What billrMD does

billrMD is a privately-held healthcare technology company headquartered in San Juan, Puerto Rico, that sells a web-based medical billing and practice management platform to physician practices, third-party billing companies, and independent diagnostic testing facilities (IDTFs). The platform combines scheduling, electronic claims submission with an integrated clearinghouse, electronic remittance advice (ERA), patient invoicing, credit card processing, custom reporting, automated appointment reminders, and role-based access control in a single browser-accessible SaaS environment. billrMD also offers the AltaPoint sub-brand, the billrMD Patient App for mobile patient engagement, a Real-Time Eligibility Verification module, and a Denials Analysis Tool.

The underlying technology is a cloud-native architecture with HIPAA-compliant security (256-bit SSL encryption, two-factor authentication, nightly encrypted backups) and no local installation requirement. The platform supports 73,000+ billing codes spanning ICD-10, CPT, and DSM-5 and reports a 99% first-pass claim acceptance rate. Integrations include the Availity clearinghouse for eligibility verification, plus bidirectional EHR interfaces with Practice Fusion and WebIMS. The company holds no disclosed patents, has no disclosed funding rounds, and operates with a disclosed headcount of approximately nine employees.

billrMD generates revenue through subscription SaaS contracts priced via a quote-based process tailored to practice size and needs, supplemented by a free introductory plan with no credit card required. Go-to-market combines a product-led self-serve funnel (free trial signup, online demo) with sales-assisted conversion for larger accounts, supported by content marketing, SEO, and listings on third-party software directories. Named reference customers are SMB providers such as Denton Vascular Lab; no enterprise health-system logos or concentration disclosures are visible.

Name

billrMD

Legal name

billrMD

Website

https://billrmd.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

billrMD is a Puerto Rico-based SaaS company selling web-based medical billing and practice management software to small and mid-sized physician practices, billing companies, and IDTFs, with integrated clearinghouse, EHR integrations, and a freemium-plus-quote pricing model.

Ownership category

akta.pro rank

Product category

Medical Billing & Practice Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Accounts Receivable (A/R) & Collections Management (HLACACAJ)

akta.pro secondary industries

Patient Billing, Statements & Payment Processing (HLACACAG), Charge Capture & Clinical Documentation Improvement (CDI) for Billing (HLACACAF)

Keywords

• Medical billing software
• Practice management software
• Revenue cycle management
• Healthcare clearinghouse
• HIPAA-compliant platform

Headquarters

HQ city

San Juan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription: billrMD operates as a subscription-based SaaS platform. Pricing is tailored to practice needs and delivered through a quote process. A complimentary introductory plan is available at no cost with no credit card required. The platform is designed to scale from small practices to multi-location groups, with plan expansion as practices grow.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

billrMD provides a web-based, cloud-hosted medical billing and practice management platform that integrates scheduling, electronic claims submission with an integrated clearinghouse, electronic remittance advice (ERA), patient invoicing, credit card processing, reporting, and appointment reminders. It targets medical practices, third-party billing companies, and independent diagnostic testing facilities (IDTFs)/labs across the United States.

Product overview

billrMD is a unified, web-based medical billing software and practice management platform designed for medical practices, billing companies, and diagnostic facilities. The core offering combines scheduling, claims submission, payment posting, patient billing, and financial reporting into a single integrated system. Key modules include: the Web-Based Practice Management Platform (the foundational system), Scheduling Module, Electronic Claims Submission with built-in clearinghouse and claim scrubbing, Electronic Remittance Advice (ERA) for automated payment posting, Patient Invoicing & Billing, Credit Card Processing, Reports & Analytics, Appointment Reminders, and Secure User Accounts. Additional offerings include the billrMD Patient App for mobile patient engagement, AltaPoint as a sub-brand, a Real-Time Eligibility Verification module, and a Denials Analysis Tool. The platform features a code library of 73,000+ billing codes across ICD-10, CPT, and DSM-5, supports both in-house and external billing workflows, and integrates with EHR systems including Practice Fusion and WebIMS.

Differentiator

Problem solved

Functional benefit

Brands

• AltaPoint: A product/brand mentioned on the billrMD website under the navigation menu. Described as a practice management software solution.

