Strata Decision Selected as Decision Support Solution for Children’s Healthcare of AtlantaOctober 8, 2012 | Industry News Release
Strata Decision Technology (Strata Decision), a pioneer and leader in the development of innovative software tools for financial and business analytics in the U.S. healthcare market, is pleased to announce that Children’s Healthcare of Atlanta (Children’s) has selected StrataJazz as its integrated Decision Support solution for Cost Accounting. CHOA has been a Strata Decision client since 2008 using StrataJazz for its Capital Planning, Capital Investment Monitoring and Service Line Forecasting. CHOA also recently selected the StrataJazz Operational Budgeting solution in order to have a complete, single financial platform for planning, operating and pursuing service line strategies. Dan Michelson, Chief Executive Officer of Strata Decision Technology, commented that "Children’s selection of StrataJazz is confirmation of our critical role as a complete platform to support the planning needs of all types of healthcare organizations, including children’s hospitals. With the shifts in payments structures, including bundled payments, now being contemplated in the market, forward thinking organizations like Children’s are investing in advanced cost accounting and budgeting systems to gain a horizontal, service line view to better understand and manage their cost so they can re-invest in patient care.” Children’s is part of a large list of leading children’s hospitals, including Akron Children’s Hospital, All Children’s Hospital, Miami Children’s Hospital, Alfred I. DuPont Hospital for Children, Phoenix Children’s Hospital, and Children’s Hospital of Philadelphia, who use StrataJazz for their planning processes. StrataJazz is a comprehensive suite of solutions for planning, budgeting, reporting and decision support. It provides a full range of cost accounting, budgeting, forecasting and planning functions, integrates with virtually any data source, and provides advanced reporting to enhance accountability. About Children’s Healthcare of Atlanta Children’s Healthcare of Atlanta, a not-for-profit organization, is committed to enhancing the lives of children through excellence in patient care, research and education. Managing more than half a million patient visits annually at three hospitals and 17 neighborhood locations, Children’s is one of the largest clinical care providers for children in the country. Children’s offers access to more than 30 pediatric specialties and is ranked among the top children’s hospitals by U.S. News & World Report. With generous philanthropic and volunteer support, Children’s has made an impact in the lives of children in Georgia, the United States and throughout the world. Visit www.choa.org for more information. About Strata Decision Technology Strata Decision Technology is a pioneer and leader in the development of innovative SaaS (Software as a Service) solutions for financial and business analytics and decision support in healthcare. Founded in 1996, the Company's solutions are used by over 1,000 healthcare organizations, including major academic medical centers, community hospitals, children's hospitals and many of the largest and most influential healthcare systems in the U.S. The Company provides a single integrated software platform for budgeting, decision support, financial forecasting, strategic planning, capital purchase planning and tracking, management reporting, and performance management. The solutions are enhanced by a full range of services, including software implementation, data integration, application hosting, and technical support. The Company's headquarters are in Chicago, IL For more information, please visit www.stratadecision.com.