For medical practices, the practice management software is their lifeline. It helps them register patients, manage appointments, contract with payers, submit claims, and obtain reimbursements for the services they provide.

Here are the top 8 Practice Management Software to look out for:

Practice management software can be split into three main types: desktop-only, client-server-based, or internet-based.

Desktop-only software: This software only works on one computer and can’t be used by multiple people at once.
Client-server software: With this type, the practice hosts the software on a rented server, and several people can use the server at once.
Internet-based software: This is a new kind of practice management software that allows for many integrations. In recent years, these cloud-based platforms have become popular because they can be accessed anytime, anywhere, and make it easier to manage clinical and financial tasks.
Moreover, some software providers are creating software with high-end features to boost billing, clinical documentation, and payments, particularly for specific medical specialties.

AdvancedMD

AdvancedMD is a complete software solution for hospitals, medical practices, and billing companies. It includes practice management, electronic health records (EHR), medical billing software, tools for engaging with patients, analytics, and top-notch data security. It simplifies managing a medical practice by integrating claim management, clearinghouse functions, and patient payments. Plus, it offers specific systems for mental health, physical health, and tribal health.

Athena Health

Athena One by Athena Health is a cloud-based software suite that includes an electronic medical record (EMR) system, practice management, and medical billing software. What sets Athena apart is its consultative approach to managing a practice and its reporting tools. Besides, it also offers features like patient charting, e-prescribing, telehealth, and scheduling. With Athena, you can filter and compare your key performance indicators (KPIs) with similar-sized practices in their extensive network.

Kareo

Kareo is an online practice management and medical billing software preferred by new practices. It links patient engagement, care delivery, and payments, making the process easy. Kareo also helps decrease patient no-shows with its scheduling and appointment reminder features. It simplifies insurance billing by instantly checking a patient’s eligibility and offers advanced claim processing and billing analytics across various specialties.

DrChrono

DrChrono is a unique EHR with integrated practice management software. It smoothly combines appointment scheduling, benefits verification, reminders, payments, and revenue cycle management. Since it’s cloud-based, you can access DrChrono from anywhere using an iPad, iPhone, or computer. Moreover, DrChrono can submit lab orders to nearly 40,000 labs across the US, with reports uploaded directly into the EHR.

WebPT

WebPT is a cloud-based platform designed to meet all the needs of therapists. It’s widely used in physical, occupational, and speech therapy clinics. With WebPT, you can include features like patient scheduling, automatic appointment reminders, telehealth capabilities, digital patient intake, file storage, outcomes tracking, and home exercise programs.

Practice Fusion

Practice Fusion is a customizable cloud-based EMR suitable for any size of practice and a range of specialties. It helps streamline the tasks of both the provider and staff with features for task management, scheduling, and effectively organizing patient data.

Prime Suite

Greenway Health’s Prime Suite is a comprehensive EHR and practice management system, offering on-premise or hosted services. It caters to primary and specialist care with specific templates, supports quality care initiatives, and helps with ICD-10 coding. Its features streamline appointment scheduling and eligibility checks, reducing rejections and denials.

NextGen Office

Formerly known as Meditouch, NextGen Office is a cloud-based EHR designed for private practices. It includes e-prescribing, connections to major labs, consolidated patient data, billing, and reporting. It allows real-time eligibility verification and easy appointment scheduling. NextGen’s reporting functionality helps reduce rejections and denials.

Conclusion

Although there are hundreds of practice management software options available, the majority of the market is dominated by the top 20 providers. Picking the right software for your practice is crucial but only the first step. You also need to look for advanced features that improve patient experience, denial analytics, patient pay estimation, and more.

Despite having a solid revenue cycle management (RCM) platform, handling routine tasks can be costly and time-consuming if you don’t have the right team. To create an efficient, leak-free financial structure, consider outsourcing your RCM needs to experts like Medical Billing Wholesalers. Their team of billers, coders, and credentialing analysts are equipped with the latest technology and automation to provide top-tier results for hospitals and practices of all sizes.