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Referral Management Market is expected to generate a revenue of USD 13.48 Billion by 2031, Globally, at 15.8% CAGR: Verified Market Research®

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The Referral Management Market is driven by the increasing demand for coordinated patient care, the rising adoption of digital healthcare solutions, and government initiatives promoting healthcare IT. Additionally, the growing need to reduce healthcare costs further fuels market growth. However, challenges such as data security concerns, high implementation costs, and the complexity of integrating referral management systems with existing healthcare infrastructure act as significant restraints.

LEWES, Del., Sept. 2, 2024 /PRNewswire/ — The Global Referral Management Market Size is projected to grow at a CAGR of 15.8% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 4.17 Billion in 2023 and is expected to reach USD 13.48 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=2307

Browse in-depth TOC on “Global Referral Management Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Ambition, BetterUp, Boxever, Brand24, Extole, Fivestars, Greateasy, Influitive, Joolea, Kickback, Mention, NPSoftware, Outfunnel, ReferralCandy, RewardSheep, Socialbakers, Smarter Referrals, and Talkable

SEGMENTS COVERED

By Component, By Type, By Delivery Mode, By End-user, and By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Global Referral Management Market Overview

Growing Demand for Coordinated Patient Care: The Referral Management Market is primarily driven by the increasing need for integrated patient care. Healthcare providers are increasingly striving for smooth communication between different departments, which results in improved patient outcomes and operational efficiency. The adoption of referral management systems is directly driven by this demand, leading to market growth as institutions emphasize efficient operations and reduced inefficiencies.

Adoption of Digital Healthcare Solutions: The Referral Management Market is being significantly influenced by the swift transition towards digital healthcare solutions. Integrating referral management systems is crucial for healthcare providers to ensure continuity of care as they adopt electronic health records (EHRs) and telehealth services. The rapid adoption of advanced technologies by businesses is driving market expansion, as they seek to enhance patient experiences and maximize resource allocation.

Government Initiatives and Regulatory Support: Government initiatives and regulatory assistance play a vital role in driving the Referral Management Market. The implementation of policies that encourage the adoption of healthcare IT and the promotion of accountable care organizations (ACOs) contribute to the creation of a favorable setting for referral management systems. These regulatory frameworks promote the growth of the market by incentivizing healthcare providers to implement systems that guarantee compliance and enhance care coordination.

Data Security and Privacy Concerns: A significant limitation in the Referral Management Market is the apprehension over data security and privacy. The growing digitization of patient information poses a substantial issue in terms of the danger of data breaches and unauthorized access. These issues can impede market expansion as healthcare providers may be reluctant to employ referral management systems that do not provide complete assurance of data confidentiality and compliance with rigorous laws.

High Implementation and Maintenance Costs: The exorbitant expenses linked to the establishment and upkeep of referral management systems provide a substantial obstacle to market expansion. For numerous healthcare providers, especially smaller clinics, the initial capital expenditure and continuous costs can be restrictive. The financial load hampers the rate at which adoption occurs, especially in areas with constrained healthcare resources, hence impeding market growth.

Complexity of System Integration: The integration of referral management systems with current healthcare infrastructure is a significant obstacle in the industry. Healthcare providers often have difficulties in smoothly integrating these technologies with their existing EHRs and other digital tools, which can result in possible disruptions in operations. The complexity of this integration can discourage the adoption of new technologies, especially in facilities that still use outdated systems, which in turn restricts the expansion of the market.

Geographical Dominance:

Geographically speaking, North America dominates the referral management market due to its sophisticated healthcare infrastructure, high rate of digital health technology use, and robust regulatory environment. The region’s dominance has a substantial impact on market growth since it promotes innovation and establishes industry standards. Advancements are further accelerated by the well-established presence of leading market players in North America, which influences worldwide adoption trends and fuels total market expansion.

Key Players

The “Global Referral Management Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Ambition, BetterUp, Boxever, Brand24, Extole, Fivestars, Greateasy, Influitive, Joolea, Kickback, Mention, NPSoftware, Outfunnel, ReferralCandy, RewardSheep, Socialbakers, Smarter Referrals, and Talkable.

Global Referral Management Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Referral Management Market into Component, Type, Delivery Mode, End-user, and Geography.

Referral Management Market, by ComponentSoftwareServicesReferral Management Market, by TypeInbound ReferralsOutbound ReferralsReferral Management Market, by Delivery ModeWeb-basedCloud-basedOn-premiseReferral Management Market, by End-UserProvidersPatientsPayersOthersReferral Management Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Technology

Right Choice Construction Awarded Ground-up West Houston STEM Academy Project

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HOUSTON, Nov. 22, 2024 /PRNewswire/ — Right Choice Construction is awarded the ground-up build of Genius Kids STEM Academy. 

