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Oracle (ORCL) Health's EHR Joins Universal Health Services
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Oracle (ORCL - Free Report) Health announced that its electronic health record (EHR) is being incorporated into Universal Health Services' (“UHS”) vast network of behavioral health facilities.
Having already utilized Oracle Health's technology in acute care hospitals for 10 years, this expansion ensures a unified EHR across both acute and behavioral health facilities nationwide, enhancing care decisions and elevating patient safety measures.
UHS boasts a network of more than 200 behavioral health facilities throughout the United States, providing comprehensive inpatient, outpatient and residential treatment for individuals of all ages.
This year, five facilities have implemented the changes and numerous other facilities are currently in progress, with plans for continued integration across the UHS behavioral health facilities in the coming years.
Through the adoption of Oracle Health's EHR in both acute and behavioral health facilities, UHS care teams can facilitate seamless and secure information sharing, fostering a more collaborative treatment approach and enhancing the continuity of patient care. UHS patients also gain the advantage of a portable and digitized record that accompanies them across different care settings, encompassing their complete behavioral and physical health history within a unified record.
Oracle’s Focus on Rural Partnerships to Aid Services Revenues
Recent partnerships in rural areas are expected to boost the company’s Services revenues in the upcoming quarters. The Services revenues recorded in the last quarter were $1.465 billion, contributing 10.36% of total revenues. Shares of Oracle have gained 45.2% year to date compared with the Zacks Computer and Technology sector’s rise of 42.5% in the same period, given the consistent efforts so far in 2023.
The Zacks Consensus Estimate for ORCL’s first-quarter fiscal 2024 earnings is pegged at a profit of $1.14 per share, indicating year-over-year growth of 10.68%. The Zacks Consensus Estimate for Services revenues is pegged at $1.43 billion, indicating year-over-year growth of 5.78%, contributing 11.48% of the total revenues.
Nearly one-fifth of the U.S. population resides in rural areas. These communities often encounter barriers to healthcare access and without rural hospitals, millions of Americans could experience delays and difficulties in obtaining necessary diagnosis, treatment and care.
Oracle Cerner CommunityWorks allows these organizations to better serve the communities and provide essential healthcare services. This approach will not only boost Services revenues but also help ORCL expand its reach throughout the country.
Oracle Cerner CommunityWorks is equipped to meet the unique needs of smaller communities. Presently, more than 300 rural community, critical access and specialty hospitals spanning 45 states in the Unites States have embraced Oracle Cerner's technology, enabling it to provide more effective and efficient patient care within the comfort of patients' localities.
Carroll County Memorial Hospital in rural Missouri has been collaborating with Oracle Cerner since 2010. The partnership has highlighted significant advantages, such as improved management of regulatory and quality information, as well as enhanced support for caregivers through a unified patient record. This centralized view of health information allows caregivers seamless access, regardless of the area of the hospital or clinic the patient visits.
CommunityWorks recently signed contracts with Uintah Basin Healthcare, Brattleboro Memorial Hospital, Sierra Vista Hospital and Pioneers Memorial Healthcare District.
Shares of Airbnb have gained 70.2% year to date. The Zacks Consensus Estimate for ABNB’s 2023 revenues is pegged at $9.52 billion, indicating year-over-year growth of 13.3%. The consensus mark for earnings is pegged at 78 cents per share, which has remained unchanged over the past 30 days.
Shares of Angi have surged 73.2% year to date. The Zacks Consensus Estimate for ANGI’s 2023 revenues is pegged at $1.57 billion, indicating a year-over-year decline of 17.08%. The consensus mark is pegged at a loss of 3 cents per share, which has remained unchanged over the past 30 days.
Shares of Adobe have soared 56.6% year to date. The Zacks Consensus Estimate for ADBE’s 2023 revenues is pegged at $19.31 billion, indicating year-over-year growth of 9.67%. The consensus mark for earnings is pegged at $3.97 per share, which has increased by 2 cents over the past 30 days.
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Oracle (ORCL) Health's EHR Joins Universal Health Services
Oracle (ORCL - Free Report) Health announced that its electronic health record (EHR) is being incorporated into Universal Health Services' (“UHS”) vast network of behavioral health facilities.
