5+ Best Accounting Software for Healthcare and Medical Practices

Image of author Nick Cotter
Newfoundr
accounting software for healthcare
March 13, 2023
-
10
min read

Accounting tasks are an essential part of running a successful healthcare or medical practice. From tracking finances to managing accounts payable, the right accounting software can help streamline processes, make operations more efficient, and provide real-time insights into your practice’s financial performance. To help make your search for the best accounting software for healthcare and medical practices easier, we’ve compiled a list of our top five solutions with key features and benefits to help you make the best choice for your business.

Who is the best Accounting Software For Healthcare?

The Best Accounting Software For Healthcare of 2023:

Here’s our shortlist of the best accounting software for healthcare I'm ranking through our extensive research and use:

  1. Zoho Books
  2. Sage Intacct
  3. FreshBooks
  4. AccountEdge
  5. Acumatica

Our Review of the Best Accounting Software For Healthcare:

Here is our list of the best accounting software for healthcare:

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Zoho Books

Newfoundrz's Software Review:
Image of full star review ratingImage of full star review ratingImage of full star review ratingImage of half a star review rating
4.3
out of 5

Zoho Books is a cloud-based accounting software that provides features such as invoicing, expense tracking, and inventory management. It is aimed at small businesses and includes integrations with various other business tools.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Inventory management
  • Financial reporting
  • User-friendly interface with customizable templates
  • Robust inventory and project management
  • Powerful bank reconciliation and payment processing
  • Limited mobile app capabilities
  • Some users may find the interface too cluttered or confusing
  • Limited customization options for certain features
Pricing for Zoho Books starts at $0/month and moves up to $240/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$240/month
  • Shopify
  • Salesforce
  • HubSpot
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Sage Intacct

Newfoundrz's Software Review:
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4.2
out of 5

Sage Intacct is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Order management
  • Revenue management
  • Project accounting
  • Efficient financial management and reporting for mid-sized businesses
  • Advanced order and revenue management
  • Powerful vendor and project management
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited integration options with other software
Pricing for Sage Intacct starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Expensify
  • Stripe
  • Slack
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FreshBooks

Newfoundrz's Software Review:
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4.2
out of 5

FreshBooks is an accounting software that includes invoicing, time tracking, and project management features, primarily aimed at freelancers and small businesses. It is cloud-based and offers mobile apps for iOS and Android.

  • Invoicing
  • Invoicing
  • Time tracking
  • Project management
  • Estimates and proposals
  • Time-saving automation of invoicing and payment processing
  • Easy time tracking and project management
  • Simplified tax preparation
  • Higher pricing for advanced features and multi-user support
  • Limited customization options for invoices and reports
  • Limited integration options with other software
Pricing for FreshBooks starts at $17/month and moves up to $55/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$17/month
Pricing Plan 2:
$55/month
  • Shopify
  • Trello
  • Mailchimp
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AccountEdge

Newfoundrz's Software Review:
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4
out of 5

AccountEdge is desktop accounting software aimed at small businesses. It includes features such as payroll and inventory management, along with various other accounting features.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Payroll
  • Comprehensive accounting and financial management
  • Advanced inventory and payroll management
  • Powerful time billing and reporting
  • Limited cloud-based capabilities and mobile access
  • Limited integration options with other software
  • Higher pricing for advanced features and multi-user support
Pricing for AccountEdge starts at $15/month and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$15/month
Pricing Plan 2:
Custom
  • Bill.com
  • Microsoft Office 365
  • HubSpot
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Acumatica

Newfoundrz's Software Review:
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4.2
out of 5

Acumatica is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project accounting
  • Unified platform for financial, inventory, and order management
  • Robust project and CRM management
  • Flexible and scalable customization
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited customer support options for some plans
Pricing for Acumatica starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Dropbox
  • Zapier
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Featured Partners:
QuickBooks
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Software Rankings:
Disclaimer:
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Important Features to Look For in Accounting Software For Healthcare:

Accounting Software For Healthcare Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Zoho Books true $0/month $240/month
Sage Intacct true Custom Custom
FreshBooks true $17/month $55/month
AccountEdge true $15/month Custom
Acumatica true Custom Custom

Accounting Software For Healthcare Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Zoho Books 4 4.5 4.5 4.3
Sage Intacct 4 4.5 4 4.2
FreshBooks 4.5 4 4 4.2
AccountEdge 4 4 4 4
Acumatica 4.3 4.3 4 4.2

Can healthcare and medical practices benefit from using accounting software?

Can healthcare and medical practices benefit from using QuickBooks?

What are the primary benefits of utilizing accounting software for healthcare businesses and how can it improve financial management?

Can you provide information on the cost of accounting software designed for healthcare providers, and what features does it offer for managing patient billing, insurance claims, or medical expenses?

Factors we use to Rank Accounting Software For Healthcare:

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