For over 13 years, Kareo has been providing an integrated and comprehensive set of tools for medical providers. It started as a medical billing and practice management vendor but gradually transitioned into a leading EHR software for small to mid-sized practices. Now, after selling its revenue cycle management business to a third-party, the company is all geared-up to focus on the innovation of the Health IT software space.
Their medical billing system provides robust patient scheduling tools, such as collection processing, delinquent account management, patient document storage, insurance confirmation, customized reports, and many more to assist medical staff in verifying insurance claims quickly.
Kareo additionally offers an in-built messaging functionality that enables healthcare practices to communicate effectively with their patients, billers, and employees. Physicians can schedule and review appointments, send appointment reminders, and reduce the chances of no-shows. Other useful billing features include document management, billing analytics, advanced claims processing, and agenda planning.
Kareo Billing Software Pricing: Pricing varies according to the practice role. For physicians, Kareo billing is $320/month. For non-physicians, it comes out to $160/month.
Kareo Pros: The software attracts multiple medical specialty practices by offering its high first-pass approval rate and affordable pricing. Kareo’s Organized Worklist (OWL) effectively deals with denied claims to review, resubmit, and revise claims to secure reimbursements for the practice.
Kareo Cons: It now uses third-party billers to offer revenue cycle management services to its clients. This policy is intended to strengthen the company’s collaborations with medical billing vendors, but the impact it will have on the quality of service is still unknown.