Core Insights - Nextech is showcasing enhancements to its revenue cycle management (RCM) platform at the AAD Annual Meeting, emphasizing its role in reducing denied claims and increasing reimbursement for specialty providers [1][4]. Group 1: Company Overview - Nextech is a leader in healthcare technology and practice management solutions, focusing on specialty providers since 1997 [5]. - The company serves over 16,000 physicians and more than 60,000 office staff across various clinical specialties, including dermatology, med spa, ophthalmology, orthopedics, and plastic surgery [5]. Group 2: RCM Solutions - Nextech's RCM services are designed to address the complexities of managing a practice's revenue cycle, particularly in light of rising claim denials and evolving payer requirements [2]. - The RCM platform is fully integrated within Nextech's specialty-specific system and offers customizable services tailored to individual practice needs, such as collections for unpaid patient responsibilities and patient payment plans [3]. Group 3: Industry Challenges - The increase in insurance claim denials has led to significant challenges for providers, impacting cash flow and creating operational inefficiencies [2]. - Nextech RCM aims to alleviate these challenges by streamlining billing workflows and reducing administrative burdens, allowing providers to focus on patient care [2].