Oracle has introduced new healthcare-specific capabilities to its cloud-based enterprise resource planning, enterprise performance management, supply chain, and manufacturing solutions. These enhancements aim to address the challenges faced by the healthcare sector, such as unpredictable demand, high administrative costs, and resource shortages, while improving efficiency and accessibility.
The updated Oracle Fusion Cloud suite allows healthcare organizations to consolidate their systems, automate critical processes, and adapt to new delivery models, including telehealth and home-based care. It provides greater visibility and collaboration across the entire delivery system, enabling organizations to streamline operations and serve patients’ needs more effectively.
Steve Miranda, Executive Vice President of Applications Development at Oracle, highlighted the importance of integration and collaboration across the healthcare ecosystem for improving efficiency, accessibility, and equity. The added capabilities in Oracle Fusion Applications Suite enable organizations to adopt new business models, promote innovation, build agile and sustainable supply chains, and enhance patient care.
Oracle has also introduced workforce management capabilities in its cloud-based human capital management solution. These capabilities assist healthcare organizations in navigating changing labor markets and meeting volatile customer demand by connecting business and electronic health record data on a single platform.
In addition to the software enhancements, Providence, a 51-hospital system based in Renton, Washington, has partnered with Oracle to merge its finance, human resources, and supply chain IT operations in the cloud. This move has allowed Providence to standardize its systems, and the cloud-based applications suite has positioned them for rapid innovation with advanced technologies like generative AI.
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