Medical billing plays an important role in revenue generation from various sources like patients, insurance payers and suppliers, etc. The process can be quite complex and tiresome as it requires a lot of focus and time to maintain data and generate bills for various customers. This is where a medical billing software comes in handy. A Medical billing software is designed to make the billing process error-free, streamlined, and less time consuming. There are various types of medical billing software to improve practice management. You can choose a billing software as per the size of your medical practice (big or small) and based on your requirements. With medical billing software, you can increase the chances of getting maximum reimbursement and prevent claim denials.
Here’s a list of some of the best medical billing software along with their features.
- AdvancedMD Billing: This software comes with features like analytics and reporting, A/R control center, centralized billing, claim inspector, cloud-hosted medical billing, EHR integration, eEligibility, eRemittance, data conversion services, medical scheduling, and payment processing.
- athenaCollector: This software from athenaHealth comes with features like appointment scheduling, claims management, patient check-in, performance reporting, and revenue cycle dashboard.
- CareCloud: This software comes with features like bath payments, centralized billing, claim submission, data migration, denial resolution, EHR integration, ERA (electronic remittance advice), eVerifcation, local support, rules engine, and scheduling. It also offers cloud-based services.
- CureMD: This software comes with features like audit reports, barcode scanning and printing, device and browser independent, DME rental management, FramesData integration for optometrists, gift cards, promotions & coupons support, HIPAA compliant, inventory dashboard, kit creation, lot and expiration tracking, multi-location tracking, point of sale, prescription tracking, reorder alerts, role-based security, and sales commission tracking.
- DrChrono: The medical billing software offered by DrChrono comes with a wide range of features like practice group capability, staff accounts, email reminders, text reminders, phone reminders, incoming/outgoing e-fax, patient check-in, scheduling widget, advanced patient portal, advanced eRx, custom medical forms, custom macro buttons, appointment profiles, drawing tools, patient flags, tasks, insurance eligibility checks, medical speech-to-text, lab integrations, superbill, HCFA 1500, billing profiles, medical billing & reporting, electronic remittance advice, claims submission to iHCFA, claim submission to Emdeon, Trizetto bill processing, patient statements, billing services, coding review & audit, denial analysis, denial resolution, patient collections, revenue cycle management, customer support, hours of training, patient custom vitals, practice chat, and mobile EHR.
- Kareo: This software comes with features like agenda overview, billing analytics, billing tasks, charge capture, claim tracking, maximize productivity, rules engine, and scheduling/calendar.
- NextGen Practice Management: This software comes with advantages like easy scheduling, enhanced patient experience, improved claims submission, increased efficiencies, optimize patient collections, and streamlined front-and-back-office administration.
- NueMD: This software comes with features like batch payments, claim scrubber, electronic remittance advice, patient statements and collection, and reporting and analysis.
- PracticeSuite: This software comes with features like find missing revenue, front office management, plug revenue leaks, practice profitability, reconciliation reports, and practice profitably.
- WebPT: The features and benefits offered by Wept billing software are claim tracking, clearinghouse integration, custom reports, ERAs, EOB and payment posting, insurance eligibility verification, patient portal, invoicing, and billing.
