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Oracle (ORCL) Unveils Enhancements to Health Data Intelligence
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Oracle (ORCL - Free Report) has unveiled significant enhancements to its Health Data Intelligence platform, formerly known as HealtheIntent.
Oracle Health Data Intelligence is a versatile suite of cloud applications, services and analytics to empower various stakeholders in healthcare and government sectors. This suite leverages data from the healthcare landscape to advance patient health, refine care delivery and streamline operational efficiency.
Key enhancements include the introduction of a groundbreaking generative artificial intelligence (AI) service, which is aimed at enhancing care management efficiency. By leveraging cutting-edge AI algorithms, healthcare providers can optimize resource allocation, streamline workflows and enhance decision-making processes.
Oracle Health Data Intelligence now boasts enhanced system performance, ensuring seamless operation and improved user experience. These performance enhancements contribute to increased productivity and efficiency across healthcare organizations.
The integration of pre-built clinical quality analytics equips healthcare providers with actionable insights to drive quality improvement initiatives. By leveraging advanced analytics capabilities, organizations can identify trends, monitor performance metrics and implement targeted interventions to enhance patient outcomes.
The introduction of automated alerts enables healthcare providers to proactively identify and address care gaps, thereby improving patient care and driving operational efficiency. These alerts facilitate timely interventions, leading to enhanced patient engagement and satisfaction.
These enhancements underscore Oracle's dedication to innovating and addressing the evolving needs of the healthcare industry.
ORCL’s Healthcare Capabilities to Fend Off Competition
The company’s Health Data Intelligence operates on the robust infrastructure of Oracle Cloud Infrastructure (“OCI”), ensuring customers access to top-notch security, performance, reliability and other cloud capabilities. Leveraging OCI, customers benefit from the same level of mission-critical support that Fortune 100 companies in highly regulated industries depend on, instilling confidence in the platform's reliability and security.
One of the platform's standout features is its ability to integrate, secure and analyze data from diverse sources, such as electronic health records, enterprise applications, insurance claims and demographic records. This holistic approach provides a comprehensive view of individual patient and population health trends.
By eliminating the complexity of integrating disparate data and systems, Oracle Health Data Intelligence enables customers to achieve significant cost savings and operational efficiencies without the risk of uncertain returns or lengthy implementation timelines.
Customers leveraging Oracle Health Data Intelligence have experienced notable outcomes, including a 9-12% reduction in costs per member per month for commercial customers, a 5X increase in care gaps closed over three years through enhanced breast cancer screenings and an uptick of 40-60% in annual wellness visits per provider per year.
The global healthcare cloud computing market is projected to reach $110.2 billion by 2030, witnessing a CAGR of 17.8% during the forecast period of 2023-2030, according to a ResearchAndMarkets report.
This creates significant growth prospects for Oracle and other market leaders, including Microsoft (MSFT - Free Report) , International Business Machines (IBM - Free Report) and Amazon (AMZN - Free Report) .
Through its Microsoft Cloud for Healthcare, MSFT integrates various features from its Azure, Dynamics 365, Power Platform and Microsoft 365. This integration aims to provide comprehensive solutions for healthcare institutions, facilitating tasks, such as data management, analytics, patient engagement and administrative processes.
IBM offers a secure, open and enterprise-level cloud environment tailored for healthcare clients. This platform is designed to accommodate different workload needs and stages of cloud adoption within the healthcare sector.
Amazon Web Services (“AWS") provides cloud services that empower healthcare entities to create patient-focused digital interactions. By leveraging AWS, healthcare organizations can develop mobile apps and engagement portals tailored to patient needs.
Each of these offerings addresses different aspects of healthcare technology needs from data management and security to patient engagement and digital innovation.
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Oracle (ORCL) Unveils Enhancements to Health Data Intelligence
Oracle (ORCL - Free Report) has unveiled significant enhancements to its Health Data Intelligence platform, formerly known as HealtheIntent.
Oracle Health Data Intelligence is a versatile suite of cloud applications, services and analytics to empower various stakeholders in healthcare and government sectors. This suite leverages data from the healthcare landscape to advance patient health, refine care delivery and streamline operational efficiency.
Key enhancements include the introduction of a groundbreaking generative artificial intelligence (AI) service, which is aimed at enhancing care management efficiency. By leveraging cutting-edge AI algorithms, healthcare providers can optimize resource allocation, streamline workflows and enhance decision-making processes.
Oracle Health Data Intelligence now boasts enhanced system performance, ensuring seamless operation and improved user experience. These performance enhancements contribute to increased productivity and efficiency across healthcare organizations.
The integration of pre-built clinical quality analytics equips healthcare providers with actionable insights to drive quality improvement initiatives. By leveraging advanced analytics capabilities, organizations can identify trends, monitor performance metrics and implement targeted interventions to enhance patient outcomes.
The introduction of automated alerts enables healthcare providers to proactively identify and address care gaps, thereby improving patient care and driving operational efficiency. These alerts facilitate timely interventions, leading to enhanced patient engagement and satisfaction.
These enhancements underscore Oracle's dedication to innovating and addressing the evolving needs of the healthcare industry.
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
ORCL’s Healthcare Capabilities to Fend Off Competition
The company’s Health Data Intelligence operates on the robust infrastructure of Oracle Cloud Infrastructure (“OCI”), ensuring customers access to top-notch security, performance, reliability and other cloud capabilities. Leveraging OCI, customers benefit from the same level of mission-critical support that Fortune 100 companies in highly regulated industries depend on, instilling confidence in the platform's reliability and security.
One of the platform's standout features is its ability to integrate, secure and analyze data from diverse sources, such as electronic health records, enterprise applications, insurance claims and demographic records. This holistic approach provides a comprehensive view of individual patient and population health trends.
By eliminating the complexity of integrating disparate data and systems, Oracle Health Data Intelligence enables customers to achieve significant cost savings and operational efficiencies without the risk of uncertain returns or lengthy implementation timelines.
Customers leveraging Oracle Health Data Intelligence have experienced notable outcomes, including a 9-12% reduction in costs per member per month for commercial customers, a 5X increase in care gaps closed over three years through enhanced breast cancer screenings and an uptick of 40-60% in annual wellness visits per provider per year.
Shares of this Zacks Rank #3 (Hold) company have risen 21% year to date compared with the Zacks Computer and Technology sector’s growth of 8.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The global healthcare cloud computing market is projected to reach $110.2 billion by 2030, witnessing a CAGR of 17.8% during the forecast period of 2023-2030, according to a ResearchAndMarkets report.
This creates significant growth prospects for Oracle and other market leaders, including Microsoft (MSFT - Free Report) , International Business Machines (IBM - Free Report) and Amazon (AMZN - Free Report) .
Through its Microsoft Cloud for Healthcare, MSFT integrates various features from its Azure, Dynamics 365, Power Platform and Microsoft 365. This integration aims to provide comprehensive solutions for healthcare institutions, facilitating tasks, such as data management, analytics, patient engagement and administrative processes.
IBM offers a secure, open and enterprise-level cloud environment tailored for healthcare clients. This platform is designed to accommodate different workload needs and stages of cloud adoption within the healthcare sector.
Amazon Web Services (“AWS") provides cloud services that empower healthcare entities to create patient-focused digital interactions. By leveraging AWS, healthcare organizations can develop mobile apps and engagement portals tailored to patient needs.
Each of these offerings addresses different aspects of healthcare technology needs from data management and security to patient engagement and digital innovation.