Strata Decision Technology provides financial planning, analytics, and performance management software primarily for the healthcare sector. Their main product, StrataJazz, is a platform that assists organizations with budgeting, forecasting, and cost accounting. It helps clients make informed financial decisions, improve operational efficiency, and reduce costs, particularly in the face of rising expenses in labor, drugs, and supplies. Strata serves over 2,300 clients across healthcare, higher education, and finance, leveraging insights from a broad user community to enhance their offerings. Unlike many competitors, Strata focuses specifically on the unique financial challenges of healthcare organizations, ensuring that their tools directly support patient care and organizational sustainability. The company's goal is to be a trusted partner in enhancing financial planning and performance management, ultimately driving better financial outcomes for their clients.

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Strata Decision Technology

What You Should Know:– A new report from Strata Decision Technology reveals a significant decline in the number of bariatric surgeries performed in U.S. hospitals in recent years.– The trend coincides with the rising popularity of weight-loss medications like semaglutide (GLP-1s), which have gained widespread adoption since their approval for chronic weight management.Declining Surgical VolumesStrata’s analysis of data from 809 hospitals nationwide shows a clear downward trend in bariatric surgeries. In August 2024, the number of these procedures decreased by over 32% compared to August 2022. This decline corresponds with a substantial increase in semaglutide prescriptions, which jumped over 400% between January 2021 and December 2023, according to a JAMA study.Impact on Hospital MarginsThe decrease in bariatric surgeries has also affected hospital margins. The average total cost margin for these procedures has declined significantly, going from a positive $1,651.63 per procedure in January 2021 to a negative -$504.83 by June 2024. This suggests that hospitals are facing financial challenges as the volume of these profitable procedures decreases.Shifting Landscape of Weight ManagementThe rise of semaglutide and other weight-loss medications is changing the landscape of weight management

Bariatric Surgeries Decline As Glp-1S Use Rises, Impacting Hospital Margins

Priti Shah, Chief Product and Technology Officer, Iodine SoftwareForward-thinking hospitals have long recognized clinical documentation integrity (CDI) and utilization management (UM) as priorities for a successful revenue cycle. The current economic climate only underscores their importance. The latest performance trends data from Strata Decision Technology noted that, while operating margins remain stable, payment volumes experienced a shortfall of nearly 18% in Q1 of 2024. Now is the time for hospitals to explore how to further automate and integrate their CDI and UM functions. These improvements have clear financial implications, not only because they lead to faster approvals, fewer denials and more effective communication with payers, but also for the role they play together to improve resource utilization. There are clinical benefits, as well – accurate documentation of necessary treatment can enable real-time, evidence-based decision making that improves outcomes.CDI and UM are priorities, and there’s a growing movement to take a more holistic view of both. Hospitals use CDI to ensure the integrity and accuracy of clinical documentation for patients – from vital signs to lab results to ongoing consults – to maximize efficiencies, capture more revenue and optimize the allocation of resources. The goal is to collect complete and accurate documentation which can support optimal patient care, regulatory compliance, quality improvement efforts as well as stand up to the scrutiny of payer approval processes. UM teams also have a vested interest in documentation accuracy in order to help establish medical necessity, ensure the appropriate status for patients, and comply with local, federal, and payer requirements

Hospitals: Integrating Cdi And Um For Improved Revenue Cycle

What You Should Know:– A new report from Strata Decision Technology reveals mixed signals for the financial health of US hospitals. While operating margins have improved significantly year-over-year, rising drug and supply costs threaten to undermine this progress.– The US hospital sector shows signs of financial recovery, with improved margins and revenue growth. However, rising drug and supply costs pose a significant threat to continued progress. As healthcare leaders navigate this complex landscape, close monitoring of expenses and strategic cost-containment efforts will be crucial for long-term financial stability.Year-to-Date Margins Show ImprovementThe median year-to-date (YTD) operating margin for U.S. hospitals reached 5% in May 2024, a substantial increase compared to just 0.7% in May 2023. This positive trend suggests ongoing financial recovery for the hospital sector.However, a closer look reveals some cause for concern:Modest Month-to-Month Gains: The May margin is only slightly higher than April’s 4.7%, indicating a slow improvement rate.The May margin is only slightly higher than April’s 4.7%, indicating a slow improvement rate

Us Hospitals See Improved Margins, But Rising Costs Remain A Concern

What You Should Know:– U.S. hospitals and health systems continued to experience positive financial performance in April, with patient demand and revenues rising for the 12th consecutive month, according to new data from Strata Decision Technology.– While hospitals and health systems experienced positive financial performance in April, rising expenses remain a concern. Continued monitoring of these trends will be crucial for understanding the overall health of the healthcare industry.Key Findings:12th Consecutive Month of Revenue Growth: Gross hospital revenues saw double-digit increases across both inpatient and outpatient services, marking the 12th consecutive month of year-over-year (YOY) growth. Outpatient revenue led the way with a 15.3% increase, reflecting the ongoing demand for convenient outpatient care.Gross hospital revenues saw double-digit increases across both inpatient and outpatient services, marking the 12th consecutive month of year-over-year (YOY) growth. Outpatient revenue led the way with a 15.3% increase, reflecting the ongoing demand for convenient outpatient care. Steady Operating Margins: The median hospital operating margin remained stable at 4.7% for a second month, indicating healthy financial performance despite rising expenses.The median hospital operating margin remained stable at 4.7% for a second month, indicating healthy financial performance despite rising expenses

