StrataJazz is rated #1 in KLAS for Decision Support and Advanced Cost Accounting is known as the “gold standard” for understanding cost and margins. Our 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. StrataJazz is central to delivering value as understanding cost has shifted from a back room broken process to an urgent board room strategic priority.
StrataJazz® is a single, modular, cloud-based platform that brings healthcare providers a “flywheel” to better plan, analyze and perform driving margin to fuel their clinical mission.
Advanced Cost Accounting
StrataJazz provides you the ability to fully understand the true cost and margins across episodes of care, service lines and patient populations throughout the entire delivery network including hospitals, physician groups and post-acute care. Your cost information becomes accurate, accessible, and actionable when leveraging the industry’s most advanced cost accounting methodologies, including Time-Driven Costing™.
StrataJazz simplifies modeling of all payer contracts, including both government and commercial, to accurately estimate net revenue and margins in real-time. This enables you to manage your top line effectively by identifying underpayments as well as opportunities to maximize reimbursement and improve contract terms and quickly analyze impact of shifts in prices, populations or payer mix. The what-if capabilities help alleviate the stress of contract negotiations by providing quick and detailed analysis of payer proposals and their impact on revenue and margins across all service lines leveling the playing field for providers and payers.
StrataJazz helps you analyze patient cohorts across the full care continuum by linking of multiple encounters related to a patient’s care pathway. This provides the ability to analyze patient episodes in support of payor negotiations as well as in the longitudinal management of the patient population and contract. It helps you assess bundled and capitated payment models to ensure these agreements are profitable and sustainable.
StrataJazz helps providers offset topline pressure and maintain truly defensible pricing. Quantify the impact of pricing changes on net revenue based on payer contracts and aggregate price data from different source systems, to help you project the impact of proposed changes on collections, contract volumes, and margin.
StrataJazz® Mobile provides users with dashboards that include key financial data, visualizations, and analytics from the StrataJazz platform to help them make crucial decisions while on the go. If you are an existing Strata customer, StrataJazz Mobile does not require additional product licensing, cost or implementation effort.