Oracle’s Major Moves in the Healthcare Industry

By Michael Awood

September 29, 2023

Oracle, an IT company, has been making recent waves within the healthcare space. In late 2021, Oracle announced its plans to acquire Cerner, a digital information systems provider whose software hospitals use. The deal concluded a year later, in 2022, which saw Oracle take a share of the healthcare market in the Electronic Health Record space. This is because of Cerner’s already established presence.

The US has had a strong focus on healthcare services. The HITECH Act introduced an important piece of healthcare legislation in 2009. With this act, the US looked to spend around $25 billion to expand the adoption of health information technologies (HIT). One of the main areas of this act was the promotion of EHRs. It introduced incentives for adoption – specifically “meaningful use” of the technology. With this move, the shift of HIT – and subsequently healthcare – looked at improving both patient and provider experience. Initially, they did not introduce any penalties, but since 2015, they have been imposing penalties if they show no meaningful use. Keeping this in mind, Oracle positions itself well to use its strong technology services through its cloud in the healthcare domain. It can do this by optimising previous areas of healthcare with its existing technologies or by creating new and better ones.

A few years on, we now see Oracle making larger steps into this space. Earlier this year, a collaboration began between Deloitte and Oracle – “Deloitte Health – Oracle Accelerated”. Deloitte aims to enhance healthcare delivery systems and continue their work in the healthcare field as part of the Oracle Partner Network.

Oracle showcased their most recent move at their Oracle Health Conference. They announced the further integration and optimisation of their cloud services into the EHR space by leveraging generative AI. This looks to improve patient experience and decrease the administrative burden on the providers. They specifically spoke about how this should rather add value to services while “eliminating redundant processes“. The Clinical Digital Assistant is going to do exactly that. Being multimodal in its design, it’s able to read notes, take voice commands from providers and is context-aware. It provides the patients with crucial reminders of their appointments and can answer questions about their treatment regimes.

The outcome of this assistant also looks at personalising the care pathway and experience. This is an understated area of healthcare as it purely looked at the standard model of treating the problem. Providing information to the patient, and guiding them through what could be a difficult journey, ensures a higher efficiency in value creation. Wide adoption of the tools has been prioritised as Oracle ensured that the services could be added on in a modular fashion without having to implement large system changes. It is expected that these tools roll out over the next few months.

Cover image taken from the Oracle Health Conference Keynote. Watch it here

 

Reference url

Recent Posts

early aortic stenosis surgery
        

Earlier Surgery Recommended for Heart-Valve Patients: New Study Insights

💔 Are we waiting too long for heart health interventions?

A recent study suggests that patients with severe aortic stenosis may benefit significantly from earlier surgical intervention, overturning traditional ‘wait and see’ practices. This shift, utilizing minimally invasive techniques, could prove vital in reducing unexpected hospitalizations and improving overall outcomes for patients, especially seniors. Learn more about this pivotal research that may redefine treatment protocols in cardiology!

#SyenzaNews #HealthcareInnovation #ClinicalTrials #MedTech #HealthTech

cross-border health surveillance
   

Strengthening Cross-Border Health Surveillance in Africa

🌍 How can enhanced cross-border surveillance improve public health security in Africa?

Check out the Africa CDC’s newly launched Strategic Framework that aims to bolster collaboration and information sharing among African Union Member States. This initiative tackles the challenges of health threats linked to population movement by promoting robust systems for surveillance and response. Discover how these efforts can pave the way for safer communities across the continent!

#SyenzaNews #globalhealth #HealthcareInnovation #DigitalTransformation #HealthTech

regional immunization framework
              

Strengthening Immunisation in the Eastern Mediterranean: WHO Launches Regional Framework

🌍 How can strengthening immunisation in the Eastern Mediterranean transform public health?

The recent launch of the regional framework by WHO is a crucial step towards enhancing vaccine access and addressing disparities in coverage. This initiative, inaugurated in Doha, aims to save millions of lives by ensuring everyone has access to essential vaccines, especially in conflict-affected areas. Discover how this framework can pave the way for healthier communities!

#SyenzaNews #GlobalHealth #HealthForAll #HealthcareInnovation #Immunisation

When you partner with Syenza, it’s like a Nuclear Fusion.

Our expertise are combined with yours, and we contribute clinical expertise and advanced degrees in health policy, health economics, systems analysis, public finance, business, and project management. You’ll also feel our high-impact global and local perspectives with cultural intelligence.

SPEAK WITH US

CORRESPONDENCE ADDRESS

1950 W. Corporate Way, Suite 95478
Anaheim, CA 92801, USA

© 2024 Syenza™. All rights reserved.