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Top 10 Best Revenue Cycle Management (RCM) Companies

CareCloud has put together a list of leading Revenue Cycle Management companies aiding healthcare practice revenues and operational streamlining. They provide their expertise on denying claims, fast payments, and reduced administrative work. By engaging such RCM specialists, practices can focus on patient care and enhancing their financial performance.

10 Best Revenue Cycle Managment Platforms

A smooth workflow of revenue cycle management is crucial for all healthcare units that aim to optimize their financial performance and patient care. The following list highlights top RCM software , that are recognized for their innovative solutions and industry expertise.
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List of the Top Healthcare RCM Companies

  • CareCloud:
  • Best for small to large medical practices and multi-specialty clinics.
  • R1 RCM:
  • Best for healthcare practices, health systems, and large physician groups.
  • DrChrono:
  • Best for small to medium-sized practices, especially in primary care and specialty clinics.
  • Tebra:
  • Best for independent practices and small healthcare providers.
  • Athenahealth:
  • Best for large practices, health systems, and hospitals.
  • AdvancedMD:
  • Best for independent practices and midsize healthcare organizations.
  • NextGen:
  • Best for ambulatory practices and specialty clinics.
  • eClinicalWorks:
  • Best for large hospitals and multi-specialty practices.
  • Waystar:
  • Best for hospitals, health systems, and large physician groups.
  • Change Healthcare:
  • Best for hospitals, health systems, and large physician groups.
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CareCloud

CareCloud, formerly known as MTBC and was founded in 1999. CareCloud is a leading healthcare technology company that is committed to modernizing medicine with the help of integrating AI into their services. CareCloud serves medical practices, health systems and billing services to vast healthcare organizations across the United States.
CareCloud is empowering healthcare providers with a strong focus on innovation, interoperability, and user-friendly design with their comprehensive suite of digital health solutions that optimizes administrative and clinical workflows. CareCloud offers end-to-end Revenue Cycle Management solutions that are essential to modern medical practices. These services are designed specifically to maximize collections, minimize denials, and improve overall financial efficiency.

Headquarter: Somerset, New Jersey

Services & Solutions:

  • Revenue Cycle Management (RCM)
  • Electronic Health Records (EHRs)
  • Practice Management
  • Patient Experience Management
  • Telehealth Solutions

Core Features:

  • Cloud-based platform with real-time analytics
  • Integrated billing and scheduling systems
  • Customizable dashboards for performance tracking
  • Automated claims processing
  • Patient engagement tools

3.6 / 5.0

3.6 / 5.0

R1 RCM Logo

R1 RCM

R1 RCM, founded in 2003, was originally launched under the name Accretive Health. R1 RCM is top U.S.-based healthcare company that has its name in end-to-end revenue cycle management (RCM) solutions for medical practices, health systems, and physician groups. It has an employee force of approximately 30,000 people worldwide.

R1 RCM offers several RCM services that are designed to optimize financial performance and enhance patient experiences that includes end-to-end RCM solutions which are created to handle patient registration, financial clearance, charge capture, billing and denial management respectively

Headquarter: Murray, Utah

Services & Solutions:

  • End-to-End Revenue Cycle Management
  • Patient Access Services
  • Revenue Integrity Solutions
  • Outsourced Coding Services
  • Analytics and Reporting

Core Features:

  • AI-driven workflow automation
  • Comprehensive denial management
  • Real-time eligibility verification
  • Integrated patient payment solutions
  • Customizable reporting tools

3.6 / 5.0

4.1 / 5.0

DRChrono Logo

DrChrono

Founded in 2009, DrChrono is an American company operating in the healthcare technology space. It is known for providing an all-in-one solution with features for RCM. DrChrono capabilities also has medical billing, insurance claims submission, coding support, denial tracking, and a patient payment portal, ensuring accurate reimbursements and minimal revenue leakage.
Its cloud-based architecture allows the platform to easily integrate existing practice management systems, resulting in workflow efficiency for healthcare providers of any size. Advanced analytics in DrChrono provide real-time views into financial performance and promise practices the opportunity to optimize revenue cycles and make decisions based on evidence.
Headquarter: Sunnyvale, California

Services & Solutions:

  • Revenue Cycle Management (RCM)
  • Electronic Health Records (EHRs)
  • Practice Management
  • Medical Billing Services
  • Telehealth Integration

Core Features:

  • iPad and iPhone-compatible EHR system
  • Customizable medical forms
  • Real-time eligibility checks
  • Integrated billing and scheduling
  • E-prescribing capabilities

4.2 / 5.0

4.4 / 5.0

Tebra Logo

Tebra

Tebra is a well-known name in the U.S-based healthcare companies and was founded in 2021 through the combination of Kareo and PatientPop. Tebra rose to fame within a very short time and offers an integrated platform that combines revenue cycle management (RCM) solutions. They serve over 150,000 healthcare providers across the United States getting a huge chunk of total healthcare providers to their name.
Comprehensive RCM capabilities are included in the framework that are essential in streamlining the operations from patient admissions till the collection of payment. Tebra’s integrated solution therefore leaves no room for multiple software vendors by reducing administrative complexity while improving data consistency and workflow efficiency across all aspects of healthcare practice management.

