Medical Practice Management Software

What is the best Medical Practice Management Software?

Medical Billing software is a suite of tools that help hospitals, clinics, and private health practices automate billing processes. Using medical billing software can ensure that all revenue is accounted for an optimized and also improve reimbursement rates and the overall financial health of a medical business. Medical billing software can verify insurance coverage quickly and help streamline claims and improve payment workflows and speed.

The main features and functionality included in Medical Billing software are:

  • Appointments & Scheduling
  • Patient Registration & Insurance Eligibility Check
  • Claim Generation
  • Claim Submission
  • Claim Management & Follow-Up
  • Clearinghouses
  • Coding and Claim Automations
  • Data Security & Privacy
  • Easy-to-Use Interface & Features
  • Credit Card Payment Processing
  • Statements & Collections
  • Reporting

The benefits of Medical Billing software are:

  • Minimize Paperwork, Manual Work, and Errors
  • Make Patient Information More Accessible
  • Improve Claim Tracking
  • Enhance Financial Reporting 
  • Streamline Coding
  • Improve Patient Care with Payment Ease

Historically, medical practice software fell into a few different categories: Practice Management, Electronic Health Records (EHR), and Medical Billing Software. While many software vendors still offer point solutions that practices can implement separately and integrate into all their other systems, there’s been a shift toward all-in-one solutions. 

Small practices often opt for a stand-alone medical billing or RCM solution. These are often online or web-based, and very easy to acquire and use. No complex servers or databases need to be set up and managed. Payment generally is based on a percentage of collections: if no money is collected on a bill, the service provider does not get paid. Large practices tend to acquire software solution packages that include medical billing, practice management and EHR/EMR. 

Many practices are not keen to outsourcing medical billing because they don’t want to relinquish control of their medical billing or disclose revenue to a third-party. The medical billing software solutions available on the market today make it possible for medical professionals to easily manage all the components of billing internally, from claims and billing to online payments and interactive patient portal. 

Medical Billing software can be used as a stand-alone service or as part of a larger suit of tools, so it's important to understand business needs and what tools will benefit your practice most now and as it grows in the future. 

Top 10 Medical Practice Management

AdvancedMD / AllegianceMD / Allscripts / athenaOne / Quanum / CareCloud / Benchmark / ChartLogic / Cortex EDI / CureMD

WH Score
9.1
CureMD

CureMD

7reviews
Starting Price:N/A
CureMD Medical Billing is a cloud-based solution that provides complete revenue cycle management solutions to medical practices of all sizes. It helps medical practices overcome nagging and persistent problems such as high accounts receivable, decreasing cash flow and reimbursements, and infrequent ...
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WH Score
8.8
ChartLogic

ChartLogic

0reviews
Starting Price:N/A
The ChartLogic Medical Billing solution is built to work with clinical practices of all sizes and promises to reduce administrative costs by as much as 50%. The ChartLogic team handles the entire gamut of claims and billing, including handling patients’ phone calls. As a result, clients have s...
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WH Score
8.8
iPatientCare

iPatientCare

0reviews
Starting Price:N/A
iPatientCare Revenue Cycle Management (RCM) is a cloud-based RCM solution that comes with free-to-use EHR and Practice Management built in. The EHR is certified for meaningful use stage II, offering a great deal for practices that are just looking to invest in a solution. Free data migration service...
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WH Score
8.8
Optum

Optum

0reviews
Starting Price:N/A
Optum Revenue Cycle Management is a software package from Optum, Inc. that offers top-notch medical management solutions to healthcare practitioners aimed at creating greater success in revenue performance and achieve greater control of practice revenue cycle. Optum, Inc. created Optum360 - a tradem...
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WH Score
8.7
Meditab

Meditab

11reviews
Starting Price:N/A
Meditab RCM is a cutting edge Revenue Cycle Management software published by Meditab software, Inc. which was established in 1998. Apart from the RCM, Meditab also offer a number of comprehensive software solution including Intelligent Pharmacy Software, Electronic Health Records, IMS care port and ...
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WH Score
8.5
CentralReach

CentralReach

0reviews
Starting Price:N/A
One End-to-End Software to Make Your Therapy Practice Thrive. CR Practice Management is a single centralized solution to manage all your practice needs. From billing and scheduling to effective authorizations and claims management, increase your productivity by integrating all your ABA critical work...
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WH Score
8.4
Cortex EDI

