Best 9+ Medical Billing Outsourcing Companies for 2024

Medical billing is critical to ensuring healthcare providers get paid accurately and on time. For many practices, handling billing in-house can be overwhelming. That's where outsourcing comes in. Medical billing outsourcing companies offer specialized services to handle billing, improve accuracy, and speed up payments.

At Pearl Talent, we offer exceptional medical billing services tailored to meet the unique needs of healthcare providers. Our expert virtual assistants ensure accurate claims processing and timely reimbursements, making us one of the best in the industry. By partnering with us, healthcare practices can focus on patient care while we expertly manage the billing complexities.

Leveraging our expertise in the healthcare industry, we crafted this guide to help you choose the top medical billing outsourcing companies for 2024. We aim to simplify your search and help you find a reliable partner for outsourced medical billing that enhances your billing processes and boosts your practice's financial health.

Let’s dive in!

Top 11 Medical Billing Outsourcing Companies to Consider

Medical billing outsourcing companies play a vital role in streamlining healthcare practices. They help manage billing processes, reduce errors, and improve provider revenue cycles. Let’s explore the top 11 best medical billing companies to help you find the right partner for your billing needs.

1. Pearl Talent - Best for Medical Billing Outsourcing

Pearl Talent stands as the best among medical billing outsourcing companies. We provide top-notch medical billing outsourcing solutions by sourcing exceptional talent from the Philippines and Latin America. Through our trusted network of university professors, we find highly skilled candidates with healthcare experience who are motivated and hardworking. 

Pearl Talent provides all-encompassing support to healthcare providers by offering managed services that handle payroll, compliance, onboarding, and continuous training. We focus on pairing you with the best professionals to optimize your billing processes and improve collections efficiency.

Notable Features Offered by Pearl Talent

• Top 1% Talent: Pearl Talent hires only the top 1% of healthcare professionals, ensuring your practice has highly skilled medical billing staff.
• Fast Onboarding: Onboard top medical billing talent in under two weeks, speeding up your practice’s billing operations.
• Time Zone Alignment: Staff work in your time zone, ensuring seamless communication and timely medical billing support.
• Immediate Replacement: If a hire isn’t the right fit, Pearl Talent promptly replaces them, minimizing disruptions to your billing workflow.

Pearl Talent Pricing Plans

Pearl Talent offers managed services for $3,000 per month, which is ideal for rapidly growing companies needing help with compliance management. They also provide direct placement services for a one-time fee of $7,500, suited for businesses that can internally manage and train new hires. These pricing options are designed to efficiently meet varying company needs.

2. AdvancedMD - Provides Web-Based Billing Solutions

AdvancedMD, established in 1999, started as a small medical billing software reseller but quickly developed into a healthcare technology. Founded by a medical office manager and tech specialists, they created an innovative web-based platform for medical billing. Today, with over 20 years of experience, AdvancedMD supports healthcare practices by offering integrated cloud solutions to streamline workflow and revenue cycles.

Like many medical billing outsourcing companies, AdvancedMD uses a robust proprietary software platform to streamline and optimize the billing process. Their cloud-based software helps practices and third-party billing providers manage medical billing, revenue cycles, and patient care more efficiently, making them a crucial partner for outsourced billing services.

Notable Features Offered by AdvancedMD

• Custom RCM Expert Matching: Get paired with an RCM expert specializing in claims management, medical coding, and more for your practice's specific needs.
• Free Software with RCM Services: Access AdvancedMD’s software free of charge by choosing their internal RCM team to handle your billing tasks.
• Comprehensive Practice Management: Full suite of tools for automating practice workflows, boosting efficiency, and improving cash flow management.
• Unified Patient Engagement Tools: Increase patient satisfaction with self-service features and reduce manual data entry through automated systems.

AdvancedMD Pricing Plans

AdvancedMD offers customized pricing based on your practice’s needs. They provide discounts when bundling EHR, practice management, and patient engagement software. Their revenue cycle management (RCM) pricing is a percentage of collections. They also offer up to 40% discount on tailored packages, with pricing results provided quickly.

3. ChartLogic - Offers Certified EMR Services

ChartLogic, established in 1994, has consistently evolved to meet the needs of healthcare providers. Initially recognized for creating the first Meaningful Use Certified Electronic Medical Record (EMR) in the United States, this billing company has expanded its offerings to include a comprehensive ambulatory EHR suite. 

ChartLogic provides various services, including electronic health records, practice management, revenue cycle management, e-prescribing, and patient portals. Their revenue cycle management solutions support medical billing processes, making them one of the leading medical billing outsourcing companies.

