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As economic uncertainty fuels the rising cost to serve, healthcare providers need insight into the true cost of care. To reduce variation, waste and inefficiency and invest in improved care, your team needs access to accurate, comprehensive and actionable cost information. The HFMA-Strata L7 Cost Accounting Maturity Model (or L7®) has helped U.S. healthcare organizations of all types and sizes assess their current costing and benchmark capabilities against peers. Learn how the L7 model can help your organization advance to leverage dynamic, actionable methodologies and more sophisticated costing processes and workflows, for more strategic cost accounting based on best practices from over 200 other healthcare delivery systems.

Save the date for this year’s Strata Users Virtual Summit, held October 10-12. LIFT22: The Strata Users Virtual Summit will feature 30+ CPE-accredited sessions and will provide a comprehensive look at leading industry trends and captivating stories from some of the most innovative and inspiring organizations in healthcare. Registration will launch in mid-August. 

LIFT22: The Strata Users Virtual Summit
100% Online. 100% Free.
October 10-12
Register Now

What to Expect:

This unique, once-a-year event will bring together leaders from organizations to share success stories and best practice approaches related to financial planning, analytics and performance. You will also have the opportunity to network virtually with the entire Strata customer community – which now includes 400+ healthcare delivery systems and 2,000+ hospitals across the U.S.  

Why We’re Going Virtual:

We wanted to provide as many customers as possible with the same dynamic, engaging content, keynotes and peer case studies you’ve come to expect from the Strata Users Summit. By going virtual, we can provide all content to customers at no cost. 

speakers

Dr. Bertice Berry

Sociologist, PhD
Sociologist, Bertice Berry, PhD. is, a best-selling author and award winning lecturer has been named Comedian of The Year, Lecturer of the Year and Entertainer of the Year. She has published 11 best-selling books in both fiction and non-fiction and has won numerous awards and accolades for both her writing and presentations.

Luke Gorman

VP, System Financial Planning & Analysis and Decision Support Texas Health Resources
With over 25 years of experience in healthcare finance, Luke Gorman provides leadership and strategic direction for THR’s decision support, labor productivity, and operational benchmarking activities. He and his team are also responsible for the operational and capital planning processes of THR.

Aundria Watkins

Director of Clinical Analytics and Case Costing CHRISTUS Health
Aundria Watkins is the Director of Clinical Analytics and Case Costing at CHRISTUS Health, coordinating continuous improvement of clinical outcomes and the impacts on financial statements. Her responsibilities include determining opportunities to reduce clinical variation, development and implementation of strategies to ensure success in clinical variation reduction, as well as to measure and track savings across the multiple regions within CHRISTUS.

Healthcare organizations across the country are facing a volatile environment as they respond to one of the worst financial crises in the history of healthcare. Leaders are exploring more efficient processes to bring agility and accuracy to their hospital’s financial planning.

Join as leaders from Strata Decision Technology guide attendees through the two main types of budgeting, weighing the pros and cons of each. See examples from peer organizations who are leading the way during uncertain times.

Learning Objectives:

  • Contrast the two different types of planning methods, traditional budgeting and dynamic planning
  • Understand how more agile, efficient planning can impact financial recovery at your organization
  • Determine the path forward in planning for your organization

Most provider organizations have invested in EHRs to automate documentation, orders, clinical communication, billing and more. While these systems form the foundation to support a healthcare organization’s clinical and operational workflow, their lack of integration leaves behind a missing piece in the equation.

To make the connection between these two disparate views, healthcare leaders need access to strategies and tools that can help smart people make smart decisions using both clinical and financial data.

Today, a new category is emerging for healthcare: the Enterprise Performance Management system, which allows providers to drive performance. This webinar will discuss what EPM really means, what it should include and how different organizations are using EPMs to make a real difference in their performance.