Hospitals See Strong Financial Performance In April, Despite Rising Expenses

–  Hospitals and health systems nationwide saw a sizable increase in delayed or missing payments in the first quarter, due in part to a recent, large-scale disruption to payment processing services, according to a new report from Strata Decision Technology. – The report, leveraging data from Strata’s extensive healthcare databases, unveils trends impacting hospitals, insurers, and patients alike.Delayed Payments Disrupt Revenue StreamsA significant finding concerns a surge in delayed or missing payments to hospitals. This can be attributed in part to a recent large-scale disruption in payment processing services. The financial impact is substantial, with estimated gaps in expected revenue ranging from 16.5% to 17.9% for the first three months of the year. The report highlights that both the largest and smallest hospitals were most affected.Two-Midnight Rule Expansion: Potential for Higher Inpatient AdmissionsThe report also examines the potential effects of the recently expanded Two-Midnight Rule. This rule requires Medicare Advantage patients to be admitted as inpatients if their care extends beyond two midnights. Analysis suggests this expansion could impact over 20% of Medicare Advantage encounters in 2024

Hospitals Grapple With Payment Delays, Two-Midnight Rule Expansion, And Outpatient Surgery Surge

CHICAGO--(BUSINESS WIRE)--The financial services industry has been slow to adopt artificial intelligence (AI) tools for customer service, but such applications are expected to accelerate in the next 12 to 18 months, according to a new survey report from Syntellis Performance Solutions, now part of Strata Decision Technology. Syntellis' 2024 CFO Outlook for Financial Institutions report draws on annual survey data from finance leaders at banks, credit unions, farm credit associations, and other financial institutions across the U.S. The results provide insights on how institutions fared in 2023, as well as current and future industry challenges, trends, and priorities. In addition to heightened interest in AI for customer service, other key findings include:Nearly all survey respondents (98%) predict interest rate changes will continue to be a primary driver of business model shifts throughout 2024.More than a third (37%) of financial institutions remain undecided on whether to implement FedNow.Generation Z is a primary customer target for nearly half (48%) of financial institutions.Commercial loans are projected to be the industry’s greatest area of profitability growth in 2024, according to 89% of respondents.“Financial institutions across the country continue to face numerous economic and market pressures in 2024, including interest rate shifts, evolving customer demands, and rising competition from neobanks and other digital-only providers,” said Eric Wheeler, Senior Director of Product Management at Syntellis Performance Solutions (now part of Strata Decision Technology). “Our survey shows that banks, credit unions, and other financial institutions are boosting investments in data and analytics, AI, and other technologies to enhance customer service, increase efficiencies, and streamline processes as they work to navigate these challenges.”. AI Tools for Customer Service Expected to Gain Momentum in 2024

Financial Institutions Expected To Boost Ai Investments For Customer Service In 2024, New Syntellis Report Finds

(Syntellis was recently acquired by Strata Decision Technology.)

Hospitals are seeing better margins, but how much can they improve?

Strata Decision Technology, which provides cloud-based software used by healthcare companies for decision support, performance analytics and financial planning, is combining with Syntellis Performance Solutions.

Strata Decision Technology Is Combining With Syntellis

CHICAGO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Strata Decision Technology (Strata), a pioneer and leader in the development of cloud-based financial planning, decision support and performance analytics solutions for healthcare, today announced that their parent company, Roper Technologies, Inc. (Nasdaq: ROP), has acquired Syntellis Performance Solutions, LLC (Syntellis) and will combine the two companies.Syntellis is a leading provider of enterprise performance management software, data and intelligence solutions for healthcare, higher education and financial institutions. By uniting these two industry leaders, the company can unlock new levels of insights and value for clients. Strata and Syntellis will continue to deliver market-leading solutions and world-class service, with an increased focus on accelerating innovation. Strata will be led by Strata Chief Executive Officer, John Martino

Strata & Syntellis Coming Together To Accelerate Innovation And Deliver World-Class Service

SARASOTA, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. The net purchase price represents approximately 15 times Syntellis’ expected 2024 EBITDA. Syntellis is a leading provider of cloud-based performance management and data solutions for healthcare, financial institutions, and higher education, and will be combined with Roper’s Strata Decision Technology business, a leading provider of healthcare financial planning, decision support, and performance management solutions."The Syntellis transaction is another great example of Roper’s disciplined and process-driven acquisition approach,” said Neil Hunn, Roper Technologies’ President and CEO. “Syntellis is a fantastic business that meets all of our acquisition criteria, including niche market leadership, mission critical solutions, a high recurring revenue mix, strong customer retention, negative working capital, and excellent cash conversion.”“Bringing together Strata and Syntellis will enhance the innovation and value that can be delivered to their combined customer base,” said Mr

Roper Technologies Has Acquired Syntellis Performance Solutions

Financial planning and analytics software provider

Strata Decision Technology

Financial planning and analytics software provider

Strata Decision Technology

Financial planning and analytics software provider

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