Top 5 Medical Billing Companies in 2024

Finding the best medical billing company is essential, but with hundreds of services promising results, identifying the true leaders is challenging. That's why we've compiled this definitive guide to the top medical billing companies in the USA.

We have judged different top-rated medical billing companies on their expertise and provider experiences across the entire revenue cycle, from coding and claims to denial management and reporting.

This guide helps match practices with the billing partner that's right for their needs. Outsourcing billing to the experts profiled here allows you to focus on patients while optimized revenue cycle management drives practice growth.

1. BellMedEx — Best full-service medical billing company

BellMedEx’s customized billing service gets claims fully paid the first time. Dedicated by specialty, our experts chase every claim, knowing how to code and bill to guarantee proper reimbursement. Our tailored approach, proven results, fair pricing, and responsive service makes us the top medical billing company in the USA.

When it comes to the best medical billing companies, BellMedEx is in a league of its own.

Slow and reduced claim reimbursements have long plagued healthcare providers, but BellMedEx solves this problem through their diligent work ethic and specialized expertise.

Although BellMedEx works as your outsourced billing partner, providers never feel disconnected. Our company works closely with each client as an in-house partner would. We assign dedicated account managers to every specialty, ensuring that each provider's unique needs are met. Our account managers relentlessly chase down every claim, securing an astounding 97.35% claim acceptance rate on first submission.

But it's not just about fast payments. With BellMedEx’s revenue cycle management, providers see dramatic increases in collections, often as high as 30% or more. Numerous client testimonials validate these results. As one psychiatrist shared (source):

"I had over $20,000 in unreimbursed claims. BellMedEx recouped $10,000 - claims that my previous billing company couldn't resolve."

In addition to superb service, BellMedEx offers reasonable rates starting at just 2.49% of monthly collections. We utilize a pay-for-paid model, meaning providers only pay for successfully reimbursed claims. This instills confidence in BellMedEx’s ability to collect.

For providers looking to switch billing companies, BellMedEx offers free consultations to assess their needs and provide demos. Clicking the “Talk to an expert” button on our website schedules a 30-minute consultation call to ask questions, get medical billing help, and see live demonstrations of our billing mastery.

With a 4.8-star Google rating from 350+ verified practices, BellMedEx’s client satisfaction score calculates to an amazing 96%.

Our team of certified CMRS, RHIA, and CPB medical billers and coders prove BellMedEx has the qualifications needed to expertly handle billing for every specialty. And our proprietary clearinghouse and Medifusion billing software optimize efficiency. Clients even receive free audits to identify areas for revenue growth.

Beyond billing, BellMedEx assists with provider enrollment in lucrative payer networks. Our specialty-specific approach, honed over a decade of experience, ensures maximum reimbursement even from complex claims. We also appeal denials and follow up until our healthcare providers get the fair compensation they deserve.

Overall, BellMedEx is a powerhouse of medical billing excellence. Our premium services and unparalleled dedication to practices make us a top choice in the industry. With expertise in billing and revenue cycle management, we are simply unbeatable. For providers seeking a partner who feels like family, BellMedEx is the only name you need to know.

2. Kareo — Best for billing automation

As a next-gen medical billing provider, Kareo caters to modern, independent practices through smart software instead of manual processing. Their automation delivers efficiency for tech-savvy providers, but for those wanting hand-holding, Kareo may seem disconnected.

Kareo is a good medical billing company for healthcare centers that embrace technology over human insight. Unlike traditional billing companies that manually translate codes into claims and submit them, Kareo takes a modern, software-driven medical billing approach that's perfect for independent practices run by tech-savvy doctors.

Independent practices are solo or small group operations that are not part of a larger healthcare system. Kareo only serves these kinds of practices, allowing them to manage billing completely through software. For doctors who want to automate and streamline their billing, this is ideal. No more paper claims or billing staff needed!

Since its founding, Kareo has focused on software over human services. For those who prefer automation over personal interaction, this is a huge plus. However, some healthcare providers still want that human touch and one-on-one support. For them, Kareo's minimal human involvement could be seen as a drawback. Many doctors like having a dedicated billing manager to call, not just software.

That said, Kareo's focus on automation has clearly resonated with the healthcare market, with over 150,000 active users. For independent practices that love technology, Kareo is hands-down one of the top medical billing solutions available today.