Cortex EDI

0reviews
Starting Price:N/A
Cortex EDI is a user friendly and free electronic billing software for health care providers. The software which is published by Cortex EDI, Inc. can be used by physicians, hospitals, home health agencies, pharmacies and laboratories, dentist, physical therapist, chiropractors, ambulatory facilities...
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WH Score
8.3
TheraOffice

TheraOffice

0reviews
Starting Price:$125 / user / per month
TheraOffice is the only EMR and Practice Management Software designed by physical therapists everywhere to be the most adaptable to your unique business.
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WH Score
8.3
Easy Billing

Easy Billing

4reviews
Starting Price:$0 / user / per month
Easy Billing Professional, published by Easy Billing, Inc. since 1994, is a tried and tested medical billing software compatible with both Windows and Mac platforms as well as recent mobile-based technologies. It is has specific features customized for surgical assistants, pathology labs and a host ...
WH Score
8.3
EZClaim

EZClaim

2reviews
Starting Price:$0 / user / per month
EZClaim is a Medical Billing and scheduling practice management Software best suited for small and medium sized providers. It employs both cloud-based computing and stand-alone desktop use allowing access of business at any location as long internet is available. The application has been in operatio...
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Learn more about Medical Practice Management Software

What is Medical Billing Software?

Medical Billing software is a suite of tools that help hospitals, clinics, and private health practices automate billing processes. Using medical billing software can ensure that all revenue is accounted for an optimized and also improve reimbursement rates and the overall financial health of a medical business. Medical billing software can verify insurance coverage quickly and help streamline claims and improve payment workflows and speed.

How Much Does Medical Billing Software Cost?

Medical Billing software costs anywhere between $25 to $100 per user, paid monthly or annually. Some systems may also have setup or licensing fees to consider and build into a budget overall as well.  

Why is Medical Billing Software Important? 

Medical billing software is important because it provides health professionals with the tools they need to streamline billing and make sure that accurate billing and coding are in place. This ensures that patients are billed properly and helps expedite claims and insurance payments to keep medical centers financially healthy. 

What are the Common Features of Medical Billing Software?

The common features of Medical Billing software include:

  • Appointments & Scheduling
  • Patient Registration & Forms
  • Claim Management
  • Coding and Claim Automations
  • Data Security & Privacy
  • Easy-to-Use Interface & Features
  • Credit Card Payment Processing

What are the Main Types of Billing Systems in Healthcare?

The main types of billing systems in healthcare are light-level services, full-service, and boutique offerings. 

What are the Benefits of Medical Billing Software?

The benefits of Medical Billing software include:

  • Expedited, improved claim management and tracking
  • Better access to patient data and charts for accurate billing 
  • Improved standards of patient care
  • Enhanced financial analytics and reports
  • Reduced paperwork and errors
  • Streamlined medical coding and billing processes and automations

Who Uses Medical Billing Software?

Healthcare providers as well as medical billing companies use medical billing software to automate and improve coding and billing processes. 

How Might Billing Software be Used in a Medical Office?

Medical billing software is used in a medical office to minimize billing errors and claim issues while improving the patient experience. Medical billing software helps automate coding and billing processes improve accuracy and expedite insurance payments as well. 

What are the Challenges with Medical Billing Software?

The challenges with medical billing software include:

  • Educating and Informing Patients
  • Accurate and On-Time Payments
  • Payment Processing & Access
  • Customer Support Quality
  • Claim Filing
  • Claim Denials
  • Resources & Tools

What are the Biggest Challenges in Medical Billing?

The biggest challenges in medical billing include:

  • Properly informing and educating patients about insurance coverage and payments.
  • Accurately calculating estimates of patient financial responsibility for health services.
  • Delayed payments or patients who are not able to make payments.

How to Buy Medical Billing Software?

You can use the following checklist as a guideline for how to buy medical billing software for your hospital, clinic, or private practice.

  • Establish a specific list of required features and billing capabilities you can use to compare vendors accordingly.
  • Make sure the solution can handle your kind of practice and/or specialty.
  • Check for ease of use, and robust and efficient billing options and claims tools
  • Look carefully at reporting features: the tool should help you boost the practice’s performance across functions.
  • Confirm compliance and security.
  • Make sure enough support and training are provided by the vendor.
  • Decide which deployment best fits your practice’s operations.
  • Validate the vendor's reputation.