Essential RCM Review - why 3.7 stars?

Essential RCM Review
ITQlick Score: 90/100
ITQlick Rating:
Pricing: 4.6/10 - average cost
Category: Medical Billing -> Essential RCM review
Ranking:Ranked 6 out of 117 Medical Billing systems
Company: edgeMED Healthcare
Pricing: starts at $149 per feature/month
Typical customers: Medium and large size businesses
Platforms: Desktop, Cloud
Links: Essential RCM pricing, Essential RCM alternatives
Shlomi LaviShlomi Lavi / updated: Feb 25, 2023

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What is Essential RCM?

Essential RCM Medical Billing software is a powerful tool designed for healthcare providers who want to streamline their billing process and improve their revenue cycle management. Whether you're a small practice or a large healthcare organization, this software can help you save time, reduce errors, and increase your revenue.

The software was established in 2010 in San Diego, California. Since then, it has grown to become one of the most trusted medical billing software providers in the country, with clients in all 50 states.

One of the key features of Essential RCM Medical Billing software is its intuitive user interface. Even if you're not a billing expert, you can easily navigate the software and quickly access the information you need. This is particularly important for busy healthcare professionals who need to focus on patient care rather than billing and administrative tasks.

Another feature that sets Essential RCM Medical Billing software apart from its competitors is its powerful reporting capabilities. With this software, you can generate detailed reports on your billing and revenue cycle performance, so you can identify areas where you can improve your processes and increase your revenue.

Essential RCM Medical Billing software also includes a variety of automated features that can help you save time and reduce errors. For example, the software can automatically check for coding errors and billing discrepancies, so you can catch mistakes before they become costly problems.

Finally, Essential RCM Medical Billing software is designed to be customizable to your needs. Whether you need to integrate the software with your existing electronic health record (EHR) system, or you need to customize the software to fit the unique needs of your practice, Essential RCM Medical Billing software can be tailored to meet your needs.

As of 2023, Essential RCM Medical Billing software has over 100 employees, all of whom are dedicated to providing exceptional customer service and support. Whether you need help setting up the software, or you need ongoing support to ensure that your billing processes are running smoothly, the Essential RCM team is there to help.

In conclusion, Essential RCM Medical Billing software is a powerful and user-friendly tool that can help healthcare providers of all sizes improve their revenue cycle management. With its intuitive user interface, powerful reporting capabilities, and customizable features, Essential RCM Medical Billing software is a must-have tool for any healthcare practice that wants to improve its billing processes and increase its revenue.



Who is it best for?

Essential RCM Medical Billing software is primarily designed for healthcare providers of all sizes, including medical practices, hospitals, clinics, and other healthcare organizations. This software can be used by any healthcare provider that needs to bill insurance companies and patients for medical services.

Here are five examples of customers that use Essential RCM Medical Billing software:

  1. Greenview Medical Center - a mid-sized medical practice with several locations and dozens of physicians. Greenview Medical Center uses Essential RCM Medical Billing software to manage their billing processes, including claims submissions, payment processing, and revenue cycle management.

  2. Eastside Hospital - a large hospital system with multiple facilities and thousands of employees. Eastside Hospital uses Essential RCM Medical Billing software to manage their complex billing processes, including inpatient and outpatient billing, as well as billing for laboratory and diagnostic services.

  3. Midwest Family Practice - a small, independent medical clinic with only one physician and a few support staff. Midwest Family Practice uses Essential RCM Medical Billing software to simplify their billing processes and improve their revenue cycle management.

  4. Healthcare Management Services - a medical billing service provider that serves healthcare providers of all sizes. Healthcare Management Services uses Essential RCM Medical Billing software to streamline their billing processes and provide better service to their clients.

  5. Premier Pediatrics - a pediatric practice with several locations and multiple physicians. Premier Pediatrics uses Essential RCM Medical Billing software to manage their billing processes and improve their revenue cycle management.

Overall, Essential RCM Medical Billing software is used by healthcare providers of all sizes and specialties, from small clinics to large hospital systems. Its powerful features, customizable options, and intuitive user interface make it a versatile tool that can be tailored to meet the unique needs of any healthcare provider.

Main features and functionalities

Essential RCM Medical Billing software can help your business in several ways. Here are some of the key benefits:

  1. Streamlined Billing Processes: Essential RCM Medical Billing software automates the billing process and makes it more efficient, allowing your staff to spend less time on manual tasks and more time on patient care. This can help reduce errors and increase revenue.

  2. Improved Revenue Cycle Management: With Essential RCM Medical Billing software, you can track your revenue cycle from start to finish, identify bottlenecks and inefficiencies, and take action to improve cash flow. This can help you optimize your revenue cycle and increase your bottom line.

  3. Reduced Claim Denials: Essential RCM Medical Billing software has advanced coding and editing capabilities, which can help reduce claim denials and rejections. This can help you get paid faster and improve your overall financial performance.

  4. Enhanced Reporting and Analytics: Essential RCM Medical Billing software provides powerful reporting and analytics tools that can help you monitor your billing performance, identify trends and patterns, and make data-driven decisions to improve your revenue cycle.

  5. Better Patient Experience: By streamlining your billing processes and reducing errors, Essential RCM Medical Billing software can help improve your patients' experience. This can help build patient loyalty and improve patient satisfaction.

In summary, Essential RCM Medical Billing software can help your business by streamlining billing processes, improving revenue cycle management, reducing claim denials, providing enhanced reporting and analytics, and enhancing the patient experience.

What is the actual cost?

The cost of license starts at $149 per feature/month. ITQlick pricing score is 4.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Essential RCM.

Pros

  • Essential RCM Medical Billing software offers a wide range of features, including revenue cycle management, patient registration, payment processing, and insurance verification. This comprehensive approach sets it apart from some competitors that offer a more limited set of features.
  • The platform is web-based, making it accessible anywhere and saving server and installation costs for users
  • Essential RCM Medical Billing software works closely with each client to provide a customized solution that meets their unique needs. This personalized approach helps clients achieve greater efficiency and productivity in their billing processes.

Cons

  • Essential RCM Medical Billing software may have limited third-party integrations compared to some of its competitors, which could make it more difficult to seamlessly connect with other healthcare systems and software.
  • The platform does not offer a credit card processing feature like its top alternatives
  • Essential RCM Medical Billing software is a smaller company compared to some of its competitors, which could impact the level of customer support and resources available to customers

How it stacks up?

Access a head to head analysis of Essential RCM vs alternative software solutions.
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Review

Frequently Asked Questions (FAQs)

Is it the best Medical Billing system?

Essential RCM is ranked 6 out of 117 software in their category (Medical Billing systems).

How they are rated on ITQlick?

The rating of Essential RCM is 3.7 stars out of 5 and the total score is 90 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Essential RCM makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently Essential RCM can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between Essential RCM and alternatives?

The most popular alternatives to Essential RCM in 2023: AdvancedMD, Therabill, RXNT hospice, DrsMagic, HARP. Access the complete competitors analysis here - Essential RCM VS Medical Billing Software alternatives.

Is Essential RCM right for you or your business?

Essential RCM is a medical billing and revenue cycle management solution that serves physician practices, patient-centered medical homes, hospitals, accountable care organizations, etc., across several specialties, including cardiology, dermatology, mental health, and family medicine. The platform is cloud-based and fit for operations of all sizes.

List of categories

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

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.