Higher Education | Strata Decision Technology

Solution - Market Reimbursement Intelligence - Rethemed

Read more about Solution - Market Reimbursement Intelligence - Rethemed

Maximize reimbursement rates with market-specific intelligence

Negotiate reimbursements confidently

With unprecedented transparency into reimbursement rates, Market Reimbursement Intelligence makes it easy to objectively compare rates and equips healthcare leaders to negotiate fair reimbursement with payors.

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Analyze ROI potential and improve forecasting

Champion growth and acquisition targets with the highest potential of success. Market Reimbursement Intelligence leverages Payor Rate Transparency data and proprietary 835 All-Payor Claims Data (APCD) to analyze market rates by payor, provider, CPT code, and/or service line to deliver insights into your financial opportunity. This makes it easy to assess the revenue potential of entering new markets, forecast future revenue, and view market reimbursement rate trends over time to accurately gauge revenue growth potential.

Choose from multiple curated, market-specific datasets

Payor Rate Transparency
Through the federal Transparency in Coverage rule, enacted in 2022, health plans and health insurers are required to publish rates for the healthcare services they cover. Strata provides access to insurers’ published rates in our Payor Rate Transparency (PRT) datasets.

APCD 835 Remit
Market Reimbursement Intelligence also leverages Strata’s proprietary All-Payor Claims Data (APCD) to analyze market rates by payor, provider, CPT code, and/or service line to deliver insights into your financial opportunity.

Objective Market & Provider Comparisons

Curated and easily accessible state, market, and product line data help you better understand providers’ reimbursement trends and your risks and opportunities. Evaluate reimbursement rates at a granular level, including office visits, surgical procedures, and diagnostic and therapeutic services, as well as services at outpatient hospitals and ambulatory surgical centers.

Market Opportunity Visualization

Read more about Market Opportunity Visualization

Guide strategic growth with referral, market share, and patient origin and migration data.

Improve Market Understanding

Our proprietary database of 837 All-Payer Claims Data (APCD), state, and CMS data powers an interactive claims visualization dashboard so healthcare leaders can discover growth opportunities, analyze acquisition targets, support service line development, and identify patterns — including patient origin, referrals, and out-migration.

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Gain Dynamic, Visual Intelligence

Market Opportunity Visualization makes it easy to generate up-to-date graphics, reports, and charts in seconds to assess market share, understand facility usage, improve physician relations, and more.

Patient Origin & Out-Migration

An interactive claims visualization dashboard that leverages our curated and proprietary 837 APCD to provide insights into where your patients seek care, so you can identify growth opportunities and address out-migration.

Referral Patterns

Leverages our APCD to identify referral leakage in your network. This module helps align growth and retention strategy with your physicians by mapping referrals to and from physicians within a service area to visualize physician-specific behavior.

Empower Organizational Alignment

Align stakeholders with a centralized repository of insights and visualizations that boost strategic decision-making and growth — all automatically updated using the most current intelligence.

Lexington Medical Center

"Market Opportunity Visualization has made presenting market share to our board a super simple and stress-free process. Thank you!"

Savannah Toppler, Senior Strategic Planning Analyst

Market Share & Trending

Uses state data to deliver critical intelligence on your market and patients’ behaviors. Identify trends and changes in market demographics, calculate your share in the market, and see trends in patient origin, payer mix, and service lines.

Solution - Market Opportunity Analysis - Retheme

Read more about Solution - Market Opportunity Analysis - Retheme

Uncover market opportunities for strategic growth.

market opportunity analysis screen with data

Harness the power of data to identify market growth opportunities

Our rapid data query engine allows you to quickly query large, complex datasets in multiple ways to get the insights you need. Leveraging our easy-to-use reporting and analysis interface, you can reliably answer questions about market share, utilization, physician loyalty, payer types, and more.

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Gain actionable insights with robust reporting and intelligence

With just a few clicks, access in-depth and up-to-date standard intelligence reports — including market share, patient origin, cost reporting, and demographics — as well as market insights projections for volume. Templated, easy-to-understand reports allow for streamlined analysis and growth planning across departments.

Our Lady Health System

"Market Opportunity Analysis gives a good picture of our markets and provides an opportunity to see many different slices of the data. Plus, it's rather easy to produce. In less than a week, I was distributing reports to my team.”

Decision Support Analyst, Franciscan Missionaries of Our Lady Health System

Align teams for effective growth planning

A centralized intelligence repository ensures teams are aligned without constantly rebuilding reports and queries. Empower team members’ self-sufficiency with access to automatically updated reports while you maintain editorial control.

Solution - HE Tuition Planning - Rethemed

Read more about Solution - HE Tuition Planning - Rethemed

a mockup of the higher education tuition planning tool on a laptop

Accurately project tuition revenue

Axiom Tuition Revenue Planning software models an unlimited number of tuition rates and fees and applies them to any level or combination of detail users need. College and university leaders can easily compare potential courses of action by creating scenarios to mix and match assumptions and initiatives.

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Rate Changes
Easily create scenarios that show the impact of tuition rate changes

Tuition revenue
Better predict tuition and fee revenue, as well as adjustments like scholarships, waivers, & differentials

Unified data
Create a single source of truth by aligning data from multiple systems

Integrated processes
Connect tuition planning with operational budgets and long-range plans

“Axiom Tuition Revenue Planning has significantly reduced our staff time and has increased data accuracy.”

Angie Martin

Vice President for Financial Planning and Chief Budget Officer, University of Kentucky

Accurately project revenue and fee revenue using real-time data to model multiple scenarios

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Featured Resources

Solution - HE Labor Planning

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LABOR PLANNING

Align Staffing with Budget

Axiom^TM Labor Planning software offers a sophisticated approach to salary and benefits planning that leverages your institution’s human resources data, driver assumptions about future rates, and budget input. Leaders can plan by position or employee for stable and highly compensated positions or by job code or job type for more variable positions, such as student workers.

