Medicraft
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Overview
Medicraft helps healthcare organizations manage medical billing, patient information, and revenue cycle workflows. While custom integrations may require additional implementation work, its eligibility verification, claim scrubbing, and patient management features support practices that handle day-to-day billing and administrative processes.
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Starting Price
$150
per provider per month
Medicraft Specifications
- Appointment Management/Scheduling
- Patient Portal
- Billing and Invoicing
- Claims Management
What Is Medicraft?
Medicraft is a cloud-based medical billing and practice management software for healthcare organizations to manage patient information and the billing and revenue cycle work that goes with it. The software offers AI-enabled reporting that covers billing performance, accounts receivable, payment activity, and operational trends, with real-time insights into accounts receivable. It also sends appointment reminders automatically and records patient no-shows, which shows how patients move through the practice.
What Is Medicraft Best For?
The software stands out with its automated medical coding feature. Medicraft connects with Electronic Health Record (EHR) and Electronic Medical Record (EMR) systems and fills in superbills with ICD-10 and Current Procedural Terminology (CPT) codes. Those codes follow Centers for Medicare and Medicaid Services (CMS) guidelines. This fits practices that spend a lot of time on manual coding or run into frequent coding errors, or those that prefer to keep coding inside their current EHR or EMR workflow.
How Much Does Medicraft Cost?
Medicraft pricing is estimated to start at $150/provider/month. This figure comes from comparing similar medical billing and practice management software solutions. What a specific organization pays will depend on factors like the number of providers or locations, which specialty modules are required, how complex the implementation and integration are, and what level of coding support is needed.
In addition to the base subscription costs, organizations should keep the following potential costs in mind based on the industry benchmarks:
- Implementation: $1,000–$10,000
- Data Migration: $500–$5,000
- Training And Onboarding: $500–$3,000
- Integrations: $500–$5,000
- Customization And Configuration: $500–$4,000
- Payment Processing Fees: 2.5%–3.5% /transaction
- Clearinghouse Fees: $0.15–$0.50/claim
Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.
Medicraft Integrations
Medicraft integrates with Electronic Medical Record (EMR) and billing platforms.
How Does Medicraft Work?
Log in to your Medicraft account then follow the steps below to use its features:
- Enter demographic, insurance, and other details to set up each patient record
- Confirm insurance coverage and benefits to verify patient eligibility before billing
- Connect your EMR system with scheduling and practice management workflows to manage patient information
- Use patient and service information to create each claim and submit it for payment
- Monitor submitted claims, payments, and outstanding accounts receivable to track claim status
- Review rejected claims, correct the errors, and resubmit them to manage denials
- Record each payment and update the patient balance
- Open the dashboards and reports to review billing and practice performance
Who Is Medicraft For?
Medicraft software is suitable for healthcare specialties and disciplines, including:
- Chiropractic
- Ophthalmology
- Radiology
- Anesthesiology
- Oncology
- Pathology
- Otolaryngology (ENT)
Medicraft Use Cases
Based on our analysis of Medicraft’s current capabilities, we have identified key scenarios where this software is a good fit for healthcare organizations:
Multi-Location Groups Standardizing Patient Records
A patient who visits more than one location can end up with a split history when duplicate records or inconsistent demographics exist. Scheduling and billing then depend on incomplete information. Medicraft's master patient index gives every practice under an enterprise access to the same patient data, and its registration tools identify and resolve duplicates. This lets a group with several locations keep one record per patient.
Practices Addressing Eligibility-Related Claim Denials
Medicraft includes an eligibility verification module that tracks coverage in real time for private plans, Medicaid, and Medicare. Manual coverage checks are a common reason for eligibility related denials, and every denial means someone has to rework the claim. The module suits practices with high patient volumes or a mix of payers, since coverage problems show up before claims are submitted.
In-House Billing Teams Managing Aging And Underpaid Claims
Practices that keep billing in-house often struggle to chase aging claims without adding staff. Medicraft gives these teams work queues for the claim lifecycle and claim scrubbing to correct errors. It also follows up automatically on delayed or underpaid reimbursements, so the existing team does not have to track each one by hand as claim volume grows.
Hospitals And Billing Providers Monitoring Revenue Performance
Medicraft includes custom reports on financial data, management information, and key performance metrics. Hospitals, physician practices, and third-party service providers use them to compare results against benchmarks. Without that visibility, revenue cycle problems can stay hidden and get worse over time. Administrators can also open the analytics on smartphones and tablets when they need to review performance away from the office.