The state-of-the-art educational center will fulfill its mission of fostering a passion for STEM (Science, Technology, Engineering, and Math) among children in the rapidly growing communities west of Houston.

Dr. Ajmal Murad, CEO of Genius Kids STEM Academy, shares his excitement for the project: “We believe that nurturing a passion for STEM is crucial for shaping our community’s future. This center will serve as a valuable resource, empowering our children to explore their interests and develop critical thinking skills that will benefit them for years to come.”

Right Choice Construction has worked closely with Genius Kids STEM Academy to bring this 9,500 SQ FT vision to life.

“Our team is thrilled to collaborate with Genius Kids STEM on this exciting project,” says Right Choice Construction owner Danielle Wright. “Children are our future. We are proud to construct a learning environment that is both inspiring and conducive to the development of young minds.”

The structure’s design is tailored to reflect the school’s mission of facilitating an early education focused on science and discovery. Enlarged overhangs are incorporated into the building’s architecture to provide filtered natural light throughout the classroom spaces.

Project lead Eugenia Forgang of Houston based Daniel Scott Turner Design states, “We envisioned a low-roofed structure which stretches across the Katy Prairie. The school interiors weave a palette of natural materials designed to promote and support healthy indoor learning environments.”

The Katy-based STEM academy will support its community’s educational needs. Genius Kids aims to provide a cutting-edge space where children can engage in learning experiences that encourage curiosity and critical thinking.

About Right Choice Construction

Right Choice Construction is a woman-owned commercial construction company with over 25 years of experience in the industry. Right Choice Construction is a Certified City of Houston Women Business Enterprise (WBE) and Women-Owned Small Business (WOSB) under the Small Business Administration (SBA). Right Choice Construction specializes in ground-up construction, and its principles of compliance, quality and client satisfaction are at the core of its operations. Learn more at rightchoiceconstruction.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/right-choice-construction-awarded-ground-up-west-houston-stem-academy-project-302313559.html

SOURCE Right Choice Construction

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Unanet Acquires GovPro AI to Enable Customers to Win More Business

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Cutting-edge AI technology complements Unanet’s CRM solution by automating proposal writing

DULLES, Va., Nov. 22, 2024 /PRNewswire/ — Unanet, the leading provider of project-based enterprise resource planning (ERP) and customer relationship management (CRM) for the government contracting (GovCon) and architecture, engineering, and construction (AEC) industries, today announced it has acquired Washington, D.C.-based GovPro AI, the leader in AI-powered proposal writing platforms for GovCons. By incorporating GovPro AI’s technology into the Unanet product portfolio, Unanet is offering customers a solution to one of their most challenging and growth-constraining problems: the enormous amount of time, money, and resources invested in responding to complex and highly technical requests for proposals (RFP).

“Unanet is continuing to deliver on its promise to solve real business challenges for our customers,” said Steve Karp, Chief Innovation Officer, Unanet. “In addition to helping customers across the GovCon and AEC industries respond to RFPs more efficiently, GovPro AI’s technology and team will accelerate Unanet’s broader AI strategy via thought leadership, new technologies, and class-leading R&D methodologies that will benefit all our customers. We are excited to welcome this talented team of innovators to Unanet and invest in their solution, so it evolves to meet the constantly changing needs of our customers.”

Unanet chose GovPro AI to improve GovCons’ business development processes due to its unique and compelling blend of expertise in GovCon procurement processes, as well as the secure application of AI to solve real-world business needs. GovPro AI’s platform uses AI to create a high-quality first proposal draft – known to GovCons as the ‘pink team’ draft – for virtually any federal RFP in a matter of hours. Unanet plans to extend GovPro AI’s technology into the AEC market in 2025.

Industry experts estimate the cost of responding to a single RFP can typically be $50,000$100,000 — a significant investment for most firms and outright cost-prohibitive for smaller ones. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development resources as a challenge, and 69% say they are having issues winning new contracts.

This solution, backed by Unanet’s industry-leading service and support, enables customers to win more business faster, at a lower cost, and more strategically. GovCons can use the GovPro AI platform to reduce their average RFP time-to-draft by 70% and cut proposal generation costs in half. Additionally, customers can better evaluate their ‘go/no go’ decision-making and pursue those opportunities with a higher probability of winning.

