SOURCE: Strata Decision Technology, L.L.C.

Strata Decision Technology, L.L.C.

March 30, 2016 09:00 ET

PinnacleHealth Selects Strata to Reduce Costs and Improve Quality

Leading Central Pennsylvania Health System to Leverage StrataJazz® to Improve Value-Based Care Processes

CHICAGO, IL--(Marketwired - March 30, 2016) - Strata Decision Technology (Strata), a pioneer and leader in the development of cloud-based financial analytics and performance tools for financial planning, decision support and continuous improvement for healthcare providers, announced today that PinnacleHealth System (PinnacleHealth) has selected Strata and will deploy StrataJazz® as its financial analytics and performance platform.

PinnacleHealth is a not-for-profit healthcare system based in Harrisburg, Pennsylvania with four hospitals and over 1,300 affiliated physicians. PinnacleHealth serves the central Pennsylvania region, and when measured against all 257 Pennsylvania hospitals, PinnacleHealth ranks in the top 5 percent for patient experience for major joint replacements, heart catheterization and stenting, open-heart surgery, kidney transplants and spine/back surgery.

"It was clear that we needed a single platform for both financial planning, budgeting and management, as well as for better understanding and managing cost in support of our clinical mission," said Bill Pugh, Chief Financial Officer, PinnacleHealth System. "Strata's comprehensive and integrated financial planning and performance platform has become the gold-standard in the market. Their proven work in integrating with Epic will allow our clinical data to come together with cost data and enable us to better understand and communicate to our clinical professionals the relationship between variation in clinical care delivery processes and the impact on cost. This improved understanding of cost variation will support both clinical and administrative decisions that translate into greater value for the community."

StrataJazz provides a cloud-based platform and single database for budgeting, forecasting, planning, cost accounting, and contract analytics while integrating with virtually any data source. Strata Decision's extensive library of best practices enhances the accuracy, efficiency and effectiveness of critical financial planning and management processes.

"The rapidly changing dynamics of healthcare delivery and reimbursement mean that hospitals and health systems must shift their focus from the top line to the bottom line from a clinical and financial perspective," said Dan Michelson, Chief Executive Officer of Strata. "PinnacleHealth understands that to deliver value-based care requires cost data that is accurate, accessible and actionable. We are thrilled to have the opportunity to support them in their mission."

About PinnacleHealth

PinnacleHealth offers a wide range of services from primary care to the most complex surgeries and Magnet recognition for nursing excellence. The healthcare network includes four campuses (Community, West Shore, Harrisburg and Polyclinic). With a total of 636 beds, PinnacleHealth hospitals admit more than 35,000 patients, treat more than 720,000 outpatients, receive more than 119,000 emergency visits and complete more than 35,800 surgical procedures each year. PinnacleHealth System also includes AAAHC certified PinnacleHealth Medical GroupPinnacleHealth Cancer Institute, and co-ownership of the Pennsylvania Psychiatric Institute with Penn State Health and the Helen M. Simpson Rehab Hospital with Select Medical. Medical services, including family practice, imaging, outpatient surgery and oncology are offered at multiple locations throughout the region.

About Strata Decision Technology

Strata Decision Technology provides an innovative cloud-based financial analytics and performance platform that is used by healthcare providers for financial planning, decision support and continuous improvement. Founded in 1996, the Company's customer base includes 1,000 hospitals and many of the largest and most influential healthcare delivery systems in the U.S. The Company's StrataJazz® application is a single integrated software platform that includes modules for capital planning, contract modeling, cost accounting, cost management, decision support, financial forecasting, management reporting, operational budgeting and performance improvement and strategic planning. The Company's headquarters are in Chicago, IL. For more information, please visit www.stratadecision.com.

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