Revolutionizing Healthcare Finances
If you’re in the healthcare business, it’s time you upgraded your systems to make running things that bit easier. Medical billing software will reduce workload across your company and ensure a more accurate billing system is in place that factors in all the variables so common in your industry.
In this article, we’ll explore what medical billing software is and identify the best providers on the market today. These providers can bring your practice into the 21st century by offering patient portals, automated billing and customizable templates. What are we waiting for? Let’s dive in and learn more.
What is Medical Billing Software?
Medical billing software is a billing system used by medical companies across the United States. It’s a specific type of software, used because of its ability to consider variables.
Another company - say, a plant-based grocery store - does not need specialist software as the bill charged to a customer for a product is the same across the board. In this example, oat milk costs US$3 for any customer who wishes to purchase it. However, when it comes to health care, no two customers can expect the same bill - even for the same service.
Medical billing software is highly effective at considering a patient’s diagnosis, the treatment they received and any support offered by their medical insurance. These variables all need to be considered by the software for an accurate bill to be produced for a specific customer.
The Best Medical Billing Software
There are lots of options for you to consider when it comes to medical billing software. Here, we’ve listed our favorites. Let’s get started with CentralReach.
CentralReach
Perfect for those healthcare providers working with patients with autism, this medical billing software offers customizable templates, easy secondary and tertiary insurance billing and a 30-day free trial.
Alora Home Health
Managing payments for home care is tough, but not with Alora Home Health. It’s a platform that’s easy to use on the go, meaning that healthcare professionals can keep on top of billing outside of the office. It works on laptops and mobiles. Insurance processing is entirely automated, as is billing.
AdvancedMD
While AdvancedMD doesn't offer a free trial, this is a great option for those concerned about cost. This medical billing software is just under 60 cents per encounter and offers an industry-leading patient portal. Plus, processes are executed quickly and the platform is reliable.
There’s a demo available, meaning that healthcare providers can try the platform before committing to the medical billing services on offer here.
CureMD
A free-of-charge demo of CureMD makes this brand of medical billing software one to seriously consider. There’s an iPad app - which is super convenient for healthcare professionals on the move. It’s a great solution for any large practice.
CollaborateMD
CollaborateMD is low-cost and provides financial information so you can see how your practice is performing. There’s a patient portal included and customizable report templates to bring items into your brand guidelines.
Users of CollaborateMD cite the platform’s usability, even among employees unfamiliar with such software systems.
DrChrono
DrChrono’s cloud-based medical billing software is ideal for practices of any size - large or small. This management software is easy to use. There’s even an iPhone app so that healthcare professionals can access data quickly and easily. It offers individual pricing plans and integrates expertly with other apps.
Still not convinced? DrChrono offers a 30-day free trial so you can test this world-class software for yourself.
SimplePractice
SimplePractice is a much-loved solution to your health billing needs. It automates billing, providing patients with accurate costs and payment solutions. Plus, there’s a 30-day free trial so you can test the platform before committing. SimplePractice is suitable for all private healthcare providers from dieticians to therapists.
Kareo
Kareo’s billing structure is easy to understand. It’s simply a per-claim patient billing plan that’s advantageous for smaller practices. Insurance considerations are processed immediately, reducing the time spent by practitioners on such tasks. It also includes automated alerts for patients, reducing missed appointments.
That’s not all. Kareo is easy to integrate with other platforms and offers most of its services at its base payment rate. That’s a win for healthcare providers and patients.
Dentrix
Specifically for dental companies, Dentrix is an expert medical billing system that includes a patient portal, customizable billing templates and rapid processing. The system offers patients payment options and support alongside automated billing for professionals - freeing up time for better patient care.