HFMA Webinar: Updating Technology for the Roadmap to Advanced Costing

Date: July 16, 2024

In 2017, Strata Decision Technology developed the L7 Cost Accounting Model in partnership with HFMA to address the need for more accurate cost accounting. This model provided the industry’s first cost accounting roadmap aimed at helping hospitals and other healthcare organizations assess the true costs of providing care. This webinar revisits the L7 Model with a few updates to take advantage of the lessons learned and the expanded technology now available. We’ll highlight examples of how incorporating peer comparisons to enhance data integrity in the model can highlight where organizations deviate from benchmark cost data and the impact that just a couple percentage points of deviation can have on your bottom line. Sponsored by: Strata Decision Technology