Healthcare AI and Automation: Good or Bad?
February 27, 2023
By John Lynn
Pandemic-Driven Deferred Care Has Led to Increased Patient Acuity in America’s Hospitals
August 19, 2022
Rise in patient acuity has been a driver of increases in labor, drug, and supply costs for hospitals creating unsustainable financial challenges.
Contract Modeling Tech Helps Owensboro Health Steer Clear of a Costly Deal
January 9, 2020
When negotiating with payers, health systems are challenged at estimating how much a proposed contract will cost them – or whether they’ll actually make a profit. This is especially true of smaller health systems that cannot afford large teams of analysts to crunch the numbers.
Using Time-Driven Costing to Crack the Code on Cost
June 4, 2020
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:
HFMA-Strata L7 Cost Accounting Adoption Model (L7®) Overview
August 26, 2019
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.
Driving a Successful Margin Improvement Program
September 25, 2020
Implementing new software across an organization is never easy. Finance leaders will discuss their approach to driving a strong margin improvement program and how IT and Finance have partnered to achieve success.
Learning Objectives:
- Learn how to create a partnership between IT and Finance
- Understand how other organizations approach the process of implementing a successful margin improvement program
Fill out this form to download the recording:
Guiding The Culture Change When Adopting Dynamic Planning
February 9, 2021
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:
How to Integrate Pharmacy Acquisition Cost Data (Without the Help of Your EMR) - 3 - Retheme
October 13, 2020
Learn how organizations participating in the 340b program are automating existing reports from their accumulator system to populate accurate 340b and GPO acquisition costs directly on patient drug charges in StrataJazz. For entities not eligible to participate in 340b, we’ll explain why drug prices may be inaccurate in your EMR today and how we can work around those issues to calculate charge-level WAC and GPO prices in StrataJazz by leveraging a standard drug price catalog.
Introducing StrataJazz OnePlan®
June 4, 2020
StrataJazz® OnePlan is the first purpose-built advanced planning platform for hospitals to help address the major budget issues that they face. OnePlan provides a radically more efficient, accurate, agile and accountable approach to planning, providing hospitals and healthcare systems the ability to significantly improve their performance.
Financial Reporting & Analytics Solutions - Retheme
Analytics solutions provide insights to power data-driven decisions
Turn data into intelligence and elevated financial performance with Strata’s Axiom Intelligence analytics software, which empowers organizations to evaluate and visualize financial and operational data to identify trends, variances, and improvement opportunities.
While other performance management tools simply offer reports, Axiom Intelligence provides timely data and robust analytical and visualization capabilities for a comprehensive view into your business. To take full advantage of business analytics, you need answers at your fingertips, and Strata’s advanced tools generate actionable intelligence that finance leaders can use to inform financial management and improvement initiatives.
Benefits of analytics and reporting using Axiom Intelligence
Single Source of Truth
Axiom seamlessly integrates data from any source into a single repository for planning and analysis, allowing you to leverage our innovative analytics and reporting tools to turn your data into actionable insights for enhanced decision-making.
Intuitive Reporting for All User Types
Axiom’s powerful web-based reporting environment supports visualizations, dashboards, ad hoc reports, and spreadsheet views — all within an easy-to-use interface.
- Use the browser-based reporting tool with drag-and-drop functionality to build both simple and complex reports based on your unique needs
- Access a full Excel-based spreadsheet calculation engine for in-depth reporting in a familiar Excel environment
- Leverage Axiom Visual Insights’ pre-configured data models or build your own from any data in Axiom, and use self-service tools to create dynamic visualizations, including the ability to ask natural language questions and receive answers in visual form
Improve Efficiency, Maximize Resources
While other analytics solutions require in-house database experts, Axiom Intelligence allows you to easily connect data sources through modeling and generate, analyze, and disseminate reports. This reduces reliance on IT resources and eliminates the need to hire business intelligence (BI) experts or license third-party BI tools.
Transform data into intelligence and drive better outcomes