Quick Overview
- 1#1: QuickBooks Online - Cloud-based accounting software with healthcare-specific features for invoicing, payroll, expense tracking, and financial reporting in medical offices.
- 2#2: Xero - Cloud accounting platform offering bank reconciliation, invoicing, and integrations with medical billing systems for streamlined practice finances.
- 3#3: Kareo - Medical billing and practice management software with built-in revenue cycle management and accounting tools for claims processing and payments.
- 4#4: AdvancedMD - Integrated EHR and practice management solution featuring robust billing, collections, and financial reporting for medical practices.
- 5#5: athenahealth - Cloud-based EHR and revenue cycle management platform with advanced financial tools for claims, denials, and practice accounting.
- 6#6: DrChrono - Mobile-first EHR and practice management system with integrated billing, payments, and accounting features for efficient medical office operations.
- 7#7: eClinicalWorks - Comprehensive EHR platform with practice management, billing, and financial analytics tailored for medical office revenue management.
- 8#8: NextGen Healthcare - Enterprise practice management software providing financial reporting, revenue cycle management, and accounting for healthcare providers.
- 9#9: Practice Fusion - Free cloud-based EHR with integrated billing services and basic accounting tools for small medical practices.
- 10#10: Greenway Health - EHR and practice management system with financial dashboards, billing, and reporting capabilities for medical office accounting.
We ranked these tools based on industry-specific functionality, usability, reliability, and value, ensuring they deliver robust support for medical practice finances across scales and workflows
Comparison Table
This comparison table assesses popular medical office accounting software tools, such as QuickBooks Online, Xero, Kareo, AdvancedMD, and athenahealth, along with others. It details key features, pricing structures, and usability to guide readers in selecting the software that best aligns with their practice's specific accounting and workflow needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | QuickBooks Online Cloud-based accounting software with healthcare-specific features for invoicing, payroll, expense tracking, and financial reporting in medical offices. | enterprise | 9.2/10 | 9.4/10 | 8.7/10 | 9.1/10 |
| 2 | Xero Cloud accounting platform offering bank reconciliation, invoicing, and integrations with medical billing systems for streamlined practice finances. | enterprise | 8.2/10 | 7.8/10 | 9.3/10 | 8.5/10 |
| 3 | Kareo Medical billing and practice management software with built-in revenue cycle management and accounting tools for claims processing and payments. | specialized | 8.7/10 | 9.2/10 | 8.4/10 | 8.1/10 |
| 4 | AdvancedMD Integrated EHR and practice management solution featuring robust billing, collections, and financial reporting for medical practices. | specialized | 8.2/10 | 9.0/10 | 7.4/10 | 7.6/10 |
| 5 | athenahealth Cloud-based EHR and revenue cycle management platform with advanced financial tools for claims, denials, and practice accounting. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 6 | DrChrono Mobile-first EHR and practice management system with integrated billing, payments, and accounting features for efficient medical office operations. | specialized | 7.6/10 | 8.2/10 | 7.9/10 | 7.1/10 |
| 7 | eClinicalWorks Comprehensive EHR platform with practice management, billing, and financial analytics tailored for medical office revenue management. | enterprise | 7.4/10 | 8.2/10 | 6.3/10 | 7.1/10 |
| 8 | NextGen Healthcare Enterprise practice management software providing financial reporting, revenue cycle management, and accounting for healthcare providers. | enterprise | 7.8/10 | 8.5/10 | 6.5/10 | 7.2/10 |
| 9 | Practice Fusion Free cloud-based EHR with integrated billing services and basic accounting tools for small medical practices. | specialized | 6.1/10 | 5.4/10 | 7.8/10 | 9.3/10 |
| 10 | Greenway Health EHR and practice management system with financial dashboards, billing, and reporting capabilities for medical office accounting. | specialized | 7.4/10 | 8.1/10 | 6.7/10 | 7.0/10 |
Cloud-based accounting software with healthcare-specific features for invoicing, payroll, expense tracking, and financial reporting in medical offices.
Cloud accounting platform offering bank reconciliation, invoicing, and integrations with medical billing systems for streamlined practice finances.
Medical billing and practice management software with built-in revenue cycle management and accounting tools for claims processing and payments.
Integrated EHR and practice management solution featuring robust billing, collections, and financial reporting for medical practices.
