For physicians, patient referrals are an important part of their business. It's also an affordable way for healthcare providers to market their services. More patient referrals lead to increased patient retention and revenue. Experts believe that if you are getting 50% of your new patients through referrals by existing patients, then you are truly providing exceptional service to your patients.
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Every healthcare practice depends on a steady stream of new patients to not only stay solvent but also to continue to grow and evolve for years to come. But in an era where new competitors are emerging all the time, and the healthcare landscape is continuously changing all around us, standing out in an already crowded marketplace can be difficult on the best of days.
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