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Tools/Compare

TheraNest Billing vs Waystar Claims Management

Show:
Detail:
Attribute
Billing

TheraNest Billing

Ensora Health (formerly Therapy Brands)

Billing

Waystar Claims Management

Waystar

TheraNest Billing
Waystar Claims Management
Key Differencesat a glance
TheraNest Billing:Purpose-built for mental health
Waystar Claims Management:More integrations (7)

Overview

Tool Name
TheraNest Billing
Waystar Claims Management
Tool Name
TheraNest Billing
TheraNest Billing
Waystar Claims Management
Waystar Claims Management
What It Is
Mental health practice management with tiered billing options from self-service to managed RCM, now part of Ensora Health's behavioral health portfolio.
Enterprise claims management module with AI-powered scrubbing, real-time status tracking, and automated denial workflows processing $3T+ annually.
What It Is
TheraNest Billing
Mental health practice management with tiered billing options from self-service to managed RCM, now part of Ensora Health's behavioral health portfolio.
Waystar Claims Management
Enterprise claims management module with AI-powered scrubbing, real-time status tracking, and automated denial workflows processing $3T+ annually.
Primary Category
billing-rcm-insurance
billing-rcm-insurance
Primary Category
TheraNest Billing
billing-rcm-insurance
Waystar Claims Management
billing-rcm-insurance
Founded
Unknown
Unknown
Founded
TheraNest Billing
Unknown
Waystar Claims Management
Unknown
Best For
Mental health practices wanting flexible billing options; Small to mid-size therapy practices seeking affordable plans; Group practices needing client-based pricing model
Large healthcare organizations needing enterprise-scale claims processing; Health systems requiring real-time claims status across payers; Organizations seeking AI-powered claim scrubbing and optimization
Best For
TheraNest Billing
Mental health practices wanting flexible billing options; Small to mid-size therapy practices seeking affordable plans; Group practices needing client-based pricing model
Waystar Claims Management
Large healthcare organizations needing enterprise-scale claims processing; Health systems requiring real-time claims status across payers; Organizations seeking AI-powered claim scrubbing and optimization

Pricing

Starting Price
Contact for pricing
Custom quote required
Starting Price
TheraNest Billing
Contact for pricing
Waystar Claims Management
Custom quote required
Pricing Model
Flat monthly
enterprise-custom
Pricing Model
TheraNest Billing
Flat monthly
Waystar Claims Management
enterprise-custom
Free Trial
No free trial
No free trial
Free Trial
TheraNest Billing
No free trial
Waystar Claims Management
No free trial
Pricing Details
Client-based pricing from $39-$91/month. Self-service billing included. Managed Billing available at 5-7% of collections.
Enterprise pricing based on claim volume and modules. Typically $200-800/month for smaller practices, custom pricing for large organizations.
Pricing Details
TheraNest Billing
Client-based pricing from $39-$91/month. Self-service billing included. Managed Billing available at 5-7% of collections.
Waystar Claims Management
Enterprise pricing based on claim volume and modules. Typically $200-800/month for smaller practices, custom pricing for large organizations.

Compliance & Security

HIPAA Compliant
Yes
Yes
HIPAA Compliant
TheraNest Billing
Yes
Waystar Claims Management
Yes
BAA Available
Yes
Yes
BAA Available
TheraNest Billing
Yes
Waystar Claims Management
Yes
SOC 2 Certified
Yes
Yes
SOC 2 Certified
TheraNest Billing
Yes
Waystar Claims Management
Yes
HITRUST Certified
No
Yes
HITRUST Certified
TheraNest Billing
No
Waystar Claims Management
Yes

Features

Mobile App
Yes
Yes
Mobile App
TheraNest Billing
Yes
Waystar Claims Management
Yes
Mental Health Specific
Yes
No
Mental Health Specific
TheraNest Billing
Yes
Waystar Claims Management
No

Integrations

Total Integrations
3 integrations
7 integrations
Total Integrations
TheraNest Billing
3 integrations
Waystar Claims Management
7 integrations
Clearinghouse
None
None
Clearinghouse
TheraNest Billing
None
Waystar Claims Management
None

Billing Features

Claims Submission
No
No
Claims Submission
TheraNest Billing
No
Waystar Claims Management
No
Eligibility Verification
No
No
Eligibility Verification
TheraNest Billing
No
Waystar Claims Management
No
ERA Processing
No
No
ERA Processing
TheraNest Billing
No
Waystar Claims Management
No

Support & Fit

Practice Sizes
Solo, Small (2-10), Medium (11-50)
Medium (11-50), Large (51-200), Enterprise (200+)
Practice Sizes
TheraNest Billing
Solo, Small (2-10), Medium (11-50)
Waystar Claims Management
Medium (11-50), Large (51-200), Enterprise (200+)
Customer Base
Unknown
Unknown
Customer Base
TheraNest Billing
Unknown
Waystar Claims Management
Unknown

Ready to Get Started?

Visit these tools to learn more or request a personalized demo.

Try TheraNest Billing
Try Waystar Claims Management
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TheraNest Billing
Waystar Claims Management