Cloud-based EHR and revenue cycle management platform with advanced financial tools for claims, denials, and practice accounting.
Mobile-first EHR and practice management system with integrated billing, payments, and accounting features for efficient medical office operations.
Comprehensive EHR platform with practice management, billing, and financial analytics tailored for medical office revenue management.
Enterprise practice management software providing financial reporting, revenue cycle management, and accounting for healthcare providers.
Free cloud-based EHR with integrated billing services and basic accounting tools for small medical practices.
EHR and practice management system with financial dashboards, billing, and reporting capabilities for medical office accounting.
QuickBooks Online
enterpriseCloud-based accounting software with healthcare-specific features for invoicing, payroll, expense tracking, and financial reporting in medical offices.
App Store with 700+ integrations, including key medical billing tools, enabling seamless connectivity between clinical and financial data.
QuickBooks Online is a leading cloud-based accounting software that provides comprehensive financial management for medical offices, including invoicing, expense tracking, payroll, and customizable reporting. It supports patient billing through customizable invoices and integrates seamlessly with popular EHR and practice management systems like Kareo, AdvancedMD, and Practice Fusion via its extensive App Store. While not natively specialized for medical coding or claims, its robust automation and scalability make it ideal for handling the accounting side of healthcare practices efficiently.
Pros
- Extensive integrations with medical billing and EHR software for streamlined workflows
- Real-time reporting and dashboards tailored for healthcare financial insights
- Automated bank reconciliation and expense categorization to reduce administrative burden
Cons
- Lacks built-in medical coding (ICD-10, CPT) and insurance claims processing
- Not fully HIPAA-compliant for handling protected health information directly
- Advanced features and payroll add-ons increase costs significantly
Best For
Small to mid-sized medical practices needing scalable general accounting with strong integrations to specialized healthcare systems.
Pricing
Starts at $30/month (Simple Start) up to $200/month (Advanced), plus payroll from $45/month + $6/employee; billed annually for discounts.
Xero
enterpriseCloud accounting platform offering bank reconciliation, invoicing, and integrations with medical billing systems for streamlined practice finances.
Automatic bank feeds and AI-powered reconciliation for quick, accurate financial matching
Xero is a cloud-based accounting software designed for small businesses, including medical offices, offering invoicing, expense tracking, bank reconciliation, and payroll management. It provides real-time financial insights through customizable dashboards and integrates with over 1,000 third-party apps for extended functionality. While versatile for general accounting needs in medical practices, it lacks native healthcare-specific tools like HIPAA-compliant patient billing or insurance claims processing.
Pros
- Intuitive, user-friendly interface with mobile app support
- Unlimited users and strong bank feed automation
- Extensive app marketplace for integrations with practice management tools
Cons
- Not HIPAA compliant, posing risks for patient data handling
- No built-in medical billing, coding, or insurance claims features
- Advanced reporting requires add-ons or custom setups
Best For
Small medical offices handling general bookkeeping and invoicing without complex insurance reimbursement needs.
Pricing
Starts at $20/month (Early plan) scaling to $70+/month (Established/Ultimate) based on invoices, bills, and payroll; annual discounts available.
Kareo
specializedMedical billing and practice management software with built-in revenue cycle management and accounting tools for claims processing and payments.
Kareo Intelligence AI-driven dashboard for predictive revenue insights and performance benchmarking
Kareo is a cloud-based medical billing and revenue cycle management platform tailored for independent practices, automating claims processing, payment posting, and accounts receivable management. It integrates accounting tools like financial dashboards, denial tracking, and patient payment portals to streamline cash flow and reporting. Designed for medical offices, it reduces administrative burdens while ensuring compliance with healthcare regulations such as HIPAA.
Pros
- Robust automation for claims scrubbing and submission with high first-pass acceptance rates
- Comprehensive AR management and denial resolution tools
- Real-time financial analytics and customizable reporting
Cons
- Pricing can escalate quickly with add-ons and scaling
- Customer support response times vary for smaller practices
- Steeper learning curve for advanced accounting customizations
Best For
Small to mid-sized independent medical practices focused on optimizing billing efficiency and revenue recovery.
Pricing
Starts at $135/provider/month for core billing, up to $500+/provider/month for full suite including EHR; revenue-share options available.
AdvancedMD
specializedIntegrated EHR and practice management solution featuring robust billing, collections, and financial reporting for medical practices.
