The Europe Referral Management Market would witness market growth of 12.2% CAGR during the forecast period (2022-2028).
When separate offices are using different EMRs, care coordination between them might be difficult. One advantage of using an EMR-independent referral management solution is that data can be shared between offices, enabling staff to exchange documents, patient notes, or basic data like updated phone numbers or patient appointment preferences in a Health Insurance Portability and Accountability Act (HIPAA) compliant manner without relying much on the busy offices.
This development in itself streamlines the workflow for staffs of primary care office, specialty office, emergency room discharge, and call center staff as it allows them to focus on the patients present on the premises. Thus, accomplish referral tasks with increased efficiency. It is advantageous for a health system to make referral procedures as easy as feasible. Since this will considerably enhance the likelihood that a patient will attend a recommendation appointment if he or she can arrange the appointment before leaving the referring provider's office.
The age distribution of the European population varies due to demographic factors, which will have a significant impact on the absolute number of disease episodes. In terms of specific causes of mortality, chronic diseases such as cancer, cardiovascular disease, chronic respiratory disease, diabetes, and mental illness account for 85% of fatalities in the EU. In many EU nations, lengthy wait periods for medical procedures like elective surgery have long been a problem.
The Germany market dominated the Europe Referral Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $409.8 million by 2028. The UK market is anticipated to grow a CAGR of 11.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Referral Management Market will Hit $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.
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