Case Study: a two-location dermatology practice in Philadelphia recovers $386K in underpaid claims with AnnexMed

Two-location Dermatology Practice in Philadelphia recovers $386K in 6 weeks with AnnexMed

A two-location dermatology practice in Philadelphia was unknowingly losing revenue due to a recurring pattern of payer underpayments on high-volume procedures. Their in-house team lacked the resources to identify these underpayments, leading to significant revenue leakage. They engaged AnnexMed for a comprehensive payment integrity audit to recover funds and prevent future losses.

AnnexMed performed a precision audit of six months of data, identified underpayments, and used data-driven appeals to recover funds. They also implemented automated tracking and provided staff training. As a result, AnnexMed recovered $386,000 in just six weeks, achieved a 98% appeal success rate, and reduced underpayments by 72%.