Increasing your revenue one claim at a time....
Increasing your revenue one claim at a time....
Physician's Edge provides medical billing services to medical practices around the country for more than 25 years. One of our areas of expertise is in revenue cycle management for the Dermatology specialty.
The average rate of claim denials and resubmissions for Dermatology is 15%.* How much would your revenue increase if this rate was more like 2%?
*Source: According to Medscape's "Physicians Compensation Report 2020"
Dermatology requires comprehensive reporting on skin lesions, including number, size, and precise location, as well as detailed information on procedures. Many CPT codes used in dermatology are subject to multiple procedure rules, and an in-depth understanding of post-op periods is essential.
Furthermore, the dermatology industry is evol
Dermatology requires comprehensive reporting on skin lesions, including number, size, and precise location, as well as detailed information on procedures. Many CPT codes used in dermatology are subject to multiple procedure rules, and an in-depth understanding of post-op periods is essential.
Furthermore, the dermatology industry is evolving where most practices now offering cosmetic cash-based services. This requires different billing codes, processes, and technology for billing across different service types.
Combine all this, it is very important to partner with an experienced medical billing company with expertise in this industry, such as Physician’s Edge.
Our medical billing company significantly decreases your outstanding accounts payables by submitting claims quickly (within 48 hours) and reducing claim cycles. Approximately 90% of account receivables are collected in less than 60 days for our client partners.
Reduce your billing costs by lowering your operational costs since you no longer need to worry about doing all of your billing in-house. Did you know that the cost to hire in-house billing staff is much more costly than out-sourcing? When you hire in-house staff you have higher expenses such as salaries, vacation pay, training expenses
Reduce your billing costs by lowering your operational costs since you no longer need to worry about doing all of your billing in-house. Did you know that the cost to hire in-house billing staff is much more costly than out-sourcing? When you hire in-house staff you have higher expenses such as salaries, vacation pay, training expenses, employee benefits costs, and hardware/ software upgrades and support.
No more claim denials or rejections due to patient ineligibility, lack of medical necessity, and coding errors. We submit a clean claim the first time around.
Also, our aggressive management and follow-up on all denials, has provided an increase of 10% to 30% in collected revenue for our clients.
All our billing specialists are highly trained and up-to-date with the most recent coding regulations. Unlike some billing companies, we don't just rely on automated billing rule software to ensure coding is correct. We rely on our experienced staff as well. You no longer have to try and navigate the ever-changing coding regulations. We will keep your claims reporting compliant.
The amount of time that physicians have to spend on paperwork and administrative tasks is overwhelming. I know that you and your staff have better things to do with your time than worrying about medical billing. Your time is valuable and I am sure it would be better spent on providing excellent patient care.
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A few simple questions is all it takes. We'll show you an estimate of our service fee and an estimation of how much we can increase your revenue. What do you have to lose?