Quick Overview
- 1#1: Kareo - Cloud-based medical billing and practice management software that automates claims, patient statements, and collections to maximize revenue.
- 2#2: AdvancedMD - Comprehensive revenue cycle management platform with advanced denial management, AR tracking, and patient payment collections.
- 3#3: athenahealth - Integrated EHR and billing solution that streamlines claims processing, eligibility verification, and automated patient collections.
- 4#4: Waystar - Revenue cycle management software focused on claims scrubbing, payments reconciliation, and efficient patient collections.
- 5#5: NextGen Healthcare - Enterprise EHR and practice management system with robust billing, AR aging, and collections workflow automation.
- 6#6: eClinicalWorks - All-in-one EHR and billing platform offering claims management, patient portals, and tools for optimizing collections.
- 7#7: DrChrono - Mobile-optimized EHR and billing software that simplifies superbill creation, claims submission, and patient payments.
- 8#8: CureMD - Integrated medical billing software with features for insurance claims, patient invoicing, and AR collections.
- 9#9: PracticeSuite - Revenue cycle management tool providing end-to-end billing, denial management, and automated collections for practices.
- 10#10: Greenway Health - EHR and practice management software with financial tools for claims processing and patient collection optimization.
We evaluated tools based on critical factors, including functionality (such as automated claims and denial management), ease of use, and overall value in enhancing revenue cycle performance and practice scalability.
Comparison Table
Medical collection software is vital for optimizing revenue cycles, and evaluating options demands an understanding of key attributes. This comparison table examines leading tools like Kareo, AdvancedMD, athenahealth, Waystar, NextGen Healthcare, and more, breaking down features, usability, and support. Readers will discover critical factors to choose software that aligns with their practice's specific needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Kareo Cloud-based medical billing and practice management software that automates claims, patient statements, and collections to maximize revenue. | specialized | 9.7/10 | 9.8/10 | 9.3/10 | 9.5/10 |
| 2 | AdvancedMD Comprehensive revenue cycle management platform with advanced denial management, AR tracking, and patient payment collections. | enterprise | 8.8/10 | 9.2/10 | 8.1/10 | 7.9/10 |
| 3 | athenahealth Integrated EHR and billing solution that streamlines claims processing, eligibility verification, and automated patient collections. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.1/10 |
| 4 | Waystar Revenue cycle management software focused on claims scrubbing, payments reconciliation, and efficient patient collections. | enterprise | 8.6/10 | 9.2/10 | 7.8/10 | 8.1/10 |
| 5 | NextGen Healthcare Enterprise EHR and practice management system with robust billing, AR aging, and collections workflow automation. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 8.0/10 |
| 6 | eClinicalWorks All-in-one EHR and billing platform offering claims management, patient portals, and tools for optimizing collections. | enterprise | 7.4/10 | 8.2/10 | 6.5/10 | 7.0/10 |
| 7 | DrChrono Mobile-optimized EHR and billing software that simplifies superbill creation, claims submission, and patient payments. | specialized | 8.1/10 | 8.5/10 | 7.9/10 | 7.7/10 |
| 8 | CureMD Integrated medical billing software with features for insurance claims, patient invoicing, and AR collections. | specialized | 8.2/10 | 8.5/10 | 7.8/10 | 8.0/10 |
| 9 | PracticeSuite Revenue cycle management tool providing end-to-end billing, denial management, and automated collections for practices. | specialized | 7.6/10 | 8.1/10 | 7.2/10 | 7.4/10 |
| 10 | Greenway Health EHR and practice management software with financial tools for claims processing and patient collection optimization. | enterprise | 7.2/10 | 8.0/10 | 6.5/10 | 7.0/10 |
Cloud-based medical billing and practice management software that automates claims, patient statements, and collections to maximize revenue.
Comprehensive revenue cycle management platform with advanced denial management, AR tracking, and patient payment collections.
Integrated EHR and billing solution that streamlines claims processing, eligibility verification, and automated patient collections.
Revenue cycle management software focused on claims scrubbing, payments reconciliation, and efficient patient collections.
Enterprise EHR and practice management system with robust billing, AR aging, and collections workflow automation.
