Compare Medical Office Billing Software Prices – BUYERS GUIDE 2020
What is Medical Billing Software and How Much Does it Cost?
In 2020 medical billing software can cost from $32 - $95/month (hosted) - $8,000 (on-site equipment). The total cost depends on enterprise size and whether or not you want on-site servers. Web-based or "cloud" software runs on off-site servers and can cost as little as $26 to $110 per month. Many vendors also charge a percentage of claims processed using their software. Other factors include the number physicians using to software and how many patients seen per day.
Before and after a patient receives treatment, healthcare providers must submit and follow up on insurance claims with the patient’s health insurance company. Medical billing software, a growing part of the healthcare industry's automated connectivity, digitizes this process and reduces the cost and time associated with handling phone- and paper-based claims.
Compare Medical Billing Software Pricing
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What to Look For In Medical Office Billing Systems:
Your medical billing software should have easy-to-use functionality when it comes to patient registration, scheduling, charge entry, payment posting, insurance and billing, and reporting. Your software must also be compliant with the latest regulations of the Health Insurance Portability and Accountability Act (HIPAA).
Medical billing software often comes with electronic health records (EHR) connectivity. Make sure your billing software can be integrated with your other practice management software.
You should also question your medical billing software vendor about their policies and practices, and any back-end access they have to the software. Make sure patient privacy and security is paramount for their company as well as their software. And of course, make sure your medical billing software vendor provides telephone support and technical service.
Compare leading medical billing software programs to find the right system for your practice. Web based HIPAA & EDI compliant medical billing and scheduling software that designed for a small to medium practices and will help your medical practice to file more accurate claims and see quicker reimbursements. Simplifies your billing from eligibility to collections. Reduce denials, and increase profits.
Web-based/ASP Medical Billing Software Pricing
As the name states, this is could based medical billing software, a/k/a Software-as-a-Service (SaaS), or application service provider (ASP). This is by far the cheapest solution. On average, prices can range from about $30 to $95 per month. In addition to the monthly base rate, be prepared to pay for electronic claim fees as well. While not common, there may also be a small charge for setup fees.
Medical Insurance Billing Software (On-Premise) Costs
The server is resides at your place of business and you in-house IT department provides all the service, maintenance, and technical support. The downside is this cost considerably more, however the advantages of a client-server configuration is it allows multiple employees (thousands if needed) to share the same database. The cost can be as little as $3,000 but usually averages around $8,000.