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The Love/Hate Relationship With Budgets

The traditional annual budget at a typical hospital or healthcare system serves two purposes: 1) it provides a plan for the next year’s financial performance 2) it gives each department a target to which they will be held accountable. Finance departments love the budget because of the initial clarity and consistency it provides. However, anyone…

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Converting Data to Action: How to Drive Financial Results with Accurate Data

On May 21, 2019, leaders from Strata Decision Technology presented at the 2019 Region 1 Annual Conference, attended by over 2,200 healthcare professionals from across the four New England Chapters. Below, you’ll find a recap and insights from the presentation, which can be applied to healthcare organizations at any level and in any region of…

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How Change Management Can Make Financial Impact in a Community Hospital

Community hospitals are fighting some of the biggest problems in healthcare, with little access to the resources and support they need to achieve healthy margins and drive better care for their patients. But some, like Davis Health System, are reevaluating their financial planning processes and finding opportunities to make a huge impact.

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5 Takeaways from Our Time with Jason Burke

In April of 2019, System VP and Chief Analytics Officer (CAO) Jason Burke of UNC Health Care visited Strata Decision Technology to speak as part of the Strata Speaker Series inviting industry leaders to present on their perceived “biggest problem” in healthcare.

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