The patient referral process is broken. The state of the art in patient referrals is still a piece of paper, and the “state of the art” leads to out-of-network patient leakage rates exceeding 25% for most providers. This, in turn, results in tens of millions of dollars in lost revenue, increased costs, and poor patient experiences. In the fee-for-service model, the current system increases administrative costs and limits future revenues. In the fee-for-value model, the status quo creates unsustainable risk exposure.
Fibroblast is a referral management platform that fixes the broken referral process by empowering providers with the tools they need to actively manage referrals. By closing the referral loop, Fibroblast eliminates network leakage and maps referral patterns in real-time. Fibroblast increases revenues for fee-for-service organizations, lowers risks for accountable care organizations and integrated delivery networks, and improves patient experiences.