Oracle Health Demonstrates Interoperability Leadership, Achieves CMS Aligned Network Status

Oracle Health (ORCL) became a CMS Aligned Network on April 20, 2026, and launched a solution integrating CLEAR1 for digital patient check-in to eliminate clipboard paperwork.

Rhea-AI Summary

Oracle Health (ORCL) became a CMS Aligned Network on April 20, 2026, and launched a solution integrating CLEAR1 for digital patient check-in to eliminate clipboard paperwork. The solution verifies identity via QR code and routes patient-consented data directly into EHR workflows.

The integration uses CLEAR1, certified to NIST IAL2/AAL2 by Kantara, and is already integrated in ambulatory check-in workflows at AtlantiCare as part of a broader rollout.

Positive

• CMS Aligned Network designation achieved (April 20, 2026)
• Integrated CLEAR1 enables QR-based digital patient check-in into EHR workflows
• CLEAR1 certified to NIST IAL2/AAL2 by Kantara Initiative
• AtlantiCare completed full integration in ambulatory check-in workflows

Negative

• None.

Argus Apr 20 session

+1.44% close to close Open Argus

Details

News Market Reaction – ORCL

On Apr 20, the day this news came out, ORCL closed 1.44% above the previous close.

Data tracked by StockTitan Argus for the Apr 20 session.

Key Figures

NIST identity level: Identity Assurance Level 2 (IAL2) Authenticator level: Authenticator Assurance Level 2 (AAL2) Depositary shares offered: 100,000,000 depositary shares +5 more

NIST identity level

Identity Assurance Level 2 (IAL2)

Certification level for CLEAR1 under Kantara Initiative

Authenticator level

Authenticator Assurance Level 2 (AAL2)

Authenticator assurance standard for CLEAR1

Depositary shares offered

100,000,000 depositary shares

Series D mandatory convertible preferred stock offering (Form 8-K/424B5)

ATM equity program size

$20,000,000,000

At-the-market common stock program per 424B2/424B5

Senior notes offering

$25,000,000,000

Senior unsecured notes across multiple maturities (424B2/8-K)

Preferred dividend rate

6.50% annually

Series D mandatory convertible preferred stock

Preferred liquidation preference

$100,000 per share

Series D mandatory convertible preferred stock (1/2,000th per depositary share)

Current share price

$175.06

Price before interoperability news on 2026-04-20

Historical Context

5 past events · Latest: Apr 16

5 events

1. Apr 16

   Multicloud networking deal

   24h Move

   +5.0%

   Expanded OCI–AWS multicloud networking to enhance secure cloud-to-cloud connectivity.

2. Apr 15

   Analyst recognition

   24h Move

   +4.2%

   Named Leader in Gartner Magic Quadrant for Transportation Management Systems.

3. Apr 14

   AI in corporate banking

   24h Move

   +4.7%

   Extended agentic AI platform to corporate banking with embedded AI applications.

4. Apr 14

   AI capital projects tools

   24h Move

   +4.7%

   Announced AI-enabled enhancements to Primavera Unifier for capital project workflows.

5. Apr 13

   Utilities AI metrics

   24h Move

   +12.7%

   Reported strong Opower adoption and energy savings across 45M+ households.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cms aligned network, electronic health record (ehr) workflows, nist identity assurance level 2 (ial2), authenticator assurance level 2 (aal2), +3 more

7 terms

cms aligned network regulatory

"Oracle Health is now a Centers for Medicare & Medicaid Services (CMS) Aligned Network."

A CMS aligned network is a group of healthcare providers, insurers or facilities that organize their services to meet the rules, quality targets and payment models set by the U.S. Centers for Medicare & Medicaid Services. For investors, alignment with CMS is important because it shapes how revenue is earned and paid—think of it as agreeing to a large customer’s contract terms: it can provide steady, sizable reimbursement but also creates obligations and performance-based risks that affect profitability.

electronic health record (ehr) workflows medical

"The data will then flow directly into EHR workflows."

