Over the past decade, Healthcare Informatics has recognized healthcare leadership teams who have gone above and beyond in their use of information technology solutions with the Innovator Awards. They announced the winners of the second annual Leading Edge Awards, honoring vendors whose combination of expertise and innovation are shaping the future of healthcare systems. The winner in the category of Cost Savings is Strata. Dan Michelson, CEO of Strata, spoke with Healthcare Informatics about healthcare’s cost crisis—and what it will take to cure it.

About two years ago, leaders at Children’s Healthcare of Atlanta began to wonder if they could connect the facility’s overhead costs to actual activity involved in treating the patient. That led to the launch of an organizational initiative that’s changing how the hospital looks at the cost of providing care.