Multi-Location Dermatology Practice Improves Cash Flow, Gains Greater Control Over Billing Process and Boost Financial Results with Integrated Solution


Tired of struggling with archaic healthcare IT systems and a slow and unresponsive billing service, Universal Dermatology sought out a revenue cycle partner to help the growing practice boost financial results. In addition to streamlining their billing process, Universal Dermatology wanted a user-friendly, intuitive interface that provided visibility into accounts, billing, and revenue performance and the ability to create customized reports and dashboards.

cs-universal2
KEY CHALLENGES

Lack of Control, Transparency and Integration Drives the Need for Change


Lack of Revenue Cycle Visibility

Unable to create their own reports and dashboards in their current system, Universal Dermatology lacked visibility into the metrics and KPI’s necessary to make informed business decisions. The practice had little if any insight into their financial, administrative and clinical performance.

Lack of Financial Control

Under their current billing company, managing cash flow was nearly impossible. System errors and lack of communication with their billing company often resulted in late disbursements, making it difficult to keep up with payroll.

Lack of Integration

Universal Dermatology desperately needed to boost workflow efficiency in the practice and gain control over the practice’s revenue cycle performance. Not having a bi-directional bridge between their EHR and PM systems was costing her staff time and money – adding unnecessary paperwork and additional data entry tasks for their front desk staff.

“The most important result of moving to CareCloud is that we have taken control of our practice.”

Sara Pione, Practice Manager

KEY OUTCOMES

Faster Payments, Fewer Denials


Cash flow has improved tremendously for Universal Dermatology, with payments now coming directly to the practice every single day. With CareCloud, the practice has not only cut the time it takes to submit claims, they’re also getting more paid too. Now, only 4% of the practice’s claims are denied, a figure in line with top-performing practices. In addition, the practice now has a Revenue Realization Rate of 93%.

cs-universal1
More Visibility and Financial Control

Lack of transparency had been a major problem for Universal Dermatology, but the practice didn’t realize just how severe it was until they implemented CareCloud. Universal Dermatology realized that the billing company’s procedures they had been following for two years had resulted in a lack of payment from insurance companies. Working with CareCloud, the practice has implemented a new process and now has the visibility to identify and prevent future issues.

Opening New Offices and Adding New Services

Working with the CareCloud software and team has played a critical role in positioning Universal Dermatology for growth. In fact, Universal Dermatology is opening its largest office in 2016. And because the practice is operating much more efficiently, they are expanding services by bringing on a Mohs specialist for surgeries twice a month instead of referring patients elsewhere.

More Featured Customers


Take a look at what other customers have to say about their experience.

214x250 landing page image

Read the Universal Dermatology Case Study now to get their story and see if a more modern solution could help your practice achieve similar results.

CareCloud Platform

Whether you are a developer looking to connect the latest app on our modern, open platform or an innovative company looking to partner with us, we look forward to working with you!