Rolling Forecasting Client Projects

Eastern Maine Healthcare

Eastern Maine Healthcare Systems (EMHS), a seven hospital system headquartered near Bangor, Maine with facilities geographically spread throughout Maine, uses StrataJazz to connect all 31 of its member organizations to the system's goals. Hospital and business line CFOs use StrataJazz to collaborate with EMHS' centralized corporate finance. Forecasts are updated quarterly so the organization can maintain a global view of risk and opportunity. System governance relies on the forecasts to shape its strategic response to market conditions. Internally, the organization's senior leadership team uses the forecasts to increase accountability for achieving the objectives of the system. EMHS is also on the cusp of implementing an innovative approach to tracking actual performance against projected financial performance so they can learn from past forecasting efforts within StrataJazz.

Henry Ford Wyandotte Hospital

Wyandotte Hospital, a community hospital in the suburbs of Detroit leverages StrataJazz to anticipate the effect of macro-economic trends on financial performance. As the Michigan economy has continued to decline, Wyandotte Hospital's CFO has had the responsibility of understanding the impact on the hospital's operations. StrataJazz is integrated with the organization's financial systems so forecasts of profitability and cash position can be updated on demand. The latest operating results are revised within StrataJazz each month so the areas of largest risk and opportunity can be evaluated and communicated to Henry Ford Health System.

Spectrum Health

Spectrum Health is a not-for-profit health system in West Michigan that offers a full continuum of care through the Spectrum Health Hospital Group, a collection of seven hospitals and more than 140 service sites; the Spectrum Health Medical Group, mmpc ® and West Michigan Heart-physician groups totaling more than 400 providers; and Priority Health, a health plan with 580,000 members. Spectrum Health's 16,000 employees, 1,500 medical staff members and 2,200 volunteers are committed to delivering the highest quality care. The organization provided $79.4 million in community benefit during its 2009 fiscal year. As a system, Spectrum Health has earned more than 100 awards since it was formed in 1997.