Best Medical Accounting Software of 2024

Why we picked it: Striven offers reliable accounting software within its full medical practice management solution. In giving Striven the best overall category for medical accounting software, we’ve taken into consideration the fact that it’s a complete accounting and practice management solution within a single product, the pricing is transparent and reasonable, and it’s suitable for practices ranging in size from very small to enterprise.

You may note, however, that we’ve given it only a 3.5-star rating. Strictly as accounting software, Striven falls short in a few notable areas: It requires manual reconciliation of transactions while most competitors offer that as an automated capability, and it lacks both direct integrations with outside software as well as a mobile app.

That said, the software is mobile responsive and can be used on a variety of devices. And if you opt for Striven’s medical practice management solution, then you’ll have all the important tools available to you — billing, document management, expense tracking, insurance claims, marketing, patient portal and scheduling — and likely won’t need additional integrations. Striven’s accounting software will deliver on double-entry accounting and audit trails along with the ability to customize both your chart of accounts and your financial dashboard for tracking invoices and transactions.

Why we picked it: Cliniko is a global practice management software solution with a variety of plan options ranging from a single-clinician practice to a large practice with hundreds of clinicians. In this way, it’s a great solution to grow with your medical practice. Its industry-specific features include customizable health records templates, appointment scheduling, invoicing and online payments as well as reporting. Plus, the company offers free 24/7 chat and email support.

Cliniko does not have a built-in accounting tool, but it does integrate with Xero, one of our top-rated accounting software products. Because it’s an integration, you will pay a monthly subscription fee for both Cliniko’s practice management software as well as Xero’s accounting software. The good news is that Xero comes packed with nearly the same robust set of accounting functions as QuickBooks Online, but Xero offers more affordable plans.

One unique quality that helps Cliniko stand out among other practice management software is its commitment to charitable organizations. The company donates 2% of all its subscriptions to a select group of charities. And if you run a charitable practice, you can subscribe for free to Cliniko’s software.

Why we picked it: Sage Intacct’s cloud accounting software is strong on automation features that speed up common accounting tasks, such as accounts payable and accounts receivable, and reduce risk of error. Unlike Striven’s accounting product, Sage Intacct will automatically reconcile your practice’s transactions. Taking that process one step further, Sage’s AI technology will also regularly scan transactions to alert you to anomalies that require extra attention.

Sage is confident enough in its HIPAA compliance processes that it’s open to entering into business associate contracts with eligible health care customers. This agreement essentially holds Sage legally accountable for properly safeguarding your patients’ PHI according to HIPAA regulations.

Why we picked it: NetSuite’s ERP software includes a complete accounting and financial management tool within its full suite of apps designed to be an end-to-end health care software solution. Relevant features beyond finance and forecasting include customer relationship management (CRM), business data and insights, and compliance and security. It is powerful software designed for large and enterprise-size businesses, and its quote-based pricing is sure to reflect that.

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