Products and services

• Web-Based Practice Management Platform A cloud-based practice management platform accessible from any internet-connected device without local installation, featuring HIPAA-compliant security, 256-bit SSL encryption, daily backups, and role-based access control for medical practices, billing companies, and labs.
• Scheduling Module Customizable scheduling with multiple user calendar views, drag-and-drop arrangement, and direct integration with billing workflows for medical practice staff.
• Electronic Claims Submission Electronic claims submission module with integrated clearinghouse for sending error-free claims to insurance companies and government payers, featuring automated scrubbing against 73,000+ ICD-10, CPT, and DSM-5 codes with a 99% first-pass acceptance rate.
• Electronic Remittance Advice (ERA) Module enabling health plans to send payments directly to the billing software for automated processing, with batch entry and single-session payment posting forms for billing staff.
• Patient Invoicing & Billing Customizable patient billing offering balance or ledger statement format options, practice logo branding, and multi-channel delivery via mail, email, fax, or text.
• Credit Card Processing Integrated payment processing through third-party processing partners enabling patients to pay via credit card, with payments automatically posted to patient accounts.
• Reports & Analytics Built-in custom and automated reports breaking down the entire revenue cycle, including A/R aging, denial trends, provider productivity, and collection rate metrics.
• Appointment Reminders Automated appointment reminders delivered via SMS, email, or voice message with customizable templates and pre-set delivery timing to reduce patient no-shows for medical practices.
• Secure User Accounts Multi-user account management with configurable data accessibility, role-based permissions, and task assignment while keeping PHI safe and workflows smooth.
• billrMD Patient App Mobile patient engagement application providing 24/7 secure access for patients to make payments, schedule appointments, and access essential services from anywhere.
• AltaPoint A separate practice management product/brand offered by billrMD for specific practice management or billing needs of healthcare providers.

Quantifiable outcome

• 60% reduction in A/R (accounts receivable)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature14 records

Partnerships

Two partnerships are on record, tiered core.

• AvailitycoreTechnology or IntegrationAvaility is the clearinghouse partner integrated into billrMD for real-time insurance eligibility verification. Through this integration, staff can send instant verification requests and view health plan details, copays, and deductible information directly within the platform.
• Practice FusioncoreTechnology or IntegrationPractice Fusion is an EHR platform with bidirectional integration to billrMD. This partnership allows practices to integrate scheduling, billing, and patient management into one unified platform, enabling automatic data flow between clinical documentation and billing workflows.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• DrChrono (by EverHealth): DrChrono offers a web-based EHR, practice management, and medical billing suite targeting small and specialty practices. It competes head-to-head with billrMD on integrated scheduling, claims submission, and patient engagement for independent providers.
• CareCloud: CareCloud provides cloud-based practice management, EHR, and revenue cycle management services for small-to-mid medical practices and medical groups. Its RCM focus, clearinghouse integration, and specialty practice segmentation make it a direct comparable to billrMD.
• Tebra (formerly Kareo): Tebra is a cloud-based medical practice management, EHR, and billing platform purpose-built for small and independent medical practices. It is the most direct competitor to billrMD given the overlapping product scope (scheduling, claims, patient billing) and shared target customer (small US practices).
• CureMD: CureMD delivers an integrated EHR, practice management, and medical billing solution with clearinghouse connectivity for practices of all sizes. It shares billrMD's emphasis on integrated scheduling, claims, and patient billing for ambulatory providers.
• CollaborateMD: CollaborateMD is a cloud-based medical billing and practice management software with an integrated clearinghouse, focused on small practices and billing companies. The feature overlap with billrMD (claim scrubbing, ERA, patient invoicing, scheduling) makes it a close direct competitor.

Others

• Availity: Availity is a healthcare clearinghouse and payer-provider collaboration platform that powers real-time eligibility verification for billrMD. It is included as an ecosystem partner/enabler rather than a direct competitor, but its strategic importance to billrMD's value proposition is high.

Broad incumbents

• AdvancedMD: AdvancedMD is an established cloud-based practice management, EHR, and RCM suite serving independent practices and billing companies. It is a broader incumbent with significantly more scale than billrMD, offering overlapping functionality in claims, scheduling, and patient engagement.
• eClinicalWorks: eClinicalWorks is a large established vendor of EHR, practice management, and patient engagement tools serving small through enterprise ambulatory practices. Its integrated billing and scheduling modules directly overlap with billrMD's offering.
• Athenahealth: Athenahealth provides a large-scale, networked EHR, practice management, and revenue cycle platform with its own clearinghouse. While much larger and serving enterprise customers, it competes for the same medical practice customers billrMD targets.
• NextGen Healthcare: NextGen offers an integrated EHR, practice management, and RCM platform for ambulatory practices of varying sizes. Its comprehensive RCM capabilities and specialty workflows make it a broad incumbent comparable to billrMD.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/billrmd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about billrMD