Therabill is a fascinating medical billing software that features a single and straightforward license pricing. The medical billing is priced at $149 per provider per month. 

Therabill is ranked high among medical billing systems partially because of its low-cost price rating. The medical billing software has a low-cost rating of 1 out of 5. We evaluated the cost rating with our expert medical software cost rating system where 1= low cost and 5 = high cost. 

The medical software company prides itself on no hidden costs, but is that true? Would you have other costs associated with Therabill? Read on for our price research! 

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Highlights: 

• Therabill has a single license plan that is priced at $149 per provider per month.
• The medical billing software has a cost eating of 1 (low-cost). Onboarding and online training costs are included in the price. 
• Therabill offers a hidden discount when integrated with WebPT, their parent company. We can help get a custom quote for your practice, don’t hesitate to contact us. 

What is the Real Therabill Implementation Cost?

Therabill has a simple license pricing and costs, as already mentioned in this content. However, that does not mean that no other cost will be incurred directly or indirectly using this medical billing software. 

Other costs would consist of your Therabill total cost of ownership (TCO), which we think is vital for you to know. 

Below we will list these costs and also provide you with a sample example of how you can calculate the Therabill total cost of ownership for your practice.

• One-time Setup Cost — Setting up Therabill for your practice usage.
• Extra Attachment Storage Space — Extra attachment storage space cost in case you exceed allocated space. 
• Data Migration Cost — Cost for migrating from previous medical billing software to Therabill
• Training Cost — Cost of extra training sessions. 
• Third-party Integration Cost — Cost for credit card processing or third-party payment gateway setup (Novera and Club Automation).. 
• Third-party Credit Card Usage Fee — Cost incurred for each transaction by credit card services or termed interchange fee. 

Cost of Therabill — Breakdown

We will be straightforward with the Therabills associated costs explanation from our price research. 

The costs, as mentioned earlier, are to be expected when you choose this software and use it over time. Below we will explain these costs in details: 

Cost of License

Therabill has a single and straightforward license pricing. The medical billing license price is $149 per provider per month. 

The license cost and pricing model is always the first point of attention from clinics before deciding on a medical system. This means that you shouldn’t ignore its costs in your cost estimation.

One-time Setup Cost 

Setup costs are also called implementation and customization costs. Some practices typically charge this cost, while others provide this service for free. 

However, Therabill charges a one-time setup cost of $199 for setting up Therabill for your practice usage. It doesn’t matter your practice size, and this cost would cover its setup and onboarding. 

Extra Attachment Storage Space 

Attachment is very vital to practices using medical billing software. Keeping patient records for easy access and retrieval is a non-negotiable option for all practices.

Therabill offers a free 2GB storage which comes with your license cost. But what if, after transferring your patient’s data or over the years or months during usage, you exceed this limit? Surely you’ll need additional attachment storage, and that would come at a cost. 

Even though Therabill didn’t provide any official pricing for this, it is expected to cost about $100 for an extra 2GB storage space. 

Data Migration Cost 

Data migration cost is vital for practices that are not just starting new. If your practice has been existing and you want to switch to Therabill, you should consider the cost of data transfer.

For a medium-sized practice with about 10,000 patient data records to transfer, the average industry cost for this is $2,500. 

Training Cost 

Training is vital whenever you’re moving your practice from its previous medical billing software to another. 

Therabill is easy to use, and there is no implementation training cost charged. However, as your practice grows, you might need to add new providers or staff to your team, and you’d need extra training sessions to get them up and running: this is where the cost of training shows up.

The industry price for 3 to 4 training sessions is about $1500, and this cost should be calculated as part of your TCO if you think you’ll need it. 

Third-Party Integration Cost 

If you’re interested in using Therabill, you should know an integration cost to be incurred during the credit card processing setup (Novera and Club Automation). 

Therabill doesn’t provide this setup service as mentioned in their platform. You might need to get a professional to handle it for your practice. However, third-party integrations like this should cost about $2500. 

Third-party Credit Card Usage Fee 

Though Therabill doesn’t directly charge this, it is also a cost worth considering. 

Credit card merchants like Novera and Club Automation partnered with Therabill have a license/usage cost that users need to pay to use their payment gateway. 

Novera has a starting license cost of $19.95 + %2.99 per month, while there is no public pricing information for Club Automation. 

Also, note that there is an interchange fee that might be charged by credit card companies like MasterCard and Visa. 

Therabill Total Cost of Ownership Examples

As promised, below are Therabills’ total cost of ownership examples which can help you calculate the expected cost for your practice. 

• Small Sized Practice: Small clinics that has about 1-5 providers would likely incur a Therabill TCO of $149 per provider per month + $199 one-time setup cost + $100 extra attachment storage if you’ll need it + $500 for about 1k practice records data migration +  $500 for 1-2 extra training sessions you might need +  $2500 for third-party payment gateway integration/setup + $19.95 + %2.99 per month for Novera payment gateway fee + interexchange card fees.   
• Medium Sized Practice: Medium-sized clinics that have about 5-10 providers would likely incur a Therabill TCO of $149 per provider per month + $199 one-time setup cost + $100 extra attachment storage if you need it + $2500 for about 10k practice records data migration +  $1500 for 3-4 extra training sessions you might need +  $2500 for third-party payment gateway integration/setup + $39.95 per month for Novera payment gateway fee + interchange card fees.   
• Large Sized Practice: Large-sized clinics that has about 50+ providers would likely incur a Therabill TCO of $149 per provider per month + $199 one-time setup cost + $300 extra attachment storage if you’ll need it + $10,000 for about 100k practice records data migration +  $2500 for 5-7 extra training sessions you might need +  $2500 for third-party payment gateway integration/setup + $99.95 per month for Novera payment gateway fee + interchange card fees.   

Therabill Vs. Alternatives

Therabill features an average license pricing when compared with its alternatives. The medical billing software is priced at $149 per provider per month. Its closest alternatives like DrsMagic has a license pricing starting at $85 per user per month, AdvancedMD with a starting license pricing of $549 per provider per month, RXNT with a license starting price of $65 per provider per month, and NextGen with a license price starting at $549 per provider per month. 

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Therabill FAQ

What’s Next?

Like we mentioned earlier, Therabill is another excellent medical billing system that is especially helpful to all sizes of medical practices. If you’re interested in using this medical billing software, we‌ ‌can‌ ‌connect you with industry experts who can provide you with customized quotes for your practice.