Combining timely market data with unparalleled intelligence, Strata’s Data & Intelligence Solutions provide commercial healthcare technology vendors with insights into the care demand trends that are shaping the business of U.S. healthcare. Gain a unique view of aggregated volumes and utilization trends from our network of more than 750 health systems — and use them to hone your financial strategy, expansion plans, and ROI messaging for your medical device and supply business.

 

The Impact:

How You Can Use our Data & Intelligence Solutions

Enhancing Healthcare Data Management and Integrity with Appropriate Tools

Accurately budget based on current market data

Use timely service-line and healthcare procedure volumes data sourced from nationwide partner hospitals to inform demand planning across your business.

Identify market trends impacting your medical technology business

Use our proprietary All-Payor Claims Data (APCD) to increase confidence in your decision-making; validate market models and use near real-time data to adjust while identifying new potential sources of revenue.

Help your customers justify purchases

Use financial, payroll, and labor utilization benchmarks from hospitals nationwide to provide context to strengthen customer conversations and shorten the buyer decision process.

Strata’s Data & Intelligence solutions source enriched data from curated and proprietary sources to provide the most comprehensive financial view to help guide decision-making for your healthcare technology business.

Sources:

 State Sourced Data available for select states with detailed patient data for public use

Patient Claims Data procured from CMS and multiple clearinghouses

Payor Rate Transparency Data with reimbursement rates paid to hospitals for in-network services

AI/ML Enrichment with claims sourced across payors from multiple clearinghouses

Use Cases:

 

Predicting growth & sizing the market across different cohorts

 

 

Identifying utilization trends and growth opportunities for your medical device, equipment, and supply business within the addressable market

 

Assessing actionable insights into payor reimbursement across inpatient and outpatient care settings

Gain Insight Through Trends: Hospital Financial Data

Published monthly, this timely data highlights financial trends across U.S. hospitals and health systems.

Sources:

Automated Harvesting

  • 1,900+ Hospitals
  • 5,000 Other Entities
  • 135,000 Physicians

AI/ML Classifications

  • Entities
  • Depts & Accounts
  • Job Codes & Pay Types

Peer Group Updates

  • National
  • Regional
  • Bed Size, Other, etc.

Use Cases:

 

Gain insights into national and regional trends impacting financial performance:

  • Shifts in volume (IP, OP, ER, ASC)
  • Charges and payor mix
  • Labor costs (hourly rate, skill mix)

 

Evaluate financial outcomes and drivers across specific functional areas:

  • Trajectory of inpatient (IP) and outpatient (OP) surgeries
  • Surgical minutes and patient acuity
  • Cost of surgical supplies

 

Understand trends in labor costs and key performance drivers across regions, by facility and functional area:

  • Labor efficiency across departments
  • Average hourly rates by job code
  • Overtime cost, contract nurses

Healthcare Data Reports

Get access to curated reports leveraging Strata's industry-leading healthcare database, including:

See Volume and Cost-of-Care Trends: Patient Encounter Data

This proprietary data is enhanced with cost and other attributes to provide timely insights into national volume and cost-of-care trends across clinical services.

ABOUT THE DATA

  • Sourced from 450+ hospitals and growing
  • Enriched and enhanced with proprietary costing model
  • Enabling enhanced volume and cost analysis across clinical services

Use Cases

  • Assessing trends in volume and cost-of-care for hospitals, such as evaluating select orthopedic procedures when they shift to an OP setting
  • Tracking the impact of new medications on healthcare surgical volumes across regions, like reduction in bariatric surgery correlating with new weight-loss drugs

Who We Are:

The Industry’s Leading Enterprise Performance Management Software

Trusted by more than 750 health systems across the U.S., Strata provides solutions and services to support healthcare organizations in their financial planning, cost accounting, and performance management. We empower organizations to fuel their missions with powerful, easy-to-use enterprise performance management software, data, and intelligence solutions.

Our data and intelligence solutions include the industry’s largest comparative dataset for financial and operational data, enabling timely insights leveraged by some of the largest consulting firms in the U.S. With our unique combination of market data and comparative financial data, we provide healthcare organizations with insights that can inform their strategic and tactical planning.

Ranked #1 in KLAS for 19 consecutive years for our Decision Support solutions, we are proud partners to the healthcare organizations we serve.

strata employees at the chicago office

Accelerate decision-making and boost financial performance.

See how Strata’s Data & Intelligence solutions can help your business reach peak performance.

 

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