Headquarter: Newport Beach, California

Services & Solutions:

  • Practice Management
  • Electronic Health Records (EHR)
  • Revenue Cycle Management (RCM)
  • Patient Engagement Tools
  • Telehealth Services

Core Features:

  • Cloud-based platform with seamless EHR integration
  • Real-time claim tracking
  • Detailed financial reporting
  • Online scheduling and appointment reminders
  • Patient payment processing

4.1 / 5.0

3.9 / 5.0

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AthenaHealth

AthenaHealth, founded in 1997, has established itself as a leading force in the healthcare technology landscape by pioneering a cloud-native approach to healthcare services delivery. Unlike traditional on-premise software solutions, the company’s cloud-based infrastructure enables healthcare providers to access their systems from anywhere with an internet connection, while ensuring automatic updates, enhanced security, and reduced IT maintenance burdens for medical practices.
The cornerstone of Athenahealth’s offering is AthenaOne, an innovative platform that breaks down the traditional silos between different healthcare management systems. By seamlessly integrating RCM into a unified interface, AthenaOne eliminates the need for providers to toggle between multiple software applications, reducing workflow disruptions and minimizing the potential for data entry errors or communication gaps.
Headquarter: Boston, Massachusetts

Services & Solutions:

  • Revenue Cycle Management
  • Electronic Health Records (EHR)
  • Patient Engagement
  • Population Health Management
  • Telehealth Services

Core Features:

  • Cloud-based platform with interoperability
  • Automated billing and claims management
  • Real-time analytics and reporting
  • Integrated patient communication tools
  • Customizable workflows

3.6 / 5.0

4.3 / 5.0

AdvanceMD logo

AdvancedMD

AdvancedMD was founded in 1999, a healthcare technology company, specializes in providing independent medical practices with a range of cloud-based healthcare solutions. AdvancedMD serves approximately 65,000 healthcare professionals nationwide, supporting 900 medical billing groups and over 14,000 clinics.
This extensive reach makes the company a major provider of healthcare technology solutions, helping medical practices streamline operations and improve patient care across diverse healthcare settings.
Headquarter: South Jordan, Utah

Services & Solutions:

  • Practice Management
  • Electronic Health Records (EHR)
  • Revenue Cycle Management (RCM)
  • Telemedicine Integration
  • Patient Experience Tools

Core Features:

  • Cloud-based platform with mobile access
  • Automated appointment reminders
  • Integrated billing and coding
  • Customizable reporting dashboards
  • Patient portal for engagement

3.6 / 5.0

4.1 / 5.0

NextGen Logo

NextGen

Another well-known health information technology business in the US is NextGen Healthcare, which was established in 1973. NextGen Healthcare stands as a prominent player in the healthcare technology sector, serving an extensive and diverse client base that spans the entire healthcare ecosystem.

From solo practitioners and small family clinics to large multi-specialty group practices, hospital systems, and integrated health networks, the company has positioned itself as a versatile solution provider capable of scaling its offerings to meet varying organizational needs and complexities.

Headquarter: Irvine, California

Services & Solutions:

  • Electronic Health Records (EHR)
  • Practice Management
  • Revenue Cycle Management (RCM)
  • Patient Engagement
  • Population Health Solutions

Core Features:

  • Integrated EHR and billing systems
  • Real-time analytics and reporting
  • Customizable templates and workflows
  • Telehealth capabilities
  • Patient portal for communication

3.7 / 5.0

3.9 / 5.0

eClinicalWorks logo

eClinicalWorks

eClinicalWorks, founded in 1999, is one of the biggest service providers for healthcare technology in the US. The purpose of eClinicalWorks RCM services is to streamline billing procedures, improve financial results, and reduce administrative workloads for medical practitioners.
By automating complex billing processes, accelerating payment cycles, and providing dedicated support teams, the platform enables healthcare providers to focus more on patient care while enhancing cash flow and reducing operational costs.
Headquarter: Westborough, Massachusetts

Services & Solutions:

  • Electronic Health Records (EHR)
  • Practice Management
  • Revenue Cycle Management (RCM)
  • Population Health Management
  • Telehealth Services

Core Features:

  • Cloud-based platform with mobile access
  • Integrated billing and scheduling
  • Real-time claim adjudication
  • Customizable reporting tools
  • Patient engagement solutions

