Software Advice has helped medical practices of all sizes find the best revenue cycle management software for tracking the full life cycle of the patient experience. How does it work?

Revenue Cycle Management Software


Sort by:
 
Sort by:
 
drchrono EHR logo
 
drchrono EHR is a patient care platform that offers customization at the point of care and on the go. In addition to EHR, drchrono also includes scheduling, billing and patient reminders. It is available on iPad, iPhone and Apple Watch. Healthcare... Read More
Rating:            (199)
Rating:
        (199)
Price:
Advisor Recommendations:
382
Platforms:
Deployment:
Business Size:
S
M
L
drchrono EHR is a patient care platform that offers customization at the point of care and on the go. In addition to EHR, drchrono also includes scheduling, billing and patient reminders. It is available on iPad, iPhone and Apple Watch. Healthcare... Read More
 
AdvancedMD logo
 
AdvancedMD is an integrated medical software suite for independent practices. Features include practice management, electronic health records, patient engagement, telemedicine, rooming, reputation management, financial analytics and... Read More
Rating:            (347)
Rating:
        (347)
Price:
Advisor Recommendations:
380
Platforms:
Deployment:
Business Size:
S
M
L
AdvancedMD is an integrated medical software suite for independent practices. Features include practice management, electronic health records, patient engagement, telemedicine, rooming, reputation management, financial analytics and... Read More
 
NueMD logo
 
NueMD offers a comprehensive suite of software and services for practices of all sizes. NueMD is an integrated appointment scheduling, practice management/medical billing, electronic health recording, and medical billing solution. NueMD... Read More
Rating:            (424)
Rating:
        (424)
Price:
Advisor Recommendations:
215
Platforms:
Deployment:
Business Size:
S
M
L
NueMD offers a comprehensive suite of software and services for practices of all sizes. NueMD is an integrated appointment scheduling, practice management/medical billing, electronic health recording, and medical billing solution. NueMD... Read More
 
MediTouch EHR Software logo
 
NextGen Healthcare offers MediTouch EHR and MediTouch PM, a suite of electronic health records and practice management tools that were designed to be web-based and offer a touchscreen user interface. The EHR offers charting, problem... Read More
Rating:            (475)
Rating:
        (475)
Price:
Advisor Recommendations:
204
Platforms:
Deployment:
Business Size:
S
M
L
NextGen Healthcare offers MediTouch EHR and MediTouch PM, a suite of electronic health records and practice management tools that were designed to be web-based and offer a touchscreen user interface. The EHR offers charting, problem... Read More
 
athenahealth EHR logo
 
athenahealth is providing cloud-based services for electronic health records (EHR), revenue cycle management & medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other... Read More
Rating:            (544)
Rating:
        (544)
Price:
Advisor Recommendations:
123
Platforms:
Deployment:
Business Size:
S
M
L
athenahealth is providing cloud-based services for electronic health records (EHR), revenue cycle management & medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other... Read More

Call us for a free FastStart Consultation: (844) 686-5616


 
Compulink logo
 
Compulink is a provider of highly customizable, ONC Certified EHR and practice management software for specialty practices. Designed to adapt to a practice's specific needs, the integrated solution offers functionality to support patient... Read More
Rating:            (126)
Rating:
        (126)
Price:
Advisor Recommendations:
89
Platforms:
Deployment:
Business Size:
S
M
L
Compulink is a provider of highly customizable, ONC Certified EHR and practice management software for specialty practices. Designed to adapt to a practice's specific needs, the integrated solution offers functionality to support patient... Read More
 
A+ DELPHI Psychotherapy Billing Software logo
 
A+ DELPHI32 is an on-premise billing, scheduling, and patient records management system designed specifically for small mental and behavioral health practices. The comprehensive program meets the needs of all types of mental health... Read More
Rating:            (33)
Rating:
        (33)
Price:
Advisor Recommendations:
79
Platforms:
Deployment:
Business Size:
S
M
L
A+ DELPHI32 is an on-premise billing, scheduling, and patient records management system designed specifically for small mental and behavioral health practices. The comprehensive program meets the needs of all types of mental health... Read More
 
