Therabill - Top Competitors (Feb 2023)

Shlomi Lavi / updated: Feb 23, 2023

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Therabill vs. Alternatives in 2023

Here is a comparison of Therabill Medical Billing software with five of its alternatives:

1. MedEvolve:

Similarities:

• MedEvolve and Therabill both offer billing and practice management software designed for healthcare providers.
• Both provide tools to automate tasks such as claim submission, payment posting, and insurance verification.
• Both have customizable reporting features to track practice performance metrics.

Differences:

• MedEvolve is designed for medical practices of all specialties, whereas Therabill is specialized for mental and behavioral health providers.
• MedEvolve offers a broader range of features, such as patient scheduling, revenue cycle management, and electronic health records (EHR) integration.
• MedEvolve's pricing model is based on a percentage of monthly revenue, while Therabill has a flat monthly fee.

2. OpenPM:

Similarities:

• OpenPM and Therabill both offer cloud-based billing and practice management software for healthcare providers.
• Both provide tools to automate billing processes, including claims submission and payment posting.
• Both offer customizable reporting features to track practice performance metrics.

Differences:

• OpenPM is designed for medical practices of all specialties, while Therabill is specialized for mental and behavioral health providers.
• OpenPM offers additional features such as EHR integration, appointment scheduling, and patient communication tools.
• OpenPM offers tiered pricing plans based on the number of providers in a practice, while Therabill has a flat monthly fee.

3. OptiMantra:

Similarities:

• OptiMantra and Therabill both offer cloud-based billing and practice management software for healthcare providers.
• Both provide tools to automate billing processes, including claims submission and payment posting.
• Both offer customizable reporting features to track practice performance metrics.

Differences:

• OptiMantra is designed for medical practices of all specialties, while Therabill is specialized for mental and behavioral health providers.
• OptiMantra offers additional features such as EHR integration, appointment scheduling, and patient communication tools.
• OptiMantra's pricing model is based on a percentage of monthly revenue, while Therabill has a flat monthly fee.

4. CareVoyant:

Similarities:

• CareVoyant and Therabill both offer cloud-based billing and practice management software for healthcare providers.
• Both provide tools to automate billing processes, including claims submission and payment posting.
• Both offer customizable reporting features to track practice performance metrics.

Differences:

• CareVoyant is designed for medical practices of all specialties, while Therabill is specialized for mental and behavioral health providers.
• CareVoyant offers additional features such as EHR integration, medication management, and patient scheduling.
• CareVoyant's pricing model is based on a per-user fee, while Therabill has a flat monthly fee.

5. CentralReach:

Similarities:

• CentralReach and Therabill both offer cloud-based billing and practice management software for healthcare providers.
• Both provide tools to automate billing processes, including claims submission and payment posting.
• Both offer customizable reporting features to track practice performance metrics.

Differences:

• CentralReach is specialized for behavioral health providers and applied behavior analysis (ABA) therapy, while Therabill is specialized for mental and behavioral health providers.
• CentralReach offers additional features such as EHR integration, client management, and data analytics.
• CentralReach's pricing model is based on a per-user fee, while Therabill has a flat monthly fee.

Overall, the key differences between these billing and practice management software options are their specialty focus, additional features, and pricing models.

Therabill vs. Alternatives (pricing table)

Therabill's Free Alternative

There are several open-source medical billing software options available for free, such as Medinous, OpenBillingSystem, and Simple Medical. These systems offer basic billing features, such as claim submission and management, but may not include advanced features like eligibility verification or automated claims follow-up.

Therabill Best Alternative for Small Business

WebPT is a specialized medical billing software designed for physical therapy practices. It includes features like appointment scheduling, claims management, and payment processing, as well as EHR and reporting features. WebPT pricing is based on a monthly subscription fee, with pricing plans designed for small practices.