Having already utilized Oracle Health's technology in acute care hospitals for 10 years, this expansion ensures a unified EHR across both acute and behavioral health facilities nationwide, enhancing care decisions and elevating patient safety measures.
UHS boasts a network of more than 200 behavioral health facilities throughout the United States, providing comprehensive inpatient, outpatient and residential treatment for individuals of all ages.
This year, five facilities have implemented the changes and numerous other facilities are currently in progress, with plans for continued integration across the UHS behavioral health facilities in the coming years.
Through the adoption of Oracle Health's EHR in both acute and behavioral health facilities, UHS care teams can facilitate seamless and secure information sharing, fostering a more collaborative treatment approach and enhancing the continuity of patient care. UHS patients also gain the advantage of a portable and digitized record that accompanies them across different care settings, encompassing their complete behavioral and physical health history within a unified record.
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Oracle’s Focus on Rural Partnerships to Aid Services Revenues
Recent partnerships in rural areas are expected to boost the company’s Services revenues in the upcoming quarters. The Services revenues recorded in the last quarter were $1.465 billion, contributing 10.36% of total revenues. Shares of Oracle have gained 45.2% year to date compared with the Zacks Computer and Technology sector’s rise of 42.5% in the same period, given the consistent efforts so far in 2023.
The Zacks Consensus Estimate for ORCL’s first-quarter fiscal 2024 earnings is pegged at a profit of $1.14 per share, indicating year-over-year growth of 10.68%. The Zacks Consensus Estimate for Services revenues is pegged at $1.43 billion, indicating year-over-year growth of 5.78%, contributing 11.48% of the total revenues.
Nearly one-fifth of the U.S. population resides in rural areas. These communities often encounter barriers to healthcare access and without rural hospitals, millions of Americans could experience delays and difficulties in obtaining necessary diagnosis, treatment and care.
Oracle Cerner CommunityWorks allows these organizations to better serve the communities and provide essential healthcare services. This approach will not only boost Services revenues but also help ORCL expand its reach throughout the country.
Oracle Cerner CommunityWorks is equipped to meet the unique needs of smaller communities. Presently, more than 300 rural community, critical access and specialty hospitals spanning 45 states in the Unites States have embraced Oracle Cerner's technology, enabling it to provide more effective and efficient patient care within the comfort of patients' localities.
Carroll County Memorial Hospital in rural Missouri has been collaborating with Oracle Cerner since 2010. The partnership has highlighted significant advantages, such as improved management of regulatory and quality information, as well as enhanced support for caregivers through a unified patient record. This centralized view of health information allows caregivers seamless access, regardless of the area of the hospital or clinic the patient visits.
CommunityWorks recently signed contracts with Uintah Basin Healthcare, Brattleboro Memorial Hospital, Sierra Vista Hospital and Pioneers Memorial Healthcare District.
Zacks Rank & Key Picks
Currently, Oracle carries a Zacks Rank #3 (Hold).
Airbnb (ABNB - Free Report) , Angi (ANGI - Free Report) and Adobe (ADBE - Free Report) are some better-ranked stocks from the broader sector which investors can consider. Currently, ABNB and ANGI sport a Zacks Rank #1 (Strong Buy) and ADBE carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Airbnb have gained 70.2% year to date. The Zacks Consensus Estimate for ABNB’s 2023 revenues is pegged at $9.52 billion, indicating year-over-year growth of 13.3%. The consensus mark for earnings is pegged at 78 cents per share, which has remained unchanged over the past 30 days.
Shares of Angi have surged 73.2% year to date. The Zacks Consensus Estimate for ANGI’s 2023 revenues is pegged at $1.57 billion, indicating a year-over-year decline of 17.08%. The consensus mark is pegged at a loss of 3 cents per share, which has remained unchanged over the past 30 days.
Shares of Adobe have soared 56.6% year to date. The Zacks Consensus Estimate for ADBE’s 2023 revenues is pegged at $19.31 billion, indicating year-over-year growth of 9.67%. The consensus mark for earnings is pegged at $3.97 per share, which has increased by 2 cents over the past 30 days.