Case Study: a dermatology practice boosts collections and cuts AR with AnnexMed

Dermatology Practice boosts collections 28% in 90 days with AnnexMed

A dermatology practice was struggling with significant revenue cycle management issues despite having a steady stream of patients. Their in-house billing department was overwhelmed, leading to high staff turnover, slow collections, untouched claims, and a pile-up of denials. They partnered with AnnexMed to test a performance-based RCM partnership model instead of traditional fixed fees.

AnnexMed implemented a comprehensive solution that rebuilt the practice's entire revenue cycle. This included applying accurate coding protocols, creating pre-visit eligibility workflows, designing daily billing batches, and taking full ownership of charge entry. As a result, the practice saw a 28% increase in collections and a 41% drop in AR over 90 days, while achieving over 35% in cost savings. AnnexMed delivered these measurable results through its performance-based partnership.

Dermatology Practice