Essential RCM Review - why 3.7 stars?

Essential RCM Review
ITQlick Score: 90/100
ITQlick Rating: (3.7/5)
Pricing: 4.6/10 - average cost
Category: Medical Billing -> Essential RCM
Ranking:Ranked 6 out of 95 Medical Billing systems
Company: edgeMED Healthcare
Pricing: starts at $149 per user/month
Typical customers: Medium and large size businesses
Platforms: Desktop, Cloud
Links: Essential RCM pricing, Essential RCM alternatives

Shlomi LaviShlomi Lavi / updated: Jul 21, 2020

We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.

What is Essential RCM?

Essential RCM is medical billing software solution medium to large health care providers. Its ultimate goal is to help doctors, laboratories, and hospitals avoid not getting paid. Its key features include billing, collection, and claims management. It is built and launched by edgeMED Healthcare which was founded in 1981 which has now up to 200 employees. The company specializes in Revenue Cycle Management, Practice Management Software, Electronic Health Records, and more. It is currently headquartered at Boca Raton, Florida.

What is Essential RCM rating? ()

The rating of Essential RCM is 3.7 stars out of 5 and the total score is 90 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Essential RCM's typical customers?

The typical customers include the following business size: Medium and large size businesses.

Is Essential RCM the best Medical Billing?

Essential RCM is ranked 6 out of 95 software in their category (Medical Billing systems).

What are Essential RCM's pros? (2 Pros)

  • HIPAA Compliant
  • Flexible Platforms (Cloud, Windows, and Mac)

What are Essential RCM's cons? (2 cons)

  • Price is more expensive than the average medical billing software
  • Does not provide quotes/estimates generation features

Who are their main alternatives?

DrsMagic is medical billing software for small, medium, and large healthcare companies. Drs.Magic pricing is cheaper than Essential RCM. Its price starts at $80 a month per user. Essential’s feature includes Claims Management, Code & Charge Entry, Compliance Tracking, Dunning Management, Customizable Dashboard, Invoice History, Patient Eligibility Checks, Payment Processing, Practice Management, and Remittance Advice whereas DrsMagic only has Claims Management, Invoice History, and Remittance Advice only.

Though DrsMagic has a higher review score online and cheaper, Essential offers more RCM systems so businesses could be paid more. Mercury Medical serves medium and large healthcare providers at the same price range as Essential.

Mercury Medical and Essential have the same medical billing features but what makes Medical Mercury better is their support package. It already includes software upgrades, customizations, corrections, and 24/7 email and phone support. Both have the same excellent review scores online and can greatly help companies to increase their revenue.

What is the cost of Essential RCM?

The cost of license starts at $149 per user/month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 4.6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Essential RCM

What should you ask edgeMED Healthcare during a demo session? (65 questions)

Schedule a demo with Essential RCM and access 65 must ask questions for the vendor while watching Essential RCM in action. Visit the vendor's website here.

Is it the right software for you?

Essential RCM is suitable for medium to large health services related industries which are in need of medical billing, claim management, and document management solutions. Its clients are from Physician Practices and Clinics, Accountable Care Organizations, Patient-Centered Medical Homes, Hospitals and Health Systems.

Essential RCM's list of categories:

Payment Processing
Document Management
Claims Management
Medical Billing
Patient Billing Estimate
Patient Records
Practice Management
Remittance Advice

Essential RCM Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, 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
Review
Compare
Essential
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
90/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.6/10
License pricing license pricing (if provided by the software vendor)
$149 per user/month
Functionality
8
Compare
AdvancedMD
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
95/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
$729 per provider/month
Functionality
13
Therabill
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$149 per provider
Functionality
26
RXNT
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
93/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3/10
License pricing license pricing (if provided by the software vendor)
$65 per month
Functionality
31
Review
DrsMagic
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.4/10
License pricing license pricing (if provided by the software vendor)
$80 per user/month
Functionality
7
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.