Small physician practices and new medical billing companies concerned with managing costs look for cheap medical billing software. It must capture all details needed for billing and perform the necessary functions. At the same time, the initial purchase price must be under a thousand dollars and ongoing monthly charges should be reasonable.
Office Ally offers free billing software as well as a free online clearinghouse service. The software supports multiple providers in one or more locations and has the ability to generate customized superbills. Setup is free and users receive unlimited phone training on the HIPAA-compliant system. Claims can be submitted via paper or electronically and credit card payment processing is supported.
Collaborate MD offers standard online practice management services starting at $149 per month. The $199 per month program includes patient eligibility, unlimited claims, and unlimited support. Billing services cost nothing for the first tax ID number and $99 for each additional number. Usage fee is $45 per provider and claims cost 25 cents each. The software is easy to use, accommodates an unlimited number of users, provides claim tracking, and there is no contract requirement or setup fee. Optional appointment scheduler software is available for $499.
Tiered pricing is offered for the Web based service for medical billing called Kareo. The most basic service costs $69, while the most popular option for practice management and medical billing costs $199 per provider per month. This supports an unlimited number of users and unlimited paper and electronic claim forms. There are no upfront costs or contracts required and no cancellation fees are imposed. Patient management, appointment scheduling, daily data backup, and customizable reports are included.
Since both Collaborate MD and Kareo are Web-based, they can be accessed from any Internet-accessible device. Kareo features the ability to export data to common file formats like XLS or CSV and Collaborate includes more than 125 reports. A very economical Web-based alternative for group or individual practices with speech, physical, occupational, and behavioral specialties is My Client Plus. It costs only $19.95 monthly for unlimited patients and clients plus an additional $10 monthly for unlimited electronic claims billing. Multiple users and office locations, HIPAA compliance, and no transaction, setup, or cancellation fees are just a few of the features.
Total MD is Web-based and includes scheduling, reporting, and medical billing. Pricing starts at $99 monthly for the Essential single user version. This level includes the most important features that medical claims billing software should have. An advanced version costs $998 per month and optional upgrades are available including insurance claims, credit card payment, and employee timekeeping modules and HCPCS, ICD, and CPT codes.
For the most basic cheap medical billing software, consider Speedy Claims, a PC-based file and print application that costs $249. This software is designed for a single PC environment but additional licenses are available for a fee. Data entry is simple and auto complete is available for all fields and settings. Electronic and printed claims are supported and a year of software updates is included.
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