Kareo Clinical EHR logo
 
Kareo is a Web-based EHR, medical billing, and practice management used by thousands of physicians across the United States. This system suits small practices and billing companies. With Kareo, practices can schedule patients, confirm... Read More
Rating:            (463)
Rating:
        (463)
Price:
Advisor Recommendations:
73
Platforms:
Deployment:
Business Size:
S
M
L
Kareo is a Web-based EHR, medical billing, and practice management used by thousands of physicians across the United States. This system suits small practices and billing companies. With Kareo, practices can schedule patients, confirm... Read More
 
ECLIPSE logo
 
In 1985, a chiropractor and software developer teamed up to create ECLIPSE, an ONC certified Complete EHR now used by thousands of providers nationwide. Designed for single practitioners, ECLIPSE is routinely used by multi-disciplinary... Read More
Rating:            (149)
Rating:
        (149)
Price:
Advisor Recommendations:
71
Platforms:
Deployment:
Business Size:
S
M
L
In 1985, a chiropractor and software developer teamed up to create ECLIPSE, an ONC certified Complete EHR now used by thousands of providers nationwide. Designed for single practitioners, ECLIPSE is routinely used by multi-disciplinary... Read More
 
PrognoCIS by Bizmatics logo
 
PrognoCIS is a cloud-based ICD-10 compliant and MU certified EMR solution which helps medical facilities and practitioners to manage patient medical recording. The software comprises of integrated modules for EHR, Practice Management,... Read More
Rating:            (262)
Rating:
        (262)
Price:
Advisor Recommendations:
65
Platforms:
Deployment:
Business Size:
S
M
L
PrognoCIS is a cloud-based ICD-10 compliant and MU certified EMR solution which helps medical facilities and practitioners to manage patient medical recording. The software comprises of integrated modules for EHR, Practice Management,... Read More

Call us for a free FastStart Consultation: (844) 686-5616


 
ChartLogic EHR Suite logo
 
ChartLogic offers an ambulatory EHR suite that includes electronic medical record, practice management, revenue cycle management, e-prescribing and patient portal. The solution caters to primary care, surgical care and other complex... Read More
Rating:            (33)
Rating:
        (33)
Price:
Advisor Recommendations:
56
Platforms:
Deployment:
Business Size:
S
M
L
ChartLogic offers an ambulatory EHR suite that includes electronic medical record, practice management, revenue cycle management, e-prescribing and patient portal. The solution caters to primary care, surgical care and other complex... Read More
 
The Valant Behavioral Health EHR logo
 
Valant’s EHR for behavioral health offers tools for providers to streamline documentation, increase efficiency, and enhance the productivity of their practice or agency. The fully integrated suite includes secure patient records,... Read More
Rating:            (105)
Rating:
        (105)
Price:
Advisor Recommendations:
48
Platforms:
Deployment:
Business Size:
S
M
L
Valant’s EHR for behavioral health offers tools for providers to streamline documentation, increase efficiency, and enhance the productivity of their practice or agency. The fully integrated suite includes secure patient records,... Read More
 
ChiroTouch logo
 
A fully certified solution specific to the chiropractic industry, ChiroTouch offers electronic health records (EHR) and practice management applications. With the latest release of version 6.0, ChiroTouch has received complete 2014... Read More
Rating:            (294)
Rating:
        (294)
Price:
Advisor Recommendations:
48
Platforms:
Deployment:
Business Size:
S
M
L
A fully certified solution specific to the chiropractic industry, ChiroTouch offers electronic health records (EHR) and practice management applications. With the latest release of version 6.0, ChiroTouch has received complete 2014... Read More
 
Aprima EHR logo
 
Aprima EHR is part of the complete Aprima system, including Practice Management and Revenue Cycle Management solutions. Aprima EHR’s navigation feature presents clinically relevant findings based on presenting symptoms, diagnosis... Read More
Rating:           (39)
Rating:
        (39)
Price:
Advisor Recommendations:
43
Platforms:
Deployment:
Business Size:
S
M
L
Aprima EHR is part of the complete Aprima system, including Practice Management and Revenue Cycle Management solutions. Aprima EHR’s navigation feature presents clinically relevant findings based on presenting symptoms, diagnosis... Read More
 
