Strata Decision Technology

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Current Time Inside Cache Tag Helper: 10/31/2020 3:40:00 PM and Model.VendorId = 61939

Strata Decision Technology's Current COVID-19 Response and Solutions

The following information was supplied by the vendor and has not been validated by KLAS.

COVID-19 Cost Capture and Recovery Model; Financial Impact Model
Understand the cost and revenue impact of COVID-19

THE COVID-19 COST CAPTURE AND RECOVERY MODEL

Accessing reimbursement, relief and funding programs at both the federal and state levels will require the complete and accurate accounting of costs related to COVID-19 by healthcare delivery systems. The financial viability of many organizations will hinge on their ability to complete this process initially, while also supporting and justifying the approach that was used in any future audits. Strata Decision Technology has developed a COVID-19 Cost Capture and Recovery Model to provide a complete process for understanding the cost and revenue impact of COVID-19 in order to support the efforts of healthcare providers.

STRATA REPORT: MODELING THE FINANCIAL IMPACT OF COVID-19

Strata has additionally modeled the financial impact of COVID-19 on U.S. hospitals and health systems. Data scientists from Strata Decision Technology (Strata) used a proxy group of related patient cases to model the effect on a representative sample of health systems across the U.S. Using the model, researchers found that, without raising the reimbursement premium on COVID-19 patient cases, the worst-case scenario will result in 97 percent of health systems losing an average of $2,800 per case, with many losing between $8,000 and $10,000 per case.


Current Time Inside Cache Tag Helper: 10/31/2020 3:40:00 PM and Model.VendorId = 61939

Best in KLAS Awards


Current Time Inside Cache Tag Helper: 10/31/2020 3:40:00 PM and Model.VendorId = 61939

Software Overall Score Data collected between Oct 2019 - Oct 2020

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