Jacksonville, FL, October 10, 2024 — Traditional referral patterns pose significant financial risks. Referring patients to high-cost, low-quality specialists can inflate expenses and adversely impact patient outcomes. ReferralPoint addresses these challenges by leveraging data-driven strategies to transform referral processes, ensuring patients are directed to high-quality, cost-effective specialists.
While fee-for-service models still prevail, a growing portion of healthcare payments are linked to provider performance on cost and quality metrics. ReferralPoint’s platform enables providers to analyze referral patterns, build preferred networks, and make data-driven decisions within the EHR workflow, resulting in improved financial performance and patient care outcomes.
“We are excited to have ReferralPoint join our high-value business partners,” says Nicole Bradberry, CEO of the Florida Association of ACOs. “Effective referral management is critical in value-based care, and ReferralPoint provides a solution that drives measurable improvements in network integrity, quality, and cost control.”
ReferralPoint offers tools to streamline referral processes, reduce patient leakage, and improve network integrity. Its platform includes preauthorization support, streamlined scheduling, shared patient records, and automated patient communication to enhance appointment adherence. By integrating claims data and quality metrics, it ensures efficient and effective referral management.
Maintaining network integrity is crucial for health systems and ACOs. Out-of-network referrals can lead to revenue loss and increased patient costs. ReferralPoint’s data-driven approach closes the referral loop, ensuring patients receive care within preferred networks, ultimately enhancing both financial performance and patient satisfaction.
Incorporating a data-driven referral strategy is key to maximizing value-based revenue and improving patient outcomes. Healthcare organizations ready to elevate their referral management should explore ReferralPoint’s innovative platform.