Analyze: Decision Support Archives

Category: Analyze: Decision Support

How East Tennessee Children’s Hospital uncovered the cost information hospital leaders crave

Caryn Hawthorne, vice president of finance and CFO for East Tennessee Children's Hospital in Knoxville, and Kim Smith, ETCH's business analytics director, speak with Becker's Hospital Review about how their organization is working to overcome operational challenges by getting a better handle on costs...

Contract modeling tech helps Owensboro Health steer clear of a costly deal

The health system’s biggest payer presented it with a contract the payer said would net Owensboro $12 million a year. The health system’s financial IT said something quite different....

How merging financial and clinical data saved Yale New Haven Health $150 million

Yale New Haven Health in New Haven, Connecticut, is a 2,409-bed health system that includes Yale-New Haven Hospital, the primary teaching hospital for Yale School of Medicine that regularly ranks among the best hospitals in the country. As the business model for all healthcare organizations continues...

The Biggest Challenges in Community Care: 5 Questions with the CFO of CGH Medical Center

Three years ago, CGH Medical Center began their journey towards integrating their clinical data, decision-support, long-range financial planning and operating budget information. Today, this progressive acute care facility in Northern Illinois ranks high for delivering quality care and patient satisf...

Whitepaper: The Journey to Time-Driven Costing

When it comes to cost accounting in healthcare, most organizations have managed with simple, manual workflows and estimations. Many calculate costs using ratios or averages rather than actual data, a practice that has come to represent but not fully depict the reality of the hospital’s operations. ...

Whitepaper: Defensible, Strategic and Informed Pricing – Deliver on Transparency and Grow Your Margin

Almost weekly, healthcare pricing is featured in a negative light. While these stories are egregious, headline-catching examples, most healthcare leaders shudder in thinking, “what if my organization was put on the front page for our pricing? Is our pricing any more defensible than those who end up...

Q&A: Executives Discuss Cost Accounting Obstacles, Opportunities

HFMA writer Rich Daly interviews senior executives from Cleveland Clinic and Intermountain Health regarding how a shared, industry-leading cost accounting model has helped them to move toward dynamic planning, better cost accounting and more accurate, actionable cost data for decision-making....

Healthcare’s First Cost Accounting Adoption Model Launched by HFMA and Strata Decision Technology

CHICAGO, February 11, 2019 —The Healthcare Financial Management Association (HFMA) and Strata Decision Technology (Strata) today launched the HFMA-Strata L7 Cost Accounting Adoption Model™ (L7 Model), healthcare’s first roadmap to help healthcare providers access accurate cost data via the use ...

STRATA RANKED #1 IN KLAS FOR BUSINESS DECISION SUPPORT FOR FIFTH CONSECUTIVE YEAR

Strata Decision Technology has been awarded #1 in KLAS for our Decision Support solution. We are incredibly proud to be the #1 Business Decision Support solution in KLAS for the fifth consecutive year, as this rare achievement showcases our commitment to the success and satisfaction of our clients....

Top U.S. Healthcare Systems Attend 2018 Strata Decision Technology Summit

During the Summit, Strata announced the availability of Time-Driven Costing (TDC™) to help healthcare systems better understand their cost and margins in support of their clinical imperatives.  TDC is a feature within StrataJazz®, the market’s top-rated application for advanced cost accounting ...