Patient Referral Management Software Market Size, Share, Growth Analysis, By Deployment(Cloud & Web-based, On-premises), By Type(Inbound, Outbound.), By Component(Software and servicesSegmentEnd userSub-Segmentsproviders and payers), By Region - Industry Forecast 2024-2031

Patient Referral Management Software Market size was valued at USD 6.98 billion in 2019 and is poised to grow from USD 8.21 billion in 2023 to USD 30.03 billion by 2031, growing at a CAGR of 17.6% in the forecast period (2024-2031).

Patient Referral Management Softwares are becoming popular since they enable greater convenience for healthcare providers, payers and most importantly, patients.All the patient referral management software empowers health system to manage their end to end referral cycle with extensive visibility and thus enabling the providers to streamline the process, reduce medical error delays and get analytical insights for informed decision making.

Reduction in referral processing time, increase in the number of referral loop closures, Increase in the efficiency of referral coordinators, reduce manpower in operational expenses,reduction in incomplete and inappropriate referrals,reduction in patient referral leakage Are the various applications provided by patient referral management software all across the globe.Along with reduction in referral leakage, many referral management software provides patient communication, scheduling E consults and CRM.Many referral management software automatically prioritize specialty providers based on accepted insurance provider affiliation, average wait time, distance from patient, and other metrics in order to accurately match patient and provider.

US Patient Referral Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.