Compare Therabill and CollaborateMD - Feb 2023

Shlomi LaviShlomi Lavi / Feb 23, 2023

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Bottom Line: Which is Better - Therabill or CollaborateMD?

CollaborateMD is more expensive to implement (TCO) than Therabill, and Therabill is rated higher (94/100) than CollaborateMD (82/100). CollaborateMD offers users more features (7) than Therabill (3).

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:

Therabill Vs. CollaborateMD

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 im...

CollaborateMD : CollaborateMD was founded in 1999 to help medical practices and medical billing services thrive in the jungle of ever changing government and insurance payer regulations without having to spend a fortune on software, support, and hardware. Our mission was simple one: provide a software solution where we handle all of the hardware and software compo...

Who is more expensive? Therabill or CollaborateMD?

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 Therabill and CollaborateMD.

Therabill price starts at $149 per provider/month + $199 setup fee , On a scale between 1 to 10 Therabill is rated 2, which is much lower than the average cost of Medical Billing software. CollaborateMD price starts at $194 per month , When comparing CollaborateMD to its competitors, the software is rated 4 - lower than the average Medical Billing software cost.

Bottom line: CollaborateMD is more expensive than Therabill.

Which software includes more/better features?

We've compared Therabill Vs. CollaborateMD based on some of the most important and required Medical Billing features.

Therabill: Billing & Invoicing, Appointment Management, HIPAA Compliant.

CollaborateMD: Billing & Invoicing, Inventory Management, Appointment Management, E-Prescribing, HIPAA Compliant.

Target customer size

Therabill Medical Billing software is specifically designed for mental and behavioral health providers, including psychologists, social workers, counselors, therapists, and other allied health professionals. Customers of the software include medical businesses and practices of all sizes.

Therabill

ITQlick rating
(4.4/5)

starts at $149 per provider/month + $199 setup fee

Therabill is a cloud-based medical software for small to large mental health and speech therapy institutions. Its key features include Home health management, Physician management, Automated scheduling, Documen...

Categories: Billing & Invoicing, Medical, CCHIT Certified EMR / EHR, Cloud Based EMR.

CollaborateMD

ITQlick rating
(4.1/5)

starts at $194 per month

CollaborateMD is a cloud-based practice management system that is developed to be used in all types of mental health care practices. these practices can include occupational therapy, behavioral therapy, speech ...

Categories: Billing & Invoicing, Payment Processing, Inventory Management, Compliance , SSO: Single sign on.

Compare specifications

Compare features

Therabill: 3 Features

Billing & Invoicing
Appointment Management
HIPAA Compliant

CollaborateMD: 7 Features

Billing & Invoicing
Inventory Management
Appointment Management
E-Prescribing
HIPAA Compliant
Patient portal
Medical
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Therabill
ITQlick rating
4.4/5
Score
94/100
Pricing
2/10
License pricing
$149 per provider/month + $199 setup fee
Functionality
26
Compare
CollaborateMD
ITQlick rating
4.1/5
Score
82/100
Pricing
4.4/10
License pricing
$194 per month
Functionality
37
Advanced...
ITQlick rating
4/5
Score
95/100
Pricing
4/10
License pricing
$429 per provider/month
Functionality
13
RXNT hos...
ITQlick rating
4.4/5
Score
93/100
Pricing
3/10
License pricing
$75 per month
Functionality
31
DrsMagic
ITQlick rating
4.3/5
Score
92/100
Pricing
4.4/10
License pricing
$80 per month
Functionality
7

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.