St. Luke’s System Selects Strata Decision for Decision Support
Regional Health System Serving Three States to Leverage StrataJazz to Make Data on the Cost of Care More Accessible and Actionable
CHICAGO, IL, June 23, 2014 – From the floor of the 2014 Healthcare Financial Management Association’s Annual Institute (ANI), Strata Decision Technology (Strata Decision) announced today that St. Luke’s, a regional health system based in Duluth, Minnesota, has selected StrataJazz™ for Decision Support.
St. Luke’s also renewed their long-term agreement on other StrataJazz modules including Operating Budgeting, Long-Range Financial Planning, Rolling Forecasting, and Capital Planning. With the complete StrataJazz platform, they will have their financial data in a single database within a single application and workflow to support their financial planning, management and decision support needs.
“Strata Decision was the clear choice for St. Luke’s because they share our vision for bringing clinical and financial information together—and they have been a partner with our organization since 2005,” said Eric Lohn, Chief Financial Officer at St. Luke’s. “Making our cost data more accessible and actionable will enable us to understand the true cost of care system-wide. This will ultimately allow us to use our resources more effectively to deliver even better care to the patients we serve.”
StrataJazz will be integrated with their existing enterprise systems, including their Meditech Electronic Health Record (EHR) and Enterprise Resource Planning (ERP) applications, which will provide St. Luke’s the ability to bring together clinical and financial information to assess and improve overall outcomes.
“We are excited to expand our partnership with St. Luke’s and support their work in understanding and reducing the cost of healthcare delivery across all settings of care. The end result is further driving margin so that St. Luke’s can fuel their overall clinical mission,” said Dan Michelson, Chief Executive Officer of Strata Decision Technology. “Advanced cost accounting has become mission critical and we are seeing a number of well-respected healthcare providers in the state of Minnesota taking the lead and setting the path for others to follow.”
St. Luke’s is part of Strata Decision Technology’s growing list of Minnesota-based clients that also includes Allina Health System, Fairview Health Services, and Park Nicollet Health Services.
About St. Luke’s
St. Luke’s is a regional healthcare system serving approximately 500,000 residents of northeastern Minnesota, northwestern Wisconsin and the western Upper Peninsula of Michigan. It includes a multi-specialty hospital in Duluth, a critical-access hospital in Two Harbors, and 38 primary and specialty clinics throughout the region. Additional information about St. Luke’s and its services is available at http://www.slhduluth.com/Newsroom.aspx or www.facebook.com/stlukesduluth.
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.
Lisa Chernikoff, Strata Decision Technology, (312)827-7635, [email protected]