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

March 01, 2016 13:23 ET

Strata Financial Analytics Platform to Be Adopted by Aurora Health Care

Largest Health Care System in Wisconsin to Use StrataJazz for Budgeting, Forecasting and Decision Support

CHICAGO, IL--(Marketwired - March 01, 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 health care providers, announced today that Aurora Health Care will engage with Strata to deploy StrataJazz® as its full financial analytics and performance platform.

Aurora Health Care (Aurora) is the largest health care system in the state of Wisconsin with 15 hospitals and 159 clinics, serving over 1.2 million patients every year. Aurora hospitals are regularly ranked among the best hospitals in the U.S. and Aurora is known as a national leader in health care quality, having recently been recognized as part of The Joint Commission's 2015 annual report "America's Hospitals: Improving Quality and Safety" for attaining and sustaining excellence in accountability measure performance.

Aurora will deploy the full StrataJazz SaaS platform for decision support, continuous improvement, operating budgeting, capital planning, strategic planning, long-range financial planning, rolling forecasting, productivity reporting and management reporting.

Strata will serve as a keystone solution to understanding and managing costs. A major component in Aurora's decision to partner with Strata is its proven track record with Epic, which will provide Aurora the ability to share integrated clinical and financial data in a much more efficient, effective and thoughtful way.

Aurora will integrate StrataJazz with its existing enterprise systems, including its Electronic Health Record (EHR) from Epic Systems and financial application from Infor.

"Aurora is one of largest and the most well respected health care systems in the nation and we are excited to have the opportunity to partner with them," said Dan Michelson, chief executive officer of Strata Decision Technology. "As health care delivery and reimbursement incentives change from volume-based to value-based, Aurora has been a national leader in developing new models of care. They also recognize it will be challenging to make these new models work without the data and workflow to understand cost and margins. We're looking forward to collaborating with Aurora in support of their mission to help people live well."

About Strata Decision Technology

Strata Decision Technology provides an innovative cloud-based financial analytics and performance platform that is used by health care 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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