The North America Referral Management Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
Health systems can decrease patient leakage, enhance care coordination, and match patients with the care they require by adopting a proactive referral management strategy. Additionally, referral management software offers health systems insight into referral patterns that help them optimize provider networks for greater patient access, resulting in shorter wait times for patients, better utilization of network, and better patient care. The apt flow that the referral management provides also helps in maintaining an optimal patient count. It also prevents wrong referrals and takes care of time optimization.
In the healthcare sector, maintaining an accurate health care provider list that is also useful has long been a concern. Although it itself is an issue that many businesses encounter as they work to handle numerous sources of conflicting information, it is not as straightforward as the accuracy of a provider's name and location. A healthcare provider database must show which offices the provider practices in, what insurance plans the provider accepts at which offices, whether the provider is accepting new patients, and other information in order to maintain correct data.
The North America region has strong healthcare systems in the world. Given the rise in the number of patients in this region, the promotion of better technological adoption is a favorable approach for governments. The United States spends more than any other country on health care services. On average, it spends twice more per person than the other Organization for Economic Co-operation and Development (OECD) nations. These expenses suit to fit as in the US, 6 out of 10 adults have a chronic illness. And about 40 percent of them have multimorbidity.
The US market dominated the North America Referral Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,739.7 million by 2028. The Canada market is poised to grow at a CAGR of 14.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.7% during (2022 - 2028).
Based on Type, the market is segmented into Inbound Referrals and Outbound Referrals. Based on Component, the market is segmented into Software and Services. Based on Mode of Delivery, the market is segmented into Cloud-based and On-premise. Based on End User, the market is segmented into Providers, Payers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Referral Management Market is Estimated to reach $6.4 Billion by 2028, at a CAGR of 12.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GetWellNetwork, Inc., Epic Systems Corporation, Oracle Corporation (Cerner Corporation), CarePort Health (WellSky Corporation), eHealth Technologies, Inc., UnitedHealth Group, Inc. (Optum, Inc.), Persistent Systems Limited, Cloudmed (R1 RCM, Inc.), EcoSoft Health, and ReferWell.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Inbound Referrals
- Outbound Referrals
By Component
By Mode of Delivery
By End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- GetWellNetwork, Inc.
- Epic Systems Corporation
- Oracle Corporation (Cerner Corporation)
- CarePort Health (WellSky Corporation)
- eHealth Technologies, Inc.
- UnitedHealth Group, Inc. (Optum, Inc.)
- Persistent Systems Limited
- Cloudmed (R1 RCM, Inc.)
- EcoSoft Health
- ReferWell
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Referral Management Market, by Type
1.4.2 North America Referral Management Market, by Component
1.4.3 North America Referral Management Market, by Mode of Delivery
1.4.4 North America Referral Management Market, by End User
1.4.5 North America Referral Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Apr – 2021, Oct) Leading Players
Chapter 4. North America Referral Management Market by Type
4.1 North America Inbound Referrals Market by Country
4.2 North America Outbound Referrals Market by Country
Chapter 5. North America Referral Management Market by Component
5.1 North America Software Market by Country
5.2 North America Services Market by Country
Chapter 6. North America Referral Management Market by Mode of Delivery
6.1 North America Cloud-based Market by Country
6.2 North America On-premise Market by Country
Chapter 7. North America Referral Management Market by End User
7.1 North America Providers Market by Country
7.2 North America Payers Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Referral Management Market by Country
8.1 US Referral Management Market
8.1.1 US Referral Management Market by Type
8.1.2 US Referral Management Market by Component
8.1.3 US Referral Management Market by Mode of Delivery
8.1.4 US Referral Management Market by End User
8.2 Canada Referral Management Market
8.2.1 Canada Referral Management Market by Type
8.2.2 Canada Referral Management Market by Component
8.2.3 Canada Referral Management Market by Mode of Delivery
8.2.4 Canada Referral Management Market by End User
8.3 Mexico Referral Management Market
8.3.1 Mexico Referral Management Market by Type
8.3.2 Mexico Referral Management Market by Component
8.3.3 Mexico Referral Management Market by Mode of Delivery
8.3.4 Mexico Referral Management Market by End User
8.4 Rest of North America Referral Management Market
8.4.1 Rest of North America Referral Management Market by Type
8.4.2 Rest of North America Referral Management Market by Component
8.4.3 Rest of North America Referral Management Market by Mode of Delivery
8.4.4 Rest of North America Referral Management Market by End User
Chapter 9. Company Profiles
9.1 Oracle Corporation (Cerner Corporation)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 UnitedHealth Group, Inc. (Optum, Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.4 Epic Systems Corporation
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.5 GetWellNetwork, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.2.2 Acquisition and Mergers:
9.6 ReferWell
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.7 CarePort Health (WellSky Corporation)
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 eHealth Technologies, Inc.