CureMD logo
 
CureMD is a certified cloud-based EHR, practice management, patient portal and revenue cycle management. CureMD helps physicians and office staff manage their practice operations. It also helps practices adopt Meaningful Use - driving... Read More
Rating:            (31)
Rating:
        (31)
Price:
Advisor Recommendations:
41
Platforms:
Deployment:
Business Size:
S
M
L
CureMD is a certified cloud-based EHR, practice management, patient portal and revenue cycle management. CureMD helps physicians and office staff manage their practice operations. It also helps practices adopt Meaningful Use - driving... Read More

Call us for a free FastStart Consultation: (844) 686-5616


 
WebPT logo
 
WebPT is a cloud-based electronic medical record (EMR) and practice management solution tailored specifically to rehab therapists. This cloud-based system allows therapists, directors and front-office staff to access medical records... Read More
Rating:            (276)
Rating:
        (276)
Price:
Advisor Recommendations:
40
Platforms:
Deployment:
Business Size:
S
M
L
WebPT is a cloud-based electronic medical record (EMR) and practice management solution tailored specifically to rehab therapists. This cloud-based system allows therapists, directors and front-office staff to access medical records... Read More
 
OmniMD logo
 
OmniMD is an AI-enabled, cloud-based electronic health records (EHR) and practice management solution that assists providers in their clinical decision-making needs. The OmniMD business intelligence solution tracks, manages and monitors... Read More
Rating:            (17)
Rating:
        (17)
Price:
Advisor Recommendations:
34
Platforms:
Deployment:
Business Size:
S
M
L
OmniMD is an AI-enabled, cloud-based electronic health records (EHR) and practice management solution that assists providers in their clinical decision-making needs. The OmniMD business intelligence solution tracks, manages and monitors... Read More
 
Quick Charts Complete logo
 
Quick Charts Complete, by DB Consultants, Inc. is a medical practice software developed for the Chiropractic industry. Chiropractic practices of small to scaling sizes can tailor the solution to accommodate their needs. Core functionalities... Read More
Rating:            (89)
Rating:
       (89)
Price:
Advisor Recommendations:
31
Platforms:
Deployment:
Business Size:
S
M
L
Quick Charts Complete, by DB Consultants, Inc. is a medical practice software developed for the Chiropractic industry. Chiropractic practices of small to scaling sizes can tailor the solution to accommodate their needs. Core functionalities... Read More
 
Practice EHR logo
 
Practice EHR, a medical practice management software, was developed to accommodate the needs of small to mid-size businesses. The platform is customizable to internal medicine practices, chiropractors, physical therapists, family medicine,... Read More
Rating:            (3)
Rating:
       (3)
Price:
Advisor Recommendations:
31
Platforms:
Deployment:
Business Size:
S
M
L
Practice EHR, a medical practice management software, was developed to accommodate the needs of small to mid-size businesses. The platform is customizable to internal medicine practices, chiropractors, physical therapists, family medicine,... Read More
 
WRS Health logo
 
WRS Health is a cloud-based integrated EHR, practice management and billing management solution designed to helps medical professionals streamline the core activities of their practice. The solution offers EHR, medical billing, patient... Read More
Rating:            (97)
Rating:
        (97)
Price:
Advisor Recommendations:
28
Platforms:
Deployment:
Business Size:
S
M
L
WRS Health is a cloud-based integrated EHR, practice management and billing management solution designed to helps medical professionals streamline the core activities of their practice. The solution offers EHR, medical billing, patient... Read More

View More Products
 

Buyer's Guide

by Gaby Loria,
Market Research Associate
Last Updated: November 20, 2017


Health care revenue cycle management is the central foundation of hospitals and all other health care practices. Successful management processes enable medical practices to maintain profitability while dealing with timely claims and payment processes.

These health care systems monitor the entirety of each patient experience, from initial scheduling and registration through the visit and finally to post-visit statuses and final retribution. Medical practices adopt these systems to offload and automate this tedious tracking endeavor. And in doing so, they are able to spend more time focusing on treating patients and providing great experiences.

But not all revenue cycle management (RCM) software is created equally. That's why we've created this guide to give you an idea of what the must-have capabilities are. Use this as a jumping off point for reaching out to vendors and doing some demos. From there, you'll be able to make the best selection for your unique needs.

In this guide, we'll cover:

What Is Revenue Cycle Management Software?

