A Complete Guide to the Best Medical Billing Software of 2022

The Global Medical Billing Software industry is estimated to increase at a compound annual growth rate (CAGR) of 12.3%  between 2021-2026.

Medical billing is the lifeblood of the medical industry. It keeps everything running smoothly and ensures that doctors and healthcare facilities get paid by processing the necessary medical bills. However, up to 20% or more of a physician’s revenue can be lost due to ineffective billing and loopholes in the process.

Medical billing software can help alleviate some of the headaches that come with the accurate and timely processing of medical bills. With so many different medical billing software companies to choose from, it can be difficult selecting the right one for your needs, that’s where this guide can help you.

To find the proper billing software for your medical office’s needs, keep reading below to find out more about the best medical billing software of 2022.

Kareo

Kareo is a rising star of 2022’s medical billing software options. It is a trusted medical billing platform used by over 85,000 medical providers. It provides web and mobile applications for supporting your in-house billing process.

With Kareo you have access to features like:

• Multiple Location Use
• Invoice History
• Claims Scrubbing
• Physician Scheduling
• HIPAA Compliance
• Patient Intake
• Reporting/Analytics
• Insurance Eligibility Verification
• Patient Records Management
• Compliance Management

Kareo’s costs start at $125 per month, you must contact Kareo directly for full pricing details. It is best for practices with 1-10 providers or medical billing companies with 1-100 providers.

Kareo also works well for use by physical therapy practices. Kareo is easy to use and has a user-friendly interface.

NextGen Healthcare EHR

NextGen is a highly-rated medical billing software platform. It is a leader in the transformative empowerment of ambulatory care practices. NextGen is a cloud-based EHR service.

Among its many features, NextGen offers:

• Patient Portals
• HIPAA Compliance
• Patient Scheduling
• Appointment Management
• Payment Processing
• Claims Management
• Charting
• E-Prescribing
• Insurance Eligibility Verification
• Patient Intake

NextGen is well-suited for ambulatory care practices of all sizes and their surrounding communities. NextGen Office is best for practices with 1-10 providers.

No cost information is readily available and you need to contact NextGen directly for a price quote specific to your practice’s unique needs. NextGen does offer a free trial and a demo of its services.

WebPT

WebPT is a medical billing software platform for use by physical and occupational therapists, and speech-language pathologists. WebPT supports more than 140,000 therapy professionals across more than 17,000 clinics in the U.S. and Canada.

WebPT’s top features include:

• Appointment Scheduling
• Progress Notes
• Treatment Planning
• HIPAA Compliance
• Claims Management
• Multiple Location Use
• Assessment Management
• EMR/EMH
• Practice Management
• Compliance Tracking

Its web-based software allows outpatient therapy clinics to streamline scheduling, documentation, and billing processes. You can request a free software demo on their site.

WebPT has three different pricing levels on its site. Lite is $3/day per provider with unlimited users while Standard is $6/day per provider for unlimited users and additional features. Enterprise is a special custom price quote tier with premium features.

DrChrono

DrChrono is an integrated web and cloud-based EMR. It allows you to access full charting capabilities through apps on your iPad, iPhone, or other internet-connected devices.

DrChrono offers a wide array of features including:

• Before and After Procedure Photos
• Multi-Physician Use
• Charting
• Insurance Eligibility Verification
• Scheduling
• Patient Flow Management
• Billing and Invoicing
• HIPAA Compliance
• E-Prescribing
• Voice Recognition

DrChrono is ideal for small single-provider practices as well as large medical practices with multiple specialties. They offer 4 different plans but you must contact DrChrono directly for a custom price quote.

• Prometheus
• Hippocrates
• Apollo
• Apollo Plus

The Prometheus plan is the most basic level suitable for EHR and practice management. Hippocrates offers advanced EHR & Practice Management. The Apollo Plan gives you EHR, Practice Management, and Medical Billing Software, while the Apollo Plus adds EHR, Practice Management, and Revenue Cycle Management services.

CareVoyant

CareVoyant is a cloud-based integrated healthcare and medical billing software for Home Care, Home Healthcare, and Home & Community-Based Services.

Some of CareVoyant’s features are:

• Mobile Access
• Billing and Invoicing
• Payroll Management
• Caregiver Scheduling
• Insurance Management
• Care Plan Management
• Electronic Signature
• Scheduling
• Claims Management
• Patient Intake

It can be used to manage multiple areas of healthcare from Private Duty Nursing to Private Duty Non-Medical Personal Care, Outpatient Therapy, Home Health, CCRC, and Medical Billing.

You can contact CareVoyant directly for a no-obligation demo and pricing information.

CollaborateMD

CollaborateMD is an intuitive, cloud-based medical billing software and practice management platform. The software allows you to view real-time claim submissions with built-in edits. It integrates with existing electronic health records.

Some of CollaborateMD’s key features include:

• Customizable Dashboard
• Physician Scheduling
• Claims Management
• Patient Records Management
• Invoice History
• Practice Management
• Insurance Eligibility Verification
• HIPAA Compliance
• Compliance Tracking
• Code and Charge Entry

CollaborateMD is best designed for use by small to mid-size medical practices of all specialties as well as all sizes of medical billing services. You can get a free demo of their software before committing to a full service.