Electronic health record (EHR) workflows are the step-by-step digital processes clinicians and staff follow inside an EHR system to record, access and act on patient information—like a guided recipe that moves a patient from intake to diagnosis, treatment orders, billing and follow-up. Investors watch these workflows because smoother, faster processes cut errors and labor costs, boost patient throughput and make EHR software or provider operations more valuable and competitive.

nist identity assurance level 2 (ial2) technical

"Full Service certified by the Kantara Initiative for NIST Identity Assurance Level 2 (IAL2)"

NIST Identity Assurance Level 2 (IAL2) is a U.S. government standard that specifies the checks a service must perform to confirm a person’s real-world identity before issuing a digital ID; it typically requires presentation and verification of identity documents and corroboration against authoritative records, then links those verified attributes to a user’s account. For investors, IAL2 indicates a moderate-to-strong protection against identity fraud, helps meet regulatory and customer trust expectations, and can influence compliance costs, user adoption, and liability—much like installing a reliable lock instead of a simple latch.

authenticator assurance level 2 (aal2) technical

"and Authenticator Assurance Level 2 (AAL2), high-assurance standards"

Authenticator Assurance Level 2 (AAL2) is a security standard that requires stronger digital identity checks than basic passwords, typically involving two different ways to prove who you are—such as a password plus a one-time code, a biometric, or a hardware token. For investors, AAL2 matters because it lowers the risk of account takeover and fraud, supports regulatory compliance, and protects customer trust, which can affect a company’s operational costs and reputation.

qualified health information networks regulatory

"as well as Qualified Health Information Networks® (QHINs) to create a single front door"

Qualified health information networks are certified intermediary hubs that securely connect different health record systems so medical data can be shared reliably across hospitals, clinics and digital apps. For investors, they matter because they enable broader access to patient information, reduce technical and legal friction for health-data services, and can create recurring revenue or competitive advantage for firms that power or participate in these certified exchange hubs — like a certified postal hub for medical records.

trusted exchange framework and common agreement regulatory

"as a part of the Trusted Exchange Framework and Common Agreement™ (TEFCA™)."

A trusted exchange framework and common agreement is a set of shared rules, standards and procedures that let different financial platforms, regulators and service providers safely share information and transact with each other. Think of it like a common language and customs for markets that reduces misunderstandings, speeds verification and lowers legal and operational risk; for investors, it makes trading, custody and oversight more reliable and transparent.

tefca regulatory

"as a part of the Trusted Exchange Framework and Common Agreement™ (TEFCA™)."

A national framework that sets common rules, technical standards and governance for securely sharing electronic health information across different health systems and software networks, so patient records can flow more easily and safely. Investors care because it creates a predictable market for health IT vendors, data services and healthcare providers by lowering integration costs, reducing regulatory uncertainty and shaping which products and companies can win business—think of it like building codes that determine which plumbing parts can connect across an entire city.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Delivers solution to eliminate check-in paperwork by leveraging CLEAR1 in support of CMS' "Kill the Clipboard" initiative

AUSTIN, Texas, April 20, 2026 /PRNewswire/ -- Advancing its mission to provide patients with access to their healthcare data when and where they need it, Oracle Health is now a Centers for Medicare & Medicaid Services (CMS) Aligned Network. Oracle Health has also developed and delivered an easy-to-implement solution that allows patients to digitally verify their identity and provide access to their health records at check-in. This eliminates redundant information gathering and reflects Oracle Health's commitment to reducing the administrative burden across the healthcare ecosystem and increasing interoperability.

"Oracle Health is committed to making sure patients have access to and remain in control of their health data. Our participation in the CMS Aligned Networks will help health systems and patients connect data across settings, reduce fragmentation, and improve how clinicians and patients access the information they need," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "Oracle will continue working with government and industry leaders to deliver a secure, interoperable, and AI-enabled healthcare system that improves experiences for patients and clinicians while driving down the cost of care delivery."

