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Comparison of Medical Billing Rates

Here is the review of some of the top medical billing software companies in the market Also find the comparison of the prices from one company to the other

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Comparison of Medical Billing Rates

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  1. Comparison of Medical Billing Rates

  2. Introduction Medical billing services charge their clients by three methods: • The percentage basis is generally used by medical insurance billers (MIBs) who do full-practice management or a combination of patient billing and claims billing, and just as it sounds, the MIB charges the provider a percentage of the money they collect per month as opposed to the amount of money they bill. www.softwarefinder.com 02

  3. Drchrono • Softwarefinder rating: 4/5 • Best Medical Billing Service for Small Practices • Focused on smaller practices of 1 – 15 providers. Typically charges 4% to 8% of net collections. www.softwarefinder.com 03

  4. CareCloud • Softwarefinder rating: 4/5 • Best Low-Cost Medical Billing Service • Offers three tiers of services. Typically charges 3% to 7% of net collections. www.softwarefinder.com 03

  5. AdvancedMD • Softwarefinder rating: 4/5 • Best Medical Billing Service for Large Practices • Offers three tiers of services. Typically charges 3% to 7% of net collections. www.softwarefinder.com 03

  6. CareCloud Concierge: With Concierge, CareCloud will take over the claims submission and denial management process, getting claims to the appropriate payers promptly and then monitoring for any rejections. If a claim is rejected, CareCloud billing team will work to revise and resubmit the claim as needed. www.softwarefinder.com 03

  7. CareCloud Concierge Plus: The second tier is similar to the first, except CareCloud adds a claims scrubbing step to the process. Using its rules engine, Collective IQ, CareCloud checks each claim against a database of more than 120 million common errors. If a potential mistake is flagged, its billing team will more closely review that claim before submission. www.softwarefinder.com 03

  8. CareCloud Concierge Pro: Concierge Pro is CareCloud full revenue cycle management tier of service. CareCloud EHR Software will access clinical documentation from the practice to generate claims by performing charge entry and coding services. www.softwarefinder.com 03

  9. AdvancedMD • AdvancedMDmedical billing serviceis capable of handling all the revenue cycle management for large and small practices alike. • The company excels in managing billing for practices in the 100-provider space, making it best for medical billing service for large practices. • AdvancedMD outsourced revenue cycle management comes with access to its electronic medical record (EMR) software and practice management platform for a monthly percentage of clients’ net collections. www.softwarefinder.com 03

  10. Conclusion So if you think these features would be appropriate for you and your practice, but are not fully sure you can go ahead and give us a call so we can provide you with a free consultation. Call us on (681) 384-7070 and talk to one of our representatives for a better idea about this EMR system! www.softwarefinder.com 03

  11. + 1 (661) 384-7070 | info@softwarefinder.com Thank you We are the #1 place to start your software search www.softwarefinder.com

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