Medical billing software is an application that automates healthcare billing and claims. It is used by medical practitioners and billing companies to improve reimbursement, increase revenue, and develop a sustainable practice. You must choose one based on its track record, positive reviews, ability to work with specialty practices, your staff size, customer service, ICD-10 proficiency, payment reminders, and cost. Based on that, the top 5 popular medical billing software are as follows.
Kareo Billing
Kareo is a web-based medical billing software that offers complete practice management solutions for small practices and small billing companies. It is an ICD-10 compliant medical solution. Using Kareo, you can fix patients’ schedules, confirm insurance, store patient documents, manage delinquent accounts, and develop customized reports. Staff working in a medical practice can verify a patient’s insurance claims by entering their data. They can send appointment reminders to patients and communicate with billers through the software. The software also offers features like advanced claim processing, agenda planners, document planning and billing analytics,
PracticeSuite
PracticeSuite is a cloud-based medical office platform that offers comprehensive solutions. You can choose to buy just the medical billing software or buy their enterprise solution. Because it is a cloud-based system, you can access it from anywhere with any device. PracticeSuite supports 150 medical billing and 61 Electronic Health Record software. It can be customized to a single doctor or a practice with 100 doctors. Their medical billing and revenue cycle is completely web-based. Additionally, it is HIPAA compliant and you can access denials, work rejections and post payments for all clients on one dashboard.
CollaborateMD
CollaborateMD is a cloud-based software that you can use for billing or for managing small and mid-sized medical practices. It can function on a Mac or Windows desktop. Users can view the status of their claims and check if the payer has been approved or rejected by them. It also has an integrated payment processing feature and patients can pay their bills through a secure online portal. The software has an appointment scheduler and it also offers medical billing for multi-location practices with multiple doctors. Staff can verify insurance eligibility and it is EMR/EHR and HIPAA compatible.
AdvancedMD
AdvancedMD is medical billing software that offers multiple tools required for comprehensive billing. It makes billing, scheduling and collections convenient. It can track collections and denials with an A/R center. Plus, the centralized medical billing helps manage billing for each provider using one login and a single database. It is integrated with credit card processing, and doctors can auto post charges with one swipe. It also contains schedulers and front office tools to access patient information, verify eligibility and see information regarding copays.
DrChrono
DrChrono is an EHR and a medical billing platform with features that can manage patient intake, patient care, billing and revenue cycle. Doctors can save time by removing the risk of data duplication and human errors. If they enter patient data once, the software automatically passes it to billing. It also offers tools like claim submission, denial resolution, patient statements and medical codes. DrChrono offers an integrated billing dashboard and billing reports and analytics. Doctors can customize medical forms, generate e-prescriptions and schedule appointments. It also has a patient portal. Providers can use the free draw function to annotate on diagrams or x-rays. The software includes a prepopulated billing code and can be integrated with Box, a HIPAA compliant cloud-storage system.
athenaCollector
athenaCollector is a cloud-based service for medical billing, EHR, revenue cycle management and patient engagement. Medical practitioners can use the billing module with the EHR or as a standalone. athenaCollector offers claims management, revenue cycle dashboard, appointment scheduling, patient check and performance reporting. Their billing solution can help track and collect patient pay through a digital portal and a call center. It offers a patented technology that can catch errors before submitting any claims. You can run analytics to identify underperforming areas and offer insight into multiple facets of your practice. You can also share data about EHRs with multiple providers.
