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 space after selling its revenue cycle management business to a third party.
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 practices to communicate with their patients, employees, and billers effectively. 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. Some other helpful features are Billing analytics, document management, agenda planning, and advanced claims processing.
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 Pros: Kareo attracts a vast number of 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.
Kareo Cons: Kareo will now be using third party billers to offer revenue cycle management services to its clients. Though this policy is aimed at strengthening the vendor's collaboration with medical billing companies, the impact it will have on service quality to its customers is yet unknown.
Kareo Medical Billing Software Features
Practice Management Software
Reporting and Analytics
Medical Billing Service