9.8.1 Company Overview
9.9 Cloudmed (R1 RCM, Inc.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Recent strategies and developments:
9.9.3.1 Acquisition and Mergers:
9.1 EcoSoft Health
9.10.1 Company Overview
TABLE 1 North America Referral Management Market, 2018 - 2021, USD Million
TABLE 2 North America Referral Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Referral Management Market
TABLE 4 Product Launches And Product Expansions– Referral Management Market
TABLE 5 Acquisition and Mergers– Referral Management Market
TABLE 6 North America Referral Management Market by Type, 2018 - 2021, USD Million
TABLE 7 North America Referral Management Market by Type, 2022 - 2028, USD Million
TABLE 8 North America Inbound Referrals Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Inbound Referrals Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Outbound Referrals Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Outbound Referrals Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Referral Management Market by Component, 2018 - 2021, USD Million
TABLE 13 North America Referral Management Market by Component, 2022 - 2028, USD Million
TABLE 14 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Referral Management Market by Mode of Delivery, 2018 - 2021, USD Million
TABLE 19 North America Referral Management Market by Mode of Delivery, 2022 - 2028, USD Million
TABLE 20 North America Cloud-based Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Cloud-based Market by Country, 2022 - 2028, USD Million
TABLE 22 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 23 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Referral Management Market by End User, 2018 - 2021, USD Million
TABLE 25 North America Referral Management Market by End User, 2022 - 2028, USD Million
TABLE 26 North America Providers Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Providers Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Payers Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Payers Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Referral Management Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Referral Management Market by Country, 2022 - 2028, USD Million
TABLE 34 US Referral Management Market, 2018 - 2021, USD Million
TABLE 35 US Referral Management Market, 2022 - 2028, USD Million
TABLE 36 US Referral Management Market by Type, 2018 - 2021, USD Million
TABLE 37 US Referral Management Market by Type, 2022 - 2028, USD Million
TABLE 38 US Referral Management Market by Component, 2018 - 2021, USD Million
TABLE 39 US Referral Management Market by Component, 2022 - 2028, USD Million
TABLE 40 US Referral Management Market by Mode of Delivery, 2018 - 2021, USD Million
TABLE 41 US Referral Management Market by Mode of Delivery, 2022 - 2028, USD Million
TABLE 42 US Referral Management Market by End User, 2018 - 2021, USD Million
TABLE 43 US Referral Management Market by End User, 2022 - 2028, USD Million
TABLE 44 Canada Referral Management Market, 2018 - 2021, USD Million
TABLE 45 Canada Referral Management Market, 2022 - 2028, USD Million
TABLE 46 Canada Referral Management Market by Type, 2018 - 2021, USD Million
TABLE 47 Canada Referral Management Market by Type, 2022 - 2028, USD Million
TABLE 48 Canada Referral Management Market by Component, 2018 - 2021, USD Million
TABLE 49 Canada Referral Management Market by Component, 2022 - 2028, USD Million
TABLE 50 Canada Referral Management Market by Mode of Delivery, 2018 - 2021, USD Million
TABLE 51 Canada Referral Management Market by Mode of Delivery, 2022 - 2028, USD Million
TABLE 52 Canada Referral Management Market by End User, 2018 - 2021, USD Million
TABLE 53 Canada Referral Management Market by End User, 2022 - 2028, USD Million
TABLE 54 Mexico Referral Management Market, 2018 - 2021, USD Million
TABLE 55 Mexico Referral Management Market, 2022 - 2028, USD Million
TABLE 56 Mexico Referral Management Market by Type, 2018 - 2021, USD Million
TABLE 57 Mexico Referral Management Market by Type, 2022 - 2028, USD Million
TABLE 58 Mexico Referral Management Market by Component, 2018 - 2021, USD Million
TABLE 59 Mexico Referral Management Market by Component, 2022 - 2028, USD Million
TABLE 60 Mexico Referral Management Market by Mode of Delivery, 2018 - 2021, USD Million
TABLE 61 Mexico Referral Management Market by Mode of Delivery, 2022 - 2028, USD Million
TABLE 62 Mexico Referral Management Market by End User, 2018 - 2021, USD Million
TABLE 63 Mexico Referral Management Market by End User, 2022 - 2028, USD Million
TABLE 64 Rest of North America Referral Management Market, 2018 - 2021, USD Million
TABLE 65 Rest of North America Referral Management Market, 2022 - 2028, USD Million
TABLE 66 Rest of North America Referral Management Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of North America Referral Management Market by Type, 2022 - 2028, USD Million
TABLE 68 Rest of North America Referral Management Market by Component, 2018 - 2021, USD Million
TABLE 69 Rest of North America Referral Management Market by Component, 2022 - 2028, USD Million
TABLE 70 Rest of North America Referral Management Market by Mode of Delivery, 2018 - 2021, USD Million
TABLE 71 Rest of North America Referral Management Market by Mode of Delivery, 2022 - 2028, USD Million
TABLE 72 Rest of North America Referral Management Market by End User, 2018 - 2021, USD Million
TABLE 73 Rest of North America Referral Management Market by End User, 2022 - 2028, USD Million
TABLE 74 Key Information – Oracle Corporation
TABLE 75 Key Information – UnitedHealth Group, Inc.
TABLE 77 Key Information – Epic Systems Corporation
TABLE 78 Key Information – GetWellNetwork, Inc.
TABLE 79 Key Information – ReferWell
TABLE 80 Key Information – CarePort Health
TABLE 81 Key Information – eHealth Technologies, Inc.
TABLE 82 Key Information – Cloudmed
TABLE 83 Key Information – EcoSoft Health
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Apr – 2021, Oct) Leading Players
FIG 5 Recent strategies and developments: Oracle Corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 Recent strategies and developments: GetWellNetwork, Inc.
FIG 8 Recent strategies and developments: ReferWell