1
Phycon, Inc.
Oklahoma City, Oklahoma, United States
Con Inc is a Medical billing company specializing in Emergency Department and Urgent Care billing
- Revenue
- $3.3M
- Year founded
- 1986
- Team size
- 42
Top 10 Medical Billing Software Companies With $1M–$5M Revenue (August 2026)
As of August 2026, Latka tracks 10 medical billing software companies with $1M–$5M in annual revenue. They have combined revenues of $20.2M and employ 194 people. They have raised $18.7M.
Every company below sells medical billing software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Medical Billing Software Companies do
Medical billing software is a comprehensive solution designed to facilitate the billing and revenue cycle management processes within healthcare organizations. It automates various administrative tasks, including patient record management, insurance claim submission, and payment processing, ensuring accuracy and efficiency in billing operations. The primary use cases for medical billing software include managing claims from submission to payment, tracking unpaid claims, and generating financial reports. Typical features of these systems encompass claims management, payment tracking, compliance with regulations, and reporting capabilities. Users of medical billing software include healthcare providers, billing specialists, and finance departments within medical practices and hospitals.
- Companies
- 10
- Revenue
- $20.2M
- Funding
- $18.7M
- Employees
- 194
Filters
Sorting: Highest -> Lowest
Top Medical Billing Software Companies With $1M–$5M Revenue
Showing 10 of 10 companies ranked by annual revenue.
2
PatientPay Inc.
Durham, North Carolina, United States
Provider of patient billing and payment system created to deliver products and services designed for today's healthcare needs. The company develops a cloud-based patient billing and payment platform that automatically posts those payments to the proper balances in user system, just like your insurance payments, collect more payments and eliminate the time-consuming and manual steps without disrupting workflow, offering patients a simple way to manage their healthcare-related financial obligations.
- Revenue
- $2.9M
- Year founded
- 2008
- Funding
- $18.7M
- Team size
- 20
3
Maverick Medical AI
Tel Aviv, Tel Aviv, Israel
Maverick Medical AI revolutionizes the medical coding industry with its cutting-edge, autonomous platform. The first autonomous coding solution to break the 85% Direct to Bill barrier while utilizing the power of deep learning AI and the largest database of any solution on the market, it expertly navigates across...
- Revenue
- $2.9M
- Year founded
- 2018
- Team size
- 26
4
Billiyo Health Inc.
Minneapolis, Minnesota, United States
Billiyo empowers today's Post-Acute care providers with the management and operational support they need to make lives thrive. The Billiyo platform is an all-in-one solution that ties together medical billing, business operation, clinical documentation, real-time communication and automation in a secure, compliant and affordable cloud based system. Developed from the ground up for Post-Acute care.
- Revenue
- $2.8M
- Year founded
- 2014
- Team size
- 25
5
NikoHealth
Middletown, New Jersey, United States
HME | DME software NikoHealth is a cutting-edge all-in-one business processes automation solution for home medical equipment providers. Intuitive billing and claims processing streamlines order intake; improved scheduling and delivery processes, documentation flow management, simple end-to-end inventory control; ultimately reducing costs and revenue increasing.
- Revenue
- $2M
- Year founded
- 2018
- Team size
- 18
6
PractiSynergy
Des Moines, Iowa, United States
A medical billing, coding and consulting company partnering with health care providers to maximize reimbursement
- Revenue
- $1.7M
- Year founded
- 1986
- Team size
- 15
7
MedoSync
United States
The MedoSync platform delivers a tailored healthcare service to the patient. We remove friction by seamlessly providing the correct information to all the major stakeholders in the healthcare system. Providers can instantly view the level of care that a patient's insurance plan covers. Medical billing is automated and secured on our private distributed ledger allowing real-time billing information to be submitted improving cash flow and reducing time to payments. Our platform removes the billing complexities between all participating stakeholders. Insurers gain access to valuable data about their customer's health and demographics allowing them to tailor new plans based on the data collected. This allows them to gain valuable insights into new and innovative markets that are currently not being catered for. Insurers can also tailor healthcare packages to reduce expensive and avoidable hospital admissions to the customers with the highest admission risk, resulting in cost savings. Our platform is fully GDPR compliant because we only provide the appropriate information to the parties that need it via our distributed ledger public/private fundamental security model.
- Revenue
- $1.3M
- Year founded
- 2018
- Team size
- 12
8
CoreCare
New York, New York, United States
Making it easy for healthcare providers to collect payments
- Revenue
- $1.3M
- Year founded
- 2020
- Team size
- 20
9
EMR-Bear, LLC
Santa Fe, New Mexico, United States
EMR-Bear is a cloud-based electronic health record, practice management, medical billing and tele-health portal designed specifically for behavioral healthcare, social services, and non-emergency medical transportation. It is currently in use across the United States to manage and bill for a wide range of services including out-patient therapy, psychiatric services and medication management, substance abuse treatment, treatment foster care and adoption services, comprehensive community support services, behavior management services, community-based educational and mentoring programs, respite services, and more. EMR-Bear is developed by our software development arm, Tigerilla LLC, which specializes in agile software development.
- Revenue
- $1.2M
- Year founded
- 2008
- Team size
- 11
- Revenue
- $1M
- Year founded
- 2024
- Team size
- 5
Frequently asked questions about Medical Billing Software Companies With $1M–$5M Revenue
How many medical billing software companies with $1M–$5M in annual revenue are there?
Latka tracks 10 medical billing software companies with $1M–$5M in annual revenue. Together they generate $20.2M in annual revenue and employ 194 people.
Which medical billing software company with $1M–$5M in annual revenue is the largest?
Phycon, Inc. is the largest, with $3.3M in annual revenue, founded in 1986.
How much revenue does a typical medical billing software company with $1M–$5M in annual revenue make?
The average medical billing software company in this list makes $2M a year, across 10 companies with reported revenue.
Who are the leading Medical Billing software vendors with $1M–$5M in annual revenue?
Ranked by annual revenue, the leaders are Phycon, Inc., PatientPay Inc., Maverick Medical AI, Billiyo Health Inc. and NikoHealth.
How much funding have medical billing software companies with $1M–$5M in annual revenue raised?
The 10 medical billing software companies with $1M–$5M in annual revenue tracked here have raised $18.7M in disclosed funding between them.
Related Vertical Industry Software categories
Inclusion Criteria
- Must streamline the medical billing process through automation. - Should include features for claims management and payment tracking. - Must support integration with Electronic Health Record (EHR) systems. - Should provide reporting and analytics capabilities to assess financial performance. - Not just for billing; must also facilitate compliance with healthcare regulations.