Dermatology Billing Services
Managing the billing process efficiently is key to maintaining the financial health of your dermatology practice. At 5 Star Billing Services, we specialize in dermatology billing and understand the unique challenges your practice faces. From navigating complex coding to ensuring accurate claim submissions, we handle it all with precision and expertise. By partnering with us, you can focus on providing excellent patient care while we optimize your revenue cycle and expedite reimbursements. Trust 5 Star to manage the details, so you can focus on what matters most. Visit our website for more information on our comprehensive dermatology billing services and how we can help boost your practice’s profitability.
Benefits
- Enhanced collections and income
- Quicker payments and reduced stress
- Round-the-clock access to your patient data and financial information
- Transparent insight into your revenue cycle
- Comprehensive financial and practice management reporting
- The assurance of professional billing management, leading to increased reimbursements and income
Comprehensive Dermatology Billing, Collections & Practice Management
- 5 Star provides a full suite of dermatology billing and collection services.
- An initial assessment of your practice and accounts receivable is included before moving forward.
- We simplify the process of getting started and are committed to ensuring you get paid!
- Our Certified Professional Coders guarantee maximum reimbursement.
- Our computer system and software are tailor-made for dermatologists.
- Our service includes patient input, statement generation, and follow-up.
- Comprehensive electronic claims and accounts receivable management are also part of our service.
We have the capability to manage multi-physician, multi-location practices, yet we’re small enough to provide the personalized attention your account deserves.
Areas of Expertise
- Dermatology Billing and Collections
- Proactive collection methods with insurance companies
- Ensuring maximum reimbursement for your services
- Outstanding customer service for both you and your patients
- Efficient information exchange between you & 5 Star
Claims are submitted electronically
- Certified Professional Coders on staff
- Remote access to all your patient’s data
- Ability to view patient balances and transaction history
- Comprehensive end-of-month reports
- Regular patient statements issued at least once a month
Receivables Management
- Medical coding
- Billing processes
- Relations with payers
- Engagement with patients
- Debt collection
- Client reporting mechanisms
- Analysis of fees
- Managed-care contracts management
Your Dermatology Billing Company
A dermatology billing company should enhance your reimbursements. Indeed, a dermatology billing service should be more proficient and effective at billing than your own office. A dermatology billing company should allow you and your staff to concentrate on practicing medicine. Whether you own a private practice, work in a hospital, or are part of a multi-provider facility, a dermatology billing service can make your practice more lucrative.
According to industry standards, a claims adjustment rate between 20% and 35% is deemed acceptable. However, at 5 Star, our account executives boast an average of eight years in dermatology billing, ensuring our adjustment rate is consistently lower—sometimes as low as 12% with Medicare. This expertise allows us to achieve AR rates for our practices that exceed the industry average, meaning you and your practice will experience a higher average return per processed claim.
5 Star Billing Services is more than just a claims processing center. We provide a multitude of benefits and billing services. Our cutting-edge billing system generates accurately-coded claims daily and submits them electronically, allowing for payments to be received in as little as ten days.
A Dermatology Billing Company Should Help Reduce Your Expenses
Our clients can significantly reduce their office expenses by utilizing our services and software – all that’s needed is a PC and internet access. Our all-inclusive practice management software is part of our standard service, with no costly updates or support fees. We offer a complete business solution to your medical billing and practice management needs at one competitive price, with no hidden costs or additional charges.
Our fee is below the national average, and our goal is to provide the highest return on your claims at a competitive price without compromising on service or patient support.