Capital and Equipment Planning Client Projects
Duke University Health System
Duke University Health System uses Strata Decision Technology's financial and capital planning systems to ensure it achieves its financial goals through a period of significant expansion. With several very large and capital intensive initiatives underway, Duke uses SDT's capital planning system to aggregate and prioritize their extensive capital needs, ensuring that both the routine and strategic needs are optimally being met through this expansion phase. Duke also uses SDT's capital tracking tools to monitor the commitment and spend against these capital initiatives and to keep senior management and key stakeholders informed throughout the year.
Intermountain Healthcare
As a nationally recognized health system known for setting and achieving high standards for clinical and organizational quality outcomes, Intermountain Healthcare uses StrataJazz to create a data-driven and systematic approach for managing and tracking its extensive capital needs. Creating system-wide standards for justifying and analyzing capital requests, StrataJazz allows Intermountain to identify the capital initiatives that will optimally align with their strategic and quality objectives. StrataJazz also allows Intermountain to control and monitor the funding of the approved capital initiatives, and adjust as needed based on financial and operational results.
Legacy Health
Legacy Health, a 5 hospital system based in Portland, OR, uses Strata Decision Technology's capital planning system to plan for and control both their long term and short term capital needs. Using a standardized and systematic approach for analyzing capital, department managers are required to submit their expected capital needs for the next three years for any project over $100,000. This gives Legacy the clarity and time they need to effectively plan for its major capital needs over the next several years. On a shorter term basis, Legacy employs a quarterly evaluation process through SDT's capital planning tools to review and approve the funding for all capital. Legacy feels this combination of long-term planning and shorter-term control is a critical component to achieving their operational and financial goals.
Norton Healthcare
Norton Healthcare, a 5 hospital system based in Louisville, KY, uses StrataJazz to create an integrated
process for operational, financial, and capital planning. StrataJazz operating budgeting gives them the flexibility they require to control certain assumptions from a system level while also
effectively engaging department managers at a local level. StrataJazz financial planning allows Norton to understand and evaluate their financial goals and risks over the long term, which has been
especially critical given the opening of a new hospital in 2009 and more capital expansion in 2010. StrataJazz capital planning and tracking allows Norton to strategically manage the capital
requirements of the entire system, from equipment replacement needs to managing their infrastructure investments. Being able to meet all of these planning needs through a single, integrated planning
platform in StrataJazz allows Norton to create system wide standards for planning and decision making and make sure their operational, financial and capital decisions are aligned.
Like most healthcare providers, Orlando Health found itself facing extreme financial and operational pressure when the economic turmoil hit in late 2008. Orlando Health used Strata Decision Technology's capital planning and tracking solutions to re-prioritize capital needs and identify projects that met their updated clinical, mission and financial goals. Orlando Health also redesigned their process for releasing capital dollars and approving requisitions, creating a structure with both more control and more visibility. The result: a continual process for reassessing their capital approval and funding requirements, and Orlando Health looks at Strata Decision Technology's capital system as a critical component to this dynamic approach.
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