Referral Management Market

Market Leader - Referral Management Market

The referral management market is projected to reach USD 6.0 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 16.7%. The growth of this market is driven by the Increasing government initiatives to incorporate IT solutions in healthcare, benefits offered by automated referral processes, and the rising geriatric population and the subsequent increase in the incidence of chronic diseases.

Cerner Corporation (US), CarePort Health (An Allscripts Company) (US), eHealth Technologies (US), ReferralMD (US), Persistent Systems (India), Eceptionist (US), Kyruus (US), Arcadia (US), Fibroblast (US), par8o (US), Change Healthcare (US), Optum (US), HealthViewX (US), Conifer Health Solutions (US), Blockit (US), DentalCareLinks (US), ReferWell (US), EcoSoft Health (US), EZ Referral (Canada), and Keet Health (US). are considered to be the leading players in the referral management market.

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Cerner Corporation is the leading player in the referral management market. It is one of the oldest providers of healthcare IT solutions. It was the largest player in the referral management market in 2019 Cerner has been in business since 1979 and has been offering its Cerner Direct Referrals in the market since 2012. With over 210,000 referrals sent using Direct Referrals, to date, it serves as a replacement for other ad hoc non-secure communications, such as fax, phone, and paper, to securely share referral information. Cerner supports the ONC’s 360X Closed Loop Referral initiative, focused on enabling providers to exchange patient information for referral management. The company is an active participant in the Direct Project initiative, which entails the development of a set of standards, policies, and services for the secure transport of health information between authorized care providers.

CarePort Health (An Allscripts Company) held the second position in the referral management market in 2019. The company offers a wide range of products and services in the referral management market. The company’s leading position can be attributed to its CarePort Referral Management solution, which ensures a streamlined patient care process by selecting suitable care providers for individual patient needs. The company was fully acquired by Allscripts in 2016 and has taken over the management of Allscripts’ Care Management technology (acquired from ECIN in 2008), which is used in more than 1,000 hospitals across the country and has a built-in network of more than 20,000 providers. In the wake of the COVID-19 pandemic, CarePort developed Transitions of Care (ToC) Hub in March 2020. This platform provides health departments, care providers, and payers with the latest insights and trends of COVID-19 in order to aid clinical decision-making, effective utilization of resources, and capacity planning.

eHealth Technologies  held the third position in the referral management market in 2019. The company’s eHealth Connect solution enhances patient and physician satisfaction by streamlining referrals and intelligently aggregating patients’ clinical records. The company works with prominent HIEs and the nation’s top-ranked hospitals, including 16 of the 20 US News and World Report Honor Roll Hospitals for 2018-2019. The company focuses on inorganic growth strategies in order to strengthen its position in the market. In light of the coronavirus pandemic, eHealth Technologies joined a coalition of private-sector healthcare technology firms, nonprofits, academia, and startups (organized by MITRE Corporation) to share its expertise and capabilities as a response to the novel coronavirus.

Related Reports:

Referral Management Market By Component (Software [Integrated, Standalone], Services), Mode of Delivery (Cloud-Based, On-Premise), Type (Inbound , Outbound), End User (Providers, Payers, Others) and Region - Global Forecasts to 2025

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Report Code
HIT 3236
RI Published ON
8/5/2020
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