Oracle Health to Apply for TEFCA QHIN Status
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 Health ha annunciato la sua intenzione di richiedere lo status di Qualified Health Information Network (QHIN) nell'ambito del Trusted Exchange Framework e Common Agreement (TEFCA). Questa iniziativa mira a creare un gateway sicuro e centralizzato per lo scambio di dati sanitari basato su Oracle Cloud Infrastructure (OCI). La rete faciliterà la condivisione di informazioni mediche, inclusi raggi X e risonanze magnetiche, tra fornitori di servizi sanitari, assicuratori, aziende farmaceutiche e agenzie governative. Il sistema è progettato per migliorare l'efficienza riducendo la complessità tecnologica, supportando al contempo capacità avanzate di intelligenza artificiale per decisioni di cura migliorate e processi di pagamento semplificati.
Oracle Health ha anunciado su intención de solicitar el estatus de Qualified Health Information Network (QHIN) bajo el Trusted Exchange Framework y Common Agreement (TEFCA). La iniciativa tiene como objetivo crear una puerta de enlace segura y centralizada para el intercambio de datos de salud basada en Oracle Cloud Infrastructure (OCI). La red facilitará el intercambio de información médica, incluyendo radiografías y resonancias magnéticas, entre proveedores de salud, aseguradoras, compañías farmacéuticas y agencias gubernamentales. El sistema está diseñado para mejorar la eficiencia reduciendo la complejidad tecnológica mientras apoya capacidades avanzadas de IA para decisiones de atención mejoradas y procesos de pago simplificados.
Oracle Health는 Trusted Exchange Framework 및 Common Agreement(TEFCA) 하에 Qualified Health Information Network(QHIN) 지위를 신청할 의사를 발표했습니다. 이 이니셔티브는 Oracle Cloud Infrastructure(OCI)를 기반으로 한 의료 데이터 교환을 위한 안전하고 중앙 집중화된 게이트웨이를 만들기 위해 설계되었습니다. 네트워크는 의료 정보의 공유를 촉진할 것입니다, 여기에는 X선 및 MRI가 포함되어 있으며, 의료 제공자, 지불자, 제약 회사 및 정부 기관 간에 이루어집니다. 이 시스템은 기술적 복잡성을 줄이는 동시에 향상된 진료 결정 및 간소화된 지불 프로세스를 위해 고급 AI 기능을 지원하도록 설계되어 효율성을 높입니다.
Oracle Health a annoncé son intention de demander le statut de Qualified Health Information Network (QHIN) dans le cadre du Trusted Exchange Framework et de l'Accord commun (TEFCA). L'initiative vise à créer une passerelle sécurisée et centralisée pour l'échange de données de santé basée sur Oracle Cloud Infrastructure (OCI). Le réseau facilitera le partage d'informations médicales, y compris des radiographies et des IRM, entre les prestataires de soins de santé, les payeurs, les entreprises pharmaceutiques et les agences gouvernementales. Le système est conçu pour améliorer l'efficacité en réduisant la complexité technologique tout en soutenant des capacités avancées d'IA pour des décisions de soins améliorées et des processus de paiement simplifiés.
Oracle Health hat seine Absicht angekündigt, den Status eines Qualified Health Information Network (QHIN) im Rahmen des Trusted Exchange Framework und der Common Agreement (TEFCA) zu beantragen. Die Initiative zielt darauf ab, ein sicheres, zentrales Gateway für den Austausch von Gesundheitsdaten zu schaffen, das auf Oracle Cloud Infrastructure (OCI) basiert. Das Netzwerk wird den Austausch medizinischer Informationen erleichtern, einschließlich Röntgenaufnahmen und MRTs, zwischen Gesundheitsdienstleistern, Zahlungsanbietern, Pharmaunternehmen und Regierungsbehörden. Das System wurde entwickelt, um die Effizienz zu steigern, indem die technologische Komplexität reduziert wird, während es gleichzeitig fortschrittliche KI-Funktionen zur Verbesserung von Entscheidungsprozessen im Gesundheitswesen und vereinfachten Zahlungsabläufen unterstützt.
- Development of a centralized healthcare data exchange platform on OCI
- Capability to handle advanced data types like X-rays and MRIs
- Potential for improved operational efficiency through reduced technological layers
- Enhanced AI integration possibilities for healthcare decision-making
- None.
Insights
Oracle Health's move to become a QHIN represents a strategic positioning in the healthcare interoperability space. The integration with Oracle Cloud Infrastructure (OCI) provides a significant competitive advantage, particularly in handling complex medical data like imaging files. This initiative aligns with the increasing demand for seamless healthcare data exchange and positions Oracle to capture a larger share of the $14 trillion healthcare market.
The technical infrastructure being developed could create new revenue streams through data management services and AI-powered healthcare solutions. The ability to handle non-traditional data types like X-rays and MRIs differentiates Oracle's offering from existing solutions. This capability, combined with Oracle's established security protocols, creates a compelling value proposition for healthcare providers and insurers looking to modernize their data exchange systems.
Pioneering the future of national healthcare interoperability, helping simplify patient information sharing between healthcare providers, and empowering patients to control their own data
Oracle Health's network is intended to offer a central, secure gateway for healthcare data exchange, making it easier for hospitals, clinics, and insurers to share information with one another. Built on Oracle Cloud Infrastructure (OCI), the system will not only take advantage of Oracle's decades of experience in securing the world's most important data but is also expected to make sharing that data faster and more efficient by reducing the need for extra technology layers that can complicate and slow down the process. Furthermore, the network is being designed to support data types that are not typically available in other exchanges, such as X-rays and MRIs. Accelerating data exchange and securely expanding the variety and volume of data available across the healthcare ecosystem is increasingly important to fuel advanced AI capabilities that can help inform care decisions, optimize treatment paths, and streamline payment processes.
"As a longtime champion of giving patients control over their data, Oracle Health continues to demonstrate its commitment to making data more available, useful, and secure," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "As we progress through the TEFCA QHIN application process, Oracle will continue to lead the industry in providing solutions that help reduce costs and complexity and improve the utility of information for patients and providers."
Oracle Health is a founding member of the CommonWell Health Alliance, the first multi-vendor driven national network for interoperability established more than 10 years ago. As Oracle Health takes actions to become an applicant QHIN and progresses through the QHIN process, it plans to continue to be a member of and support CommonWell and other related industry organizations.
Learn more at the Oracle Health Summit in
Additional Resources Regarding Oracle's Commitment to Interoperability:
- Learn more about Oracle Health's Interoperable Solutions
- Learn more about Oracle Health Seamless Exchange
- Read Interoperability in Healthcare Explained
- Learn more about 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-to-apply-for-tefca-qhin-status-302288546.html
SOURCE Oracle
FAQ
What is Oracle Health's TEFCA QHIN application status in 2024?
What capabilities will Oracle's QHIN network offer for healthcare data exchange?
How will Oracle (ORCL) implement security in its QHIN network?
