Strata Decision Technology’s Post

HEALTHCARE: Profitability secrets revealed! Explore 29 eye-opening stats from Strata Decision Technology's data. The article by Becker's Healthcare delves into the impressive margin growth of smaller hospitals and significant regional shifts shaping the health system landscape. See how your region compares and what these trends mean for the future! 🔗: https://bit.ly/3AXWWiW

This week, Strata’s Portland Hub enjoyed a vibrant mini golf event as part of the summer Strata Circle Regional Hub gatherings! 🌟⛳️ With 24 team members in attendance, the day featured delicious food, friendly competition, and plenty of fun. Aligned with the Colorful Connections theme, attendees embraced the challenge of wearing purple with enthusiasm. 💜 A heartfelt thank you goes out to everyone who participated and made this event a success. The camaraderie shared underscore the value of these gatherings in strengthening team connections. Looking forward to the next opportunity to come together and celebrate as a team. #StrataCircle #TeamBuilding #ColorfulConnections

At Strata, we believe that home is where the heart is. That’s why we are partnering with Digs With Dignity to transform empty spaces into warm, welcoming homes for families in need. Through our "Digs Days," Strata employees get paid volunteer days to roll up their sleeves and make a real difference in our community. Digs Day #1 was a huge success! Our amazing volunteers worked together to move, assemble, and clean, creating a space that fosters emotional security, positive relationships, and strengthened family bonds. A big thank you to all the volunteers who made this possible. Your efforts are helping to turn houses into homes, and it’s a privilege to be part of such a meaningful initiative. #StrataGivesBack #DigsWithDignity #CommunityImpact

HEALTHCARE: Smaller health systems are still feeling the ripple effects of the February ransomware attack, as revealed by Strata Decision Technology data in a recent Becker's Healthcare article. While larger systems have rebounded, many smaller systems continue to experience significant revenue losses and payment shortfalls. The article underscores the critical need for robust financial strategies to support these organizations through recovery. Read more: https://bit.ly/3MfAMv6 #Healthcare #RansomwareRecovery #StrataInsights #HealthTech

FINANCIAL INSTITUTIONS: According to Eric Wheeler, Senior Director of Product Management at Strata, in-store branches peaked in popularity between 1980-2000, due to a rise in demand for limited-service banking and check-cashing services. But today, in-store branches are slowly disappearing, with closures outpacing openings by wide margins. In moving forward toward optimizing performance, financial institutions will need to continue to measure the value of relationships and adapt to continued landscape changes. Read more on this ongoing trend in this American Banker piece by Jon Reosti➡️: https://bit.ly/3YSeerI #FinancialInstitutions #Strata #Performance

HEALTHCARE: When cyberattacks strike, the impact can be devastating. Even with the help of bridge payments and accelerated payments offered by some payers, smaller health systems continue to feel the impacts of the February cyberattack because they have fewer resources to absorb these types of disruptions. As highlighted in Katie Adams' recent MedCity News article, Strata’s latest report sheds light on these challenges and underscores the urgent need for enhanced support strategies. To learn more: https://lnkd.in/gDYcbsPU #HealthcareChallenges #Cybersecurity #SupportOurHealthSystems

This week, team members from the greater Boston area, including New Hampshire and Rhode Island, came together with special guests Chief Services Officer Jennifer Rauworth and Chief Growth Officer Frank Stevens to celebrate the summer Strata Circle Regional Hub gatherings! The group enjoyed an evening in downtown Boston with delicious food, bowling, and great company. Connections were made on both professional and personal levels—some might even be ready to form a Strata bowling team! In true Strata style, everyone dressed up in their finest greens!💚 #StrataCircle #TeamBuilding #BostonEvents #CompanyCulture

FINANCIAL INSTITUTIONS: Thats a wrap on our 2024 Syntellis Financial Institutions Summit! Thanks to everyone who made our #FISummit a success! • Customers shared insights on industry challenges, best practices for profitability, and the benefits of visual reporting. • Jay Papasan, author of The One Thing, emphasized the power of focusing on the one thing that simplifies everything else. • CEO John Martino highlighted Strata's commitment to growing our Financial Institutions vertical. • We hosted an exciting live networking session with peers from Banks and Credit Unions nationwide. Today we're celebrating a successful event! Tomorrow we'll be thinking about Summit 2025 — SAVE THE DATE: August 19-20, 2025! And in the meantime, join us at our Regional User Group events throughout the year. Missed the event? Watch on-demand sessions here: https://bit.ly/46Yvlug #FISummit #Strata #FinancialInstitutions #Networking

FINANCIAL INSTITUTIONS: We were thrilled to announce HTLF Bank as Strata Decision Technology's inaugural LEAP Award winner during the first day of the 2024 Financial Institutions Summit today. This annual award recognizes one Axiom Financial Institutions Suite customer that is driving real, lasting change to benefit its institution and the customers and communities it serves, and that helps us propel our products forward to benefit all our financial institution customers. #FinancialInstitutions #LEAPAward #Strata #FISummit

HEALTHCARE: Rising labor costs are here to stay. Kaufman Hall's latest report, using Strata Decision Technology data, highlights a significant rise in healthcare providers' expenses. For more details, check out the full report here: https://bit.ly/4dnDtGX #HealthcareFinance #StrataInsights #HospitalManagement