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Referral management software market to grow at 21.65% CAGR by 2021 according to new research report

The global Referral Management Software industry to grow at a CAGR of 21.65% during the period 2017-2021.

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The global Referral Management Software market research report identifies the following companies are the key players: Cerner, Eceptionist, eHealth Technologies, The Advisory Board Company, and Persistent Systems. Other Prominent Vendors in the market are: Axixe, AxSys Technology, Brightree, Clarity Health, Conifer Health Solutions, Docman, Etransmedia Technology, InnovAccer, InteliChart, KYRUUS, Medicalis, MyHealthDirect, Napier Healthcare, Patient Placement Systems, Streamlined Medical Solutions, TELUS, Treatspace, and Vantage Referral Management.

Complete report on the Referral Management Software Market Research Report spread across 75 pages, profiling 23 companies with table of content is now available at  www.reportsnreports.com/contacts/.aspx?name=1127662 

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Referral Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

One trend in the market is integration of analytics into healthcare services. The healthcare service providers need extensive referral management solutions to align the cost of care to the high-quality patient outcome.

The healthcare billing service companies play an important role in the healthcare sector, but these companies struggle to provide services in accordance with the ever-changing government regulations, which make medical billing more complex.”

According to the report, one driver in the market is increased adoption of cloud-based referral management software. Cloud systems allow companies to use the software on a pay-per-use basis, which makes it cost-effective.

Factors that drive the adoption of cloud-based referral management software are limited requirements for hardware infrastructure, easier and faster implementation of IT solutions, low maintenance costs, less dependency on in-house IT personnel, and no licensing costs. These factors enable organizations to focus on developing their core competencies.

Access this Report at www.reportsnreports.com/.aspx?name=1127662 .

Further, the report states that one challenge in the market is high implementation and maintenance cost. The high cost of deploying the on-premises referral management software is one of the major challenges in the market for small healthcare organizations.

The price of referral management software includes the cost of software licensing, system design and customization, implementation, training, and maintenance. The implementation of the software in an organization requires IT staff with the relevant skill set.

This report covers the present scenario and the growth prospects of the global referral management software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of referral management software licenses, maintenance and support, installation, customization, and training.

Referral management software is used in the healthcare sector by the healthcare providers and physicians in hospitals and clinics as it helps reduce and manage operational expenses, streamline administrative tasks, and improve the overall quality of treatment and care of the patients. It also enables efficient management of patient revenue cycle and claims processing.

Referral management software is used to monitor, direct, or control patient referrals.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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