StrataCap was the company’s ground-breaking first product, and is a complete solution for capital budgeting in both healthcare systems and standalone healthcare provider organizations. When designed and introduced in 1996, it was the first-ever capital budgeting system specifically for use in not-for-profit healthcare provider organizations. It supports a systematic, collaborative planning process. Rewritten several times, it evolved into a fully developed and highly effective web-based software solution that has been successfully implemented as both an ASP-based and a customer-hosted application. StrataCap has been successfully used by hundreds of hospitals ranging from 75-bed stand-alone facilities to the largest, most complex academic medical centers. StrataCap is particularly effective as a system-wide single-database solution for multi-hospital integrated healthcare systems, and has been implemented successfully at some of the largest such organizations. The StrataJazz Capital Planning framework benefited from 15 years of practical experience with StrataCap, and implements all of the best-practices and functionality acquired in that time.

StrataTrak is a complete solution for post-approval implementation of capital expenditure plans and projects. When projects are approved in StrataCap, they are then transferred directly to StrataTrak, permitting purchase requisitions, funding approvals, and post-implementation project effectiveness tracking to be easily compared to original project plans. StrataTrak can be directly integrated with other vendors’ solutions, including a wide range of purchasing and materials management systems and ERP modules. Large healthcare organizations have realized huge cost savings as a result of the transparency and control provided by StrataTrak integration. Close to a decade of experience with StrataTrak has been captured and implemented in the StrataJazz Capital Tracking framework.

Ground-breaking StrataCap and StrataTrak features included:

• Electronic capital request forms to develop and review standardized proposals
• An on-line review process for fast and efficient approval of proposals
• Optimization tools that use an advanced analytic framework to solve for the best portfolio of proposals
• Ability to control the timing of cash flows for approved projects through an on-line automated approval process
• Detailed line-item tracking

StrataCast

StrataCast is a system for forecasting pro-forma financial statements over a five to ten year period, and performing other sophisticated financial analyses, including debt capacity analysis, system-wide consolidation of plans and strategies, and analysis of the impact of strategic initiatives on income, cash flows, and balance sheet statistics. The software uses Microsoft Excel as the front-end modeling and analysis interface, with a Microsoft SQL Server back end to store data and model templates. The product introduced several important innovations to healthcare strategic financial planning, including powerful yet easy to use tools for risk and sensitivity analysis, and creation of Microsoft Word reports and PowerPoint presentations with the press of a single button. The tool has been and is still being used by many large healthcare provider organizations and systems, as well as by financial service providers (consulting firms, financial advisors) to facilitate their work with their client organizations. More than a decade of experience with StrataCast has been fully incorporated in the StrataJazz Strategic Planning Frameworks.

StrataCast features include:

• Automated sensitivity and risk analysis tools
• Ability to combine business plans from multiple projects to determine the overall impact on the bottom line
• Automated comparisons of business entities, service lines or projects on financial statements, ratios, or statistics
• Easily generate PowerPoint presentations and Microsoft Office documents that are easy to modify to meet particular requirements