Notable Features Offered by ChartLogic 

• Tailored Solutions for Every Role: Provides specialized tools for office managers, clinicians, and billing specialists to enhance practice efficiency and profitability.
• Voice-Driven Electronic Health Records: Efficiently capture clinical encounters using voice dictation, maintaining workflow without disrupting established processes.
• Comprehensive Revenue Cycle Management: Offers a full suite of services, including billing tools and practice management software to streamline financial operations.
• Specialty-Specific Customization: Tailored features for various specialties, including orthopedic and surgical practices, ensuring relevant tools are available for all users.

ChartLogic Pricing Plans

ChartLogic provides a comprehensive EHR suite tailored to user workflows and specialties. They offer pricing details for Electronic Health Records, Practice Management, Patient Portals, and Revenue Cycle Management Services. Interested users can fill out a form to schedule a demo and discuss pricing options. Their solutions are designed with a rich library of specialty-specific content for enhanced usability.

4. DrChrono - Delivers Customizable Billing Profiles

DrChrono, founded in 2009 and based in Sunnyvale, California, is dedicated to transforming healthcare through innovative technology. The company aims to eliminate the administrative burdens that often hinder healthcare providers. With a focus on personalized care, DrChrono serves tens of thousands of physicians and over 17 million patients.

DrChrono offers a comprehensive platform that includes electronic health records (EHR), practice management, and revenue cycle management services. As a leading medical billing outsourcing company, their solutions simplify the billing process and enhance operational efficiency, enabling healthcare practices to thrive.

Notable Features Offered by DrChrono

• Integrated Medical Billing Software: Seamlessly combines EHR and billing systems, reducing data entry errors and improving clean claim rates.
• Intelligent Reporting Tools: Access real-time billing reports and analytics directly within the platform, enabling better performance tracking and decision-making.
• Customizable Billing Profiles: Create and save billing profiles for common diagnoses and procedures, significantly reducing administrative workload.
• Advanced Automation Features: Automates billing tasks and improves accuracy, resulting in higher payment collections and lower denial rates.

DrChrono Pricing Plans

DrChrono offers personalized pricing quotes based on your practice's needs. They will contact you after you provide details about your practice to discuss options. Their services include transferring patient demographics, medications, fee schedules, and more at no added cost. Their specialists will help ensure a smooth transition to the DrChrono EHR system.

5, BellMedEx - Tailors Software for Billing Processes

BellMedEx is a renowned medical billing firm specializing in comprehensive billing and coding services for healthcare providers. They focus on reducing errors and minimizing revenue gaps, ensuring timely and accurate charge posting. Committed to excellence, BellMedEx operates 24/7, offering efficient support to help practices improve financial health and streamline operations.

The company offers a range of All-In-One Medical Billing Services tailored for U.S. providers, allowing healthcare organizations to outsource their billing needs effectively. Their certified medical coders and billers work diligently to recover aged receivables and resolve claim denials. 

Notable Features Offered by BellMedEx

• Expertise in Claim Processing: Access a team of certified medical billers who process claims efficiently, minimizing delays and maximizing reimbursements.
• Compliance Assurance: As a trusted medical billing outsourcing company, they ensure adherence to regulations and payer requirements, reducing the risk of penalties and audits for your practice.
• High Success Rates: Achieves a 98% successful claims submission rate, streamlining the billing process and improving financial goals.
• Stress Reduction for Practices: Minimizes billing complexities, allowing healthcare providers to focus on patient care rather than administrative tasks.

BellMedEx Pricing Plans

BellMedEx, a reliable medical billing outsourcing company, offers services that provide thorough compliance, robust technology, and faster client reimbursements. Their medical billing software automates workflows, minimizes errors, and maximizes reimbursement. Users can sign up for a free trial with no credit card required to experience the service firsthand.

6. Kareo - Tailors Software for Billing Processes

Kareo is a cloud-based platform designed for medical billing companies, empowering them to efficiently manage their operations. Trusted by over 1,600 medical billing companies, Kareo provides an intuitive interface that enhances control over billing processes and supports the practices they serve.

Kareo Billing offers comprehensive practice management software tailored for in-house billing processes. Its web and mobile applications streamline patient management and simplify insurance billing, helping practices navigate the complexities of medical billing more effectively. With Kareo, billing companies can optimize workflows and enhance service offerings.

