Tuesday, December 7, 2021

11 Best Medical Billing Companies in 2021

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The 11 Best Medical Billing Companies of 2021

The best medical billing services make it simple and easy to manage all features of billing, from charging insurers to collecting payments. A medical billing solution is a key part of any software you use. 

Medical Billing Companies

 

Here I mention the 11 best medical billing companies that provide the best service.

  1. AdvancedMD
  2. Kareo
  3. athenaCollector
  4. Cure MD
  5. CareCloud
  6. DrChrono
  7. Human Medical Billing
  8. Cerner
  9. ClaimCare
  10. Helpware
  11. eClinical works

The healthcare industry is an important, important tool to every society.

Related to medical billing, each software platform should be extensive, easy to understand, and have several charts.

This article helps you find the best Medical Billing software for your unique business needs while allowing the top medical billing system solution leaders who help make your decisions possible.

1.AdvancedMD (BEST OVERALL)

AdvancedMD making the medical billing service cheap and flexible.

 Since 1999, AdvancedMD medical billing company has been a trusted provider of medical billing services. It is an all-in-one solution that gathers various units of your practice for an ideal experience.

AdvancedMD offers more products and services with small to large industries like physical therapy, mental health, group practices and independent billing consultants. So, billing consultants or larger companies that work with various clients can purchase AdvancedMD software to make their jobs easier.

AdvancedMD offers standard packages and custom solutions, including practice management, scheduling and billing, electronic medical record (EMR) or electronic health record (EHR), telemedicine, patient relationship management, and RCM services. AdvancedMDs EMR system helps with billing authority.

As a cloud-based platform, this works on web browsers like Google Chrome, Safari and Microsoft Edge. Internet Explorer is not supported. You can also use the iOS app on iPads and iPhones, but it’s not developed for Android hardware. 

Pros

  •       search claims for coding errors
  •        The especially high first-pass success rate
  •       Works with refused claims
  •       Works with all sizes and types of practices

Cons

  •       Doesn’t code claims
  •       Extra fees for after-hours emergency support

 

2.Kareo

Kareo is another big company in the medical billing services industry and has been around since 2004.

Kareo provides EHR, marketing solutions and a powerful billing platform to many healthcare providers. It’s similar to AdvancedMD as it offers various solutions and add-on products like telemedicine as well as patient engagement apps. For example, it uses automation to schedule patient appointments.

Like AdvancedMD, it offers both software and outsourced billing. So, clients that don’t want to manage their billing process can outsource it to Kareo’s managed billing team. The managed billing team has professionals that have experience in various medical billing sub-groups like mental health and chiropractic medicine.

Pros

  •       Competitive pricing
  •       Handles all aspects of medical billing if desired
  •       Works with resubmissions
  •       Nice level of training options
  •       Includes practice management software
  •       No contracts
  •       Success coach
  •       Have solutions over 30+ specialities

Cons

  •       Must use Kareo’s EMR and practice management software
  •       Some questions about its customer service reliability
  •       Managed billing is a separate service
  •       No claims follow-up on basic billing software

The company also helps a practice in handling patient statements. It posts patient statements through email or post mail if needed. It also handles any customer support regarding billing. This is a good point of Kareo’s medical billing service.

 

3.athenaCollector (BEST FOR HOSPITALS)

athenaCollector is one of the oldest and huge medical billing companies out of the others. It is fast to deploy and stops any part of the billing process from becoming difficult.

The athenaCollector medical billing platform offers a user-friendly interface that depends heavily on automation to make sure payments are created, processed and paid. This makes it closer to being a revenue cycle management (RCM) service, covering not just billing and also coding, scrubbing, and following up unpaid claims. 

 Their rules engine provides an automatic way to find errors or potential processing issues, not least by checking against its info of insurance rules and eligibility standard, that it does before a patient is even booked in. 

The system itself is easy to use, with info presented in an accessible way that makes it easy to understand how to operate it.

Pros

  •       Extremely easy to use
  •       Designed to help your in-house billing
  •       Shorter than average minimum contract length
  •       The price point is a bit below average
  •       Includes claim management
  •       Robust reporting features for enterprises

Cons

  •       Not made for those who want a complete third-party billing service
  •       The first-pass success rate in claims is a bit lower than others
  •       May charge fees for denied claims
  •       Complicated for solo users

 On average as a billing company and a supplier of medical billing software athenaCollector is a good selection.

