Essential RCM - Top Competitors (Apr 2022)

Essential RCM Review
ITQlick Score: 90/100
ITQlick Rating:
(3.7/5)
Pricing: 4.6/10 - average cost
Category: Medical Billing -> Essential RCM review -> Essential RCM competitors
Ranking:Ranked 6 out of 98 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 review, Essential RCM alternatives
Shlomi LaviShlomi Lavi / updated: Apr 27, 2022

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Essential RCM VS Alternatives in 2022

Essential Revenue Cycle Management is a medical billing and claim processing solution, and its top alternatives include Kareo Billing, EZClaims, Waystar, and athenaCollector. Essential RCM is compared to its top competitors in the sub-categories listed below:
  • Cloud/On-premise: Essential RCM is a fully web-based revenue cycle management solution. All top alternatives of Essential RCM are fully cloud-based medical billing solutions.
  • Cost: The pricing details of Essential RCM by edgeMED are not disclosed, and no free trial offer is available. In comparison, EZClaims pricing starts at $149 per month for one user, plus $99 for every additional user. Other top alternatives of Essential RCM do not disclose their pricing details, and only EZClaims has a 30-day free trial offer available.
  • Customers/Industries: Essential RCM serves healthcare organizations like physician practices, medical billing organizations, hospitals & health systems, accountable care organizations, patient-centered medical homes, etc. Also, the platform is tailored for several specialties, including cardiology, OB/GYN, dermatology, neurology, family medicine, etc. In comparison, Essential RCM and its top alternatives target similar customers and specialties in the healthcare industry. Also, Kareo Billing targets physical therapy providers, and clinical laboratories use Waystar.
  • Functionality: Essential RCM has several features for revenue cycle management, including physician credentialing, claims submission, medical coding, secondary insurance, payment reconciliation, business intelligence, etc. Compared to its top alternatives, Essential RCM has business intelligence features available on Kareo Billing, Waystar, and athenaCollector. Also, Kareo Billing and athenaCollector have patient check-in and appointment scheduling solutions, and EZClaims has credit card processing tools, which Essential RCM does not offer.
  • Popularity: Essential RCM is a product offering from edgeMED Healthcare, and the platform serves over 36 specialties and 3,600 providers and processes 8 million claims annually. In comparison, over 76,000 providers use Kareo Billing, Waystar serves more than 500,000 providers, over 15,000 customers use EZClaims, and athenaCollector has an ecosystem of over 135,000 healthcare providers.
  • Scalability: Essential RCM is a highly scalable web-based medical billing solution fit for practices and organizations of all sizes. All top alternatives of Essential RCM are equally scalable medical billing solutions.
  • Support: Customers that use Essential RCM for medical billing can access support through email, phone, and a software education library (knowledge base). Compared to its top alternatives, Essential RCM does not have a live chat support channel available on EZClaims, Kareo Billing, and athenaCollector.

Essential RCM alternatives - for small & large Practice

Here are the top 4 alternatives to Essential RCM that are worth checking out: AdvancedMD Medical Billing for SMBs, Therabill for large size business, RXNT hospice for growing companies, and Quest Diagnostics for low budget organizations.

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
Essentia...
ITQlick rating
3.7/5
Score
90/100
Pricing
4.6/10
License pricing
$149 per feature/month
Functionality
8
Best for SMBs
Advanced...
ITQlick rating
4/5
Score
95/100
Pricing
4/10
License pricing
$429 per provider/month
Functionality
13
Best for Enterprise
Therabill
ITQlick rating
4.4/5
Score
94/100
Pricing
2/10
License pricing
$149 per provider/month + $199 setup fee
Functionality
26
Growing
RXNT hos...
ITQlick rating
4.4/5
Score
93/100
Pricing
3/10
License pricing
$65 per month
Functionality
31
Free version
Quest
ITQlick rating
3.5/5
Score
82/100
Pricing
4/10
License pricing
Has a free version
Functionality
11
Review

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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.