Chicago — June 11, 2013 – The Healthcare Financial Management Association (HFMA) recently reviewed Strata Decision Technology's StrataJazz financial analytics, business intelligence and decision support platform using the Peer Review process. After undergoing the rigorous review, StrataJazz has been awarded the “Peer Reviewed by HFMA®” designation.

“This is a great milestone for the company that StrataJazz has passed the rigorous HFMA Peer Review process as a complete financial platform solution,” commented Dan Michelson, Chief Executive Officer of Strata Decision Technology. “With new payment structures that reward quality and outcomes, many provider organizations are now working with us to understand the true cost of care across the continuum (episodes, disease states, populations), rather than in traditional departmental or entity silos. Now more than ever, hospitals want and need a single financial platform with a single database from a single vendor. StrataJazz provides a single application for cost accounting, contract analytics, capital and operational budgeting, forecasting, and reporting, and planning that integrates with virtually any and every data source.”

StrataJazz is a complete financial platform used by over 160 healthcare delivery systems and 1,000 hospitals across the U.S. for financial planning, budgeting, reporting and decision support, including cost accounting and contract analytics. It is a single database, web-based (SaaS) solution platform that integrates with the organization’s existing systems, including their Electronic Health Record (EHR) and Enterprise Resource Planning (ERP) applications.

HFMA's Peer Review process provides healthcare financial managers with an objective third party evaluation of products and services used in the healthcare workplace. The rigorous, eleven-step process includes a Peer Review panel review comprised of current customers, prospects who have not made a purchase, and industry experts. Peer Review status of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.

“HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have met a rigorous screening process,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps members and others identify and evaluate products and services that their organization may need. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services."

About HFMA

The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 40,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues.

Contact HFMA

Scott Kenemore
Healthcare Financial Management Association
(708) 492-3389

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 analytics, business intelligence, 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, Ill.

Contact Strata Decision Technology

Lisa Chernikoff 
(312) 827-7635