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MHA 601 AU Increasing Revenue of Cornerstone Diagnostics Paper

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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

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Running Head: INCREASING REVENUE OF CORNERSTONE DIAGNOSTICS
2
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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