Free accounting software for small businesses. Invoicing, expense tracking, and reports at no cost. Paid add-ons for payroll and payments.
Comprehensive medical billing with full RCM services option, AI-powered analytics, and Global Payments integration for seamless revenue cycle management.
What It Is
Wave Accounting
Free accounting software for small businesses. Invoicing, expense tracking, and reports at no cost. Paid add-ons for payroll and payments.
AdvancedMD Medical Billing
Comprehensive medical billing with full RCM services option, AI-powered analytics, and Global Payments integration for seamless revenue cycle management.
Primary Category
analytics-reporting
billing-rcm-insurance
Primary Category
Wave Accounting
analytics-reporting
AdvancedMD Medical Billing
billing-rcm-insurance
Founded
Unknown
Unknown
Founded
Wave Accounting
Unknown
AdvancedMD Medical Billing
Unknown
Best For
Solo therapists wanting free bookkeeping; Budget-conscious practices; Simple accounting needs
Mid-size medical practices wanting comprehensive RCM; Multi-specialty groups seeking integrated EHR and billing; Practices wanting optional full-service billing outsourcing
Best For
Wave Accounting
Solo therapists wanting free bookkeeping; Budget-conscious practices; Simple accounting needs
AdvancedMD Medical Billing
Mid-size medical practices wanting comprehensive RCM; Multi-specialty groups seeking integrated EHR and billing; Practices wanting optional full-service billing outsourcing
Pricing
Starting Price
Free
Custom quote required
Starting Price
Wave Accounting
Free
AdvancedMD Medical Billing
Custom quote required
Pricing Model
freemium
Flat monthly
Pricing Model
Wave Accounting
freemium
AdvancedMD Medical Billing
Flat monthly
Free Trial
Free tier available
No free trial
Free Trial
Wave Accounting
Free tier available
AdvancedMD Medical Billing
No free trial
Pricing Details
Core accounting is 100% free. Paid add-ons optional.
PM + Billing starts around $429/month per provider. Full RCM outsourcing 4-8% of collections. Bundle discounts available.
Pricing Details
Wave Accounting
Core accounting is 100% free. Paid add-ons optional.
AdvancedMD Medical Billing
PM + Billing starts around $429/month per provider. Full RCM outsourcing 4-8% of collections. Bundle discounts available.
Compliance & Security
HIPAA Compliant
No
Yes
HIPAA Compliant
Wave Accounting
No
AdvancedMD Medical Billing
Yes
BAA Available
No
Yes
BAA Available
Wave Accounting
No
AdvancedMD Medical Billing
Yes
SOC 2 Certified
Unknown
Yes
SOC 2 Certified
Wave Accounting
Unknown
AdvancedMD Medical Billing
Yes
HITRUST Certified
Unknown
Yes
HITRUST Certified
Wave Accounting
Unknown
AdvancedMD Medical Billing
Yes
Features
Mobile App
Yes
Yes
Mobile App
Wave Accounting
Yes
AdvancedMD Medical Billing
Yes
Mental Health Specific
No
No
Mental Health Specific
Wave Accounting
No
AdvancedMD Medical Billing
No
Integrations
Total Integrations
None listed
3 integrations
Total Integrations
Wave Accounting
None listed
AdvancedMD Medical Billing
3 integrations
Clearinghouse
None
None
Clearinghouse
Wave Accounting
None
AdvancedMD Medical Billing
None
Billing Features
Claims Submission
No
No
Claims Submission
Wave Accounting
No
AdvancedMD Medical Billing
No
Eligibility Verification
No
No
Eligibility Verification
Wave Accounting
No
AdvancedMD Medical Billing
No
ERA Processing
No
No
ERA Processing
Wave Accounting
No
AdvancedMD Medical Billing
No
Support & Fit
Practice Sizes
Solo, Small (2-10)
Small (2-10), Medium (11-50), Large (51-200)
Practice Sizes
Wave Accounting
Solo, Small (2-10)
AdvancedMD Medical Billing
Small (2-10), Medium (11-50), Large (51-200)
Customer Base
Unknown
Unknown
Customer Base
Wave Accounting
Unknown
AdvancedMD Medical Billing
Unknown
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