Yeah, bougs don't heal; they rot. The "wood" is basically sponge. Wounds don't roll over like they do and other species for the most part. I kind of like the way Adam Lavigne does it and carves it out, then burns it with a torch. If your rot is at ground level, you are almost better off to cut the whole thing off and plant it as a cutting. You can try regular 5:1 water/peroxide waterings like once a week or so. This should at least kill any existing fungus. Can I get a close-up of exactly where the issue is?