4 Best Medical Billing Companies

Best Medical Billing Companies – Overview

Most healthcare workers and physicians agree that settling medical claims takes enormous time and effort.

Apart from coding and submitting payments to different insurance companies, healthcare workers must regularly appeal denied claims and follow up on successful claims.

On the other hand, medical practitioners who use billing software save a significant amount of time and can track claims very easily. In addition, private healthcare providers and practices can also use managed billing services to ease their administrative burden.

To help you find the best medical billing company, we evaluated numerous services and determined those that offer innovative software, complete support and assistance with claims appeals.

Best Medical Billing Companies

To make this list, we reviewed individual companies’ key stats, percentage of claims approved on first submission, requirements of revenue and structural plans.

Here’s our list of the best medical billing companies:

1 – AdvancedMD

AdvancedMD offers updated solutions ideal for small and large practices, thus making healthcare services scalable and more cost-effective.

For over twenty years, AdvancedMD has reliably provided medical billing services. The company effectively works with small and large healthcare services and delivers comprehensive support and customized solutions for all medical businesses.

It has numerous options that support healthcare providers’ growth, making it the top-ranking medical billing company on our list.

AdvancedMD combines several aspects of healthcare practice management. It claims a high first-pass rate for claims, which can help reduce denials.

This software works with cloud technology and is accessible via popular web browsers like Safari, Chrome, and Edge. It also offers mobile app support for iOS and Android devices.

Why choose AdvancedMD for Medical Billing

AdvancedMD offers incredible features, such as:

Checking claims for coding errors
Working with small and large-sized medical practices
Assuring more than 95% first-pass rate for claims
Additional help with denied claims
Unlimited users
iOS mobile app
automatic updates
scheduling software included
patient portal
claims management
automatic data back-up

2 – ChartLogic

ChartLogic offers certified coder support for the billing needs of small-sized medical practices and offers a one-stop solution for medical billing.

This is one of the oldest RCM (Revenue Cycle Management) software solutions. It offers numerous innovative features, such as auditing past billing and collection procedures, which help you make better software implementation plans.

The software contains certified coders’ end-to-end billing monitoring and PM and EMR features, making it an excellent all-in-one solution for smaller medical practices.

You can collaborate with ChartLogic and let the company handle your complete billing process with a 95% success rate.

The software system offers scheduling, claims and collection and patient registration in a single pack. The software is accessible on major operating systems, including Windows and through apps for iOS and Android devices, and it works with popular web browsers like Edge, Safari, Firefox, and Chrome.

The company also offers on-board and training to new users at no extra charge.

Why choose ChartLogic for Medical Billing

ChartLogic is an excellent solution for medical billing because of its unique features, which include:

Platform agnostic
End-to-end solutions
Certified coders
Review, edit and code claims automatically
Send claims through the claims scrubber for review
Monitor claims and follow-up process
Get claim status details
Customizable reports

3 – Kareo

Kareo is an excellent medical billing software system that combines managed services with an integrated healthcare IT system to form a one-stop solution.

Kareo is designed for independent physicians with small—to medium-sized private practices. The solution puts physicians first, and it is touted as the “only complete technology platform” for such medical practices.

It combines practice management and medical billing services and takes care of all your basic practice requirements.

This software offers physicians a complete set of independent physician tools, including engagement platforms, managed billing and clinical billing.

While additional fees apply for the EHR feature, this software is compatible with multiple operating systems, including Windows, and it works with popular web browsers like Chrome and Firefox.

Why choose Kareo for Medical Billing

Kareo comes with efficiency-enhancing features, such as:

No contracts
Success coach
Practice management software
Over 70 standard report templates
Claims processing and tracking tools
Scheduling system with reminders

4 – Waystar

Waystar is an all-in-one healthcare payment solution. It combines two extremely relevant platforms, ZirMed and Navicure, for an industrial-standard RCM solution. The software is designed to provide end-to-end billing solutions and high-level reporting and combines many practice management software features.

It has many high-end features, making it an incredible solution for medical billing.

Waystar boasts a 98.5% first-pass rate for claims and offers the highest percentage of successful claims. It is designed to combine all payments, including from Medicare.

This cloud-based solution combines leading practice management software and health information system (HIS), thus allowing you to use existing EHR software and in-house medical coders. The software is compatible with major operating systems, including Windows and iOS.

Why choose Waystar for Medical Billing

Waystar offers incredibly effective features, such as:

Automatic claim scrubbing and editing
Real-time claim tracking
Health insurance eligibility verification
Auto split remits function
Enterprise-grade analytics and reporting
Integrated payment processing
More than 900 payer appeal templates
Patient finance clearance
Claim management
Patient financial experience
Patient insights
Revenue integrity
Denial management
Agency management

Conclusion

These are the top four choices of medical billing companies. These companies offer all-in-one billing solutions that use innovative and efficiency-enhancing features that make billing and claims easier to handle.

It is highly advised to visit the official websites of these companies to learn the specifics of payment plans, eligibility and other details.

Grants for Medical