Notable Features Offered by Kareo

• Tailored for All Business Sizes: Supports various billing needs, from contract billers to established organizations, enhancing profitability for any size practice.
• Industry-Driven Design: Developed using insights from over 1,600 billing companies and 75,000 providers, ensuring the platform meets real-world needs.
• Comprehensive Billing Support: Streamlines the billing process, including claims submission, coding, insurance verifications, and payment processing.
• Focus on Client Success: Offers award-winning services and tools designed to help you attract, manage, and retain clients effectively as a leading medical billing outsourcing company.

Kareo Pricing Plans

Kareo offers tailored pricing based on your practice's specific needs. By answering simple questions, you can connect with a solutions expert for personalized assistance. Their platform supports over 75,000 providers and has more than 150,000 active users. Kareo serves over 45 medical specialties across all 50 states, showcasing their extensive experience in the field.

7. BillingParadise - Guides Compliance with RCM Experts

BillingParadise, founded in 2004, specializes in medical billing services for group practices, hospitals, clinics, and independent medical practices. Their mission is to simplify revenue cycle management, allowing healthcare organizations to thrive without the pressure of strict profit margins.

The company offers tailored medical billing solutions that align with value-based care reimbursement models. Their RCM experts guide MACRA compliance, while automation tools enhance efficiency and data accessibility. BillingParadise manages over one million claims, ensuring streamlined billing processes for healthcare organizations.

Notable Features Offered by Billing Paradise

• Comprehensive Revenue Analysis: Offers detailed insights on collections and revenue leaks within 24-48 hours, helping practices recover lost revenue.
• Customized Billing Restructuring: Evaluates current processes to set revenue and patient satisfaction goals, providing support to address operational gaps as a trusted medical billing outsourcing company.
• Implementation of SOPs and EHR Optimization: Develop new standard operating procedures aligned with industry best practices, streamlining billing and ensuring compliance.
• 24/7 Billing Support: Provides round-the-clock services for patient eligibility verification, coding, and claim submissions, enhancing efficiency and reducing delays.

Billing Paradise Pricing Plans

BillingParadise offers medical billing services that can boost productivity by 60% and provide 90% savings in revenue cycle management (RCM) costs. Here are the critical service options they provide as one of the leading medical billing outsourcing companies:

• FTE Services: Hire the right revenue cycle champions to accelerate your revenue cycle.
• Co-Managed Services: Stay in control of your revenue cycle operations while receiving support to navigate RCM challenges.
• Full Cycle RCM: Focus on patient care while receiving comprehensive support across the revenue cycle continuum.

8. Athenahealth - Delivers Cloud-Based Healthcare Solutions

Athenahealth is a well-known provider of cloud-based healthcare solutions, including electronic health records (EHR), practice management, and medical billing services. Founded in 1997, the company focuses on improving efficiency by offering integrated solutions that streamline administrative tasks, enhance patient engagement, and optimize revenue cycle management. 

Athenahealth is recognized as a medical billing outsourcing company for its innovative approach to healthcare technology and commitment to helping providers improve patient care and financial performance. With a vast network of healthcare providers, Athenahealth leverages data insights to deliver actionable intelligence and support better clinical outcomes.

Notable Features Offered by Athenahealth

• All-in-One Healthcare Solution: Integrates EHR, practice management, and medical billing into a single platform, enhancing clinical and operational efficiency.
• Streamlined Revenue Cycle Management: Simplifies the billing process, helping practices collect payments faster with reduced workload and fewer claim complexities.
• Focus on Patient Engagement: As a top medical billing outsourcing company, they offer tools to maintain patient connections beyond appointments, improving satisfaction and engagement in care.
• Comprehensive Customer Support: Provides extensive training and resources to ensure successful implementation and ongoing use of the athenaOne platform.

Athenahealth Pricing Plans

Athenahealth offers tailored support to help you find the right products and pricing for your organization, connecting you with their sales team for personalized assistance. Their customer support is available through the athenaOne® Success Community. They also provide patient resources, including links for bill payment, access to your patient portal, and the ability to download their patient app for added convenience.

9. ReveleMD - Helps Navigate Insurance Claims

ReveleMD, formerly GroupOne Health Source, has been a prominent player in the healthcare reimbursement industry since 1999. With over 25 years of experience, they focus on simplifying medical billing and revenue cycle management (RCM), positioning themselves as one of the top medical billing outsourcing companies.

As an expert in medical billing outsourcing, ReveleMD leverages advanced technology to streamline billing processes and improve collections for healthcare organizations. Their services help practices navigate the complexities of insurance claims and reimbursement while ensuring compliance with industry regulations.

