Cook Children's Health Care System Selects Strata Decision As Complete Financial Platform

CHICAGO, Dec. 10, 2014 /PRNewswire/ -- Strata Decision Technology (Strata Decision), a pioneer and leader in the development of cloud-based financial analytics and performance tools for financial planning, decision support and continuous cost improvement for healthcare providers, announced today that Cook Children's Health Care System (Cook Children's) has selected StrataJazz™ for budgeting, capital planning, long-range financial planning, rolling forecasting, and reporting.

Cook Children's is a not-for-profit, nationally recognized pediatric health care organization comprised of eight entities –including a Medical Center, Physician Network, Northeast Hospital, Pediatric Surgery Center, and Health Foundation. Based in Fort Worth, Texas, the integrated system has more than 60 primary and specialty care offices throughout North Texas.

Cook Children's joins Strata Decision's ever-growing list of children's hospital clients that now includes Boston Children's Hospital, Children's Healthcare of Atlanta, Akron Children's Hospital, Texas Scottish Rite Hospital, and Children's Hospital and Clinics of Minnesota. 

"We chose Strata Decision as our strategic partner because we wanted a SaaS solution with advanced functionality," said Cory Rhoades, Chief Accounting Officer at Cook Children's. "But the main driver for our organization was having all of our financial data and workflows within a single application and single database with a single vendor.

Cook Children's will integrate StrataJazz with their existing enterprise systems, including their Electronic Health Record (EHR) from MEDITECH and their Enterprise Resource Planning (ERP) application from Lawson.  With the platform in place, Cook Children's will have their financial planning data, processes, and workflow within a single database platform to support their financial planning and management needs. The health system will complete the implementation of StrataJazz in mid-2015.

"Cook Children's represents another data point in a trend towards consolidation of disparate financial applications into a single platform to become more competitive in both the short and long-term," said Dan Michelson, Chief Executive Officer of Strata Decision.  "And as we enter into 2015, that requirement will become even more critical for all hospitals and health systems.  Those who don't make this transition won't be ready for the changes in the underlying financial model now in motion in healthcare."

StrataJazz is a single integrated SaaS platform for operational budgeting, decision support, financial forecasting, strategic planning, capital management, management reporting, and performance management.  Strata Decision's extensive library of best-practices enhances the accuracy, efficiency and effectiveness of critical financial planning and management processes.

About Cook Children's Health Care System

Cook Children's Health Care System is a not-for-profit, nationally recognized pediatric health care organization comprised of eight entities – a Medical Center, Physician Network, Home Health company, Northeast Hospital, Pediatric Surgery Center, Health Plan, Health Services Inc., and Health Foundation. Based in Fort Worth, Texas, the integrated system has more than 60 primary and specialty care offices throughout North Texas. Its service region includes Denton, Hood, Johnson, Parker, Tarrant and Wise counties, with an additional referral area encompassing nearly half the state. Cook Children's traces its roots back to 1918, but throughout its continual change and robust growth, it still embraces an inspiring promise – to improve the health of every child in its region through the prevention and treatment of illness, disease and injury.

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 cost 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.

Contact:

Lisa Chernikoff, Strata Decision Technology, (312)827-7635, [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cook-childrens-health-care-system-selects-strata-decision-as-complete-financial-platform-300007215.html

SOURCE Strata Decision Technology

Related Links

http://www.stratadecision.com

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