Top Medical Accounting Software for 2024

TLDR:

Key points:

• Selecting accounting software for a medical practice: HIPAA compliance is crucial.
• Recommended software includes Striven, Cliniko, Sage Intacct, and NetSuite.

Best Medical Accounting Software of 2024

When it comes to selecting accounting software for a medical practice, the top priority is ensuring HIPAA compliance. Medical practices deal with PHI daily, making it essential to have software that can handle financial tasks while protecting patient information. QuickBooks Online and other popular accounting software options are not suitable for medical practices due to a lack of HIPAA compliance. The article recommends HIPAA-compliant accounting software solutions like Striven, Cliniko, Sage Intacct, and NetSuite.

Recommended Software:

1. Striven: Offers reliable accounting software as part of a complete practice management solution. Features include invoicing, document management, and a patient portal. Pricing is transparent and suits practices of all sizes.
2. Cliniko: A practice management software with customizable templates, appointment scheduling, and online payments. It integrates with Xero for accounting functions.
3. Sage Intacct: Strong on automation features like accounts payable/receivable, reconciliation, and alerting for transaction anomalies. Offers cloud-based HIPAA-compliant accounting software.
4. NetSuite: ERP software with a complete accounting tool suited for large, multioffice practices. Includes features like CRM, business data insights, and compliance/security.