Notable Features Offered by ReveleMD

• Proactive Revenue Cycle Management: Focuses on compliance and education while analyzing workflows to optimize key performance indicators for improved revenue.
• Comprehensive Denial Management: Features a proprietary denial resolution system that tracks trends and handles appeals to recover lost revenue effectively.
• Advanced Financial Reporting: Utilizes healthcare analytics to analyze KPIs, identify operational efficiencies, and discover new revenue opportunities.
• Enhanced Patient Engagement: Offers modern technologies and strategies to streamline patient payments and improve patient interaction and satisfaction.

ReveleMD Pricing Plans

ReveleMD offers a simple way to connect with their sales team for more information about their services as one of the top medical billing outsourcing companies. A Revele representative will promptly follow up by filling out a brief form to discuss how they can help future-proof your practice. Their team focuses on understanding your needs and providing tailored solutions to enhance your healthcare operations.

10. CareCloud - Handles Claims and A/R Follow-Ups

CareCloud is a healthcare technology company known for its cloud-based solutions. It serves over 40,000 providers across 70+ medical specialties. CareCloud focuses on helping healthcare practices streamline operations, improve patient experiences, and reduce costs. Its expertise in the healthcare industry makes it an ideal partner for organizations seeking to enhance practice efficiency.

CareCloud offers specialized medical billing outsourcing company services through its robust revenue cycle management (RCM) platform. Their expert back-office team handles critical billing functions like claims submission and A/R follow-ups, helping practices boost collections by 7% or more. 

Notable Features Offered by CareCloud

• Dedicated Medical Billing Team: Offers an experienced team that extends your staff, delivering high-quality RCM services that adapt to changing regulations as a trusted medical billing outsourcing company.
• Comprehensive RCM Support: Handles complex billing tasks beyond claim submissions, including credentialing and prior authorizations.
• Fast Scaling and Flexibility: With a 30-day turnaround for onboarding and scaling, CareCloud offers flexible staffing solutions that grow with your practice.
• Customized Solutions and Seamless Integration: CareCloud integrates smoothly with existing practice management systems, avoiding workflow disruptions.
• Increased Revenue and Reporting Transparency: CareCloud's optimized billing processes aim to reduce claim denials and improve financial health.

CareCloud Pricing Plans

CareCloud offers customizable pricing based on your medical practice's specific needs. Their solutions are tailored to help you achieve clinical, financial, and operational excellence. Pricing is adjusted according to your chosen services and features, ensuring flexibility. You can personalize your CareCloud experience to achieve optimal cost efficiency and performance.

11. CureMD - Outsourced Billing Without Hiring Experts

CureMD is a medical billing outsourcing company that provides services designed to help healthcare practices get paid faster and more efficiently. Their advanced AI-driven software and scalable solutions enable healthcare organizations to outsource billing without hiring or training in-house experts. 

CureMD's medical billing healthcare services focus on eliminating revenue leakages and optimizing revenue collection. Their sophisticated revenue cycle management (RCM) platform covers all specialties, including cardiology, neurology, and OB/GYN, ensuring a 5-10% increase in collections within months. 

Notable Features Offered by CureMD

• High Claim Approval Rate: CureMD, a reputable medical billing outsourcing company, boasts a 96% success rate for claims paid on the first submission, enhancing cash flow for practices.
• KPI Dashboard: The platform offers real-time visibility into key performance indicators, helping practices monitor collections, denials, and overall cash flow.
• E-Super Bill Feature: This feature recommends appropriate evaluation and management codes, reducing medical billing errors and eliminating the need for separate coding audits.
• Quick and Easy Setup: Transitioning to CureMD’s services is seamless and cost-effective. Comprehensive support is provided during setup and training at no extra charge.

CureMD Pricing Plans

CureMD is eager to assist you in finding the best options for your practice. They request that you share your details, and their team will reach out to discuss pricing options tailored to your needs. With over 123,000 users nationwide, CureMD offers an intelligent cloud solution without requiring end-user installation. Their services include free hosting, training, upgrades, support, maintenance, and guarantees for MIPS, Meaningful Use, and ICD-10 compliance.

Key Takeaway

Selecting the right medical billing outsourcing company is crucial for the success of your healthcare practice. These top medical billing companies can significantly reduce administrative burdens and improve cash flow. Medical billing outsourcing gives you access to expert knowledge and advanced technologies that enhance efficiency. 

A reliable partner can also help minimize claim denials and ensure timely payments. Take the time to assess your options and find a company that aligns with your specific needs. Remember, the right choice will streamline your billing processes and allow you to focus more on patient care.

Want the best among the top medical billing outsourcing companies that we mentioned? Look no further than Pearl Talent, where our expert team is dedicated to optimizing your billing processes. Fill out our hire form today to learn how we can enhance your revenue cycle and support your practice’s growth.

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