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 Software

Greenway Health / Optum / eClinicalWorks / NextGen / Quanum / Nextech / MedicsPremier / DUXware / ChartLogic / Benchmark

WH Score
8.5
Kareo Billing
80reviews
Starting Price:N/A
Kareo Medical Billing works with about 30,000 medical practices, and the medical billing solution is based on the experience gained and best practices learned from these clinics. With such an experience base, the company knows where the bottlenecks are in the billing process, and how they can be iro...
WH Score
8.4
CureMD
8reviews
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 ...
WH Score
8.4
AdvancedMD
105reviews
Starting Price:N/A
WH Score
8.4
Eclipse
27reviews
Starting Price:N/A
Eclipse Practice Management is a comprehensive software solution designed to streamline and automate the daily operations of medical and dental practices. From appointment scheduling to billing and claims management, Eclipse Practice Management offers a wide range of features to help practices run m...
WH Score
8.3
IntakeQ
32reviews
Starting Price:$0 / user / per month
Established in 2014, IntakeQ is an online solution that provides smart onboarding services to the medical industry. The system was developed by a small team of professionals and is based in Ontario. The system is engineered to eliminate the tedious tasks of filling out paper-based intake forms and w...
WH Score
8.3
DrChrono
39reviews
Starting Price:N/A
DrChrono is an electronic health record (EHR) and practice management software specifically designed for medical practices. It offers a range of features to help practices manage their patients, billing, and appointments. With DrChrono, medical practitioners can easily manage patient records, schedu...
WH Score
8.3
CentralReach
20reviews
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...
WH Score
8.2
Meditab
12reviews
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 ...
WH Score
8.2
Apollo
4reviews
Starting Price:$190 / user / per month
Apollo Practice Management software is specialized for Physical Therapy practices, offering modules covering all the essential packages needed by a physical therapist. Its SAAS-based architecture offers flexible modules for physical therapy scheduling, documentation, therapy billing and reporting.&n...
WH Score
8.2
AllegianceMD
4reviews
Starting Price:N/A
AllegianceMD offers a large and comprehensive suite of medical practice management solutions, one important component being its medical billing module. The solution claims to make extensive use of artificial intelligence to ensure claims are generated correctly and checked comprehensively. The solut...

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.
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