Patient Referral Tracking Systems Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | UnitedHealth Group Incorporated, McKesson Corporation, International Business Machines Corporation, Oracle Corporation

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Patient Referral Tracking Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.7 billion In 2028 At A CAGR Of 16.3% :

The patient referral tracking system market size has grown rapidly in recent years. It will grow from $7.39 billion in 2023 to $8.58 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to fleet modernization in the navy, growing tensions in geopolitics, an emphasis on preparing for underwater warfare, the creation of unmanned systems, and cooperative defense projects.

The patient referral tracking system market size is expected to see rapid growth in the next few years. It will grow to $15.7 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to rising defense budgets, increasing investments in maritime surveillance capabilities, an increase in government funding, the increasing proliferation of submarines worldwide, and increasing risks to submarines. Major trends in the forecast period include increasing adoption of AI-driven referral optimization, the expansion of virtual care platforms, an emphasis on patient engagement and communication, integration with population health management strategies, and enhanced data analytics and reporting capabilities.

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Patient Referral Tracking Systems Market Major Segments
The patient referral tracking systems market covered in this report is segmented -

1) By Type: Inbound, Outbound
2) By Deployment Mode: Cloud-Based, On-Premise
3) By End-User: Healthcare Providers, Healthcare Payers, Patients, Other End-Users

Key Driver - Electronic Health Record Adoption Fueling Growth In Patient Referral Tracking Systems Market

The increasing adoption of electronic health records is expected to propel the growth of the patient referral tracking system market going forward. An electronic health record (EHR) is a digital version of a patient's medical history containing comprehensive health information that healthcare providers can access and share securely. The adoption of electronic health records is increasing due to the growing recognition of their benefits in improving healthcare efficiency, patient safety, and care coordination. Electronic health records are used in patient referral tracking systems to facilitate seamless communication and coordination between healthcare providers by documenting referral information, tracking patient progress, and ensuring continuity of care. For instance, in 2021, according to HealthIT.gov, a US-based official website for health information technology, a certified EHR was adopted by virtually all non-federal acute care hospitals (96%) and nearly 4 in 5 office-based physicians (78%) in the United States, compared to 72% in 2019. Therefore, the increasing adoption of electronic health records is driving the growth of the patient referral tracking system market.

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Prominent Trend - Centralized Referral Management Solutions Revolutionizing Home-Based Care

Major companies operating in the patient referral tracking systems market are developing centralized referral management solutions such as enterprise referral managers, to improve efficiency and coordination in healthcare settings. Enterprise referral manager is a referral management software that provides various benefits to healthcare organizations, including reduced referral leakage, decreased lead times, automatic reminders, secure patient information exchange, and others. For instance, in October 2023, WellSky, a US-based technology company, launched the WellSky enterprise referral manager. This purpose-built software solution aims to revolutionize referral, intake, and customer relationship management processes for home health, hospice, and other home-based care agencies. The solution promises to enhance staff efficiency, expand referral sources, and accelerate the start of care for patients. Its features include digital connectivity to multiple electronic health record systems, CRM capabilities for marketing liaisons, and seamless transitions between care settings.

Patient Referral Tracking Systems Market Players
Major companies operating in the patient referral tracking systems market report are UnitedHealth Group Incorporated, McKesson Corporation, International Business Machines Corporation, Oracle Corporation, Medtronic plc, GE Healthcare , Cerner Corporation, Epic Systems Corporation, Athenahealth Inc., eClinicalWorks LLC, Persistent Systems Limited, Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., Netsmart Technologies Inc., Greenway Health LLC, Surescripts LLC, CareCloud Corporation, Kareo Inc., PracticeSuite LLC, Practice Fusion Inc., AdvancedMD Inc., Insync Healthcare Solutions, eHealth Technologies Inc., Blockitnow Inc., Eceptionist Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the patient referral tracking systems market in 2023. The regions covered in the patient referral tracking systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Patient Referral Tracking Systems Market Report Structure
3. Patient Referral Tracking Systems Market Trends And Strategies
4. Patient Referral Tracking Systems Market - Macro Economic Scenario
5. Patient Referral Tracking Systems Market Size And Growth
…..
27. Patient Referral Tracking Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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