Buying Guide and Reviews for Medical Billing Software Programs
Are you looking to kick start or stabilize your medical billing processes? Or are you using a DIY approach to medical billing, but it’s not cutting it? If so, you’re going to need medical billing software programs.
It makes sense to use software to simplify the billing process. Shouldn’t it involve automation and fool-proof tools? Of course, it should.
The right medical billing program can offer many benefits, so finding one that fits your practice is vital. You can find the must-knows about medical billing software in this guide.
Best Medical Billing Software Programs of 2020
Medical billing software programs enable 88% of healthcare professionals to provide better medical care to their patients. As a result, more medical providers are looking for software to help them deliver exceptional patient care.
It is advisable not to blindly choose any software program because it may not fit your business objectives or needs. You can avoid this mistake by reading a buying guide to help you choose the best software for your practice.
In this guide, we’ll review these five below:
- Chart Logic
These medical billing software programs are considered the best for several reasons. Because of their unique features and low prices, you will be able to benefit from using one of these programs and save money at the same time.
We’ll discuss each of these medical billing programs further within this buying guide.
What are The Benefits of Using Medical Billing Software?
Many medical practices have struggled with billing patients in the past. Turning patients’ visits into actual reimbursements is a time-consuming process.
But, it’s crucial for successful operations!
Whether a company bills its patients well or poorly greatly impacts its financial health. Below you’ll discover the benefits of using medical billing software programs.
A Medical Billing Automation System
Automation simplifies the process of reviewing insurance claims and invoices. The variety of health issues means medical professionals care for numerous patients every day.
You can easily fall behind in your work if you don’t use an automation program to process paperwork. Medical software plays a fundamental role in helping health professionals manage their time.
Less Paper Work to Worry About
Health companies risk losing patients’ information if they process their information with paper. Also, using paper is not the best option due to it being quite time-consuming to deal with.
Medical billing software programs allow you to keep patients’ paperwork well-organized. The programs also allow you to save money from processing paperwork in other areas of your medical practice.
With the medical billing software, you’ll be blown away by the options available. There is no longer a need to pay overtime for someone to process claims, patient records, and bills.
Long Run Cost-Savings for Office Expense
When looking at different tools for billing, you may dislike investing due to price. But, you’ll be surprised to find that you’ll save money in the long run by paying a hefty amount in the beginning.
How is that possible?
If you opt for the traditional route, you will have to pay for human resources and infrastructure. However, you can minimize these costs and manage all the information on one platform using medical billing software.
Boost Patient Experiences
Billing software programs not only benefit healthcare professionals but patients too. They will enjoy how their doctor can communicate with them more efficiently with electronic software.
The software lets professionals remind patients of appointments, update their medical information, and print prescriptions. It’ll send alerts to patients when doctors update their information.
When patients are referred to a specialist for their medical condition, the software allows them to transfer important documents to their office. As a result, they can deal with less paperwork as well.
Reduce the Risk of Human Errors
A person responsible for medical billing is likely to make many errors during their working day. But medical billing software programs help reduce typical human mistakes. It helps you reduce common errors by identifying them initially, which is the greatest benefit of electronic billing software.
A second benefit is that the software can be customized following your business needs. Thus, you can save both time and money.
How to Choose the Right Medical Billing Software Program for Your Practice?
Investing in the right medical billing software program is a big decision. You don’t want to make the mistake of buying a product only to find out it does not fit your needs, which can turn into a loss of profit for your company.
This is even more reason to read over several medical billing software program reviews. The information provided can be overwhelming, but we have provided a short guide on the website to help you choose the right product for your medical practice.
You can read our buying guide here to help you figure out which software program is best for your practice.
Top 5 Medical Billing Software Programs
As your main goal is to help improve the overall quality of your patient’s health, you don’t want to waste too much time searching for the right program for your business. Below are the top five programs allowing you to do as such:
- Chart Logic
These medical billing software programs allow you to access every patient with one login. You don’t have to access multiple accounts to review essential documents for your patients.
In the next section, we’ll provide a review of each software.
Medical Billing Software Program Reviews
Now, why are these programs considered the best on the market? Let’s go over them so you can find out why.
The AdvancedMD software solution suite is designed for health care organizations and independent physician practices in mental health, physical therapy, and medicine. The program includes the following features below:
- Patient charts
- Engagement tools for patients
- Financial analytics
- Telemedicine services
- Management to improve reputation
- Business intelligence reporting tools
With integrated workflows, patients can schedule telemedicine or onsite appointments and automate their journey in the healthcare system. You can notify patients by email or text message of their appointment.
Insurers’ eligibility is verified automatically for next-day patients using automatic functionality, alerting staff to potential problems. An online patient portal is used to send intake and consent forms.
