Join Strata’s Chief Strategy Officer, Steve Lefar, as he speaks with three CIOs from leading organizations across the Strata network for this dynamic panel discussion on the impact of data on decision making in healthcare. In this Q&A session, learn the unique perspectives and challenges faced by their organizations as these CIOs talk through data accessibility, cloud-based technology, partnering with finance leaders and integrating clinical and financial data to help teams make better decisions. Learn how these CIOs are using data to combat common challenges and drive the success of their organizations.

Featured Speakers:

• Dr. Cedric Priebe, Senior Vice President & CIO, Lifespan
• Rich Temple, Vice President & CIO, Deborah Heart and Lung Center
• Dr. Shafiq Rab, Chief Digital Officer & CIO, Tufts Medicine

During this discussion, we will have a conversation with Josh Donaldson, Director of Cost Accounting who lead his organizations pursuit  to implement StrataJazz at Ochsner Health several years ago. You will get an unfiltered perspective about his organization’s experience with the migration from the on-prem EPSi solution to the cloud-based StrataJazz^® platform. As well as hear about the functionality and development available to you on both the on-premise and cloud-based solutions. 

Learning Objectives:

•  Analyze how a conversion to the cloud-based StrataJazz^® platform would impact your organization

• Understand how your peers are migrating from on-premise to cloud-based tools

Originally aired on HFMA

Many healthcare organizations think that the only way to find a successful cost reduction program is to look for outside a third-party consulting firm. But if health systems instead leverage their own data and resources, they will find a more effective and sustainable method to get savings opportunities. But where do you start?

When it comes to having the knowledge, tools, data, and ability to identify these opportunities, you are already closer than you think. By diagnosing key organizational inefficiencies, you can discover valuable cost savings opportunities.

During this session, you’ll learn how organizations like yours are leveraging centralized, automated tracking to drive continuous improvement efforts. We will share how organizations in our network have taken ownership of the identification and tracking of cost savings initiatives to maintain a plan and process for the future—empowering them to use the data they already have.

Learning Objectives:

• Identify the key players and steps needed to creative an effective cost reduction plan
• Discover how to automate opportunity identification and tracking across your health system
• Learn how to create a continuous process that drives accountability for results
• Understand the actions needed across your organization to drive success

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In this panel session, leaders from Sharp HealthCare and the Cleveland Clinic will be sharing their journey to more accurate, advanced cost accounting. Panelists will highlight successes and outcomes of their efforts within their organizations and using data.

Learning Objectives:

• Understand how peer organizations are improving the accuracy and usefulness of their cost data
• Identify the powerful outcomes of using more accurate cost accounting

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As health systems adopted enterprise-wide, single database, single vendor EHR platforms for clinical information and workflow, organizations are now making a similar shift by consolidating planning, decision support and performance applications into an enterprise-wide, single database, single vendor platform.  Beyond eliminating the challenges faced around data manipulation and reconciliation across disparate systems, platforms provide a single-source of truth for financial performance management.  With a single source of truth, organizations can drive efficiency, create alignment, and foster financial performance accountability.

StrataJazz^® is a single, modular, cloud-based platform that brings healthcare providers a “flywheel” to better plan, analyze and perform, ultimately helping organizations to drive margin to fuel their clinical mission.  StrataJazz provides a single integrated software platform for decision support, financial planning and continuous cost improvement.  In addition, the toolset is enhanced by a full range of services for product implementation, data integration, training, adoption/optimization and business transformation. 

Learning Objectives:

• Understand how organizations gain efficiencies, provide consistent insights and ultimately drive action via a financial planning, analytics and performance platform.
• Hear real examples of health systems that have a adopted a “platform approach.”
• Understand the benefits of a cloud solution including reduced maintenance and IT time, as well as more timely access to innovation.

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In this session led by Strata customers, learn how organizations are moving to real-time productivity. Hear about how tracking daily productivity reports can help you gain access to vital and supplemental information in your database.

• Review successes and advice from peers who have adopted real-time productivity.
• Understand the impact of using actual staffing utilization against standards agreed to during budgeting and planning.

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Clients have a ton of different uses of our application – simple ETL of basic data to super complex, data extender type models.  The goal though in all uses of the data would be to drive to results, insights, and wisdom.

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In this session, hear from finance leaders at peer hospitals as they share lessons learned and advice for leading your organization to adopt Dynamic Planning. Listen as these leaders outline their strategies for driving change to the financial planning process within their organizations, walking through both pitfalls and successes they encountered in the process.

Learning Objectives:

• Learn how other organizations are driving a change to their planning process by adopting Dynamic Planning
• Understand the resource needs required to drive change to the planning process
• Recognize tactics you can use to drive communication around and execution of Dynamic Planning at your organization

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In this session, learn how your peers in the Strata network are using unique data visualization tools within StrataJazz and Advanced Analytics from EPSi. See how data visualizations can tell powerful stories with insights that spark action.

Learning Objectives:

• Understand how organizations are using analytics both within StrataJazz as well as through Advanced Analytics from EPSi. 
• Identify data visualizations, filters, and dashboard actions to help your organization create a more dynamic view of your data.

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In this session, hear how organizations are making the shift to advanced planning methodologies like Dynamic Planning. Learn how financial planning tools from the New Strata can help your teams drive accountability and engagement while accelerating the planning process using data science.

Learning Objectives:

• Understand how tools like StrataJazz Financial Planning and RealCost Rolling Forecast can improve your planning process. 
• Relate some of the best practices from organizations in the Strata network to your own team’s needs to advance your planning.

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