Case Study: Premier Dermatology boosts profitability and accelerates payments with CareCloud RCM and practice management

Premier Dermatology reduces days in A/R from 47 to 21 with CareCloud

Premier Dermatology, an award-winning dermatology practice, faced significant challenges with confusing and mismanaged billing from a third party, which led to tens of thousands of dollars in collections. They also struggled with the complexity of handling diverse copays and pre-paid packages, while high administrative overhead from complicated systems made it difficult to assess their financial performance. To address these issues, they turned to CareCloud for its practice management and revenue cycle management services.

CareCloud implemented its comprehensive PM and RCM services, which streamlined everything from insurance verification to coding and billing. This solution enabled Premier Dermatology to dramatically improve its financial operations. As a result, the practice reduced its days in accounts receivable from 47 to 21, increased its first pass resolution rate to 97%, and cut its service-to-payment time nearly in half, all while doubling its financial growth.

Premier Dermatology