Essential RCM Vs Therabill (Jul 2020)

Essential RCM Vs. Therabill: Which is better?

Shlomi Lavi / Jul 21, 2020

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Looking for the right Medical Billing solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. in this article we compare between the 2 software products:

Vendor comparison

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 electronic billing systems to providing the most technologically advanced software and IT solutions available today, edgeMED is dedicated to improving the health of the entire healthcare community.

Therabill: Our mission is simple: To maintain a simple and affordable therapy practice management solution. "When I first signed up, I was unsure of whether Therabill would meet my needs. The price was much lower than any other software I had looked at. After using Therabill, I have found that Therabill has all of the features that I need. I am quite impressed." Therabill was born of necessity. Back in 2005, Cynthia Dundas MS CCC/SLP was searching for software to help her do her insurance billing. She was tired of spending several hours a night filling out CMS-1500 HCFA forms. With the help of her husband, she went on a search for insurance billing software. All they could find was overly complicated and over-priced software. Luckily, Cynthia's husband had a very strong IT background. After much discussion, the wife and husband team decided to build their own insurance billing software.

Pricing/cost comparison

The real cost of Medical Billing software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for Essential RCM TCO and Therabill total cost to help with the total cost of ownership calculation.

Essential RCM price Starting from $149 per user/month , on a scale between 1 to 10 Essential RCM is rated 4, which is lower than the average cost of Medical Billing software. Therabill price Starting from $149 per provider , when comparing Therabill to their competitors, the software is rated 2 - much lower than the average Medical Billing software cost.

Bottom line: Essential RCM is more expensive than Therabill.

Features and functionality

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Essential RCM Vs. Therabill based on some of the most important and required Medical Billing features.
Essential RCM: We are still working to collect the list of features of Essential RCM. .
Therabill list of features include the following: Billing & Invoicing, Appointment Management, HIPAA Compliant, .

Target customer size

Essential RCM's typical customers include: Medium business, Large business, Therabill is suitable for solo therapists and group practices and also supports managing multiple offices.