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MHA 601 AU Increasing Revenue of Cornerstone Diagnostics Paper

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MHA 601

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Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS

Increasing Revenue of Cornerstone Diagnostics

Naomi P. Maloban

MHA601: Principles of Health Care and Administration

Martha Plant

September 30, 2019

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Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS

EXECUTIVE SUMMARY

PROJECT

TOPIC

Increasing Revenue of Cornerstone Diagnostics

PREPARED BY

DATE

Naomi P. Maloban

September 29, 2019

OVERVIEW OF

THE

ORGANIZA

TION

• Every year it serves 30 % of Americans around the United States.

• Mission and Vision: The Company inspires people to become

responsible to their health outcomes. They strive to improve health

care through continuous innovation of highly sophisticated clinical

laboratory tests.

• The Diagnostics provides a broad range of opportunities for over

44,000 employees.

IDENTIFIED KEY

PROBLEMS

• There is an absence of a systematic way to monitor CPT code and

Service code.

• Manual translation of service code to CPT code and vice versa

leading to a raw data.

SOLUTIONS

AND

MEASURAB

LE PROJECT

GOALS

Utilization of centralized software

• Goal 1: To reduce Analysis turn-around time using the software

by 90%.

• Goal 2: To set up the tool to other sites within six months.

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Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS 1 Increasing Revenue of Cornerstone Diagnostics Naomi P. Maloban MHA601: Principles of Health Care and Administration Martha Plant September 30, 2019 Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS 2 EXECUTIVE SUMMARY Increasing Revenue of Cornerstone Diagnostics PROJECT TOPIC Naomi P. Maloban PREPARED BY DATE OVERVIEW OF THE ORGANIZA TION September 29, 2019 • Every year it serves 30 % of Americans around the United States. • Mission and Vision: The Company inspires people to become responsible to their health outcomes. They strive to improve health care through continuous innovation of highly sophisticated clinical laboratory tests. • The Diagnostics provides a broad range of opportunities for over 44,000 employees. IDENTIFIED KEY PROBLEMS • There is an absence of a systematic way to monitor CPT code and Service code. • Manual translation of service code to CPT code and vice versa leading to a raw data. SOLUTIONS AND MEASURAB LE PROJECT GOALS Utilization of centralized software • Goal 1: To reduce Analysis turn-around time using the software by 90%. • Goal 2: To set up the tool to other sites within six months. Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS 3 • Goal 3: To monitor any changes of CPT code and service code every end of the fiscal year. Implementation of the web-based tool • Goal 1: To reduce manual translation within three months. ...
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Tags: Health Care and Administration health outcomes CPT Code service code Cornerstone Diagnostics