 

4.CureMD (BEST FOR SPECIALITY PRACTITIONERS)

CureMD offers cloud-based practice management and billing software. Its practice management system has an EHR, e-prescribing, and patient communication portals.

Its medical billing platform is very wide because it includes denial management systems, AR management, and insurance eligibility.

Like other medical billing service firms, it assists suppliers with adapting to changes in healthcare like MACRA. MACRA is an advanced set of rules that aims to reward physicians for quality of care, rather than a high volume of patient visits.

Their EHR and vaccine administration management system is relatively easy and simple to navigate through, their solution is speciality-specific and offers enough customization for a practice to alter it as per its size and workflow.

CureMD supplies comprehensive medical billing software, that allows the printing of useful financial reports. It additionally contains a key performance dashboard with real-time figures on A/R periods, revenue collection, common rejection reasons related to payers. 

These options facilitate a physician in monitoring the performance of his practice without getting into difficult accounting details.

Advanced claim scrubbing, de-coding tough rejection responses and helping clients resolve rejections, even if they don’t outsource their billing to CureMD are some other services that CureMD provide.

Pros

  •        The low initial price for basic service
  •       No minimum contract requirement
  •       The very high first-pass success rate on claims
  •       EHR software designed for specialities
  •       Billing services include an all-in-one system
  •       Free onboarding

Cons

  •       Has multiple add-on fees, depending on the level of service you need
  •       does not support some uncommon speciality areas
  •       Doesn’t work on Android phones
  •       Fees for more than five users

5.CareCloud

CareCloud is a managed revenue cycle management (RCM) match to cover all medical billing service requirements. It mixes a combination of intelligence, analytics and a back-office team to make sure smooth and productive payment processes and stress for employees. 

They can take claim submissions either electronically or via paper to take claims to payers, and cover the printing and mailing of patient statements directly.

 CareCloud is another supplier that seems to have got a lot right in their approach to EHR and PM. They also keep things simple and easily manageable with a very simple interface. It also joins with their EHR software and patient portal software. Even better is that pricing is very competitive and needs to pay just for the service that is used.

CareCloud is a famous supplier that manages to deliver full-service solutions to a wide range and kinds of practices and manages to do so without any of the confusion, expense, and demands that big-name suppliers can feel entitled to. If you want to keep your billing simple to manage, CloudCare is likely to be one of the best selections to look at.

Pros

  •       Multiple pricing tiers with competitive overall pricing
  •       Has a strong matching EMR system
  •       Offers a minimum contract length of one year
  •       Excellent coding results
  •       User-friendly interface
  •       Includes consulting services
  •       Customizable billing options

Cons

  •       Startup fees are high for new clients
  •       Requires a minimum monthly guarantee
  •       Only offers an iOS app

6.DrChrono

DrChrono is a medical billing supplier that provides medical billing software, patient portals, outsourced billing, and an EMR system.

Drchrono’s EMR can be accessed anywhere with Wi-Fi. So, medical professionals can check any patient’s medical history and charts from a desktop, tablet, or even a mobile phone. It has many aspects like online prescribing, laboratory orders, medical dictation and custom charts. These charts can be tailored for various medical sub-niches like physical therapy or mental health.

Its medical billing platform is pretty strong as it has claim scrubbing, denial resolution, and clearinghouse submission.

This billing platform reduces patient communication and paperwork via automated billing reminders along with custom forms. Some automated patient communications have the text and email messages to remind them of upcoming appointments along with late bills.

Overall, DrChrono is a well-supported and easy to use platform. 

Pros

  •       Geared toward both general practices and speciality providers
  •       Works with small practices with no minimum monthly guarantee
  •       Will handle the claims submission process from start to finish
  •       Offers a high percentage of success on the first pass of insurance claims

Cons

  •       Must be a DrChrono EMR software client
  •       May does not work as well for larger practices

7.Human Medical Billing Company

Human Medical Billing has been around for over 20 years, has the best rating with the Better Business Bureau, and is a member of the American Medical Billing Association. They mainly focus on outsourcing medical billing, rather than just supplying the software. 

Human Medical Billing works with some insurance providers and tailors solutions build on their customers’ backgrounds. Their denial system is very natural as it has automated reports for denials along with the reasons for each one.

