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

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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 on a laptop

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. 

man looking at graph on computer screen

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

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COVID-19 Recovery Tactics: Managing Your Labor Expense

June 4, 2020

In this time of unprecedented financial and operational upheaval, health systems will need to ‘look under every rock’ to find opportunities to improve their financial stability. As elective surgeries and outpatient visits begin to return toward normal, it is imperative that health systems manage the largest category of expenses diligently. Doing a careful review of pay practices and staffing, then instilling accountability for taking action, can be a source of several million dollars of added margin.

HMFA Webinar – Creating a Real-Time, Data-Centric Culture in Your System

August 24, 2023

In order to optimize staffing with real-time labor data, organizations must equip their leaders with trustworthy data, in the right format, at the right time. This means analyzing your source data, using a tool to present actionable analytics, and defining a process which incentivizes agile-decision making. Join leaders from Strata Decision Technology to discuss building a culture centered around incorporating real-time data and insights into staffing decisions. Original Live Webinar Date: August 17, 2023

Key learnings:

A Guide to Activity Based Costing in Healthcare

June 3, 2021

As healthcare organizations across the country transition into COVID-19 recovery, leaders are seeking new and agile ways to drive margin and revenue. Many are turning to advanced cost accounting methodologies like Time-Driven Costing (TDC) as a way to leverage cost and financial data that can empower their clinical, operations and finance teams to make better decisions.

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