Huron Consulting Group and Strata Partner to Create First Solution for Value Performance Management
March 02 2016 - 7:55AM
Business Wire
Combined Software and Service Solution to
Drive Ongoing Value and Performance in Healthcare
Huron Consulting Group (Huron), a premier provider of business
consulting services, and Strata Decision Technology (Strata), a
leading provider of cloud-based financial analytics and performance
tools for healthcare, today announced a partnership to create a
unique solution to advance healthcare providers’ transition to
value-based care and address the underlying challenges of
accurately managing revenue, cost and margin. Huron and Strata have
developed the first software and service offering to achieve Value
Performance Management (VPM) and assist providers with that
transition.
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“Value Performance Management in the future will be what Revenue
Cycle Management has been in the past, a core competency for every
healthcare system,” said Dan Michelson, chief executive officer,
Strata. “Most providers have the mindset relative to delivering
value, but lack both the toolset and the skillset required to take
action. This combined solution addresses many of the roadblocks
that healthcare providers face as they transition to this new
business model. This unique software and service solution from two
of the industry’s most experienced and respected companies will
provide a trusted solution to help healthcare providers prepare for
value-based contracts and drive clinical and financial
performance.”
The multi-year offering combines the strength of Strata’s
cloud-based technology platform, rated #1 in KLAS and used by more
than 1,000 hospitals and 185 healthcare delivery systems, with the
proven expertise and experience of Huron’s more than 1,000
consultants in driving performance, to develop data-driven
solutions across the continuum of care. Together, Huron and Strata
will redefine how providers can optimally manage value and
performance across the enterprise.
“Delivering high quality care while actively managing cost and
margin is paramount for healthcare organizations,” said Gordon
Mountford, executive vice president, Huron Healthcare. “Our
experience in leading major change in markets, including revenue
cycle management, will help healthcare providers transition to this
new value-based business model. We are excited to combine our cost
and clinical performance improvement expertise with Strata’s proven
platform for cost accounting, cost management and continuous
improvement to deliver a new technology-enabled solution that will
assist hospitals and health systems through an incredibly complex
transformation while driving performance on a sustained basis.”
From a healthcare provider’s perspective, this software and
service solution will provide the resources, expertise, automation
and accountability to drive both clinical and financial
performance. To find out more, please contact either Strata at
vpm@stratadecision.com or Huron at
vpm@huronconsultinggroup.com.
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. Strata has been
ranked #1 as the KLAS Category Leader for Decision Support-Business
for the past two years. The Company's headquarters are in Chicago,
IL. For more information, please visit www.stratadecision.com.
About Huron Healthcare
Huron Healthcare is the premier provider of performance
improvement and clinical transformation solutions for hospitals and
health systems. In 2015, Huron acquired Studer Group, the market
leader in driving healthcare cultural transformation. The
combination of Huron and Studer Group is focused on improving
healthcare providers’ clinical, operational, and financial
outcomes. By partnering with clients, Huron delivers solutions that
improve quality, increase revenue, reduce expenses, and enhance
physician, patient, and employee satisfaction across the healthcare
enterprise. Clients include leading national and regional
integrated healthcare systems, academic medical centers, community
hospitals, and physician practices. Modern Healthcare ranked Huron
Healthcare fourth on its 2015 list of the largest healthcare
management consulting firms. Learn more at
www.huronconsultinggroup.com/healthcare or follow us on Twitter:
@Huron.
About Huron Consulting Group
Huron is a global professional services firm focused on
assisting clients with their most complex business issues by
delivering high-value, quality solutions to support their long-term
strategic objectives. Huron specializes in serving clients in the
healthcare, higher education, life sciences, and commercial sectors
as these organizations face significant transformational change and
regulatory or economic pressures in dynamic market environments.
With its deep industry and technical expertise, Huron provides
advisory, consulting, technology, and analytic solutions to deliver
sustainable and measurable results. Learn more at
www.huronconsultinggroup.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160302005488/en/
Huron Consulting GroupBrenda Stewart,
312-827-7736bstewart@stratadecision.comorJenna Nichols,
312-880-5693jnichols@huronconsultinggroup.com
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