Compare TheraNest and CollaborateMD - Feb 2023

Shlomi LaviShlomi Lavi / Feb 27, 2023

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Bottom Line: Which is Better - TheraNest or CollaborateMD?

CollaborateMD is more expensive to implement (TCO) than TheraNest, and TheraNest is rated higher (90/100) than CollaborateMD (82/100). TheraNest offers users more features (10) than CollaborateMD (7). There is a clear winner in this case and it is TheraNest!

Looking for the right Mental Health 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:

TheraNest Vs. CollaborateMD

TheraNest: TheraNest is a mental health and therapy notes software that is designed to help psychologists, psychotherapists, social workers and others in mental health manage and grow their practices and organizations. From health records, to notes, to payment processing, TheraNest makes managing your clients and business simple. It also has actionable re...

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? TheraNest or CollaborateMD?

The real total cost of ownership (TCO) of Mental Health 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 TheraNest and CollaborateMD.

TheraNest price starts at $39 per month , On a scale between 1 to 10 TheraNest is rated 2, which is much lower than the average cost of Mental Health software. CollaborateMD price starts at $194 per month , When comparing CollaborateMD to its competitors, the software is rated 4 - lower than the average Mental Health software cost.

Bottom line: CollaborateMD is more expensive than TheraNest.

Which software includes more/better features?

We've compared TheraNest Vs. CollaborateMD based on some of the most important and required Mental Health features.

TheraNest: Billing & Invoicing, Document Management, Time Tracking, Scheduling, EDI, Appointment Management, Charting, Patient portal.

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

Target customer size

TheraNest Mental Health software serves mental health professionals across a variety of industries, including counseling, psychology, psychiatry, social work, and behavioral health. Customers of the software include medical businesses and practices of all sizes.



TheraNest

ITQlick rating
(4.5/5)

starts at $39 per month

TheraNest is a HIPAA compliant web-based mental health software that is designed for use by solo practitioners, large mental health practices, and nonprofit organizations.

Categories: Billing & Invoicing, Payment Processing, Recurring invoicing, Residential Remodeling Estimating.

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

TheraNest: 10 Features

Billing & Invoicing
Document Management
Time Tracking
Scheduling
EDI
Appointment Management
Charting
Patient portal
Voice Recognition
Medical

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
TheraNest
ITQlick rating
4.5/5
Score
90/100
Pricing
2/10
License pricing
$39 per month
Functionality
52
Compare
CollaborateMD
ITQlick rating
4.1/5
Score
82/100
Pricing
4.4/10
License pricing
$194 per month
Functionality
37
Valant E...
ITQlick rating
3.9/5
Score
92/100
Pricing
2.2/10
License pricing
$135 per month
Functionality
25
CharityTracker
ITQlick rating
4.5/5
Score
92/100
Pricing
6/10
License pricing
$20 per user/month
Functionality
3
Lauris O...
ITQlick rating
4.1/5
Score
92/100
Pricing
3.4/10
License pricing
Pricing not available
Functionality
3

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.