3 North America Referral Management Product Market Size and Forecast, By Deployment
10.4 North America Referral Management Product Market Size and Forecast, By Component
10.5 North America Referral Management Product Market Size and Forecast, By End User
10.6 North America Referral Management Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
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