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Apply Rates
Handle multiple fringe benefit rates and apply to appropriate salaries

Secure System Integration
Integrate HR and payroll systems to pull in employee data

Create New Positions
Incorporate bargaining unit and appointment data on position types

Avoid unexpected costs with software that forecasts implications of future staffing decisions

See Axiom Higher Education Suite In Action

Featured Resources

Solution - HE Budgeting and Planning - Rethemed

Read more about Solution - HE Budgeting and Planning - Rethemed

Streamline the budget process. Eliminate the spreadsheet shuffle.

Axiom^TM transforms the planning and budget development process. Finance professionals can create reliable plans and analyses and model different business segments.

Users across your school can review annual and monthly budget views and drill-down to see details for each general ledger category. Workflows trigger notifications for plan review, approval, or overdue submissions. Spend less time on manual efforts collecting spreadsheets and more time on strategic analysis and decision making.

Bring Together Operational and Financial Data with Ease

Integrate data from the general ledger, human resources, and other systems and sources, such as Banner^®, Colleague^®, Oracle^®/Peoplesoft, SAP^®, and Workday^®

Accurately Model Costs Associated with Positions and Employees

Perform sophisticated salary and benefits planning using your human resources and payroll data; handle multiple fringe benefit rates and funding sources

Collaborate on a Single Platform

Increase engagement and adoption of the planning process across departments, functions, and schools with intuitive, guided budgeting forms and reports

Plan grant-level funding and spending

Project upcoming project funding, track actual versus planned spend across a grant's lifecycle, and model the impact of grants on fiscal years

Join colleges & universities from across the country who use Axiom for an efficient budgeting and reporting process

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FEATURED RESOURCES

Axiom Higher Education Suite - Retheme

Read more about Axiom Higher Education Suite - Retheme

Budgeting & Forecasting

Shorten the budget cycle and create planning models tied to internal and external drivers, including salary and benefits planning leveraging HR data, driver assumptions, and budgets.

Tuition Revenue Planning

Model tuition rates and fees and easily create scenarios that show the impact of changes

Commitments Planning

Standardize data collection for new funding requests across the institution, streamline approvals, and monitor the progress and financial impacts of those commitments over time.

Grants Planning

Visibility into income and expenditures across a grant's life and the financial impact of installments on budgets and forecasts

Develop Multi-Year Strategic Financial Plans

Strategy-based performance management software that helps universities and colleges assess the viability of future financial plans and initiatives

Strategic Financial Planning
Develop 5 to 10-year financial plans using models and scenarios to mix and match assumptions and initiatives. Deliver executive-level dashboards showing the impact of external factors against plans and commitments.

Capital Planning
Create and evaluate multi-year capital projects and their impact on the balance sheet, cash flow, and statement of activities.

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Reporting & Analytics

Leaders no longer have to rely on manual processes or compiled spreadsheets, with Axiom Intelligence, organizations can analyze and visualize financial and operational data to identify and highlight trends, variances, and improvement opportunities. Axiom Intelligence brings data together with advanced reporting and visualizations, providing a powerful, web-based, intuitive reporting environment that supports dashboards, ad hoc reports, and spreadsheet views — all within an easy-to-use interface. Axiom Intelligence supports a breadth of reporting needs, from department variance analyses to Board packages and everything in between.

Meet the alternative to manual spreadsheets and processes

See Axiom Higher Education Suite In Action

Tech Specs

System Information

Cloud hosting on Microsoft Azure
Microsoft® .NET interface that leverages Microsoft® Excel®
Full browser compatibility

Automated Data Integration

Includes a robust, highly configurable data connector that can be set up to connect to a variety of data sources in a matter of minutes, like Ellucian, Oracle, and Workday. You can select the frequency of automatic synchronization. Our open integration ensures that you can connect to virtually any data source for clean, trusted data.

Security & Compliance

Role-based security for complete control over how your data is accessed and shared
SSAE-16 SOC Type II (SOC2) audited by BDO USA, LLP according to AICPA standards
Microsoft’s Azure HIPAA Compliance framework, which includes a BAA Contract Addendum, as well as ISO 27001 audit controls

Strata Academy - StrataJazz

Read more about Strata Academy - StrataJazz

Learn more about the StrataJazz Administrator Certification program and upcoming sessions.

StrataJazz Administrator Certifications are available across a range of modules. Each certification includes virtual, instructor-led training and an assessment in the form of a project and exam. Upon completion of all components, learners are granted a certification in their module. Each certification is designed to give you the tools and knowledge you need to successfully work as an administrator in StrataJazz.

Looking for self-paced training courses? There are available for free to Strata customers within Strata Academy.

How can I get the most out of StrataJazz Certification?

Strata recommends attending StrataJazz certification classes after you have started your implementation. Having some basic exposure to the StrataJazz platform before you attend class will improve your class experience. The implementation process includes training from your consultant that is tailored to your organization’s specific needs and builds on the fundamentals covered in certification.

You may also choose to attend certification class after your organization has completed implementation as a refresher on key administrative tasks and workflows or as part of your onboarding as a new StrataJazz administrator.

Unsure as to whether certification is right for you? Reach out to the Strata training team at strataacademy@stratadecision.com.

Additional Resources

Email us at strataacademy@stratadecision.com for questions or concerns and refer to the resources below.

CLASS Directory and FAQs

Registration Steps

Contact the Training Team

Advanced Planning