Strata Decision Technology – Creating the definitive market standard in healthcare

It’s time to address the cost of healthcare and now there’s a company with the solutions and scale to truly make a difference. Strata creates the definitive market standard in healthcare for financial analytics, planning and performance solutions.   Strata is 100% dedicated to healthcare in everything they do every single day. That’s exactly what’s needed because the problems in healthcare are stunningly complex. It requires a complete commitment and focus on healthcare with a long-term track record that shows you can and will deliver.

StrataJazz^®: Leading Planning, Analytics, and Performance Platform

The overall budgeting process for hospitals is badly broken. The typical organization spends three to six months and 100,000+ hours producing a budget that is usually tens of millions of dollars off the mark and out-of-date the moment it is finalized. There has to be a better way… and there is.

Named the market leader in Financial Planning and Analysis by KLAS, StrataJazz is the deepest Advanced Planning tool on the market, radically simplifying and streamlining how healthcare providers plan, budget, forecast and manage their operating and capital expenses. The end result is a planning process that is more efficient, accurate, and agile. StrataJazz leverages top-down rolling planning approaches, seamless integration of relevant cost data, and best-practice automation, workflow, and analysis to deliver a collaborative, results-oriented budgeting process and plan that is significantly more accurate and radically less time-intensive.

StrataJazz Productivity Reporting provides ongoing visibility into your organization’s labor productivity metrics on a daily and bi-weekly basis, leading to increased accountability over departmental labor expenses. It helps you analyze the future impact of local changes and major shifts in the market. Evaluate long-range investment goals, operational plans, and strategic initiatives. See their impact on your P&L, balance sheet, and cash flow. StrataJazz assesses how receding volumes, new payment models, and increasing costs will impact your profitability. Proactively respond to change and identify improvement opportunities, with access to more timely and accurate monthly projections and financial performance statistics. StrataJazz assists in planning, prioritizing, tracking, and managing the right mix of future capital investments for your organization while accommodating emergency or off-cycle requests. Leverage forecast models to assess the incremental impact of capital requests and make more informed decisions.

EPSi

More than ever, hospitals are facing complex business needs. Bundled payments, accountable care organizations, value-based care, population health, increasing labor costs and integration across product lines are just some of the challenges in today’s market. To help hospitals fuel their mission, they offer an integrated, on premise EPSi product suite with reporting and analytics, cost accounting, revenue modeling, planning and performance management. Labor productivity changes constantly. Gain access to vital reports on a daily basis without the need to separately collect data. As an EPSi customer, you’ll see your labor productivity reports side-by-side with supplemental information already in your database. Get the power to better manage labor costs. The company understands how important it is to manage labor costs, which tend to be the biggest single cost to an organization. Recommending the right staffing mix at a given point in time is a complex process. With Productivity Manager, you’ll benefit from native integration of the data with the operational budget and planning process. Combining those insights with a clear comparison against actual labor data will help you make the best decisions. EPSi’s Productivity Manager gives you the power to track actual staffing utilization against the standards agreed to during budget and planning, and compare to external benchmarks.

StrataSphere^®: A Unique Data-Sharing Platform and Network

To help providers leverage the power of their network, Strata Decision Technology has created StrataSphere, a unique and comprehensive data-sharing platform leveraging the best practices and insights of their network of over 400 health systems. StrataSphere utilizes machine learning to leverage trillions of data points from this network of providers already using StrataJazz for financial planning, analytics, and performance. For this reason, participation in StrataSphere requires no additional data submission or work effort. StrataSphere leverages accurate, trustworthy, and comprehensive data from StrataJazz and applies advanced machine learning techniques to provide a more complete understanding of an organization’s financial health in comparison to its peers. Whereas existing comparative analytics and benchmarking solutions rely primarily on public datasets, StrataSphere provides accurate, actionable, and timely comparisons of KPI metrics.

John Martino | Chief Executive Officer

As the CEO of Strata Decision Technology John's focus is to ensure the company delivers on its mission to help heal healthcare. The company’s financial planning, analytics and performance platform is used by over 2,000 hospitals and over 400 healthcare delivery systems, including many of the largest and most influential healthcare systems in the U.S. The company has been recognized multiple times as one of the fastest growing companies in the nation by Inc. Magazine, as one of the best places to work in healthcare by Becker’s Healthcare and has received the prestigious “Best in KLAS” recognition for the highest customer satisfaction by KLAS Enterprises for sixteen consecutive years.

Prior to joining Strata, John was the Controller with a 70-person team for Catamaran Corporation, a pharmacy benefit management company that is now part of OptumRx. Catamaran was a publicly-traded company with over $20 billion in revenue. John started his career at an enterprise healthcare IT company, where he helped put the systems, controls, and processes in place to support the company’s growth from $50 million to $300 million in revenue.

Mr. Martino has a BS in Accounting from DePaul University and is a Certified Public Accountant.

"We aim to help heal healthcare by working with hospitals and health systems to drive margin to fuel their mission."