All-in-one EHR and billing platform offering claims management, patient portals, and tools for optimizing collections.
Mobile-optimized EHR and billing software that simplifies superbill creation, claims submission, and patient payments.
Integrated medical billing software with features for insurance claims, patient invoicing, and AR collections.
Revenue cycle management tool providing end-to-end billing, denial management, and automated collections for practices.
EHR and practice management software with financial tools for claims processing and patient collection optimization.
Kareo
specializedCloud-based medical billing and practice management software that automates claims, patient statements, and collections to maximize revenue.
AI-powered claims intelligence that achieves industry-leading 99.5% first-pass acceptance rates and proactive denial prevention
Kareo is a cloud-based revenue cycle management (RCM) platform tailored for independent medical practices, specializing in medical billing, collections, claims processing, and denial management. It automates eligibility verification, claims scrubbing for up to 99% clean claims rates, patient payment collection via a branded portal, and A/R analytics to accelerate cash flow. Integrated with EHR and practice management, it provides end-to-end financial tools to minimize denials and maximize reimbursements.
Pros
- Exceptional claims scrubbing and denial prevention with 99%+ clean claims rate
- Seamless patient payment portal and auto-remittance posting
- Advanced analytics for A/R management and performance insights
Cons
- Pricing can be steep for very small practices
- Initial setup and data migration may require support
- Limited advanced customization for complex enterprise needs
Best For
Independent practices and small to mid-sized medical groups seeking a comprehensive, high-performance medical collections solution.
Pricing
Custom subscription pricing starts at ~$300/provider/month for billing-only, scaling to $500+ for full RCM/EHR bundles; volume discounts and performance-based options available.
AdvancedMD
enterpriseComprehensive revenue cycle management platform with advanced denial management, AR tracking, and patient payment collections.
AI-powered denial prediction and automated workflows that proactively prevent claim rejections
AdvancedMD is a cloud-based, all-in-one practice management platform with robust medical collections capabilities, automating revenue cycle management from claims submission to patient payments and AR recovery. It features denial management, eligibility verification, and detailed analytics to optimize cash flow and reduce outstanding balances for healthcare providers. As a top-tier solution, it integrates seamlessly with EHR and scheduling for efficient end-to-end billing processes.
Pros
- Comprehensive RCM automation including denial scrubbing and AR tracking
- Real-time eligibility checks and electronic remittance posting
- Integrated patient payment portal with flexible collection tools
Cons
- High pricing requires custom quotes and can be costly for small practices
- Steep learning curve during initial implementation
- Customer support response times can vary
Best For
Mid-sized to large medical practices needing integrated billing, collections, and EHR for streamlined revenue management.
Pricing
Subscription-based; starts at ~$400/provider/month for core modules, scales with users and features—custom quotes required.
athenahealth
enterpriseIntegrated EHR and billing solution that streamlines claims processing, eligibility verification, and automated patient collections.
AI-powered predictive denial management that proactively identifies and resolves claim issues before submission
athenahealth is a cloud-based electronic health record (EHR) and revenue cycle management (RCM) platform that excels in medical collections through its athenaCollector module. It automates claims submission, eligibility verification, payment posting, denial management, and patient payment collections to optimize revenue for healthcare providers. The integrated suite ensures seamless data flow from clinical documentation to billing, reducing errors and accelerating cash flow.
Pros
- Robust automation for claims scrubbing, denial prevention, and AR management
- Seamless integration with EHR for accurate coding and billing
- Advanced analytics and reporting for revenue cycle insights
Cons
- High implementation costs and subscription fees
- Steep learning curve for non-technical users
- Limited customization options without add-ons
Best For
Mid-to-large medical practices seeking an all-in-one EHR and collections solution with strong scalability.
Pricing
Custom enterprise pricing starting at ~$300-$500 per provider/month for full RCM suite; requires quote.
Waystar
enterpriseRevenue cycle management software focused on claims scrubbing, payments reconciliation, and efficient patient collections.
