Lab and Path

Hawai‘i Pathologists’ Laboratory’s (HPL)

$110k
Annual Savings from Streamlines Practice Operations
17%
Profitable Business Growth
$300k
Savings from Eliminating Unprofitable Business Lines

Overview

This case study details how Coronis Health transformed Hawai‘i Pathologists’ Laboratory’s (HPL) operations, leading to significant cost savings and improved practice management.

Problem

HPL previously managed billing in-house with inefficient technology and external partners. This led to:

Ineffective Operations: Outdated technology and internal mismanagement hampered efficiency.

Lack of Transparency: Communication and financial analysis were lacking amongst staff and physicians.

Unprofitable Business Lines: Unidentified, unprofitable business lines drained resources.

HPL

Solution

Coronis Health implemented a multi-phase approach:

Comprehensive Review: Coronis Health assessed HPL’s current operations and identified areas for improvement.

RCM Outsourcing: HPL outsourced billing and collections to Coronis Health for streamlined management.

Practice Management Consulting: Coronis Health’s president became HPL’s consulting practice manager, focusing on:

    • Operational Revamp: Optimizing workflows and processes within HPL.
    • Transparency Restoration: Reestablishing open communication and financial analysis.
    • Financial Refocus: Prioritizing regular financial distribution and analysis.
    • Compliance Improvement: Implementing and communicating compliance policies.

Results

The collaboration between Coronis Health and HPL yielded outstanding results:

Annual Savings: HPL achieved $300,000 in annual savings through streamlined operations and eliminating unprofitable business lines.

Improved Efficiency: Streamlined billing and collections processes led to increased efficiency.

Enhanced Transparency: Reestablished communication and financial analysis fostered greater trust.

Stronger Compliance: Improved compliance policies and communication mitigated risks.

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