CHRISTUS Health Extends Agreement With Strata Decision Technology

CHICAGO, Nov. 13, 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 CHRISTUS Health (CHRISTUS) has signed a five-year extension to leverage StrataJazz for Budgeting, Capital, Long-Range Financial Planning, Rolling Forecasting, and Management Reporting. 

CHRISTUS Health is an international, Catholic, faith-based, not-for-profit health system comprised of almost 350 services and facilities, including more than 60 hospitals and long-term care facilities, 175 clinics and outpatient centers, and dozens of other health ministries and ventures. CHRISTUS is ranked among the top 10 Catholic health systems in the U.S., offering services in six states and internationally in Mexico and Chile. The organization has been a client of Strata Decision since 1999.

"Planning for the future while managing for today is extraordinarily complex given the number of changes and challenges we are navigating through in healthcare right now.  It is critical to have applications that support and simplify the short-term and long-term financial decisions that need to be made," said Kim Reynolds, Corporate Controller at CHRISTUS. "Strata Decision has been a very strong strategic partner of ours over the last fifteen years.  Their experienced team is passionate and dedicated to helping CHRISTUS to meet our financial goals in support of our clinical mission. We look forward to continuing our work together for many years to come."

CHRISTUS uses StrataJazz as a single unified platform for Budgeting, Capital, Long-Range Financial Planning, Rolling Forecasting, and Management Reporting system-wide. StrataJazz provides workflows and best practices that increase control and transparency by enhancing alignment around financial targets and strategic initiatives for all entities. StrataJazz integrates with CHRISTUS' Enterprise Resource Planning (ERP) tool from Meditech.

"CHRISTUS is one of our nation's great healthcare delivery systems and their ongoing commitment to Strata Decision is great confirmation of the market position of StrataJazz and our ability to deliver significant value in a large, complex setting," stated Dan Michelson, Chief Executive Officer of Strata Decision. "CHRISTUS Health is a forward-thinking organization, setting the path that others can leverage as we transition healthcare from volume-based to value-based.  We are very pleased to expand our partnership for five more years and be a partner with them on their incredible journey."

StrataJazz provides a single database platform 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.

About CHRISTUS Health

CHRISTUS Health is a Catholic, not-for-profit health care system comprised of 30,000 employees who serve in more than 60 hospitals and long-term care facilities in six U.S. states, six states in Mexico and Chile. Ranked among the top 10 Catholic health systems in the United States by size, CHRISTUS has assets of more than $4.6 billion.

CHRISTUS Health is inspired by its mission, vision and core values to deliver compassionate, high quality care, improving the health of the communities it serves. Above all, the company is committed to providing its customers and their family members with a truly unique healing experience, one that embodies its values and respects the dignity and worth of each person.

About Strata Decision Technology

Strata Decision Technology provides a cloud-based financial analytics and performance platform that is leveraged 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])

SOURCE Strata Decision Technology

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