RevView analytics dashboard with predictive insights for proactive denial management and cash flow forecasting
Waystar is a leading revenue cycle management (RCM) platform tailored for healthcare providers, focusing on medical collections through automated claims processing, patient payments, and denial management. It offers advanced analytics, payer connectivity, and payment optimization tools to accelerate reimbursements and reduce revenue leakage. The software integrates with major EHR and practice management systems, enabling end-to-end visibility into the financial lifecycle of patient encounters.
Pros
- Extensive payer network with over 1,000 connections for reliable claims submission
- AI-driven denial prevention and analytics for revenue optimization
- Scalable solutions with strong integration capabilities for large enterprises
Cons
- Steep learning curve and complex implementation for smaller practices
- Custom pricing can be expensive without transparent tiers
- Limited customization options for niche workflows
Best For
Mid-to-large hospitals, health systems, and multi-specialty groups seeking enterprise-level RCM automation.
Pricing
Custom enterprise pricing based on volume and modules; typically starts at $50,000+ annually with implementation fees.
NextGen Healthcare
enterpriseEnterprise EHR and practice management system with robust billing, AR aging, and collections workflow automation.
AI-powered predictive analytics for denial prevention and targeted collections strategies
NextGen Healthcare provides a comprehensive revenue cycle management (RCM) platform as part of its EHR and practice management suite, specializing in medical collections through automated claims processing, denial management, and accounts receivable tracking. The software streamlines billing workflows, supports electronic remittance advice (ERA) posting, and offers patient payment portals for efficient collections. Integrated analytics help identify collection bottlenecks, making it suitable for optimizing financial performance in healthcare settings.
Pros
- Robust RCM tools including automated denial management and AR aging reports
- Seamless integration with NextGen EHR for end-to-end billing
- Advanced patient engagement features like self-service payment plans
Cons
- Steep learning curve due to complex interface
- High implementation costs and customization time
- Limited flexibility for small practices without full EHR adoption
Best For
Mid-sized to large medical practices seeking integrated EHR and advanced collections capabilities.
Pricing
Custom subscription pricing starting at $400-$700 per provider/month, plus setup fees; enterprise quotes required.
eClinicalWorks
enterpriseAll-in-one EHR and billing platform offering claims management, patient portals, and tools for optimizing collections.
Predictive denial management with AI-driven analytics to proactively identify and resolve billing issues before they impact collections
eClinicalWorks is a comprehensive EHR and practice management platform with integrated revenue cycle management tools tailored for medical collections, including claims processing, patient billing, denial management, and payment collection. It streamlines accounts receivable through automated workflows, patient portals for self-pay options, and analytics for financial performance. The solution supports ambulatory practices by combining clinical and financial functionalities into a single system.
Pros
- Seamless integration of billing and collections with EHR for end-to-end revenue cycle management
- Robust claims scrubbing and denial management to reduce AR days
- Patient payment portal (healow) enabling easy online collections and statements
Cons
- Steep learning curve and clunky interface requiring extensive training
- Frequent reports of software bugs and slow performance
- Customer support often criticized for responsiveness and resolution times
Best For
Mid-sized ambulatory practices needing an integrated EHR and collections solution with strong claims processing capabilities.
Pricing
Subscription-based starting at ~$450 per provider/month for EHR+PM, plus implementation fees (~$2,000-$5,000) and add-ons for advanced RCM.
DrChrono
specializedMobile-optimized EHR and billing software that simplifies superbill creation, claims submission, and patient payments.
Native iOS and Android apps enabling real-time access to collections dashboards and patient payment processing from any device
DrChrono is a cloud-based electronic health record (EHR) and practice management platform with integrated medical billing and collections capabilities tailored for ambulatory care practices. It automates revenue cycle management, including claims submission, denial management, patient statements, and online payments to streamline collections. The software supports eligibility verification, ERA posting, and AR aging reports, helping practices accelerate reimbursements and reduce outstanding balances.
Pros
- Seamless integration of EHR, billing, and patient payments for efficient collections
- Automated claims scrubbing and denial management to minimize revenue loss
- Mobile app support for on-the-go payment tracking and patient engagement
Cons
- Pricing can be opaque and higher for smaller practices
- Occasional learning curve for advanced billing workflows
- Customer support response times vary, especially for non-enterprise users
Best For
Small to mid-sized medical practices seeking an all-in-one EHR with strong integrated billing and collections tools.