AI-powered denial management that proactively identifies and resolves claim issues to maximize reimbursements
AdvancedMD is a cloud-based practice management and EHR platform with robust accounting features tailored for medical offices, including automated billing, claims processing, revenue cycle management, and financial reporting. It streamlines patient invoicing, payment posting, AR tracking, and compliance with healthcare regulations like HIPAA. The software integrates seamlessly with electronic health records to provide a unified view of financial and clinical data for efficient practice operations.
Pros
- Comprehensive revenue cycle management with claims scrubbing and denial prevention
- Detailed financial reporting and analytics for healthcare-specific metrics
- Seamless integration with EHR and scheduling for end-to-end workflows
Cons
- High pricing that may strain smaller practices
- Steep learning curve and lengthy implementation process
- Custom support often requires additional fees
Best For
Mid-sized medical practices needing integrated EHR, billing, and accounting with strong compliance tools.
Pricing
Custom quotes starting at $400-$700 per provider per month, plus setup fees and add-ons for advanced features.
athenahealth
enterpriseCloud-based EHR and revenue cycle management platform with advanced financial tools for claims, denials, and practice accounting.
AI-powered Revenue Cycle Intelligence that provides payer-specific performance analytics and predictive denial management
athenahealth is a comprehensive cloud-based platform providing integrated electronic health records (EHR), practice management, and revenue cycle management (RCM) solutions tailored for medical practices. For medical office accounting, it excels in automating billing, claims processing, payment posting, denial management, and financial reporting while ensuring HIPAA compliance. The software leverages AI-driven insights to optimize revenue capture and streamline cash flow for healthcare providers.
Pros
- Robust revenue cycle management with automated claims scrubbing and denial prevention
- Real-time financial analytics and customizable reporting dashboards
- Seamless integration with EHR and payer systems for efficient workflows
Cons
- High implementation costs and ongoing subscription fees
- Steep learning curve for non-technical users
- Limited flexibility for highly customized accounting needs
Best For
Medium to large medical practices needing an integrated EHR and accounting solution with strong revenue optimization tools.
Pricing
Custom quote-based pricing, typically $300–$500 per provider per month including EHR, PM, and RCM modules; additional fees for implementation and add-ons.
DrChrono
specializedMobile-first EHR and practice management system with integrated billing, payments, and accounting features for efficient medical office operations.
AI-powered claim scrubbing and denial prediction to optimize reimbursements
DrChrono is a cloud-based EHR and practice management platform with integrated billing and accounting tools designed for medical offices. It handles insurance claims submission, payment posting, revenue cycle management, and financial reporting to streamline medical office finances. While not a standalone accounting solution, its features support AR aging, denial management, and patient invoicing effectively within a unified system.
Pros
- Seamless integration of billing with EHR for efficient claims processing
- Robust revenue cycle tools including denial management and AR tracking
- Customizable financial reports and analytics for medical practices
Cons
- Higher pricing may not suit very small practices
- Limited general ledger and accounts payable features compared to dedicated accounting software
- Occasional customer support delays reported by users
Best For
Mid-sized medical practices seeking an all-in-one EHR platform with strong integrated billing and accounting capabilities.
Pricing
Starts at $199 per provider/month (Basic plan); higher tiers up to $439+/month with add-ons for claims processing and advanced features.
eClinicalWorks
enterpriseComprehensive EHR platform with practice management, billing, and financial analytics tailored for medical office revenue management.
Intelligent claims scrubbing and auto-posting that leverages EHR data to minimize denials and accelerate reimbursements
eClinicalWorks is a comprehensive EHR and practice management platform that includes robust accounting features tailored for medical offices, such as automated billing, claims processing, revenue cycle management, and financial reporting. It streamlines medical office accounting by integrating patient data from electronic health records directly into invoicing and payment workflows, reducing errors and improving cash flow. While not a standalone accounting tool, its accounting modules support AR management, denial tracking, and compliance with healthcare regulations like HIPAA.
Pros
- Strong integration of EHR data with billing for accurate claims submission
- Advanced revenue cycle management tools including denial management and analytics
- Customizable financial reports and dashboards for practice profitability insights
Cons
- Steep learning curve and outdated interface for accounting tasks
- Frequent complaints about poor customer support and system glitches
- High implementation costs and customization limitations for smaller practices
Best For
Medium to large medical practices needing integrated EHR and accounting functionality rather than standalone bookkeeping software.