RXNT

RXNT is a cloud-based EHR and medical billing software platform. Maintain electronic health records, practice management, billing, and electronic prescribing.

RXNT offers a range of different features like:

• Online Forms
• Self Service Portal
• Drug Reference Database
• Medication History
• Physician Management
• Drag and Drop Interface
• Medication Alerts/Warnings
• Patient Portal
• E-Prescribing
• Multi-Physician Use

RXNT provides integrated, cloud-based software for healthcare specialties of all sizes across the U.S. They offer 4 pricing plan levels depending on the size of your practice and your needs.

• Full Suite $170/month per provider
• EHR Bundle from $100/month per provider
• PM Bundle starting at $75/month per provider
• E-Prescribing $650/year per provider

You can save 10% by switching to a yearly plan.

InSync Healthcare Solutions

InSync is a fully integrated medical software and EHR system for healthcare services. The InSync platform supports behavioral and mental health practices, substance abuse services, community-based health agencies, clinics, OB/GYN, pediatrics, and PTOTST practices.

InSync offers features like:

• Initial Assessments
• Claims Management
• Multi-Provider Practice
• Appointment Scheduling
• EMR/EHR
• Self Service Portal
• Compliance Tracking
• Treatment Planning
• Confirmation/Reminders
• E-Prescribing

InSync is an all-in-one medical billing software and practice management tool for nearly every type of specialty. You need to contact InSync directly for pricing and to schedule a demo.

TherapyNotes

TherapyNotes is a top online EHR, practice management, and billing software designed for behavioral health professionals. TherapyNotes is best for behavioral health practices, with single practitioners and larger organizations.

The features of TherapyNotes include:

• Faculty/Staff Management
• Handwriting Recognition
• Invoice History
• Recurring Appointments
• Voice Recognition
• Appointment Scheduling
• Charting
• Confirmation/Reminders
• No-Show Tracking
• Video Conferencing

TherapyNotes offers 3 pricing plans with TherapyNotes Telehealth included with each plan.

• Solo-$49/month for one user- best for solo practitioners
• Group-$59/month for the first clinician, $30/month additional, $20/month per intern
• Enterprise-for 30 or more users- $59/month for the first clinician, $30/month additional, $20/month per intern

They also offer a free 30-day trial.

AdvancedMD

AdvancedMD is a cloud-based all-in-one practice management, patient engagement, EHR, and medical billing software platform. With AdvancedMD, you can manage your practice from one program with a single login.

Among AdvancedMD’s many features are:

• HIPAA Compliance
• Appointment Scheduling
• Patient Records Management
• Self Service Portal
• Charting
• Patient Scheduling
• Compliance Tracking
• E-Prescribing
• Medical Billing and Invoicing
• Handwriting and Voice Recognition

The AdvancedMD billing software is ideal for use by all areas of healthcare from physicians to clinical managers, office managers, and administrators, as well as nurse practitioners and physician assistants.

You can schedule a free demo on their website. You can also build a bundle to suit your needs or choose from pre-configured pricing bundles.

Phreesia

Phreesia offers seamless operation of your medical office through automation tools. For short-staffed offices, Phreesia can take the stress off by handling some of the major tasks like intake, medical billing, payments, and more.

Take a look at some of Phreesia’s impressive features:

• Payment Reminders
• Physician Management
• SMS Reminders
• Multi-Physician Use
• Patient Intake
• Mobile Access
• Patient Engagement
• Rescheduling
• Online Booking
• Patient Scheduling

Phreesia is optimal for use by healthcare practices and medical offices in a wide variety of specialties like Gastroenterology, Radiology, Pulmonology, and more. They don’t list prices on their site, but you can request a demo.

athenaOne

athenaOne is an integrated EHR with patient engagement and revenue cycle capabilities. So much more than just medical billing software, it can improve efficiency and increase revenue for your medical office.

Some of the most notable features of athenaOne include:

• Mobile Use
• Charting
• Appointment Scheduling
• Telehealth Services
• E-Prescribing
• Self Service Portal
• Code and Charge Entry
• Medical Billing
• Practice Management
• Patient Records Management

Everyone can benefit from athenaOne, from physicians to clinical and practice managers, office administrators, and healthcare executives.  Hospital administrators, nurse practitioners, and physician assistants can also benefit from using athenaOne’s platform.

athenaOne offers a tailored solution for your individual needs as well as a custom quote. You can schedule a 1:1 meeting to discuss your specific goals and requirements.

Find the Best Medical Billing Software for Your Practice at Medical Billing Service Review

Handling medical bills on your own can be a time-consuming and frustrating process. Not only that, but it can cause you to make errors in your medical bills in the process. Medical billing software can help you lighten the load and automate repetitive tasks.

But choosing the right medical billing software for your medical office can be confusing if you don’t know where to look. That’s why you need Medical Billing Service Review. Medical Billing Service Review finds quotes from the leading top-rated medical billing companies for your needs.

Contact us to get quotes for your medical billing needs today.

Author: Kiersten Ramsey