Strata Decision Technology

Strata Decision Technology
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Strata Decision is a pioneer and leader in the development of innovative SaaS solutions for financial analytics, business intelligence and decision support. Our solutions are used by over 1,000 healthcare organizations, including many of the largest and most influential healthcare systems in the U.S. We provide a single integrated platform for budgeting, decision support, forecasting, strategic planning, and capital, plus a full range of services, including implementation, integration & support.

Strata Decision Technology

 •  October 12

Annual Strata Decision Technology User’s Conference Provides Comprehensive Look at Best Practices in Healthcare Planning and Performance Aurora Health Care and CGH Medical Center Receive 2017 LEAP Awards “The never-ending changes in healthcare makes it mission critical for leaders in hospitals and health systems to create lift by developing new...

View original article here Health Care's Dirty Little Secret_Crain's Chicago Business As Dan Michelson sees it, few hospital executives know how much medical procedures actually cost. "The dirty little secret in health care is that everybody's flying blind," says Michelson, CEO of Strata Decision Technology. ​ He has a tool that is giving more and...

Strata Decision Technology

 •  September 29

View original article here View PDF : Fireside Chat with Advocate Healthcare's New CIO_Becker's Healthcare 9.29.2017 Strata Decision Technology CEO Dan Michelson recently sat down with Advocate Healthcare CIO Bobbie Byrne, MD, for a "fireside chat" on her views of current challenges, changing roles and consumerism in healthcare today. Dr. Byrne,...

Strata Decision Technology

 •  September 5

View original article here View PDF here Bundled payment models have posed new challenges and revealed gaps in financial knowledge that hospitals must address quickly to stay profitable in a value-based industry. Jennifer Ittner, director of continuous improvement at Strata Decision Technology, spoke with Becker's Hospital Review about hospitals'...

Ask 10 different healthcare professionals to define "cost," and their answers may surprise you.
That's because cost accounting in healthcare is increasingly about more than just the resources and capital spent to perform a medical procedure. As hospital systems begin to prepare for care delivery under value-based payment models, understanding their...

The health system's approach to delivering value to patients realizing cost-efficiency gains from consolidation, cost-cutting, and the deployment of a new performance-measurement methodology.
The leadership team at Yale-New Haven Health System, which operates four hospital campuses in Connecticut, is striving to make value a core cultural element...

BAPTIST HEALTH SAVED AN ESTIMATED $200,000 A YEAR FROM JUST ONE CHANGE DRIVEN BY ITS NEW DASHBOARDS.
The decision support team at Baptist Health, Little Rock, Ark., has implemented a new process combined with a self-service reporting tool to help service line leaders monitor their financial performance—and make quick decisions when needed.
“Our...

View original article here View PDF here Hospitals and health systems must react faster to the quickening pace of change in healthcare by innovating and adapting their business model - or they probably won’t survive. That cautionary note was the overall theme delivered by CFOs from Wake Forest Baptist Medical Center, the University of Virginia...

Decision Support System Leading To Cost Improvement Millions discovered in equipment and labor costs that are now accurately attributed to specific surgeries. By integrating case cost data with financial data in its decision support system, Augusta University Health System can now gain a clear picture of the true cost of a single patient case. This...

For years, leaders at RWJBarnabas Health, West Orange, N.J., relied on full-service contracts from equipment manufacturers to maintain their linear accelerators, robotic surgery systems, magnetic resonance imaging (MRI) scanners, and other critical equipment. However, such service came at a high price. In 2011, leaders decided to adopt a...