Shlomi Lavi /
Feb 23, 2023
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Bottom Line: Which is Better - Therabill or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than Therabill, and Wave Accounting is rated higher (97/100) than Therabill (94/100). Wave Accounting offers users more features (5) 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. Wave Accounting
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...
Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.
Who is more expensive? Therabill or Wave Accounting?
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 Wave Accounting.
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. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Therabill is rated 2, which is much lower than the average cost of Medical Billing software.
Bottom line: Wave Accounting is more expensive than Therabill.
Which software includes more/better features?
We've compared Therabill Vs. Wave Accounting based on some of the most important and required Medical Billing features.
Therabill: Billing & Invoicing, Appointment Management, HIPAA Compliant.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
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. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.