As we explained before, revenue cycle management software is the financial workhorse of medical practices, tracking each billable patient interaction from scheduling through to payment completion.

That sounds easy enough, but there's a ton of tools and capabilities within RCM software. They include the ability to verify insurance eligibility when scheduling appointments, creating claims submissions with the most correct codes and patient payment notice and collection.

Revenue cycle management software operates along all points of the patient/billing journey, including:

Typical Revenue Management Cycle for Medical Practices

Typical Revenue Management Cycle for Medical Practices

Given its operational importance and breadth of functionality, choosing the best RCM software for your unique needs is all the more critical.

Common Features of Revenue Cycle Management Software

Revenue cycle management software provides users with the tools necessary to manage all stages of the medical practice. Key features include:

Scheduling and registration Record the initial outreach and track any scheduled appointments.
Insurance verification/validation Gather patient insurance information and verify its eligibility.
Copay management Validate the copayment amount covered by insurers and adjust the remainder owed accordingly.
Patient visit documentation Manage the proper code output based on the type of visit and the services that took place during the visit.
Claim management Maintain an organized database of current and past claims. Accurately send and file bills and keep claims updated.
ICD-10 compliance Manage the intricacies of ICD-10 cataloging and keep your practice compliant.
Payment processing Securely and reliably accept credit, debit and other electronic forms of payment.
Denial management Organize denials based on critical signifiers such as source of denial and reason for denial.
Accounts receivable Keep track and provide a filterable snapshot of the money still owed to your medical practice.
Patient statements Send detailed statements to patients highlighting what's still owed, what insurance has covered and available payment methods.

What Type of Buyer Are You?

Moving from paper to automated systems. These buyers want to automate their medical processes, cutting back on paper-based organization and unnecessary exposure to human error. These buyers want to improve office efficiency and provide a more consistent patient experience.

Replacing legacy systems. These buyers have gotten everything they can out of their current system, and it's become a hinderance to their operational efficiency. Regardless of whether they have a mixed together system, something built in-house or just old software, they need greater reliability, federal compliance and more transparency into the financial well-being of the practice.

Centralizing capabilities into one RCM system. These buyers come from practices that have pieced together disparate applications to get what they need. This approach might work for a while, but it very likely will begin to impede growth, as it makes it difficult to scale operations. Moving to a single RCM system enables practices to have a clear view of the status of the organization and also drill down to see critical information at the patient level.

Benefits of Adopting Revenue Cycle Management Software

There are different benefits that revenue cycle management software offers based on what you're replacing. However, there are also similar benefits shared by all new RCM adopters. These include:

Increased operational efficiency. Revenue cycle management systems enable health care practices of all types and sizes to define optimized processes for managing each step in the revenue cycle. These processes and newfound automations are certain to increase operational efficiencies for users.

Maintain financial health. Easily track and explore critical financial metrics to gauge the financial health of the organization. Drill down to see specific components of the payment process that might be stalling final retribution.

Ensure federal compliance. Lean on an ICD-10 coding catalog to not only ensure medical codes are compliant but also give time to employees who would otherwise be inundated with coding edits.

Market Trends to Understand in Revenue Cycle Management

Mobile. More and more medical practices are leveraging mobile technologies such as smartphones, tablets and wearable devices to improve operations. We're increasingly seeing medical vendors providing support for patient information access as well as payment processing on mobile.

Cloud-based software. Cloud-based revenue cycle management software gives providers and patients the ability to easily (but still securely) access patient data, billing and payment statuses from any compatible device with internet access. Cloud-based RCM platforms most often operate on a subscription basis, making them more affordable for smaller practices looking to get a new system in place.

Patient portals. Mobile, SaaS and other digitalization in the health care space isn't reserved for providers. Patients now expect communications and access to their medical information through online and mobile portals. If that's something you're interested in, take a look at our guide on patient portal software.

Free Download:
EMR Software Pricing Guide

Free Download:
Medical Billing Software Pricing Guide

 

How it Works

We match organizations with software that meets their needs.

Our service is simple and 100% free to customers like you because software vendors pay us when we connect them with quality leads. You save time and get great advice. Vendors get great referrals. It's a win for everyone!

Call now for advice: (844) 686-5616
Software Advice Advisors
×