They are automatically collected and added to the patient’s chart. Using the cloud platform, users have remote access to their data and the highest level of security available.
It is available for iOS and Android devices, irrespective of browser and operating system. Moreover, AdvancedMD is browser agnostic for Mac and Windows devices.
For those looking to improve their patient’s charting data, health care workers will enjoy using Chart Logic. The medical billing software provides easy and flexible charting allowing physicians to complete notes in under 90 seconds.
Here are the following features of ChartLogic:
- Practice management
- Revenue cycle management such as coding and collections
- Cloud services
- Help desk support
- Ability to provide prescriptions online
Chart Logic is perfect for those who assist surgical patients and other complex medical practices. The platform allows health care professionals to quickly take notes in a simple design based on specialty and personal preferences.
You can find a friendly user workspace where you can take care of financial and administrative tasks. Better billing practices can boost your financial performance through the program’s billing management services.
The EZClaim Medical Billing application offers billing solutions for single and multi-provider practices. Both on-premises and cloud deployment options are available.
Users can easily manage all aspects of billing and scheduling through this software, and it integrates with third-party electronic medical records (EMR) systems. Below are the key features of the software:
- Eligibility verification
- Electronic billing
- Customization on billing
- Drag and drop appointment abilities
Workflows can be tracked with a task management system, reducing overhead. Electronic statements and billing services can be purchased separately.
EZClaim Medical Billing allows you to customize the colors for time slots and background for appointment scheduling. It offers customers phone and email support as part of its subscription model.
The cloud-based software, iSalus, is beneficial to healthcare systems, hospitals, and physicians. A single, flexible, intuitive platform that combines the benefits of electronic health records, practice management, and patient portals into one comprehensive solution.
Medical staff and providers can work the way they want with iSalus. Below are the following features of the medical billing software:
- Mobile application
- Practice management
- Billing services
- Patient Portals
- HIPPA Certified
With iSalus, physicians can remotely monitor their patients, creating a new way to improve their health without visiting the office. A complete profile of each patient appears in the program, including their health history, vitals, and assessments.
Professionals can develop individualized care plans based on data-driven tools. By utilizing remote services, healthcare workers can review and intervene in any area of concern through case management.
Also, physicians can reach out to each other in emergencies and discuss health issues in real-time on the platform. Getting started is easy with no charge, and health workers can access practice financials immediately.
With the medical billing software, you can eliminate paperwork and staffing needs to reduce costs. ISalus allows health care professionals to save time and money by spending more time focusing on their patients.
With Kareo’s design by a team of doctors, this program focuses on providing the results healthcare professionals require to succeed. To help optimize the performance of the medical practice, Kareo delivers a complete package of services designed to overhaul its administrative processes.
Some of the key features of Kareo include:
- Appointment setting abilities
- Telehealth services
- Ability to integrate with other apps and services
- Cloud services
- Analytics on performance
Kareo is a solution that allows healthcare professionals to track records easily and organize their time. Although, the medical billing software does come with two negatives.
You’ll have to pay separately for their billing software. Larger practices may also encounter problems with the platform’s integration since it is incompatible with some.
Kareo does offer support for one year, and you can request a quote for their packages by contacting customer service. It’s user-friendly and does provide training to help health workers understand how to use the platform efficiently.
Upon signing up, practices can begin within 48 hours. It has no setup fees, no contracts, and low monthly rates without any maintenance responsibilities. Kareo is great for medical professionals with a small practice.
How Do You Compare Requirements and Prices for Medical Billing Software Programs?
It’s essential to thoroughly review each program to find the one that suits your budget when comparing the prices of different software. For help, consider what you need to help improve your practice in finance, patient experience, and processing records.
Healthcare workers may enjoy using telehealth, like iSalus, and find it boosts revenues by improving patient experiences. Others may need to use Chart Logic due to their profession in the medical field.
You shouldn’t solely base your decision on medical billing software programs for the lowest price. The low-cost option may not fully meet all of your medical practice requirements to boost revenue and patient care.
If you need more help with comparing prices, read our advice here.
Never Make the Mistake of Choosing a Medical Software Blindly
Selecting the right medical billing program for your practice can be challenging. However, the process is simpler when you thoroughly research and compare prices.
The first step is to read software reviews and then find quotes for software that meets your needs. Because we provide both, you can find all the information you need on medical billing software programs.
To discover the right software for the right price, request quotes today.
Author: Mike Cynar
Mike Cynar brings buyers and sellers together by producing reviews and creating non biased webpages allowing users to share their experiences on various products and services. He and his staff write informative articles related to the medical field, legal, and other small business industries.