Oracle Corp Stock Price, News & Analysis

Oracle Health and Meharry Medical College announced plans to enhance medical education and community healthcare in Middle Tennessee through a non-binding MOU. The collaboration aims to establish a health technology education and research collaborative, a health innovation hub, and a community care and wellness center in Nashville. Oracle will provide cloud, AI, and clinical applications for hands-on training and support research in precision medicine, health informatics, and population health. The partnership focuses on improving health equity and creating a model for more equitable, community-centered care.

Mosaic Life Care, a physician-led healthcare system serving multiple Midwest states, has chosen Oracle Fusion Cloud Applications Suite to enhance its operational efficiency and patient care delivery. The implementation includes Oracle's Cloud ERP, EPM, SCM, and HCM solutions to consolidate finance, planning, supply chain, and HR processes. With over 4,800 staff members, Mosaic aims to replace its previously disjointed systems with Oracle's integrated platform featuring AI capabilities to increase productivity, reduce costs, and improve decision-making through prebuilt AI-powered analytics.

Oracle has unveiled its next-generation Electronic Health Record (EHR) system at the Oracle Health Summit. Built on Oracle Cloud Infrastructure, this new EHR system integrates AI capabilities throughout the clinical workflow to automate processes and enhance point-of-care delivery. The system features conversational search, voice-driven navigation, and AI-supported summaries to streamline physician workflows and reduce documentation time.

The platform will incorporate the Oracle Health Clinical AI Agent and Oracle Health Data Intelligence, enabling real-time patient data integration from multiple sources. The early adopter program is scheduled to begin in 2025.

Oracle Health has launched an enhanced version of its Clinical AI Agent, previously known as Clinical Digital Assistant. This advanced AI solution helps medical providers improve patient interactions by automating clinical workflows and documentation. The system features voice interface capabilities, multilingual support, and integration with electronic health records.

Early adopters like AtlantiCare have reported significant benefits, including a 41% reduction in documentation time, saving providers approximately 66 minutes per day. The AI agent can generate draft notes, propose clinical follow-ups, automate coding, and create discharge summaries while maintaining military-grade security through Oracle Cloud Infrastructure.

Oracle Health announced two new cloud applications to enhance healthcare management: Oracle Health Patient Portal and Oracle Health Patient Administration. Built on Oracle Cloud Infrastructure, these solutions aim to simplify patient healthcare management and reduce administrative workload. The Patient Portal enables users to securely review health information, connect with providers, and manage care through self-service tools. The Patient Administration system streamlines front-office operations, including patient intake, registration, and scheduling. Both applications work together to create a more efficient healthcare experience, comparable to common consumer apps for food ordering or travel booking.

Oracle Life Sciences has launched two new cloud services: Oracle Site Feasibility and Oracle Patient Recruitment, aimed at accelerating clinical trials and reducing costs. Running on Oracle Cloud Infrastructure (OCI), these services leverage Electronic Health Record data to help pharmaceutical companies and researchers select trial sites and recruit patients more efficiently. The solutions address a significant industry challenge, as patient recruitment accounts for 32% of clinical trial costs, with $1.9 billion spent annually on recruitment. The new services enable faster site selection through feasibility queries across patient records and provide eligibility scoring for potential trial participants, helping streamline the recruitment process while maintaining HIPAA compliance.

Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for the ninth consecutive year, positioning furthest right for Completeness of Vision for the seventh year. Oracle Cloud HCM, powered by AI and built on Oracle's next-generation secure cloud infrastructure, helps organizations streamline HR processes and enhance employee experience. The platform features new capabilities including role-based AI agents, an extensible open skills infrastructure, Activity Centers, Direct Apply functionality with talent marketplace partnerships, and AI-powered upskilling solutions.

Oracle Health has announced its intention to apply for Qualified Health Information Network (QHIN) status under the Trusted Exchange Framework and Common Agreement (TEFCA). The initiative aims to create a secure, centralized gateway for healthcare data exchange built on Oracle Cloud Infrastructure (OCI). The network will facilitate sharing of medical information, including X-rays and MRIs, between healthcare providers, payers, pharmaceutical companies, and government agencies. The system is designed to enhance efficiency by reducing technological complexity while supporting advanced AI capabilities for improved care decisions and streamlined payment processes.

Oracle has introduced a new talent acquisition feature within Oracle Cloud HCM called Oracle Healthcare Talent Network to help healthcare organizations address staffing challenges. The feature streamlines the process of finding and managing contingent workers by integrating with healthcare talent partners. With the U.S. Bureau of Labor Statistics forecasting a need for nearly two million healthcare workers annually, this solution enables organizations to gain access to qualified candidates, automate posting requisitions across multiple talent partners, and manage their full-time, part-time, and contingent workforce in a unified digital platform with embedded AI capabilities.