Pricing
Custom quotes starting at $199 per provider/month for core plans, scaling up to $439+ for advanced features; additional fees for implementation and add-ons.
CureMD
specializedIntegrated medical billing software with features for insurance claims, patient invoicing, and AR collections.
AI-powered denial prediction and auto-appeal generation for faster reimbursement recovery
CureMD is a cloud-based healthcare platform offering integrated electronic health records (EHR), practice management, and medical billing solutions with robust collections capabilities. It streamlines revenue cycle management through automated claims submission, denial tracking, AR aging reports, and patient payment portals. Designed for medical practices, it emphasizes compliance with HIPAA and supports efficient collections to reduce outstanding balances.
Pros
- Seamless integration with EHR for end-to-end revenue cycle management
- Advanced denial management and automated workflows to accelerate collections
- Comprehensive reporting and analytics for AR tracking and performance insights
Cons
- Pricing can be steep for very small practices
- Steep learning curve for non-tech-savvy users
- Limited flexibility in custom reporting compared to specialized billing tools
Best For
Mid-sized medical practices seeking an all-in-one EHR and collections platform with strong automation.
Pricing
Custom subscription pricing starting at around $295 per provider per month, with tiers based on users and modules.
PracticeSuite
specializedRevenue cycle management tool providing end-to-end billing, denial management, and automated collections for practices.
AI-powered Denial Analyzer that predicts and prevents claim denials before submission
PracticeSuite is a cloud-based revenue cycle management (RCM) platform designed for medical practices, focusing on automating billing, claims submission, denial management, and patient collections. It integrates with EHR and practice management systems to streamline accounts receivable (AR) workflows, payment posting, and insurance follow-ups. The software provides tools for tracking outstanding balances, generating patient statements, and optimizing cash flow through detailed reporting and analytics.
Pros
- Comprehensive denial management and auto-scrubbing for claims
- Integrated patient payment portal with online billing
- Robust AR aging reports and customizable analytics
Cons
- Dated user interface with a learning curve
- Customer support response times can be slow
- Pricing scales quickly for multi-provider practices
Best For
Mid-sized medical practices seeking an all-in-one RCM solution for efficient collections and billing automation.
Pricing
Custom subscription pricing starting at around $299 per provider per month, plus setup fees and per-claim costs.
Greenway Health
enterpriseEHR and practice management software with financial tools for claims processing and patient collection optimization.
Integrated denial prevention engine with predictive analytics to reduce claim rejections proactively
Greenway Health offers integrated revenue cycle management (RCM) solutions as part of its Prime Suite and Intergy platforms, focusing on medical billing, claims processing, denial management, and patient collections for healthcare providers. It automates eligibility verification, AR tracking, and payment posting to streamline collections in ambulatory and specialty practices. The software emphasizes compliance with healthcare regulations like HIPAA and supports electronic remittance advice (ERA) for efficient reimbursements.
Pros
- Seamless integration with Greenway's EHR for unified patient data and billing workflows
- Robust denial management tools with analytics for faster resolution
- Customizable reporting and AR dashboards for detailed collection insights
Cons
- Steep learning curve due to complex interface
- Customer support response times can be inconsistent
- Pricing lacks transparency and can be high for smaller practices
Best For
Mid-sized ambulatory and specialty medical practices needing integrated EHR and RCM for efficient collections.
Pricing
Custom enterprise pricing, typically $300-$600 per provider per month including RCM modules; implementation fees apply.
Conclusion
Evaluating top medical collection software reveals standout tools like Kareo, AdvancedMD, and athenahealth, each excelling in streamlining revenue cycles. Kareo leads with robust automation of claims, patient statements, and collections, making it the top choice for practices aiming to maximize revenue. AdvancedMD and athenahealth offer strong alternatives—AdvancedMD with advanced denial management and AR tracking, and athenahealth with integrated EHR and billing. Together, these tools address diverse practice needs, ensuring efficient revenue operations.
Take the first step toward optimizing your practice’s revenue flow—try Kareo today to leverage its proven automation and patient-focused features.
Tools Reviewed
All tools were independently evaluated for this comparison