1 / 14

The Best Medical Billing Services for Small Practices | Software Finder

Finding the right medical billing service is a tough job. Check out the top medical billing services and what they can offer you.<br><br>

markfauver
Download Presentation

The Best Medical Billing Services for Small Practices | Software Finder

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Best Medical Billing Services for Small Practices

  2. Introduction • A medical billing company does more than submit claims on your behalf. • It makes sure that the submitted claims and its corresponding documentation are complete. • Follows up with patients and insurances for any outstanding payment and ensures that your practice financials are updated so that you can focus on doing your job, i.e., taking care of your patients. www.softwarefinder.com 02

  3. AdvancedMD Medical Billing Software • AdvancedMD is one of the industry’s top players that focus on small and large practices, making it affordable yet scalable. • It offers a wide range of services, including an EHR/EMR module, Practice Management (PM) module, telemedicine software, and RCM. • With AdvancedMD Medical billing service, you get their top-ranked EMR and PM for free. www.softwarefinder.com 03

  4. AdvancedMD Medical Billing Software Pros: • Has a 95% pass rate on the first claim • Assists with denied claims • Checks insurance claims for mistakes before sending them out Cons: • Mobile App is only available for iOS devices • Doesn’t code insurance claims on its own www.softwarefinder.com 04

  5. AthenaCollector Medical Billing Software • Founded in 1997, AthenaCollector is one of the many healthcare IT modules offered by Athenahealth. • Rather than developing a single software for each type of service, Athenahealth has created multiple modules that act effectively alone and as one. • The biggest convenience AthenaCollector provides by automating your billing service yet maintaining in-house control over it. www.softwarefinder.com 05

  6. AthenaCollector Medical Billing Software Pros: • Very easy to use navigation and interface. • Robust reporting & analytics features • Offers claims management Cons: • A low first-pass insurance claim rate • Charges a small fee for denied claims • May become complicated for single practices • Doesn’t code your insurance claims www.softwarefinder.com 06

  7. Kareo Medical Billing Software • Kareo medical billing enables practitioners to spend more time with their patients through their all-in-one solution. • It includes medical billing, integrated healthcare IT systems, and managed services. Kareo’s objective is to help practitioners treat their patients instead of routine administrative tasks. • Referring to itself as the “Only complete technology platform,” Kareo is designed for single practices. www.softwarefinder.com 07

  8. Kareo Medical Billing Software Pros: • Offers a PM solution • Assigns a Success Coach when you sign up • Affordable pricing Cons: • Kareo EMR and PM also come as a packaged deal • Doesn’t provide claims follow-up in their basic pricing plan • Managed billing needs to be purchased separately www.softwarefinder.com 08

  9. CareCloud Medical Billing Software • CareCloud medical billing is yet another solid choice for your practice. With CareCloud, you can choose how much of your operations you would like to outsource. • You can choose to integrate their EHR and PM software with their medical billing software or use third-party ones. • CareCloud also has an astonishing first-pass insurance claim rate of 97%, one of the highest in the industry. www.softwarefinder.com 09

  10. CareCloud Medical Billing Software Pros: • Offers a user-friendly interface • Completely customizable billing services • Offers consulting services as a plus point Cons: • High cost of implementation • Only available on iOS devices www.softwarefinder.com 10

  11. BillingDocs Medical Billing Software • If you are looking for good value for money yet comprehensive billing service for your practice, BillingDocs is a good option. • As the company solely focuses on providing RCM services, they can provide excellent service and support to their clients. • BillingDocs offers credentialing, accounts, receivables management, and medical billing services. www.softwarefinder.com 11

  12. BillingDocs Medical Billing Software Pros: • Compliant with Medicaid and Medicare • Reduces billing and coding errors • Streamlines cash flow Cons: • Has no EMR or PM of its own www.softwarefinder.com 12

  13. Conclusion • At the end of the day, when you’re deciding on a medical billing service, it’s essential to keep your practice’s needs at top priority. • Once you have figured that out, you can begin your journey of reviewing some of the vendors out there. www.softwarefinder.com 13

  14. + 1 (661) 384-7070 | info@softwarefinder.com Thank you We are the #1 place to start your software search www.softwarefinder.com

More Related