Healthcare Strategic Growth Blog

Quiz: How Strong is Your Strategic Planning Process?

Posted by Lee Ann Lambdin on Jan 12, 2021 1:20:00 PM

Does your hospital have a good strategic planning process in place? How frequently is the plan updated and does it impact your day-to-day work and growth planning? Take this short quiz and find out how your team is doing with strategic planning!

With this quiz, you'll receive:

  • Immediate feedback as to how good your team is at strategic planning
  • Tips and best practices for improving your strategic planning process
  • Insights about the value of strategic planning to meet growth, quality, service, and physician relations goals
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Tags: strategic planning, healthcare strategic planning, hospital strategic planning

CMS Hospital Price Transparency: Everything You Need to Know

Posted by Morgan Atkins on Jan 5, 2021 2:15:59 PM

Key Details Related to This Ruling

By Morgan Atkins

On November 15, 2019, the final price transparency rule was issued by CMS. It went into effect on January 1, 2021. Here's what hospitals need to know about the goal of this ruling and what they have to do to achieve compliance. 

The Cliff Notes 

A couple of key points hospitals should keep in mind:

  • All hospitals must participate, though it’s not applicable to federally owned hospitals (VA, IHS, Tribal)
  • Prices must be updated annually

There are two essential parts to the ruling:

Part 1: Hospitals must share a comprehensive list of standard charges. The list must be in a single machine-readable file format. 

Part 2: Hospitals must share a consumer-friendly list of 300 shoppable services. 

  • CMS lists 70 services that must be included in the 300; hospitals can select the other 230
  • There’s no requirement for how to post this list, i.e., a machine-readable format is not required. And the listing requirement is waived for hospitals already providing internet-based price estimator tools for patients.
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[Infographic] The Health of America

Posted by Gavin Chance on Dec 28, 2020 7:00:00 AM

A Look At the Healthiest and Unhealthiest ZIPs in the US

By Gavin Chance 

Even more so than in the past, health and wellness are top of mind as we begin a new year. Americans everywhere are setting New Year’s resolutions and hoping for a healthier, happier 2021.

It can be beneficial to understand the past state of our health as we collectively look to the future and make plans for improvement. This infographic shares statistics and trends about our health as a country, focusing on the following information from 2018:

  • The average amount spent on health

  • The average number of visits to the doctor

  • The number of cigarettes smoked

  • The average amount spent on prescription drugs

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Tags: data visualization, data analytics, healthcare demographics, infographic

Stratasan's Most Popular Blogs of 2020

Posted by Jennifer Keller on Dec 21, 2020 3:07:29 PM

2020 has been a year full of learning, growing, and overcoming for all of us. We hope Stratasan's Strategic Growth blog series has been a bright spot in your week, delivering insight and inspiring creativity. We uncovered innovative solutions to the healthcare revenue crisis, learned how to identify service line opportunities, discovered how new diagnosis and procedure codes are created, and much more.

As we close out the year, we thought it'd be helpful to share our five most popular blog posts of 2020. These posts received the most views and seemed to provide useful growth guidance to you, our readers. If you’re staying home for the holidays or enjoying some downtime before the new year begins, check out these posts that you may have missed or revisit your favorites for fresh insight.

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Tags: Blog, strategic growth, health care, healthcare, healthcare strategic growth, 2020

Delays in State Data Reporting Due to COVID-19

Posted by Hank Neuhoff on Dec 8, 2020 3:03:59 PM

Where and Why We’re Experiencing Data Interruptions 

By Mike McDonald, Lee Ann Lambdin, and Hank Neuhoff

Our team is currently encountering delays in data reporting. The reasons for these delays are mixed, but they all seem to tie back in some way to COVID-19. In this post, we’ll discuss a few of the hold-ups we’ve encountered and what we’re learning about why states are struggling to deliver 2020 data on time. 

