The Referral Management Market is expected to grow from USD 2.78 billion in 2019 to USD 11.84 billion by 2026 at a CAGR of 23% from 2020 to 2026.
Referral management system can be demarcated as an exclusive and powerful tool used in the healthcare industry to track patient referrals in the healthcare system. The primary intention of this system is to expand and update the communication among specialists, doctors, hospital administration, nurses, primary care physicians, and any other health providers that are involved in a patient''s care. This system is an inimitable and powerful tool for health providers to save track of their patient referrals throughout the care continuum. Its main goal is to expand and streamline communication among primary care physicians, specialists, and any other health providers involved in a patient''s care. Referral management is a computer-assisted software system which is being used to keep track of patient referrals within an organization or between multiple organization. Owing to the rapid integration of IT services and technologies in healthcare solutions, demand for these systems is growing at a high growth rate. It is another management system that the whole thing to smoothen the services. Furthermore, with the increased number of patients and well-organized healthcare service management, healthcare providers are shifting towards these systems. Additionally, investment in the public and private spending healthcare sectors is augmenting the market value for the global referral management market. The global market is segregated on the basis of Component as Services and Software. Based on Mode of Delivery the global market is segmented in Cloud-Based Solutions, On-Premise Solutions, and Web-Based Solutions. Based on End User the global market is segmented in Patients, Payers, Providers, and Others. Based on Type, the global market is segmented in Third Party-Referral, Professional-Referral, and Self-Referral.

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The global Referral Management market has been segmented as below:
By Component
Services
Consulting Services
Implementation Services
Training & Education
Post-Sale & Maintenance Services
Software
Standalone Software
Integrated Software
By Mode of Delivery
Cloud-Based Solutions
On-Premise Solutions
Web-Based Solutions
By End-User
Patients
Payers
Providers
Others
By Type
Third Party-Referral
Professional-Referral
Self-Referral
By Region
Europe
North America
Asia Pacific
Rest of The World

Competitive Rivalry
Referralmd, The Advisory Board Company, Clarity Health Service, Inc, Harris Corporation, Eceptionist, Inc, Allscripts Healthcare Solutions, Inc, Cerner Corporation, Ehealth Technologies, Inc, Kyruus, Inc, Mckesson Corporation, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

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