5 Steps to Successful Healthcare Continuous Improvement

Get the results your organization needs with clearly defined objectives and accountability

For years, Strata has been helping hospital and health system leaders overcome the fundamental challenge of how to ingrain sustainable, continuous improvement processes into their organizations. Our continuous improvement advisory services staff works with organizations to build a thorough understanding of how the organization is performing now, the ability to define actionable objectives moving forward, and tools to track performance relative to those goals. 

Health System Operating Margins See Slight Gains After Three Months of Declines, According to New Strata Data 

CHICAGO – Nov. 25, 2024 – Health systems nationwide saw slight margin gains in October following three months of declines, while hospital operating margins narrowed slightly following two months of increases.  

The median year-to-date (YTD) health system operating margin rose from 1.6% in September to 1.8% in October. Meanwhile, the median YTD hospital operating margin dropped from 5.1% to 4.9% over the same period.  

The Path to Accurate Cost Accounting

Across healthcare, there is a pressing need to understand the true costs of delivering care. This report, developed for the American Hospital Association, discusses the limitations of commonly used cost-accounting methodologies that are based on charges. It describes alternative cost accounting methods used by many healthcare organizations that better reflect the complexities of healthcare costs, such as the HFMA-Strata L7 Cost Accounting Model.