Performance Management
Help your organization reduce costs, build accountability, and optimize productivity for sustainable performance management.
Our robust suite of tools — designed uniquely for healthcare — encompasses Management Reporting, Productivity Reporting, Real-Time Labor Performance, and Continuous Improvement for both utilization and quality variation.
The Problem
Persistent, high expenses continue to pressure operating margins, forcing hospitals, health systems, and other healthcare organizations to search for opportunities to reduce costs and eliminate waste. In many cases, traditional cost-cutting methods have been exhausted. Healthcare leaders need more sophisticated approaches that enable them to pinpoint inefficiencies and cost and utilization variances as they occur. They also need more effective strategies to manage performance on an ongoing basis.
The Solution
The StrataJazz suite of tools for continuous performance improvement and workforce and margin management leverages automated savings algorithms to identify unnecessary variation and waste across costs, productivity, and utilization. It enables finance teams to set up effective and sustainable improvement initiatives using a tracking tool and workflow that drives accountability and action. Organizations can automatically track the success of improvement initiatives at the service line, hospital, and health system levels.
Continuous Improvement
StrataJazz® Continuous Improvement allows organizations to automate routine project management tasks so finance professionals can focus on more targeted, strategic work. The solution leverages built-in algorithms to identify unnecessary variation and waste, and a tracking tool and workflow to support sustainable cost reduction and quality improvement initiatives.
Management Reporting
StrataJazz® Management Reporting provides an intuitive management reporting process, seamlessly combining financial results from across the organization with income statement, balance sheet, cash flow, and financial indicators reporting. It allows managers to drill down into accounts payable, materials management, and journal entry detail to better understand the underlying causes of budget variances and identify viable targets for effective continuous improvement plans.
Productivity Reporting
StrataJazz® Productivity Reporting provides ongoing visibility into your organization’s labor productivity metrics on a daily, bi-weekly, and monthly basis, with data organized by total responsibility or outstanding commentary needs. Armed with this information, front-line managers are empowered to be accountable and effectively manage their areas.
Real-Time Labor Performance
Real-Time Labor Performance is a one-stop-shop to help unit managers, supervisors, and nursing leaders improve labor utilization and strengthen the partnership between finance and nursing. Our intuitive solution provides real-time insights to help you reduce labor expense.
Strengthen your ability to compete in a changing marketplace with industry-leading software that solves enterprise planning challenges for healthcare.
