Overview and Scope
A patient referral tracking system is a software or technological solution designed to manage and monitor the process of patient referrals within a healthcare organization or network. This system typically facilitates the referral process from one healthcare provider to another, such as from a primary care physician to a specialist or from a clinic to a hospital.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry 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.
The patient referral tracking systems market report table of contents includes:
1. Executive Summary
2. Patient Referral Tracking Systems Market Characteristics
3. Patient Referral Tracking Systems Market Trends And Strategies
4. Patient Referral Tracking Systems Market – Macro Economic Scenario
5. Global Patient Referral Tracking Systems Market Size and Growth
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31. Patient Referral Tracking Systems Market Other Major And Innovative Companies
32. Global Patient Referral Tracking Systems Market Competitive Benchmarking
33. Global Patient Referral Tracking Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Patient Referral Tracking Systems Market
35. Patient Referral Tracking Systems Market Future Outlook and Potential Analysis
36.Appendix
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