3. CureMD — Best for billing performance

While CureMD hits the mark for practices looking to improve revenue cycle management and monitor performance, their services may leave some customers wanting more when it comes to claim follow up and appeals. Their focus leans more towards giving practices the tools and knowledge to maximize reimbursements rather than taking on full responsibility for chasing down claims.

CureMD is one of America's top medical billing companies for good reason. Their cloud-based medical billing software and services help healthcare providers maximize revenues while keeping close tabs on their practice's performance. Though not having a free-trial period like MediFusion Billing Software, CureMD's fully-featured platform offers robust reporting to track key metrics and identify issues before they become problems. This focus on data and analytics makes CureMD a great choice for practices looking to optimize operations.

Where CureMD falls short is in providing white-glove billing services. They have experts available by phone, email and chat, but lack hands-on claim follow-up and appeals support. For practices wanting an engaged billing partner to fight for every dollar, CureMD is not the best fit. Their software strengths make them ideal for self-reliant practices, while their service limitations leave some customers wanting more hands-on help.

Overall, CureMD delivers excellence through cloud billing software and decent support. Tech-focused practices will appreciate their powerful analytics, while service-oriented groups may want more billing TLC. For the right type of healthcare provider, CureMD is easily one of America's top medical technology partners. Their software helps maximize revenues, even if their service offerings come up a bit short for practices wanting more dedicated claim management.

4. AthenaHealth — Best for patient data security

AthenaHealth's seniority gives them unmatched experience providing full-scale EHR, billing, and practice management systems to large hospitals and practices. Though much complex for smaller groups, their security and support impress.

AthenaHealth is probably one of the oldest medical billing companies to date. With years of expertise behind them, they've become a go-to for large hospitals and practices needing an all-in-one electronic records, billing, and practice management solution.

However, AthenaHealth's exhaustive features don't jive well with smaller providers. The many screens and clicks needed to document patient visits slows physicians down, making it less ideal for doctors with heavy patient loads. Also, while AthenaHealth's strict security protocols are important for HIPAA compliance, the repeated logins throughout the day disrupt workflow.

Yet what AthenaHealth lacks in usability, they compensate for in robust security and compliance. Their systems aim to protect patient data and avoid costly penalties. With cyberattacks on healthcare rising, many providers accept some inconvenience for AthenaHealth's security standards. And despite usability drawbacks, the value of bundled billing, records, and practice management merits consideration.

AthenaHealth's support stands apart too. Their assistance is responsive, skilled, and professional. Though not ideal for smaller groups, AthenaHealth remains a top pick for large organizations. For those seeking complete billing, records, and practice management with rock-solid security, AthenaHealth delivers.

5. CareCloud — Best for cloud-based billing

CareCloud boosts revenue cycles through fast and correct claim filings. Intelligent protocols and clearinghouse avert blunders. However, the pricing is too steep for certain customers. And flexibility lacks for large hospitals. Regardless, CareCloud stands among the best medical billing companies.

CareCloud offers cloud-based solutions to improve medical practice operations. The leading healthcare tech company serves over 40,000 providers. Its premier practice management software, billing services, and optimization tools enhance workflows.

At its heart, CareCloud has robust billing teams. They extend providers' staff by maximizing reimbursements and minimizing claim rejections. This improves financial health. Providers choose self-service or full-service models. CareCloud also quickly submits claims through its clearinghouse. Its CollectiveIQ rules avoid expensive billing mistakes. Real-time reporting enables financial transparency. In addition, CareCloud integrates with practice management and scheduling systems.

CareCloud excels for outpatient and ambulatory practices. But some limitations exist. It may not suit hospitals or large systems as well. Some practice management software lacks flexibility. Pricing runs high for large providers. Some users report long customer response times. Occasional software glitches hamper use. Still, CareCloud remains a top choice for growing organizations wanting cloud-based solutions.

Still Confused?

We understand providers want to partner with the best medical billing services company. But when uncertainty lingers over the best fit, take advantage of free medical billing consultations. Certain companies, BellMedEx for example, offer a free billing demo and bonus audit reports. You're able to ask questions, share concerns, and see their process. Ultimately, you can better decide if a company fits your needs.