BASSETT HEALTHCARE NETWORK SELECTS STRATAJAZZ AS A COMPLETE FINANCIAL PLATFORM

Top-Rated Six-Hospital New York Health Network to Leverage StrataJazz to Drive Financial Performance

CHICAGO, IL, August 13, 2014 – Strata Decision Technology (Strata Decision), a pioneer and leader in the development of innovative software tools for financial analytics, business intelligence and decision support the U.S. healthcare market, today announced that Bassett Healthcare Network (Bassett) has selected the StrataJazz to help drive their financial performance.

Bassett, based in Cooperstown, NY, has been ranked as one of the top integrated health systems in the nation. Bassett is comprised of six hospitals, a large medical group, over 40 community and school-based health centers, two skilled nursing facilities, a home care network, and medical supply company. It is also a teaching hospital associated with Columbia University’s College of Physicians and Surgeons.  The New York Times recently referenced Bassett’s employed physician model as one that delivers high quality care at low costs and a model for the rest of the country to consider.

“StrataJazz was the platform that provided all of the functionality we required to help drive financial performance and facilitate our financial planning process,” said Sue Andrews, Vice President of Finance at Bassett. “The ability to streamline our budget process and conduct more detailed financial reporting in a more user-friendly way is mission critical for Bassett.  Implementing StrataJazz will help support our ongoing efforts to drive value and contribute to better health for our patients and our community.”

Bassett will have their operating budgeting, capital planning and management reporting workflow and data within a single database platform to support their financial planning and management needs.  They will complete the operating budget and management reporting implementation in 2014.  Capital planning will follow in early 2015.

“Bassett’s leadership in delivering high quality and efficient care has been well documented.  StrataJazz adds to that story by delivering a single platform that will help them to continue to enhance the value that they deliver to their community,” said Dan Michelson, Chief Executive Officer of Strata Decision. “The future of healthcare finance is not with disparate systems but rather with a single application in a single database with a single vendor. We are thrilled to have the opportunity to work with Basset in support of their mission.”

StrataJazz is a single integrated SaaS platform for operational budgeting, decision support, financial forecasting, strategic planning, capital management, management reporting, and performance management.  Strata Decision’s extensive library of best-practices enhances the accuracy, efficiency and effectiveness of critical financial planning and management processes.

About Bassett Healthcare Network

The Bassett Healthcare Network is an innovative and unique health care system that connects comprehensive care and services to people living throughout eight counties in central New York. The Network has been ranked as one of the top 100 most integrated health systems in the nation. The hub of the network is Bassett Medical Center in Cooperstown, which, in addition to traditional hospital-based care such as maternity, surgical and medical care, also offers more sophisticated diagnostic, surgical and procedural capabilities. Learn more at www.bassett.org.

About Strata Decision Technology

Strata Decision Technology is a pioneer and leader in the development of innovative SaaS solutions for financial and business analytics and decision support in healthcare. Founded in 1996, the Company’s solutions are used by over 1,000 healthcare organizations, including major academic medical centers, community hospitals, children’s hospitals and many of the largest and most influential healthcare systems in the U.S.

The company provides a single integrated software platform for budgeting, decision support, financial forecasting, strategic planning, capital purchase planning and tracking, management reporting, and performance management. The solutions are enhanced by a full range of services, including software implementation, data integration, application hosting, and technical support. The company’s headquarters are in Chicago, IL. For more information, please visit www.stratadecision.com.

Contact: Lisa Chernikoff, Strata Decision Technology, (312)827-7635, [email protected].

August 13, 2014