Healthcare financials have changed drastically since the start of the COVID-19 pandemic, when patient volumes and revenue dropped by over 50% at the onset of the crisis. Now, over two years in, patient volumes are back to 95% of pre-pandemic levels, leading to steady financial recovery for many health systems.
August 14, 2021
In the aftermath of a global pandemic, hospitals and health systems are now beginning to move into financial recovery. As leaders continue to seek new ways to revive margin and grow revenue, many organizations lack the usual year-over-year analyses they would have used in years past to guide their strategic efforts and monitor key areas, like recovering volumes.
October 4, 2022
Healthcare organizations are using data analytics to help provide their teams with the information needed to make smarter decisions while driving cost savings. (One example: Yale New Haven Health has saved more than $150 million from merging financial and clinical data and making it accessible for their clinical and administrative leaders.)
April 22, 2019
What does it mean for an organization to have defensible, strategic pricing? And why can the journey to defensible, strategic, and informed pricing be so hard?
First, let’s define them.
Defensible Pricing
March 2, 2021
In spring of 2021, Strata hosted the EPSi User Group Virtual Summit, a completely free and virtual event welcoming the EPSi user community to the Strata family. Presenters shared best practices and stories on forecasting in healthcare, change management in healthcare, and healthcare decision support.
August 7, 2019
As part of an ongoing Strata Speaker Series, Strata Decision Technology hosted NorthShore University HealthSystem (NorthShore) CFO Doug Welday. The series invites industry leaders to speak at Strata’s Chicago headquarters on what they consider the biggest issues facing healthcare today. In this session, Welday spoke about his first 180 days at NorthShore and the top challenges he sees facing healthcare organizations today.