In this webinar, you’ll learn:

  • Strategies and considerations when bringing together clinical and financial data
  • Requirements to consider when evaluating EPM solutions and tools
  • How to actually drive change through the use of EPM strategies
  • How leading health systems like Texas Children’s Hospital & Intermountain Healthcare have applied these concepts and the benefits they’ve seen

Join Strata’s Chief Strategy Officer, Steve Lefar, as he speaks with three CIOs from leading organizations across the Strata network for this dynamic panel discussion on the impact of data on decision making in healthcare. In this Q&A session, learn the unique perspectives and challenges faced by their organizations as these CIOs talk through data accessibility, cloud-based technology, partnering with finance leaders and integrating clinical and financial data to help teams make better decisions. Learn how these CIOs are using data to combat common challenges and drive the success of their organizations.

Featured Speakers:

  • Dr. Cedric Priebe, Senior Vice President & CIO, Lifespan
  • Rich Temple, Vice President & CIO, Deborah Heart and Lung Center
  • Dr. Shafiq Rab, Chief Digital Officer & CIO, Tufts Medicine

During this discussion, we will have a conversation with Josh Donaldson, Director of Cost Accounting who lead his organizations pursuit  to implement StrataJazz at Ochsner Health several years ago. You will get an unfiltered perspective about his organization’s experience with the migration from the on-prem EPSi solution to the cloud-based StrataJazz® platform. As well as hear about the functionality and development available to you on both the on-premise and cloud-based solutions. 

Learning Objectives:

  •  Analyze how a conversion to the cloud-based StrataJazz® platform would impact your organization
  • Understand how your peers are migrating from on-premise to cloud-based tools

Originally aired on HFMA

Many healthcare organizations think that the only way to find a successful cost reduction program is to look for outside a third-party consulting firm. But if health systems instead leverage their own data and resources, they will find a more effective and sustainable method to get savings opportunities. But where do you start?

When it comes to having the knowledge, tools, data, and ability to identify these opportunities, you are already closer than you think. By diagnosing key organizational inefficiencies, you can discover valuable cost savings opportunities.

During this session, you’ll learn how organizations like yours are leveraging centralized, automated tracking to drive continuous improvement efforts. We will share how organizations in our network have taken ownership of the identification and tracking of cost savings initiatives to maintain a plan and process for the future—empowering them to use the data they already have.

Learning Objectives:

  • Identify the key players and steps needed to creative an effective cost reduction plan
  • Discover how to automate opportunity identification and tracking across your health system
  • Learn how to create a continuous process that drives accountability for results
  • Understand the actions needed across your organization to drive success

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In this panel session, leaders from Sharp HealthCare and the Cleveland Clinic will be sharing their journey to more accurate, advanced cost accounting. Panelists will highlight successes and outcomes of their efforts within their organizations and using data.

Learning Objectives:

  • Understand how peer organizations are improving the accuracy and usefulness of their cost data
  • Identify the powerful outcomes of using more accurate cost accounting

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As health systems adopted enterprise-wide, single database, single vendor EHR platforms for clinical information and workflow, organizations are now making a similar shift by consolidating planning, decision support and performance applications into an enterprise-wide, single database, single vendor platform.  Beyond eliminating the challenges faced around data manipulation and reconciliation across disparate systems, platforms provide a single-source of truth for financial performance management.  With a single source of truth, organizations can drive efficiency, create alignment, and foster financial performance accountability.

StrataJazz® is a single, modular, cloud-based platform that brings healthcare providers a “flywheel” to better plan, analyze and perform, ultimately helping organizations to drive margin to fuel their clinical mission.  StrataJazz provides a single integrated software platform for decision support, financial planning and continuous cost improvement.  In addition, the toolset is enhanced by a full range of services for product implementation, data integration, training, adoption/optimization and business transformation. 

Learning Objectives:

  • Understand how organizations gain efficiencies, provide consistent insights and ultimately drive action via a financial planning, analytics and performance platform.
  • Hear real examples of health systems that have a adopted a “platform approach.”
  • Understand the benefits of a cloud solution including reduced maintenance and IT time, as well as more timely access to innovation.

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In this session led by Strata customers, learn how organizations are moving to real-time productivity. Hear about how tracking daily productivity reports can help you gain access to vital and supplemental information in your database.

  • Review successes and advice from peers who have adopted real-time productivity.
  • Understand the impact of using actual staffing utilization against standards agreed to during budgeting and planning.

Fill out this form to download the webinar: