Hawai‘i Pathologists’ Laboratory’s (HPL)
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Ineffective Operations: Outdated technology and internal mismanagement hampered efficiency.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.
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:
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- 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.