INFORMS presents Ramsey Medal to health care financial analytics executive Don Kleinmuntz

December 14, 2011

The Institute for Operations Research and the Management Sciences (INFORMS®) today announced the award of the INFORMS Decision Analysis Society Frank P. Ramsey Medal to Dr. Don N. Kleinmuntz, President and co-founder of Strata Decision Technology, a market leading provider of web-based financial analytics and performance management software tools used primarily by U.S. hospitals and health systems to enhance their financial planning, budgeting, and reporting processes.

The Ramsey Medal is awarded for outstanding contributions to decision analysis in academic accomplishment, business practice, or community service. The INFORMS Decision Analysis Society recognized Dr. Kleinmuntz for his accomplishments in all three areas.

Professor James S. Dyer of the University of Texas Austin, who presented the award, said, "Typically a Ramsey Medal winner is exceptional in terms of academic contributions to Decision Analysis, applications of Decision Analysis, or service to the Decision Analysis Society. Don is remarkable because of such strong contributions in all three areas."

Dr. Kleinmuntz's academic credentials include faculty positions at the University of Illinois at Urbana-Champaign, USC, MIT, and the University of Texas at Austin, during an academic career marked by numerous contributions to prescriptive and descriptive decision analysis.

Professionally, Dr. Kleinmuntz focuses on developing advanced analytics methods and approaches to improve business decision making and financial analysis. Together with his wife, Dr. Catherine Kleinmuntz, he started Strata Decision Technology, a company that provides software to over 800 hospitals and thousands of hospital-affiliated healthcare provider organizations. He has consulted on decision processes and decision analysis applications with a wide variety of corporations, professional service firms, hospitals, healthcare systems, and government agencies at both the state and federal level.

With a goal of service to his field, he was elected a member of the INFORMS Board three times, serving a total of seven years including a term as 2009 President of INFORMS, helped start the INFORMS journal Decision Analysis, which he co-edited; and has served as an officer of the INFORMS Decision Analysis Society. In 2007, he received the INFORMS Fellow Award.

The Ramsey Medal was named in memory of Frank Plumpton Ramsey, a British mathematician who made fundamental contributions to decision theory prior to his death in 1930 at the tragically early age of 26.

Dr. Kleinmuntz received the Ramsey Medal at the INFORMS annual meeting in Charlotte on November 13.
-end-
About INFORMS

The Institute for Operations Research and the Management Sciences (INFORMS®) is an international scientific society with 10,000 members, including Nobel Prize laureates, dedicated to applying scientific methods to help improve decision-making, management, and operations. Members of INFORMS work in business, government, and academia. They are represented in fields as diverse as airlines, health care, law enforcement, the military, financial engineering, and telecommunications. INFORMS serves the scientific and professional needs of operations research analysts, experts in analytics, consultants, scientists, students, educators, and managers, as well as their institutions, by publishing a variety of journals that describe the latest research in operations research, organizing academic and professional conferences, and providing a range of other services. INFORMS Online (IOL) is at www.informs.org. Further information about operations research can be found at www.scienceofbetter.org.

About Strata Decision Technology

Strata Decision Technology, based in Chicago, is a pioneer in the development of innovative software tools for financial and business analytics in the U.S. healthcare industry. Since its founding in 1996, Strata Decision Technology has become a trusted technology partner to leading hospitals, academic medical centers, and healthcare systems. Strata Decision Technology's unique approach combines sophisticated financial analytics with a flexible, highly configurable platform that enhances collaboration, coordinates plans and strategies, and communicates with non-financial audiences. The company's website can be found at www.stratadecision.com.

Institute for Operations Research and the Management Sciences

Related Hospitals Articles from Brightsurf:

'Best' hospitals should be required to deliver tobacco treatment
A UCLA-led report published today in the Journal of the American Medical Association Internal Medicine exposes what the authors call a weakness in the high-profile 'Best Hospitals Honor Roll' published annually by US News and World Report.

Veterans undergoing elective PCI at community hospitals may have increased chance of death compared to those treated at VA hospitals
Veterans who underwent elective percutaneous coronary intervention (PCI) for stable angina at a community facility were at a 33% increased hazard, or chance, of death compared to patients treated within the Veterans Affairs (VA) Healthcare System, according to an analysis of nearly 9,000 veterans published today in the Journal of the American College of Cardiology.

How should hospitals ask patients for donations?
A new study looks for the first time at patients' views of hospital fundraising, including legally allowable practices that encourage physicians to work with their hospital's fundraising professionals.

Proximity of hospitals to mass shootings in US
Nontrauma center hospitals were the nearest hospitals to most of the mass shootings (five or more people injured or killed by a gun) that happened in the US in 2019.

'Five star' hospitals often provide fewer services than other hospitals, new data suggests
If you're looking for a top-notch hospital with a wide range of services, narrowing your list to hospitals with a five-star patient experience rating might lead you astray.

Costs of care similar or lower at teaching hospitals compared to non-teaching hospitals
Total costs of care are similar or somewhat lower among teaching hospitals compared to non-teaching hospitals among Medicare beneficiaries treated for common medical and surgical conditions, according to a new study led by researchers from Harvard T.H.

How common, preventable are sepsis-associated deaths in hospitals?
This study estimates how common sepsis-related deaths are in hospitals and how preventable those deaths might be.

Veterans health administration hospitals outperform non-VHA hospitals in most markets
In a new study, researchers from The Dartmouth Institute for Health Policy and Clinical Practice and the White River Junction VA Medical Center in White River Junction, Vermont, used the most current publicly available data to compare health outcomes for VA and non-VA hospitals within 121 local healthcare markets that included both a VA medical center and a non-VA hospital.

Tele-ERs can help strengthen rural hospitals
A new study from the University of Iowa finds rural hospitals that use tele-medicine to back up their emergency room health care providers save money and find it easier to recruit new physicians.

Hospitals may take too much of the blame for unplanned readmissions
A new study out of Beth Israel Deaconess Medical Center reveals that the preventability of readmissions changes over time: readmissions within the first week after discharge are often preventable by the hospital, whereas readmissions later are often related to patients' difficultly accessing outpatient clinics.

Read More: Hospitals News and Hospitals Current Events
Brightsurf.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.