Ranked #1 in KLAS for the third consecutive year, StrataJazz combines and analyzes disparate clinical and financial data to provide the true costs and margins associated with the delivery of care.
As a healthcare leader, you can no longer rely on just growing the top line as the fuel for your growth. To survive, you must find ways to lower costs while improving quality and delivering value.
StrataJazz marries clinical, operational and financial data to deliver accurate and actionable cost data across the entire continuum of care. With an advanced cost accounting engine that integrates with EDW, ERP and EHR solutions including EPIC, you can see what is driving up costs at a patient, service and entity level. As a result, you can determine where to focus your energy to improve margins and quality.
StrataJazz is an integrated performance analytics platform for financial planning, decision support and continuous improvement, therefore cost reduction targets and savings are tied directly back to financial plans and budgets. This enables you to close the fiscal planning loop and ensure cost savings stick.
StrataJazz enables a healthcare system to understand the true cost and margins for patient care across episodes of care, service lines and patient populations so they can reduce variation, waste and inefficiency, and ultimately improve care. With its advanced cost modeling and analytics engine, you can pinpoint opportunities to reduce cost and improve margin all the way down to the patient level.
- Produce More Accurate Cost Data Sophisticated modeling (i.e. RVU, time-driven, activity-based, etc.) incorporates invoice costs and variable pricing resulting in instantly-actionable data.
- Drill Into Patient-Specific Care Variations & Costs Key performance indicators monitor costs by physician, service line and patient population to identify savings opportunities when care varies from standard protocols.
- Understand Costs Across the Continuum of Care Flexibility to integrate cost data from outside the four walls of the hospital enables you to pursue a population health strategy and assume risk.
StrataJazz accurately reports on estimated revenue received for contract payments before the actual payment has been received, as well as provides an understanding of the financial implications of changes in reimbursement contracts. Contract modeling helps you determine profitability and engage in more informed payer negotiations.
- Understand Contract Profitability Dig deep into reimbursement contracts to evaluate how your organization is getting paid, and if paid properly.
- Support Payer Negotiations Simulate contracts between your organization and payers to see how different contracts compare to each other for selected patient groups.
- Dive Deep into the Analytics Detailed reporting at a granular level lets you see reimbursement down to specific billing codes.
Our services ensure the effective implementation, maintenance, utilization and optimization of StrataJazz, saving you valuable time and providing peace of mind knowing your costing process is being handled by industry experts.
- Save Valuable Time Strata experts integrate and reconcile organizational data, conduct field mapping, dimension management and develop RVUs to get your cost process off to a productive start.
- Leverage Industry Expertise Trusted professionals with years of domain expertise and technical knowledge perform your cost accounting, modeling and reporting, delivering detailed analysis for you to share among stakeholders and decision makers.
- Free Up Internal Resources Strata’s dedicated project management team oversees the entire costing process, providing proactive guidance and optimization advice from beginning to end.