7 best medical billing software
Many hospitals, clinics, and other institutions in the healthcare industry now use medical billing software. These tools provide much more than just invoicing solutions. They help with claim processing, appointment reminders, and reporting and have loads of other features to help run your medical business successfully. If you’re looking for trustworthy medical billing software for your practice, this is the right page. Below are the seven best options to consider.
MDConnection
This is an easy-to-use cloud-based practice management software. MDConnection’s color-coded dashboard makes navigation easy, which means employees will need minimal training to get started. Besides, it’s faster than most other medical billing software. So, if you’re an urgent care provider, this might be just what you need. The other features include billing, analysis, reporting, statement generation, eligibility check, remittance advice, and a lot more. The unlimited transactions plan costs $299/month per provider, while the fee-based transactions plan costs $199/month per provider.
Kareo
Kareo is another trustworthy medical billing software that makes navigation simple with a user-friendly dashboard. It boasts a streamlined billing process that also makes it easy to correct mistakes before final submission. The best advantage, however, is that Kareo is ICD-10 and HIPAA-compliant. This means it can be used in chiropractic practices, pediatric wards, mental health facilities, and more. The costs are customized based on the features you need. The top benefits include excellent customer support, the Success Coach tool for free, and free setup.
ECLIPSE
ECLIPSE is popular for its excellent features and simplicity. The medical billing software allows you to access crucial data in fewer clicks, making the process faster. It provides automated billing, appointment reminders, claims processing, invoice history, cost estimation, analysis, reporting, and much more. ECLIPSE is most suitable for chiropractors, but other practitioners also find it helpful. The software currently offers three packages: Advanced, Plus, and Standard, costing $3,995, $3,295, and $1,995, respectively. You can also avail yourself of a free trial.
DrChrono
This medical billing software works best for small practices with simpler needs. It doesn’t require much learning, and employees can get the tasks done quickly. DrChrono automatically generates patient statements and submits remittance advice. The billing features include practice management, invoice history, insurance verification, dunning management, compliance tracking, charge entry, claims processing, and others. Like many others on this list, DrChrono can customize a package as per your needs. You may also enjoy a free trial.
CureMD
CureMD offers a personalized dashboard that can be customized as per your need. The software includes many vital features like outstanding and copay balance collection, insurance verification, eligibility check, claim management, denial management, and more. Its Practice Management (PM) package costs $195/month, and Electronic Health Record (EHR) system costs $295/month. You can get the combined package for $395/month. While CureMD is a comprehensive software, one drawback is that you may not get a free trial.
CollaborateMD
CollaborateMD is one of the most user-friendly medical billing software available. Its data entry and search options are simple and robust, allowing ease of use. The tool comes with many great features: report sharing with other users, remittance advice, invoice history, insurance verification, dunning management, compliance tracking, claims to scrub, charge entry, and more. You can get the program for four different monthly pricing tiers (per provider): $165, $225, $285, and $345.
AdvancedMD
AdvancedMD provides all the features you’d expect from a top-notch medical billing program, plus multiple automation functions. You can purchase their EHR and PM integrated software for $729/month or get them separately for $169/month and $429/month, respectively. The best features include regular updates, an excellent report center, and excellent customer support.
Before signing up for medical billing software, compare the tools mentioned above to determine which meets your requirements. It’s advisable to start with a free trial, if available, and then subscribe to a monthly plan. This will ensure you and your staff get first-hand experience using the software and don’t find issues later.