Shlomi Lavi /
Feb 25, 2023
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Bottom Line: Which is Better - Essential RCM or PowerMed Billing?
Essential RCM is more expensive to implement (TCO) than PowerMed Billing, and Essential RCM is rated higher (90/100) than PowerMed Billing (85/100).
Looking for the right Medical Billing solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
edgeMED Healthcare Vs. PowerMed
edgeMED Healthcare: edgeMED was established in 1981 with one simple philosophy; Healthcare Above All. Since our inception, edgeMED’s core function has been pioneering the use of technology and expert services that enable healthcare providers to distribute world-class patient safety, clinical outcomes & financial results. From developing one of the nation’s first elect...
PowerMed: Powermed is a privately held company based in Portland, Maine. PowerMed has been in the forefront of the EMR industry since inception, providing Medical Practice Management solutions, expertise and Healthcare IT leadership in the US and Internationally since the early 90's. In 2005 PowerMed released a fully integrated software suite developed from...
Who is more expensive? Essential RCM or PowerMed Billing?
The real total cost of ownership (TCO) of Medical Billing software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Essential RCM and PowerMed Billing.
Essential RCM price starts at $149 per feature/month , On a scale between 1 to 10 Essential RCM is rated 4, which is lower than the average cost of Medical Billing software. PowerMed Billing price starts at $249 per month , When comparing PowerMed Billing to its competitors, the software is rated 2 - much lower than the average Medical Billing software cost.
Bottom line: Essential RCM is more expensive than PowerMed Billing.
Which software includes more/better features?
We've compared Essential RCM Vs. PowerMed Billing based on some of the most important and required Medical Billing features.
Essential RCM: We are still working to collect the list of features for Essential RCM.
PowerMed Billing: We are still working to collect the list of features for PowerMed Billing.
Target customer size
Essential RCM Medical Billing software is primarily designed for healthcare providers of all sizes, including medical practices, hospitals, clinics, and other healthcare organizations. and PowerMed Billing's target customer size include: SMBs.