Kareo Medical Billing Software

Kareo has been in business for over 13 years. It started as a medical practice management and software billing company but has slowly transitioned into a leading EHR software vendor in the small to medium-sized practice market. It is now exclusively focusing on innovation in the health IT software after selling its revenue cycle management business to a third party.  

Kareo is an all-in-one software solution for independent medical practices and healthcare specialties. It assists users with daily administrative chores such as electronic health record-keeping, practice administration, and medical billing.  

Healthcare facilities use this platform to create relationships with patients while offering the most significant level of service. Kareo Billing reviews reveal that it provides cloud-based technology that allows for easy software updates and access at any time and from any location. In addition, it facilitates the billing process and delivers web and mobile applications to help users manage the problems associated with billing insurance. 

Kareo medical billing software offers flexible patient scheduling tools, collection processing, patient document storage, delinquent account management, customized reports, insurance confirmation, etc. That enables medical staff to verify insurance claims instantly.  

The software also offers an in-built messaging feature that allows practitioners to communicate effectively with patients, employees, and billers. For example, with its appointment and schedule reminders, physicians can schedule and review appointments on the go and send appointment reminders to patients to minimize the chances of no-shows. Other helpful features are Billing analytics, document management, agenda planning, and advanced claims processing.  

Key Features of Kareo Medical Billing Software

Kareo medical billing platform comes with all the tools and reports you need to assure quick refunds with minimal effort. This system is used by various specialist clinics to handle everyday operations such as scheduling, invoicing and payment, managing claims, revenue management, and more.  

A robust business analytic engine also works in tandem with an organization's billing processes. As a result, it assists you in identifying revenue prospects that will significantly contribute to your bottom line. You can quickly generate performance reports for your medical setup and use various graphs and metrics to study the data. Furthermore, it enables you to create drill-down data on non-paying patients and take action against them. 

Dashboard: The Kareo billing dashboard is a powerful solution developed to help healthcare offices manage their bill. It is specifically designed to help practices save time. It gives you a view of your team's daily vital tasks, unique workflows, and critical performance metrics. This dashboard provides valuable information and allows you to access patient records, store documents, schedule appointments, print reports, monitor tasks, etc. 

It also includes a simplified set of menus, home, and navigation buttons that put you in command. Healthcare institutions can use the dashboard to check insurance eligibility, schedule patients, and post payments. Users of billing companies can view tasks connected to their daily obligations. 

Patient Statements: Kareo provides complete methods for collecting what is owed to you. In addition, it offers four strategies for customers to rapidly send statements to patients and an option for online bill payment. You can rely on these technologies to shorten the patient billing cycle and increase income. 

Kareo's patient statement mailing service reduces processing costs, expedites patient collections, and saves staff time. Instead of spending money and time mailing patient statements, you can send them electronically. Kareo Billing Software Reviews further confirms that this option allows patients to see their balance and make a quick, safe, and easy payment online. 

Claims Management: Kareo's electronic claims filing tool eliminates the human effort associated with paper-based claim processing duties, allowing you to get paid faster. After completing the software's assisted insurance enrollment, you can electronically submit claims and track their status using a digital, transparent trail. 

Billers can use this application to send electronic claims to over 8,000 government payers and commercial insurance firms and obtain claim processing information, and status updates, and print claims as needed. In addition, you can eliminate all of your billing issues by combining Kareo billing with the software's closely integrated electronic claim filing process. 

Rejection Management: This is yet another practical component of Kareo's billing software. It lets you save time and be paid faster by providing you with customized information on the specifics of a denial. In this manner, you can address the underlying source of your rejections and reduce the amount of them you encounter daily. Furthermore, billers can automatically indicate denials that must be reviewed and subsequently resubmit insurance claims. 

According to Kareo Medical Billing Software Reviews, your claims are reviewed three times before reaching your payer's internal system. Above all, everything is done electronically to receive notifications immediately. 

Insurance Eligibility Checks: Kareo Billing automates the process of determining patient insurance eligibility to enhance collections. You can eliminate uncollectible revenue from patients due to insufficient or invalid insurance benefits by verifying insurance during appointment scheduling and patient registration. In addition, verifying insurance before each patient visit removes the nuisance of ineligibility and considerably lowers claim denials. 

Kareo Billing complies with all industry standards for electronically confirming insurance benefits to handle patient payment responsibilities efficiently. 

Kareo Billing Software Price

Pricing varies depending on the practice role. For non-physicians, Kareo billing is $160/month.  For physicians, it comes out to $320/month.  

Kareo Billing Software Reviews

Kareo Pros

• Kareo attracts many medical specialty practices by combining affordable pricing with its high first-pass approval rate.  
• Its unique Organized Worklist (OWL) proactively deals with denied claims to review, revise and resubmit claims to secure swift payment for the practice.  
• This system is adaptable to independent facilities of all sizes and includes hundreds of customizable templates geared to about 50 medical specialties. 
• Kareo provides a quick and easy implementation. The user-friendly interface and the excellent customer service personnel enable you to become acquainted with the product and go live quickly. 

Kareo Cons

• Kareo will now be using third-party billers to offer revenue cycle management services to its clients. Though this policy aims to strengthen the vendor's collaboration with medical billing companies, its impact on service quality to its customers is yet unknown.