50 Best Companies to Watch 2022
There are hundreds of software products used in most hospitals. They are looking for simplicity, not complexity. They are looking for a platform, not a product. Strata is not a product, they are a platform of software and service solutions for financial analytics, planning and performance.
With a combined network of 400+ health systems and 2,000+ hospitals and the highest service levels in the industry for over a decade, the new Strata brings a unique set of software and service solutions to help healthcare providers better analyze, plan and perform in support of reducing the cost of care and caring for their community.
Cloud Solution: Cost Accounting, Long Range Planning, Rolling Forecasting, OnePlan®, Capital Planning/Tracking, Productivity Reporting, Contract Analytics, Episode Analytics, Strategic Pricing, Continuous Improvement, Ad-Hoc Reporting, Executive Dashboards, StrataSphere®, StrataSphere DI Tool, Advanced Analytics, Management Reporting
On-Prem Solution: Enterprise Cost Manager, Strategic Product Budgeting, Enterprise Budget Manager, Capital Budget Manager, Productivity Manager, Product Line Analysis, Contract Modeling, Clinical Analysis, Reporting Manager, Enterprise Management Dashboard, Advanced Analytics, Data Studio, Data Extender, Data Dictionary
Advisory Services: Advanced Planning, Strategic Growth, Decision Support, Margin Optimization, Advanced Analytics
#1 in KLAS: For 16 years, Strata has received the prestigious “Best in KLAS” rating from the “Consumer Reports” of healthcare information technology. This #1 rating for Business Decision Support reflects Strata’s focus on delivering world-class experiences for their customers.
Trusted: Strata Decision Technology’s customer base includes over 400 of the nation’s most prominent healthcare delivery systems. With over 2,000 hospitals in the Strata network, there is not only safety in numbers, but a ton of learning and best practices that are leveraged.
Working with Strata is a different experience altogether
Strata Decision Technology’s mission and their passion is to help heal healthcare. Their work helps bend the cost curve and make healthcare more affordable, one of the biggest socio-economic problems and opportunities of their time. Strata’s people have a true sense of that purpose. Their halls are filled with smart, talented, committed, fun, giving and really good people who truly love helping their customers and solving big problems.
Strata has been given the Becker’s Healthcare “Top Place to Work in Healthcare” Award for six years, was voted “Top Place to Work” by the Chicago Tribune for the past two years, and just named “Best Place to Work” by Modern Healthcare. These lists highlight companies that promote diversity, employee engagement and professional growth creating an exceptional place to work.
The #1 Planning, Analytics, and Performance Platform
Healthcare providers have little to no access to accurate and actionable information on the cost of care. According to a recent survey, 90% of healthcare leaders are “flying blind” when it comes to understanding cost. How can you reduce variation, waste and inefficiency in order to invest in and improve care if you don’t have any access to data?
Strata is rated #1 in KLAS for Decision Support and Advanced Cost Accounting is known as the “gold standard” for understanding cost and margins. Their hospital cost accounting software is the most sophisticated Business Intelligence engine in healthcare. With methodologies like Time-Driven Costing™, Advanced Cost Accounting has become the first true “killer app” to hit the financial side of hospitals since the endless flurry of systems that were deployed over the last 40 years for revenue cycle management. Strata is central to delivering value as understanding cost has shifted from a back room broken process to an urgent board room strategic priority.
Meet the pillar of Strata Decision Technology
John is the CEO of Strata Decision Technology where his 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.
John previously served as Strata’s Chief Financial Officer & Chief Operating Officer responsible for overseeing Strata’s financial model and performance as well as being deeply involved in the company’s operations and strategic direction. With over 25 years in healthcare, John’s experience spans small and large software and healthcare services companies.
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.
John has a BS in Accounting from DePaul University and is a Certified Public Accountant.