4.5 / 5.0

3.3 / 5.0

WayStar logo

Waystar

Waystar, formed in 2017 from the combination of Navicure and ZirMed, provides a single platform to help healthcare providers improve administrative and financial procedures. Waystar is a major healthcare technology business that specializes in cloud-based revenue cycle management (RCM) solutions.
Waystar has become a major healthcare technology company that services over a million healthcare providers nationwide. Operating at massive scale, it processes more than 2.5 billion healthcare payment transactions annually, handling billions of dollars in medical payments and playing a crucial role in the nation’s healthcare financial infrastructure.
Headquarter: Louisville, Kentucky

Services & Solutions:

  • Revenue Cycle Management
  • Patient Financial Clearance
  • Denial Management
  • Analytics and Reporting
  • Interoperability Solutions

Core Features:

  • Cloud-based platform with AI-driven analytics
  • Real-time eligibility verification
  • Automated claims processing
  • Customizable dashboards
  • Integrated patient payment solutions

4.2 / 5.0

4.3 / 5.0

Change Healthcare Logo

Change Healthcare

Change Healthcare, founded in 2007, a subsidiary of UnitedHealth Group’s Optum division since 2022. Change Healthcare is a notable healthcare technology business that specializes in revenue cycle management (RCM) solutions with a comprehensive suite of RCM services aimed at streamlining administrative processes, improving financial performance, and increasing patient engagement.
Change Healthcare’s RCM solutions provide comprehensive end-to-end financial tools covering patient registration, eligibility verification, automated claims processing with real-time tracking, and efficient denial management to improve cash flow. The platform also enhances the patient’s financial experience through online bill pay and transparent statements, streamlining the entire revenue cycle process while reducing administrative burden and accelerating reimbursements for healthcare providers.

Headquarter: Louisville, Kentucky

Services & Solutions:

  • Claims and Payment Solutions
  • Revenue Cycle Optimization
  • Eligibility Verification
  • Denial and Audit Management
  • Data-Driven Insights

Core Features:

  • Advanced AI
  • Blockchain
  • Predictive Modeling
  • Optimized Revenue
  • Payment Accuracy

4.0 / 5.0

4.0 / 5.0

Why CareCloud is the Best RCM Partner You Can Choose

Choosing CareCloud means partnering with a revenue cycle management leader that combines cutting-edge automation with hands-on expertise to deliver measurable results. We don’t just provide software; we become your dedicated revenue team, taking full ownership of your billing processes while you focus on patient care. With proven technology and personalized support, CareCloud transforms your revenue cycle from an administrative burden into a growth engine that scales with your practice.
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The Future of Revenue Cycle Management

Today’s evolving healthcare environment demands efficient, scalable, and intelligent revenue cycle management systems that can adapt to increasing complexity. Leading RCM providers like CareCloud, R1 RCM, Athenahealth, and NextGen Healthcare demonstrate a shared commitment to harnessing advanced technology for streamlining financial operations, enhancing patient satisfaction, and delivering sustainable revenue growth. These industry pioneers prove that the future of healthcare finance lies in intelligent automation, seamless integration, and data-driven insights that empower organizations to thrive in an increasingly competitive marketplace

Frequently Asked Questions 

What CareCloud offer as a Revenue Cycle Management (RCM) company?
CareCloud provides comprehensive revenue cycle management services including medical billing, claims processing, denial management, and patient collections through their cloud-based platform with automated workflows and real-time analytics. Our services help healthcare providers increase collections, reduce administrative burdens, and focus on patient care while CareCloud handles all billing complexities.
Choosing the right RCM company depends on your practice size, specialty experience, and technology integration needs. Evaluate providers based on their experience with your specialty’s coding and compliance requirements, transparent pricing, proven performance metrics like collection rates, and quality customer service. Request references from similar practices, review contract terms, and ensure their platform integrates with your existing EHR system while meeting your budget and growth goals.
CareCloud’s RCM improves revenue by reducing claim denials through optimized coding, accelerating payment cycles with faster claims processing and follow-up, and increasing collection rates through efficient patient collections and denial management. Their real-time analytics identify revenue opportunities while automated workflows reduce billing errors and administrative costs, resulting in improved cash flow and overall financial performance for medical practices.
Yes, CareCloud’s RCM solution is suitable for both small and large practices through its scalable cloud-based platform. Small practices benefit from cost-effective medical billing services without in-house staff, while large practices access advanced analytics and multi-location support, with flexible pricing and customizable features that adapt to any practice size and specialty requirements.
CareCloud differentiates itself by combining advanced cloud technology with dedicated human expertise, providing real-time analytics and transparent reporting for complete revenue cycle visibility. Their integrated platform offers comprehensive practice management beyond just billing, with dedicated account managers and performance-based pricing that aligns their success with client outcomes.

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Best Revenue Cycle Management Companies

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