Pricing
Custom quotes typically range from $450-$1,200 per provider per month, plus setup fees and add-ons for advanced RCM features.
NextGen Healthcare
enterpriseEnterprise practice management software providing financial reporting, revenue cycle management, and accounting for healthcare providers.
AI-driven predictive analytics for revenue forecasting and denial prevention
NextGen Healthcare is a comprehensive electronic health records (EHR) and practice management platform with robust revenue cycle management (RCM) tools designed for medical offices. It handles billing, claims submission, payment posting, accounts receivable management, and financial reporting to optimize cash flow and reduce denials. While not a standalone accounting solution, its integrated financial modules provide end-to-end accounting capabilities tailored to healthcare practices.
Pros
- Powerful revenue cycle management with automated claims scrubbing and denial management
- Advanced financial analytics and reporting for detailed practice performance insights
- Seamless integration with EHR for streamlined workflows from patient visit to payment
Cons
- Steep learning curve and complex interface requiring extensive training
- High implementation costs and ongoing fees that may overwhelm smaller practices
- Limited flexibility for basic accounting needs without full EHR adoption
Best For
Mid-sized to large medical practices needing integrated EHR and advanced RCM for efficient financial operations.
Pricing
Custom quote-based pricing, typically $300-$600+ per provider/month plus implementation fees starting at $10,000+.
Practice Fusion
specializedFree cloud-based EHR with integrated billing services and basic accounting tools for small medical practices.
100% free EHR with built-in basic billing and claims tools, eliminating upfront software costs
Practice Fusion is a cloud-based electronic health records (EHR) platform with integrated basic billing and accounting tools designed for medical offices. It supports charge capture, superbill generation, and claims submission through third-party clearinghouses, but lacks comprehensive financial accounting like general ledger management or payroll processing. Primarily focused on clinical workflows, it provides an entry-level financial module for small practices seeking affordability over depth.
Pros
- Free core platform including basic billing
- Seamless integration with EHR for charge capture
- Cloud-based with mobile accessibility
Cons
- Limited advanced accounting and reporting tools
- Basic billing lacks automation and AR management
- Relies heavily on third-party integrations for claims
Best For
Small solo or group medical practices needing a free, integrated EHR with rudimentary billing on a tight budget.
Pricing
Free for core EHR and basic billing features; optional paid add-ons for premium support, faxing, or advanced services starting at $149/month.
Greenway Health
specializedEHR and practice management system with financial dashboards, billing, and reporting capabilities for medical office accounting.
AI-driven revenue intelligence for predictive analytics on claims and reimbursements
Greenway Health offers integrated electronic health record (EHR) and practice management software with strong accounting capabilities tailored for medical offices, including revenue cycle management, billing, claims processing, and financial reporting. It streamlines accounts receivable, patient payments, and denial management within a unified platform, ensuring HIPAA compliance and interoperability with other healthcare systems. Ideal for specialty practices, it combines clinical and financial workflows to optimize cash flow and operational efficiency.
Pros
- Robust revenue cycle management with automated billing and denial resolution
- Seamless EHR integration for accurate charge capture and financial reporting
- Strong compliance tools including HIPAA and MIPS support
Cons
- Steep learning curve due to complex interface
- Custom pricing can be expensive for smaller practices
- Mixed customer support experiences reported
Best For
Mid-sized specialty medical practices needing integrated clinical and accounting workflows.
Pricing
Custom subscription pricing, typically $400–$900 per provider per month depending on modules and practice size.
Conclusion
The review of top medical office accounting tools highlights a strong field, with QuickBooks Online leading as the top choice, boasting robust healthcare-specific features for invoicing, payroll, and reporting. Xero follows closely, excelling in integrated billing and practice management systems, while Kareo impresses with its focused revenue cycle management tools, each offering distinct advantages to suit varied practice needs. In the end, the best option often aligns with specific requirements, but QuickBooks Online stands out as a reliable, scalable leader for medical office accounting.
Don’t miss out on streamlining your practice’s finances—try QuickBooks Online today to leverage its intuitive design, healthcare-tailored tools, and seamless operations, designed to keep your medical office running smoothly.
Tools Reviewed
All tools were independently evaluated for this comparison
