AI TOOL PROFILE
OpenPM: Medical Billing and Claims Management Software
- Healthcare
- Billing and Invoicing
- Independent medical practices
- Revenue Cycle Management (RCM) companies
- Enterprise ambulatory practices
- Medical billers
Pricing
Subscription pricing starts at $150 per month for practices and $50 per month per client for RCM companies.
At a glance
- Best for
- Independent medical practices, Revenue Cycle Management (RCM) companies, Enterprise ambulatory practices, Medical billers
- Key use cases
- Medical Billing Automation, Multi-Practice RCM Management, Patient Digital Engagement, Financial Performance Tracking
- Official website
- Visit openpracticesolutions official website
How AI is used
OpenPM is a cloud-based medical billing and claims management system designed for independent medical practices and RCM companies. It is browser-based, meaning no local installations or manual updates are required.
The software focuses on the revenue cycle, offering tools for EDI/ERA posting and automated accounts receivable. It includes patient-facing features such as a web portal for payments and registration, as well as a tool for estimating out-of-pocket costs to support compliance with the No Surprises Act.
For RCM companies, the platform supports managing multiple clients through a single login. It also provides reporting and analytics to track financial performance and efficiency.
Buyers should confirm how the software integrates with their specific EMR/EHR provider and verify if the available AI assistance fits their current staff training levels.
Key Features
Automated Accounts Receivable
Supports the automation of A/R management and follow-up routines to help manage collections.
Real-time Claim Status
Provides instant updates on claim status to help reduce manual phone calls to payers.
Patient Online Portal (POPS)
A web-based portal where patients can schedule appointments, register, and pay bills.
EDI/ERA Posting
Supports electronic submission of claims and posting of transactions.
Patient Responsibility Estimator
Helps provide patients with pre-service out-of-pocket estimates.
Rules-Based Scheduling
Supports the customization of patient flow and daily scheduling.
AI Assistance Workflow
An AI agent that provides answers and guidance based on system documentation.
Use Cases
Medical Billing Automation
Using rules and automated jobs to handle routine revenue cycle tasks and focus on exceptions.
Multi-Practice RCM Management
Managing billing functions for multiple independent clients from a single administrative login.
Patient Digital Engagement
Sending billing statements via email or text and allowing payment through a secure web portal.
Financial Performance Tracking
Using analytics and reporting to monitor organizational efficiency and cash flow.
FAQ
Who is OpenPM designed for?
- It is designed for independent medical practices, enterprise ambulatory practices, and Revenue Cycle Management (RCM) companies.
How is the software accessed?
- OpenPM is browser-based and can be accessed from any secure browser on any device without requiring downloads.
What are the starting costs for OpenPM?
- Monthly subscriptions start at $150 for practices and $50 per client for RCM companies.
Does OpenPM have security certifications?
- Yes, it holds AICPA SOC I Type 2, SOC II Type 2, and HITRUST e1 certifications.
Source category: Healthcare
Source subcategory: Billing & Invoicing
More tools in Healthcare
Other published listings in the Healthcare category.
More tools in the Billing and Invoicing software type
Related listings that share the same software type for comparison and shortlisting.
