The need to reduce costs is driving up demand for accurate price information and traditional costing methodologies such as RVUs are falling short.
Join this elite group of industry leader for a conversation about how Time-Driven Costing (TDC™) can not only improve the accuracy of costs but also provide valuable insights into labor utilization and variation that can ultimately lead to cost reduction opportunities.
During the discussion, you’ll learn:
The difference between RVU costing and TDC The benefits of TDC How Owensboro and Montefiore are using TDC to drive change in their organizations and where you can start
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.
This recording is available to providers upon registration with a business email address
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. Watch this webinar to answer the following:
How are other organizations measuring the current and projected impact of COVID-19 populations on their inpatient financials?
What is the updated guidance on financial modeling assumptions?
How should I isolate COVID-19-related data for analysis and planning?
Since my budget (even with flexing) is no longer applicable, how do I update my targets and my plan going forward?
How do I get more immediate support to my forecasting questions?
This recording is available to providers upon registration with a business email address.
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.
The webinar is available to providers upon registration with a business email address.
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. As elective surgeries and outpatient visits begin to return toward normal, it is imperative that health systems manage the largest category of expenses diligently. Doing a careful review of pay practices and staffing, then instilling accountability for taking action, can be a source of several million dollars of added margin.
Please 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.
This recording is available to healthcare providers upon registration with a business email address.
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.
The webinar is available to providers upon registration with a business email address.
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.
L7 allows healthcare organizations to assess their current state relative to available costing methodologies and provides a road map for their strategic needs. This eight-stage model assesses organizations by measuring the adoption and utilization of advanced cost accounting methods, including capabilities like Time-Driven Costing™. As an organization moves up the model, they acquire more sophisticated costing processes and workflows and more meaningful output.
At the end of this webinar, you will have a better understanding of what the L7 model is and why it was developed. You will also understand what is required of a cost model within each level and the value that each level provides.
In today’s fiscally-conscious healthcare environment, many health systems have at least some focus and structure on cost reduction. However, it is not uncommon for these efforts to feel rushed, unorganized, and even chaotic at times. Typically, significant savings opportunities are identified in only a matter of weeks with the expectation that the costs will be removed shortly thereafter. While this approach may work once or twice, it is not a sustainable methodology for ongoing cost reduction programs.
Between Strata’s Decision Support and Continuous Improvement solutions, we are essentially helping to manage hundreds of cost reduction programs across our client base. This provides unique insights into what works, what doesn’t, and common pitfalls organizations struggle with in their efforts towards real, hard dollar realized savings. Join us as we share “What Great Looks Like”. Naturally, it can be overwhelming trying to get to best practice status all at once. So, we’ll make it simple by outlining a step-by-step approach for cost improvement programs that work!
Objectives • Define what “great” looks like regarding comprehensive cost improvement programs • Walk through the step-by-step approach towards best practice and how to get there
In 2017, the OSF financial planning team saw an opportunity to shift their organization away from traditional financial planning. The landscape of their business was changing: their organization was adopting new leadership structures, was developing a thirst to embrace accountability in new ways, and transitioning to a new general ledger system. These undercurrents provided a springboard for finance to jump right in and make some impactful change: enter Dynamic Planning.
This session will explore the path that OSF has taken to move to dynamic planning and how they were able to reduce their budgeting timeline by 80%. We will also explore how to best leverage the Strata solutions to support this transition.
X
Roper Technologies Announces Acquisition of Syntellis Performance Solutions to be Combined With Strata