For more than two decades, Cape Fear Valley Health System has used a combination of Strata solutions to strengthen labor management discipline, identify cost-reduction opportunities, and support longer-range financial and growth planning. Today, the organization continues to fine-tune its processes. Using analytics and benchmarking to bolster financial planning and cost accounting has led to more informed, impactful decisions spanning areas like labor management and service line planning.

As part of a long-term, strategic partnership, Strata worked with TGH to translate clinical improvements into measurable financial outcomes, which was important to demonstrate value to hospital leadership and inform future budget decisions. Using Strata’s StrataJazz® Continuous Improvement solution, the organization gained access to extensive reporting and analytics that would help shape decisions and guide actions in the sepsis alert initiative.

GRMC leaders have access to Strata’s Market Share & Trending tool, which provides state data that show where patients are accessing various services, including those who are seeking treatment in neighboring markets. In addition, the 153-bed medical center leverages Strata’s Market Opportunity Analysis and proprietary 837 All-Payor Claims Data to further identify and quantify trends in the rapidly growing central Texas market.

December 22, 2021 problem Leadership Lacked Forum to Engage Stakeholders on Performance Variances Hospitals and health systems have historically spent countless hours across their...

December 22, 2021 problem Organizations Struggle to Engage Physicians in Cost and Quality Efforts Hospitals across the country are focusing their efforts on cost containment as they...

May 26, 2020 problem Leaders Need Data to Understand Performance Most health systems struggle to get relevant, timely information to department leaders and executives to enable data...

April 21, 2021 problem Leadership Lacks Forum to Engage Stakeholders on Performance Variances To address financial performance variance and develop strong resolution plans...

December 7, 2021 problem Thin Margins Have Made Community Hospitals Vulnerable to Acquisition Following the global pandemic of COVID-19, hospitals and health systems across the country...

September 16, 2022 problem Organizations Lack Structure and Buy-In to Commit to Variation-Based Cost Savings Initiatives Hospital leaders are facing many new and complex challenges...

July 10, 2020 problem High Premium Pay Spend Leads to Higher, Unnecessary Costs In the time of an unforeseen crisis and global pandemic COVID-19, this Midwestern health system knew that...

April 27, 2020 U.S. hospital spending on management consultants has been creeping steadily upward for decades. In the last three years alone, hospitals increased their investment in...