Streamlining the patient intake process

CMS' "Kill the Clipboard" initiative encourages providers to replace paperwork intake processes with a seamless digital check in. Oracle will be integrating CLEAR1, CLEAR's secure identity platform, to enable patients with a simple way to check in and give providers access to the health data they have opted to share by simply showing a QR code. The data will then flow directly into EHR workflows. CLEAR1 is Full Service certified by the Kantara Initiative for NIST Identity Assurance Level 2 (IAL2) and Authenticator Assurance Level 2 (AAL2), high-assurance standards that are foundational to trusted healthcare data exchange.

"Healthcare has long relied on fragmented, manual intake processes that create friction for patients and administrative burden for providers," said David Bardan, SVP, Head of Healthcare, CLEAR. "By integrating CLEAR1 with Oracle Health, we're working to help eliminate the clipboard entirely—enabling a simple, secure digital check-in that verifies the person and seamlessly connects their information into clinical workflows. This will be a meaningful step toward a more interoperable, patient-centered healthcare experience where trust, privacy, and ease of use are built into every interaction."

New Jersey-based health system AtlantiCare is already using the solution to drive a better, more connected care experience for patients and providers.

"As one of the first healthcare systems in the nation to pledge support for the CMS Interoperability Framework, AtlantiCare is excited to partner with Oracle Health to deliver on that vision," said Jordan Ruch, CIO of AtlantiCare. "We've completed full integration of this technology into our ambulatory check-in workflows, positioning us to deliver a faster, paper-free experience for patients, providers, and staff. This eliminates waiting room forms and repetitive medical history collection, with verified patient information flowing securely and seamlessly into our system as we prepare for broader rollout."

Simplifying patient and provider access to health information

In addition to unveiling its offering to eliminate paperwork at check in, Oracle Health has taken another step toward helping accelerate secure, patient-centered healthcare data sharing by becoming a CMS Aligned Network. This most recent achievement builds on years of work enabling standards-based data exchange across care settings.

By becoming a CMS Aligned Network, Oracle Health has demonstrated its technology supports CMS-aligned approaches to simplify and accelerate healthcare data sharing for patients and providers. Oracle Health's open and interoperable platform communicates with other CMS Aligned Networks as well as Qualified Health Information Networks^® (QHINs) to create a single front door for patients to access and share their health information with providers.

Oracle Health is committed to enabling patient access to health data that is as simple as accessing bank records and is available conveniently when and where they need it. Last year, Oracle Health Information Network Inc., a subsidiary of Oracle, became a designated QHIN as a part of the Trusted Exchange Framework and Common Agreement™ (TEFCA™).

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-health-demonstrates-interoperability-leadership-achieves-cms-aligned-network-status-302746757.html

SOURCE Oracle

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Oracle Health (ORCL) becoming a CMS Aligned Network mean for interoperability?

It means Oracle Health supports CMS-aligned approaches to simplify data sharing across settings. According to the company, this designation enables secure exchange with other CMS Aligned Networks and QHINs to provide a single front door for patient data access.

How does the CLEAR1 integration change patient check-in for Oracle Health (ORCL)?

Patients can digitally verify identity and share records by showing a QR code at check-in. According to the company, the QR-based flow routes consented data directly into EHR workflows, removing redundant intake paperwork and reducing administrative burden.

Is CLEAR1 certified to meet healthcare identity standards used by Oracle Health (ORCL)?

Yes. CLEAR1 is Full Service certified by the Kantara Initiative for NIST IAL2 and AAL2 standards. According to the company, these high-assurance certifications underpin trusted identity verification in clinical data exchange.

Which health system has piloted Oracle Health's QR check-in solution as of April 20, 2026?

New Jersey-based AtlantiCare has completed integration into ambulatory check-in workflows. According to the company, AtlantiCare's rollout eliminates waiting-room forms and routes verified patient information securely into their system.

Will the Oracle Health (ORCL) solution send patient data directly into EHR systems?

Yes. The integration is designed to flow patient-consented data directly into EHR workflows. According to the company, this reduces fragmentation and helps clinicians access verified patient information at point of care.

How does Oracle Health's CMS Aligned Network status relate to its QHIN designation?

The CMS Aligned Network status complements Oracle Health's existing QHIN designation under TEFCA. According to the company, both credentials support standards-based exchange to make patient data access as simple as bank records.