The Healthcare Financial Management Association (HFMA) recently announced that the StrataJazz® financial analytics and performance platform from Strata Decision Technology has achieved the "Peer Reviewed by HFMA®" designation for the second time.
HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions. The rigorous, 11-step process includes a panel review comprised of current and prospective customers, as well as industry experts. Peer Review status is based on an evaluation of effectiveness, quality, usability, price and value, as well as customer and technical support.
"Earning the HFMA Peer Review designation is a very meaningful accomplishment as it requires that the application and the company all pass strict criteria," stated Dan Michelson, Chief Executive Officer of Strata. "Earning HFMA Peer Review status twice is an extra special honor as only one-third of the companies who submit actually pass. Peer Review is a critical 'seal of approval' for financial applications in healthcare."
"We're pleased that Strata has once again earned HFMA's Peer Review designation," said HFMA President and Chief Executive Officer, Joseph J. Fifer, FHFMA, CPA. "The HFMA Peer Review program is a way for our members to identify the healthcare business solutions their peers are using to deliver organizational savings and performance improvements."
StrataJazz is a complete cloud-based financial analytics and performance platform for financial planning, decision support and continuous improvement for healthcare providers. The Company's customer base includes 1,000 hospitals and many of the largest and most influential healthcare delivery systems in the U.S. In addition to receiving the HFMA Peer Review designation, the Company has been named the Category Leader for Decision Support by KLAS Enterprises for two consecutive years, recently received Healthcare Informatics' Leading Edge Award, was recognized on the Inc. 5000 list of America's Fastest Growing Companies three years in a row, and has been named to Becker's list of Great Places to Work in Healthcare for three consecutive years.