Company Profile
Stratum Med, Inc.
Company Overview
Stratum, incorporated in 1996, is a physician owned and governed services company with Shareholders located in Indiana, Illinois, Iowa, Michigan, Ohio and Wisconsin. Stratum was formed by nine highly successful Midwestern medical groups. Stratum has selectively added Shareholders to expand strategically and now consists of fourteen owners, all of which are independent or hospital-owned, multi-specialty group practices. Further, Stratum has expanded nationally and has client relationships with approximately 50 additional healthcare organizations across the country. Currently there are over 6,000 physicians associated with Stratum.
Stratum is an Illinois corporation with 1 million shares of common stock outstanding. This stock is held by the Shareholders highlighted in the "Shareholders" section of this site. The Shareholders are either physician professional corporations (clinics) or hospitals who have related physician organizations. Each Shareholder enters into a Service Agreement with Stratum to buy services. These services are provided via Stratum’s distinct product lines:
Group Purchasing
Insurance Products
Recruitment Services
Shared Services
Stratum Shareholders share the following philosophies and ideals which creates the driving force behind Stratum's business model:
Leverage, whenever possible, Stratum’s collective buying power when negotiating with vendors or service providers
Avoid "re-inventing the wheel" each time a common project or initiative surfaces when a Stratum product, endorsed by all Shareholders, can be rolled out.
Driven by best practice standards, standardize processes where possible and migrate toward common systems.
Create a "second to none" peer group where issues can be shared and discussed.
Share the talents and capitalize on the wealth of intellectual capital that exists amongst Shareholders.
Notable Clients
large medical groups and health systems in the Midwest and across the country including Carle Foundation Hospital and OSF healthCare