The Best Medical Billing Services for Small Practices

A medical billing firm handles more than just filing claims for you. It guarantees that the claims submitted and related documentation are thorough, communicates with patients and insurers regarding any pending payments, and maintains the financial records of your practice. This enables you to concentrate on your primary strength—caring for your patients.

Given the significant implications, securing a dependable medical billing service provider is essential. The positive aspect is that there are multiple choices available for you:

Choose your EHR Provider: Numerous Electronic Health Record (EHR) providers offer revenue cycle management (RCM) services together with their EMR software.
Hire a third-party medical billing service: Choosing a local provider may provide tailored assistance and better communication.

Both options have their pros and cons, However, if you have decided not to opt for a medical billing provider near you and instead invest in one of the big guns, continue reading.

We've compiled a list of the best medical billing companies based on user rankings.

AdvancedMD
AthenaCollector
Kareo
CareCloud
BillingDocs

AdvancedMD Medical Billing Software

AdvancedMD is a leading entity in the sector, serving both small and large practices with cost-effective and adaptable solutions. It provides an extensive array of services, featuring an EHR/EMR module, Practice Management (PM) module, telemedicine solutions, and RCM. By using AdvancedMD Medical Billing Service, you gain access to their highly-rated EMR and PM at no additional cost, which increases the overall worth for your practice.

AdvancedMD

Here's are some of the pros and cons of AdvancedMD Medical Billing:

Pros	Cons
Has a 95% pass rate on the first claim Assists with denied claims Checks insurance claims for mistakes before sending them out	Mobile App is only available for iOS devices Doesn't code insurance claims on its own Charges extra for after-hours customer support

AdvancedMD offers an extensive suite of features and benefits to its users. Some of their top features include:

Appointment Scheduling Software: Streamlines the booking process with automated reminders.
Patient Portal: Enhances patient engagement and access to their medical information.
Optimized Mobile App: Provides a user-friendly experience for iOS users.
Claims Management: Efficiently handles the entire billing process from submission to payment.
Centralized Billing And earinghouse: Simplifies financial operations by consolidating billing activities.

AthenaCollector Medical Billing Software

Founded in 1997, AthenaCollector is one of the many healthcare IT modules offered by Athenahealth. Instead of developing separate software for each service, Athenahealth provides multiple integrated modules that function effectively both independently and collectively. A key highlight of AthenaCollector is its capability to automate billing services while still ensuring in-house management. It features a 93% initial insurance claim approval rate, guaranteeing faster payments.

Here are some of AthenaCollector's pros and cons.

Pros	Cons
Very easy to use navigation and interface. Robust reporting & analytics features Offers claims management	A low first-pass insurance claim rate Charges a small fee for denied claims May become complicated for single practices Doesn't code your insurance claims

Some of AthenaCollector's top features include:

Rules Engine for Claims Management: Automates the billing process by identifying and correcting coding errors.
Patient Check-In Process: Streamlines patient intake and registration.
Automated Performance Reports: Provides real-time insights into billing performance.

Kareo Medical Billing Software

Kareo medical billing enables practitioners to dedicate more time to their patients with its comprehensive solution, which encompasses medical billing, integrated healthcare IT systems, and managed services. Kareo seeks to enable practitioners to prioritize patient care over administrative duties, promoting itself as the "Only Comprehensive Technology Platform" tailored specifically for individual practices.

Pros	Cons
Offers a PM solution Assigns a Success Coach when you sign up Affordable pricing	Kareo EMR and PM also come as a packaged deal Doesn't provide claims follow-up in their basic pricing plan Managed billing needs to be purchased separately

With medical billing, EHR/EMR, and practice management combined into one software, you get a few advantages.

CareCloud Software

CareCloud is another excellent choice for your practice, offering flexibility in how much of your operations you choose to outsource. CareCloud adjusts to your requirements, whether you wish to combine their EHR and PM software with their medical billing services or opt for external solutions.

CareCloud's pros and cons are listed below.

Pros	Cons
Offers a user-friendly interface Completely customizable billing services Offers consulting services as a plus point	High cost of implementation Only available on iOS devices

Some of the top features of CareCloud include:

Free Access to MIPS Training: Helps practices comply with the Merit-based Incentive Payment System (MIPS).
CollectiveIQ for Reduced Coding Errors: Utilizes advanced tools to minimize coding mistakes.
Centralized Practice Management Software: Consolidates all administrative tasks for better efficiency.

BillingDocs Medical Billing Software

BillingDocs provides a valuable and all-encompassing billing service designed for practices looking for outstanding cost-effectiveness. Focusing exclusively on Revenue Cycle Management (RCM) services, BillingDocs delivers outstanding support and assistance to its customers. They provide credentialing, accounts receivable management, and medical billing services, enabling practitioners to select the particular services they require.

BillingDocs is an all-in-one medical billing platform that focuses on boosting productivity, reduce denied claims, and help you manage your payments faster.

The pros and cons of BillingDocs are as follows.

Pros	Cons
Compliant with Medicaid and Medicare Reduces billing and coding errors Streamlines cash flow	Has no EMR or PM of its own

Some of the top features of BillingDocs includes:

Claims Resolution: Efficiently reviews and resolves denied claims to maximize reimbursement.
E-Remittance: Facilitates faster and more accurate payment processing.
Claim Posting: Accurately posts insurance claims and patient payments.
Claim Follow-Up: Provides in-depth tracking and follow-up on insurance claims to ensure timely payments.
Billing Audit: Offers complimentary audits to identify and rectify billing inefficiencies.
Patient Insurance Verification: Confirms patient insurance details to prevent claim denials.
Coding: Supports accurate coding to enhance claim acceptance rates.

Which One's the Right Choice?

Ultimately, selecting the appropriate medical billing service relies on the unique needs and priorities of your practice. Take into account aspects like the scale of your practice, the intricacy of your billing requirements, your financial plan, and the degree of assistance you need. After recognizing your priorities, you can start evaluating the vendors that most closely match your needs. Require tailored help in locating the ideal billing service? Complete the form at the top of this page to receive specialized guidance suited to your practice's requirements.

The Best Medical Billing Services for Small Practices

Need Help Deciding