Human Medical Billing offers a cloud-based platform that is not simply a billing service but a full revenue cycle management (RCM) solution, which might integrate with their EHR software.

Human Medical use a mix of software and human supervision to work through the billing process, to make sure billing errors are identified and corrected before entry. They will also look up claims with insurance companies, not least denied and miss-adjudicated claims, which might especially remove a part of stress and pain that could otherwise be time-wasting for practice employees.

Pros

  • Provide a flexible billing solution

Cons

  • Do not offer a Practice Management (PM) platform

8.Cerner

Cerner is another famous billing company in the market though they appear to be somewhat overpriced. Cerner probably has the most positive functionality in the industry.

On the billing side, they supply a wide revenue cycle management service just like Kareo. They post your charges, drop your claims, submit them through a clearinghouse and follow up on your denials. They also cover patient collections.

Cerner has a good product they should work on improving their user experience so that the product screens look less disarranged.

Pros

  •       Multiple advanced features for large practices
  •       Handles all aspects of billing
  •       Will manage patient account collections for you
  •       Once you figure out how to use it efficiently, this is an impressive service

Cons

  •       Higher than average pricing
  •       The training process is long and involved
  •       Customer service has hit and miss results

9.ClaimCare

ClaimCare offers clients outsourced billing, billing software, analytics, and an EMR system. Like some of its competitors, it also helps clients automate client appointment reminders and confirm insurance. 

One way that ClaimCare sticks out from the other is with its patient checkout tool. The patient checkout tool arranges the standard office visit and lets healthcare professionals collect copayments and coinsurance after each visit.

Another way that ClaimCare modify itself is by having a mixed team having of not only medical billers and also doctors, process engineers, and IT people. Also, it lets every medical professional access key reports like AR overview, AP and the average balance per patient.

Unlike other old systems, ClaimCare’s built-in dashboard views let you see details about your claims, outstanding AR and other revenue cycle management processes from anywhere. These dashboards are cloud-based, so you can work from remote environments.

Pros

  •       Instant Payment Program
  •       Professional medical billing experts
  •       Easy implementation

Cons

  •       No mobile app
  •       No add-on services like telemedicine

10.P3 Healthcare Solutions

P3 Healthcare Solutions specializes in partnering with medical practices and supplies HIPAA-compliant medical billing and other RCM services. 

Medical Billing services include software-as-a-service and also coding and billing. RCM services include pathology and clinical lab, credentialing, AR management and auditing.

P3 Healthcare Solutions can supply complete medical billing that includes insurance verification, coding, charge entry, payment posting, rejected claims clearing, denial management, AR recovery and patient statements. 

This company has also worked to specialize in billing for telehealth services.

Pros

  •       Comprehensive services
  •       Organized and efficient workflow
  •       HIPAA-compliant

Cons

  •       May is not right for smaller practices

11. eClinicalWorks Medical Billing Company

This company also focus on software services to help practices coordinate care and manage front and back-office tasks. 

This offers Solutions like telehealth, patient engagement such as portals, population health management including care coordination and revenue cycle management. This platform is designed for use by independent ambulatory practices and includes options for managing scheduling, lab orders and reviews, documentation, claims billings and patient follow-up.

Some of the aspects of the program include a virtual assistant for quick learning curves, patient compliance dashboards and the capability to access information from multiple devices and locations. 

The revenue cycle management tools help to estimate claims and billing processes and monitor KPIs. An alerts dashboard keeps you in control of claims so you can decrease AR days and trouble spots like timely filing denials.

Pros

  •       Flexible service and software options
  •       Affordable RCM as a service
  •       Integrates with other programs such as Scribe

Cons

  •       Customer support is not all U.S.-based

 

What is RCM in medical billing?

Revenue cycle management (RCM) is the financial process, use of medical billing software, that healthcare facilities use to record patient care details from registration and appointment scheduling to the final payment of a balance. 

 

What is the most popular company among medical billing companies?

Advanced MD is the best overall medical billing company in 2021.

 

 

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Dennis L. Hernandez
I am a medical biller, a blogger and have 20 years of experience in medical billing, medical billing management, and medical assistant. My background includes positions as a clinical medical assistant, medical records technician, medical office manager, biller, and coder.

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