Front Desk Teams Handling Copays And Patient Balances
Front desk staff take copays, deductibles, and coinsurance payments at one point and reconcile them later, and amounts are easy to lose track of in between. Medicraft collects copays at check in and check out. It also offers online payment portals and card connectivity for reconciling patient accounts, which gives patients more ways to pay.
Is Medicraft Right For You?
If you are a healthcare practice of any size and want one system to manage the full revenue cycle, then Medicraft could be worth considering. It has a secure patient portal and a Master Patient Index (MPI) that keeps patient records organized across the practice. Medicraft is HIPAA compliant and encrypts healthcare data to protect patient information.
More practices are turning to automated billing because coding is harder to get right, documentation rules are stricter, and denied claims cost money. Medicraft handles this through claim automation and scrubbing, which checks claims for errors before they go out. It also offers real-time eligibility verification, denial tracking, and payment posting.
Still not sure if Medicraft is right for you? Contact us at (661) 384-7070 for further guidance.
Medicraft Features
Eligibility Verification
Medicraft checks patient coverage in real time for private health plans, Medicaid, and Medicare. A payer rule engine applies HIPAA requirements and health plan guidelines to every check. Coverage problems appear before the scheduled visit, which matters because they are a common reason claims are denied.
Patient Management
Patient information is stored in one system. This includes diagnoses, prescriptions, interactions, and encounters from across the healthcare organization. The platform contains EHR and EMR records, medical scheduling, practice management, and encounter records. Each module shares data with the others within the RCM workflow, so clinical and administrative details stay consistent.
Medical Billing
The software supports in-house billing and handles copays, deductibles, and coinsurance through online patient payment portals. Account reconciliation compares patient balances with posted payments. When reimbursements arrive late or fall short, the system sends automated follow-ups. The billing workflow starts with eligibility verification, continues through check-in, and includes copay collection at the front desk.
Scheduling
Appointments are booked in the practice management platform, where staff can see the full patient history next to each one. Staff can change, reschedule, or cancel visits, record patient contacts, and look up past appointments. Scheduling follows clinical orders and displays patient demographics and appointment types. On request, the system finds the first available slot. Calendar views can show one resource or a group of resources.
RCM Reporting
The reporting module produces custom reports on financial data, management information, and performance metrics. The reports show revenue cycle problems that are hard to spot in daily work, and benchmark comparisons show how a practice is doing against its targets. Each practice can configure reports around the metrics it tracks and review its billing performance over a longer period.
Patient Tracking
Patient flow is tracked through check in, arrival, ready, in room, finished, and check out statuses. Staff can record no shows and patients who leave before seeing a practitioner. A daily view lists the appointments for a chosen location and displays demographics and encounter details. From that view, front desk staff can collect copays and book follow up visits.
Patient Engagement
Patients can view their personal health record, lab results, and pathology and radiology reports. The platform includes communication tools that let patients contact their healthcare team from any device at any time. Automated reminders are sent before scheduled visits. The same workflows handle both enterprise operations and patient interactions throughout the day.
Pros And Cons of Medicraft
Pros
Cuts the time billing staff spend on paperwork
Shortens the wait for insurance payments to arrive
Makes it easier to collect payments from patients
Shows which accounts and balances are still unpaid
Helps staff find rejected claims and fix them faster
Cons
Staff may need training to use every feature
Support for each specialty may vary between healthcare practices
Setup may require integration with existing systems
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Frequently Asked Questions
What facility types does Medicraft support?
Unify Medicraft supports a range of healthcare facilities, including urgent care centers, emergency rooms, hospitals, and durable medical equipment (DME) and home medical equipment (HME) providers.
Does Medicraft charge a percentage of collections?
Medicraft does not publicly disclose its pricing structure or whether it charges a percentage of collections. Request a custom Medicraft price estimate.
Can Medicraft scale with a growing practice?
Yes, Medicraft can scale with growing practices and healthcare organizations.
Can Medicraft be accessed on mobile devices?
Yes. Medicraft works on PCs, tablets, and mobile devices.
Does Medicraft offer a free trial?
Yes, Medicraft offers a free trial.
How long does it take to implement Medicraft?
No standard implementation timeline has been specified by Medicraft. Implementation time depends on the practice size, data migration needs, and custom integrations.
What level of support does Medicraft offer?
Medicraft provides support via phone, email, and an online contact form.