Cloud Solution Provides Benchmarking, Insights, Analytics and Standards on the Cost of Care and Key Metrics from Network of over 200 Healthcare Delivery Systems
Strata Decision Technology (Strata), a pioneer and leader in the development of cloud-based financial planning, analytics and performance tools for healthcare, today launched StrataSphere™, a unique data-sharing network and platform powered by machine learning leveraging the most comprehensive and granular dataset on the cost of healthcare.
Introduced today at Strata’s Lift19 user conference, StrataSphere will leverage trillions of data points across the 200 healthcare delivery systems and over 1,000 hospitals that use Strata’s cloud-based StrataJazz® platform to deliver advanced analytics, insights, benchmarks and industry-level standards. The initial roll-out of StrataSphere included over 60 health systems serving more than 35 million patients representing approximately 10% of the provider spend in U.S. healthcare. It is now being made available to all Strata customers at no cost on an opt-in basis. The Strata customer network represents approximately 25% of the provider spend in U.S. healthcare.