Unanet can now offer its customers an option for a robust, comprehensive business development package composed of Unanet CRM and GovPro AI technologies, so they have:

Opportunity identification and assessmentRelationship managementPipeline managementAI-powered proposal generation

“Unanet’s commitment is to empower our customers’ business success with modern, purpose-built technology and people-centric service,” said Craig Halliday, CEO of Unanet. “When customers tell us about their business challenges, we evaluate all available options and invest in solving those challenges with best-in-class solutions either through in-house development, partnerships, or via acquisition. We’re on the same team as our customers, and it’s our job to support and further their success.”

GovPro AI was the brainchild of Alexander Cohen, who began contract writing government RFPs to earn extra money in graduate school. After his work helped win over $150M in business, it soon became clear there was a significant market opportunity to start a dedicated business focused on RFP preparation. Cohen and his select team of highly experienced experts from some of the world’s largest and most successful technology companies, government agencies, and GovCons started GovPro AI. Their first solution was a secure, highly specified RFP response platform leveraging generative AI technology. The depth of talent, technology, and management expertise made GovPro AI stand-out among other automation solutions.

“Being part of the Unanet team means we can advance our innovation and refine the solution features,” said Alexander Cohen, Founder of GovPro AI. “I’m looking forward to exploring new use cases for customers and continuing to deliver a more efficient, modern way of improving business development.”

Unanet completed the acquisition this month. Terms of the agreement were not disclosed. Current GovPro AI customers will continue to have full access to the solution at their original terms, with the addition of the Unanet customer service commitment.

About Unanet
Unanet is a leading provider of project-based ERP and CRM solutions purpose-built for government contractors, architecture, engineering, construction, and professional services. More than 4,000 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, maintain regulatory compliance, and accelerate business growth. All backed by a people-centered team invested in the success of your projects, people, and financials. For more information, visit www.unanet.com.

View original content:https://www.prnewswire.com/news-releases/unanet-acquires-govpro-ai-to-enable-customers-to-win-more-business-302313743.html

SOURCE Unanet

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Vectorworks, Inc. Wins at the 2024 Construction Computing Awards

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Vectorworks Architect Named Architectural Design Software of the Year at 18th Annual Awards.

COLUMBIA, Md., Nov. 22, 2024 /PRNewswire-PRWeb/ — Global design and BIM software provider Vectorworks, Inc. announces its latest accomplishment—Vectorworks Architect has been named Architectural Design Software of the Year at this year’s Construction Computing Awards. Winners were selected through public voting and a panel of expert judges and announced on Nov. 7 at the Leonardo Royal Hotel London City.

Design is at the core of what we do, and with the latest enhancements in Vectorworks 2025, we’re reinforcing our commitment to providing design professionals with tools that bring their boldest visions to life at every phase

The Construction Computing Awards, commonly known as “The Hammers,” honor the technology, tools, and solutions that drive efficient design, construction, maintenance, and modification in projects ranging from commercial buildings to social housing and civil engineering.

“It’s a tremendous honor that Vectorworks Architect was recognized for quality and versatility,” said Vectorworks Chief Marketing Officer Jeremy Powell. “This award highlights our dedication to empowering designers to push boundaries and achieve absolute creative expression and efficiency. Design is at the core of what we do, and with the latest enhancements in Vectorworks 2025, we’re reinforcing our commitment to providing design professionals with tools that bring their boldest visions to life at every phase.”

Built to showcase your skill and creativity, Vectorworks Architect allows you to sketch, model, and document in a fully integrated workflow with the world’s most design-centric BIM solution. With superior 2D graphics, 3D modeling, and visualization tools, Architect is built to deliver absolute creative expression and maximum efficiency.

Winners will be featured in the November/December 2024 issue of CAD User and Construction Computing magazines. The complete list of winners and runners-up is available on the Construction Computing Awards website.

To learn more about Vectorworks Architect, visit vectorworks.net/architect or experience the software with a 7-day free trial. Learn more about the latest release of Vectorworks, its interactive features, and more by visiting vectorworks.net/2025.

About Vectorworks, Inc.
Vectorworks, Inc. is an award-winning design and BIM software provider serving the architecture, landscape architecture and design, and entertainment industries in 85 countries. Professionals worldwide are using Vectorworks on Mac and Windows to create, connect, and influence the next generation of design. Built with designers in mind since 1985, Vectorworks software offers you the freedom to follow your imagination wherever it leads you. Headquartered in Columbia, Maryland, with offices in the UK, Canada, Australia, and Japan, Vectorworks is a part of the Nemetschek Group. Learn how you can design without limits at vectorworks.net or follow @Vectorworks.

Media Contact

Kamica Price, Vectorworks, Inc., 443-542-0606, kprice@vectorworks.net, vectorworks.net

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SOURCE Vectorworks, Inc.; Vectorworks, Inc.

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