Financial and Strategic Planning Client Projects

Baptist Memorial Healthcare Corporation

Baptist Memorial Health Care Corporation, a 15 hospital system with headquarters in Memphis, TN collaborates with hospital CFOs through StrataJazz. The organization's CFOs use StrataJazz to develop long range strategic financial plans for their facilities which ultimately become their individualized budget targets. The organization employs both a top-down and bottom-up approach to forecasting where both global and facility targets are encapsulated in the forecast. Two members of the finance team with a range of responsibilities outside of forecasting can support the financial planning process for the system with moderate effort. Baptist Memorial Health Care also uses StrataJazz for operating budgeting so the operating budget can become a driver of the strategic financial forecast.

Legacy Health

Legacy Health, a 5 hospital system headquartered in Portland, OR leverages its finance and budget teams with StrataJazz. Like many organizations, Legacy has had to keep a tight grip on resources, including staffing. These constraints have applied to all areas of the organization and especially the finance and budget teams. StrataJazz is integrated with Legacy's financial systems so the forecast can be updated with limited human finance resources on demand. Data is uploaded automatically so time is spent on incorporating important insights into the financial forecast. Legacy uses the ten-year forecasts produced by StrataJazz to project its balance sheet position and plan cash flows and capital limits to ensure it maintains strong ratios. These projections are also used in demonstrating Legacy's financial plans to various rating agencies, financial institutions and Legacy's board of directors.

Mountain States Health Alliance

Mountain States Health Alliance, a 15 hospital system located in Johnson City, TN with hospitals throughout Tennessee and Virginia uses StrataJazz to support its growth plans. The strategic financial plan is used to identify areas of potential growth so the organization can take advantage of opportunities in a timely manner. Senior leadership uses the forecast to not only set targets for the operating budget process, but to determine the impact of potential acquisition opportunities. StrataJazz supports incremental financial analysis so the organization can evaluate opportunities independently or in the context of the organization.