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Strata Decision Technology and Snowflake Transform Healthcare Financial Analytics with Comprehensive Data Integration

1. Strata collaborates with Snowflake to create a large healthcare financial database. 2. The initiative enhances access to real-time financial insights in healthcare. 3. Strata unifies diverse data sets on Snowflake's platform for better analytics. 4. Healthcare organizations can streamline decision-making with accurate patient data. 5. Snowflake's capabilities support Strata's growth amid increasing data needs.

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Why Bullish?

The partnership enhances Snowflake's position in the lucrative healthcare analytics market. Historical collaborations in tech and healthcare often lead to increased valuations and stock performance.

How important is it?

The collaboration enhances Snowflake's product offerings, driving potential revenue growth and market presence.

Why Long Term?

The strategic integration positions Snowflake to capitalize on ongoing trends in health data management and analytics over time, similar to past examples where long-term contracts led to sustained revenue growth.

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Strata is leveraging the elasticity of Snowflake’s easy, connected, and trusted AI Data Cloud to scale its offerings for customers March 03, 2025 10:00 ET  | Source: Strata Decision Technology, L.L.C. CHICAGO, March 03, 2025 (GLOBE NEWSWIRE) -- Strata Decision Technology, a leader in the development of cloud-based financial planning, decision support, and performance analytics solutions for healthcare, today announced its collaboration with Snowflake, the AI Data Cloud Company, to create one of the largest comparable healthcare financial databases in the United States. This strategic initiative aims to deliver efficient access to near real-time and historical financial insights, with early adopters already beginning to access data directly through Snowflake. The collaboration enables Strata to scale its data capabilities by unifying its diverse data assets — which include financial, operational, clinical, cost and margin, and claims data — within Snowflake’s robust, cloud-based data platform. This unified approach helps eliminate data siloes and provides healthcare organizations with a single source of truth for financial decision-making. “Strata is rapidly innovating its data capabilities, and Snowflake is a key part of our innovation strategy,” said Jonathan Adams, Chief Technology Officer at Strata. “This collaboration strengthens Strata’s ability to deliver unique value and greater analytics horsepower for customers by offering among the largest and most diverse sets of healthcare data in the country.” “At Snowflake, we’re committed to providing healthcare organizations with a platform that transforms how they leverage their most valuable asset — their data,” said Joe Warbington, Industry Principal, Healthcare at Snowflake. “Our work with Strata Decision Technology demonstrates how Snowflake can empower healthcare financial analytics at scale, helping providers make more informed strategic decisions that ultimately improve patient care and reduce costs.” Ongoing integration of Strata’s data within Snowflake allows Strata to make its data more accessible to healthcare customers within StrataJazz and Axiom, its cloud-based enterprise performance management software platforms. As a result, both StrataJazz and Axiom customers get the benefits of more efficient scaling in response to organizations’ mounting data needs, and flexible data sharing to merge data from across multiple source systems and vendors. Snowflake also enables faster processing to accommodate increasingly complex data models, including Artificial Intelligence (AI) capabilities, Large Language Model (LLM) processes, and Machine Learning (ML). Strata is creating a comprehensive healthcare intelligence ecosystem within Snowflake by strategically integrating multiple high-value datasets. This includes healthcare performance and patient volume data from StrataSphere, and hospital and physician benchmarking data from Comparative Analytics. In the coming months, Strata also will bring its proprietary 835 Remit and 837 All-Payor Claims Data (APCD) into Snowflake. To ensure data quality and consistency across these diverse datasets, Strata is leveraging AI and ML on Snowflake to ensure that common definitions and standards are applied to make the data consistent and comparable. Strata also is leveraging Snowflake's capabilities to advance its patient data integration strategy through secure tokenization of thoroughly cleansed and de-identified patient encounter and claims information. This innovative approach allows healthcare organizations to trace comprehensive patient journeys across multiple providers and facilities while maintaining strict privacy standards. By connecting all-payor claims data — which cover approximately 70% of patients — with granular encounter data in Snowflake's easy, connected, and trusted data platform, Strata delivers unprecedented visibility into the complete patient care continuum. This unified view enables more personalized care planning and strategic resource allocation. The integration also facilitates more accurate insights. For example, by combining claims data with demographic data, healthcare leaders can generate more rigorous volume projections to help guide them in making more informed strategic decisions. Similarly, merging claims and patient encounter data will help organizations identify patterns in patient behaviors, including where they may be losing patients to market competitors. Strata’s collaboration with Snowflake emerged from Strata’s strategic initiative to future-proof its solutions amid explosive growth in customer data requirements. It is allowing Strata to move away from the limitations of its legacy StrataJazz on-premise SQL Server databases toward a highly scalable cloud architecture that meets the increasingly complex analytics needs of modern healthcare organizations. Using Snowflake's elasticity and performance, Strata can now scale its operations to deliver more accurate and efficient data and analytics capabilities for the customers it serves. About Strata Decision Technology Strata Decision Technology, LLC provides an innovative, cloud-based platform for software, and data and service solutions to help healthcare organizations acquire insights, accelerate decisions, and enhance performance in support of their missions. More than 2,300 organizations rely on Strata’s StrataJazz and Axiom solutions for market-leading service and enterprise performance management software, data, and intelligence solutions. To learn more about Strata and why the company has been named the market leader for Business Decision Support for more than 15 consecutive years, please go to www.stratadecision.com. Strata Social Networks LinkedIn: Strata Decision Technology Media contact: Sally Brown, Inkhouse strata@inkhouse.com

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