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Founder’s Post: Stratasan's 2020 Year-End Reflections

Posted by Jason Moore on Dec 1, 2020 3:45:18 PM

How Our Purpose, Niche, and Story Are Designed to Help You Succeed

By Jason Moore

We recently held our annual Town Hall, which is a time set aside for reflection and preparation for the new year. Following the pattern of most everything else in 2020, this year’s Town Hall looked different from the past. It was virtual and shorter in length in an effort to be mindful of the taxing nature of multi-hour video meetings. 

One consistency from the past was that much of the time was spent reflecting on our purpose, niche, and the ongoing evolution of our company story. This trifecta encompasses what makes our company unique, our “special sauce,” if you will. 

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Tags: data-driven decisions, dikw pyramid, founder's reflections, decision-driven decisions

4 Ways to Identify Service Line Opportunities

Posted by Morgan Atkins on Nov 10, 2020 1:15:00 PM

Drive Growth and Provide Quality Care

By Morgan Atkins

While vital to growth, service line development can be risky and typically requires a significant time and financial investment. In order to minimize risk and expand your service offerings more effectively, hospitals need reliable, data-based intelligence to guide their efforts.

In this post, we consider four ways to identify pockets of unmet demand and consider how to add new facilities in these areas. We’ll highlight some common mistakes providers often make and discuss how to get a more detailed understanding of your patient population so you can focus on the right service line growth opportunities.

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Tags: growth planning, healthcare service area, healthcare service line, service area, service area growth, service line growth, hospital service area, hospital growth

3 Essential Questions to Ask of Your APCD Provider

Posted by Morgan Atkins on Nov 3, 2020 12:30:00 PM

Uncover the Fundamental Truths Your APCD Should Deliver

By Morgan Atkins and Daniel Dreaden

Not all APCD (all-payer claims data) is created equally. Depending on the data aggregator and clearinghouse used, the APCD offered by any given analytics company can vary significantly.

When choosing a partner to provide your APCD, it can be difficult to discern what’s most important. Many incentives offered may sound nice to have, but could also be distractions to keep you from noticing more critical features that are lacking. As you consider your options, keep these three questions in mind:

  • Does this APCD provide patient cohort tracking?
  • Will you be able to access submit and remit data?
  • Is there transparency into what is being modeled and how?

Let's discuss in more detail each of these questions and why it’s critical to have these clearly answered before signing on with an APCD provider.

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Tags: data analytics, healthcare data, healthcare analytics partner, healthcare data analytics, all-payer claims data, apcd

How to Conduct a Virtual CHNA

Posted by Lee Ann Lambdin on Oct 20, 2020 3:53:46 PM

Unprecedented Times Call for Unprecedented CHNA Processes

By Lee Ann Lambdin

Every three years, non-profit hospitals, and many for-profit hospitals, take part in a months-long process called a Community Health Needs Assessment (CHNA). A CHNA is designed to identify the community’s greatest health needs before they develop an action plan to address them. Because of the COVID-19 pandemic, many hospital officials have been forced to alter their approach this year, attempting the intimidating prospect of a virtual CHNA. They’ve switched to virtual sessions or telephone interactions to gather and share information. Granted, it‘s not ideal to complete an entire CHNA remotely, but it is possible. Stratasan has had the opportunity to perform three fully remote CHNAs in 2020. In this post, we’ll discuss how to conduct a successful virtual CHNA.

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Tags: chna, community health, Community Health Needs Assessment

The Many Ways Hospital Associations Provide Value

Posted by Megan Reeves on Oct 6, 2020 8:44:31 AM

Tips for Supporting and Encouraging Providers and Members

By Megan Reeves

Hospitals are looking to their state associations for help now possibly more than ever. They need reassurance as they navigate uncertainty about the future and the impact of COVID-19. They’re anxious to respond to changing legislation. They’re concerned with whether or not they’re equipped to sustain their current staff and grow in the future.

In this post, we’re highlighting the many ways we’ve seen hospital associations step up and support their hospitals in meaningful ways. We wanted to shed light on the work being done and offer inspiration to associations looking for fresh ways to provide value.

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Tags: Star platform, hospital associations, state associations

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