As organizations see volume, labor, acuity and reimbursement changes due to COVID-19, it is mission critical to understand and model out various scenarios and support your organization’s ability to make critical decisions.
As members of the COVID-19 Healthcare Coalition, we at Strata Decision Technology are committed to helping you and your team stay informed. Below, you will find resources and best practices for tackling planning, analytics and performance challenges resulting from the COVID-19 outbreak.
All webinars and recordings are available to providers upon registration with a business email address.
COVID19 – National Patient & Procedure Volume Tracker | On-Demand
As healthcare workers continue to bravely stand at the front lines of the COVID-19 pandemic, hospitals are being pushed to the brink of financial collapse. Across the country, healthcare providers are dealing with significantly higher costs due to COVID-19 and are facing a major reduction in the number of patients accessing their hospitals for care. While patients are beginning to reschedule elective surgeries, continued delays in critical patient care could mean another wave of challenges for hospitals.
COVID-19 Cost Capture & Recovery Model: Capturing Revenue | On-Demand
In this webinar we will discuss how health systems are modeling the revenue impact, planning for resuming elective cases, and using Decision Support, Strategic Pricing and Contract Analytics to identify opportunities to improve reimbursement for services provided.
COVID-19 Recovery Tactics: Managing Your Labor Expense | On-Demand
In this time of unprecedented financial and operational upheaval, health systems will need to ‘look under every rock’ to find opportunities to improve their financial stability. Join to hear how Kristi Atkinson, Manager of Budgeting & Cost Accounting, from Nebraska Medicine used StrataJazz to identify hidden sources of unnecessary cost in their staffing and pay practices.
Planning for COVID-19 Recovery | On-Demand
Join Strata to learn how organizations are approaching planning for COVID-19 recovery. As the impact varies across the nation we will be sharing the various approaches that organizations are starting to take to recover from the financial impact of COVID-19.
Calculating the Cost of COVID-19 Cases | On-Demand
Understanding the cost of COVID-19 patients is an essential part of managing through these uncertain times. Join Strata’s team to discuss how costing today may be different than approaches taken prior to the COVID-19 pandemic.
Helping You and Your Team Respond to COVID-19 | On-Demand
Join us to hear about methods you can use to more efficiently and effectively project your financial plans, define targets, and make resource allocation decisions.
Clients can also join us for an open Q&A where members of our team will answer any questions you may have around the financial challenges caused by COVID-19 during the following times:
- Thursday, June 11 from 12:00pm – 1:00pm CST
The COVID-19 Cost Capture Recovery Model
Accessing reimbursement, relief and funding programs at both the federal and state levels will require the complete and accurate accounting of costs related to COVID-19 by hospital and healthcare delivery systems. The COVID-19 Cost Capture and Recovery Model will provide a complete process for understanding the cost and revenue impact of COVID-19 in order to support the efforts of healthcare providers. Learn more about the model.
National Patient and Procedure Volume Tracker
55 percent fewer Americans sought hospital care in March-April due to COVID-19 and an analysis of 2 Million patient encounters reveals U.S. hospitals are losing $60 billion per month. The National Hospital Patient and Procedure Volume Tracker was created based on a set of data to help healthcare providers analyze the impact of COVID-19 as well as plan and forecast an approach for bringing back elective procedures. Learn More.
Recognize Our Healthcare Heroes
Strata has partnered with the American Medical Association (AMA) and other key players to recognize those healthcare heroes who are risking their lives to save ours. Sometimes small things are big things and saying “thank you” to our heroes is one small way we can help. We would love to work together on this – please share your stories and photos of your family, friends, neighbors, and colleagues at #MyHealthcareHero as well as anyone else who inspires you at #OurCoronaFighters on social media. Read more about this effort in Becker’s Healthcare.
We’ve pulled together some past articles that are more relevant than ever to the current situation.
- The National Patient and Procedure Volume Tracker
- Using COVID-19 Dashboards to Track Financial Trends
- Streamline Your Planning Process to Free Up Resources
- Leverage Data and Empathy in the Time of COVID-19
- REPORT: Hospitals Face Massive Losses on COVID-19 Cases Even With Proposed Increase in Federal Reimbursement
- What Hospitals and Health Systems Can Do to Recover Financially from COVID-19 (Healthcare Finance)
- Hospitals Seen Losing Nearly $60 Billion a Month in Pandemic (Bloomberg Law)
- Treating coronavirus is draining hospital coffers of millions and threatening resources (NBC News)