Oracle Helps Healthcare Facilities Simplify Patient Payments While Reducing Transaction Fees
Oracle has launched Oracle Health Payments, an end-to-end payment solution designed to simplify patient payments for healthcare facilities while reducing transaction fees. Built on Oracle Cloud Infrastructure (OCI), the service offers:
- A PCI-compliant, fixed-rate pricing model with no additional service or convenience fees
- Integration with Oracle's point-of-sale hardware and Oracle Health Patient Accounting
- End-to-end encryption and tokenization for secure payment capture and automated revenue posting
- Support for various payment options, including traditional chip and pin, and digital methods like Apple Pay, Google Pay, and Samsung Pay
The solution aims to help healthcare providers minimize expenses, enhance security, and improve efficiency in payment processing. Oracle Health Payments leverages Oracle's experience in high-volume consumer industries to offer a comprehensive solution that can be implemented quickly and cost-effectively.
Oracle ha lanciato Oracle Health Payments, una soluzione di pagamento completa progettata per semplificare i pagamenti dei pazienti per le strutture sanitarie, riducendo al contempo le commissioni di transazione. Costruito su Oracle Cloud Infrastructure (OCI), il servizio offre:
- Un modello di prezzo fisso conforme PCI, senza ulteriori costi di servizio o di convenienza
- Integrazione con l'hardware di punto vendita di Oracle e Oracle Health Patient Accounting
- Crittografia end-to-end e tokenizzazione per una cattura sicura dei pagamenti e un'assegnazione automatica dei ricavi
- Supporto per diverse opzioni di pagamento, inclusi metodi tradizionali con chip e PIN, e metodi digitali come Apple Pay, Google Pay e Samsung Pay
La soluzione mira ad aiutare i fornitori di servizi sanitari a minimizzare le spese, migliorare la sicurezza e aumentare l'efficienza nel processo di pagamento. Oracle Health Payments sfrutta l'esperienza di Oracle in settori ad alto volume di consumatori per offrire una soluzione completa che può essere implementata rapidamente e in modo conveniente.
Oracle ha lanzado Oracle Health Payments, una solución de pago de extremo a extremo diseñada para simplificar los pagos de los pacientes para las instalaciones de atención médica, al mismo tiempo que reduce las tarifas de transacción. Basado en Oracle Cloud Infrastructure (OCI), el servicio ofrece:
- Un modelo de precios de tarifa fija que cumple con PCI, sin tarifas adicionales por servicio o conveniencia
- Integración con el hardware de punto de venta de Oracle y Oracle Health Patient Accounting
- Cifrado de extremo a extremo y tokenización para una captura segura de pagos y publicación automatizada de ingresos
- Soporte para varias opciones de pago, incluidos métodos tradicionales de chip y PIN, y métodos digitales como Apple Pay, Google Pay y Samsung Pay
La solución tiene como objetivo ayudar a los proveedores de atención médica a minimizar los gastos, mejorar la seguridad y aumentar la eficiencia en el procesamiento de pagos. Oracle Health Payments aprovecha la experiencia de Oracle en industrias de consumo de alto volumen para ofrecer una solución integral que se puede implementar de manera rápida y rentable.
오라클은 Oracle Health Payments를 출시했습니다. 이는 의료 시설의 환자 결제를 간소화하고 거래 수수료를 줄이기 위해 설계된 종합 결제 솔루션입니다. Oracle Cloud Infrastructure (OCI) 위에서 구축된 이 서비스는 다음과 같은 기능을 제공합니다:
- 추가 서비스나 편의 수수료 없이 PCI 준수를 제공하는 고정 요금제 모델
- 오라클의 포인트 오브 세일 하드웨어 및 Oracle Health Patient Accounting과의 통합
- 안전한 결제 수집 및 자동 수익 게시를 위한 종단 간 암호화 및 토큰화
- 전통적인 칩 및 PIN 결제 방식과 Apple Pay, Google Pay, Samsung Pay 같은 디지털 결제 방식을 포함한 다양한 결제 옵션 지원
이 솔루션은 의료 제공자가 비용을 최소화하고 보안을 강화하며 결제 처리의 효율성을 향상시키는 데 도움을 주는 것을 목표로 합니다. Oracle Health Payments는 오라클의 고용량 소비자 산업과의 경험을 활용하여 신속하고 비용 효과적으로 구현할 수 있는 종합 솔루션을 제공합니다.
Oracle a lancé Oracle Health Payments, une solution de paiement de bout en bout conçue pour simplifier les paiements des patients pour les établissements de santé tout en réduisant les frais de transaction. Basée sur Oracle Cloud Infrastructure (OCI), le service offre :
- Un modèle de tarification à taux fixe conforme aux normes PCI, sans frais supplémentaires de service ou de commodité
- Intégration avec le matériel de point de vente d'Oracle et Oracle Health Patient Accounting
- Chiffrement de bout en bout et tokenisation pour une capture sécurisée des paiements et une publication automatisée des revenus
- Support pour diverses options de paiement, y compris des méthodes traditionnelles avec puce et code PIN, ainsi que des méthodes numériques telles qu'Apple Pay, Google Pay et Samsung Pay
La solution vise à aider les prestataires de soins de santé à minimiser les dépenses, à améliorer la sécurité et à accroître l'efficacité du traitement des paiements. Oracle Health Payments tire parti de l'expérience d'Oracle dans des industries à fort volume de consommateurs pour offrir une solution complète qui peut être mise en œuvre rapidement et de manière rentable.
Oracle hat Oracle Health Payments gestartet, eine umfassende Zahlungslösung, die darauf abzielt, die Zahlungen von Patienten für Gesundheitseinrichtungen zu vereinfachen und gleichzeitig die Transaktionsgebühren zu senken. Auf der Oracle Cloud Infrastructure (OCI) aufgebaut, bietet der Dienst:
- Ein PCI-konformes, festes Preisgestaltungsmodell ohne zusätzliche Service- oder Bequemlichkeitsgebühren
- Integration mit der Kassentechnologie von Oracle und Oracle Health Patient Accounting
- End-to-End-Verschlüsselung und Tokenisierung für eine sichere Zahlungsabwicklung und automatisierte Umsatzbuchung
- Unterstützung für verschiedene Zahlungsoptionen, einschließlich herkömmlicher Chip- und PIN-Methoden sowie digitaler Methoden wie Apple Pay, Google Pay und Samsung Pay
Die Lösung zielt darauf ab, Gesundheitsdienstleistern zu helfen, Kosten zu minimieren, die Sicherheit zu verbessern und die Effizienz im Zahlungsprozess zu steigern. Oracle Health Payments nutzt die Erfahrung von Oracle in Verbrauchermärkten mit hohem Volumen, um eine umfassende Lösung anzubieten, die schnell und kostengünstig implementiert werden kann.
- Launch of Oracle Health Payments, a new end-to-end payment solution for healthcare facilities
- Fixed-rate pricing model with no additional service or convenience fees
- Integration with existing Oracle healthcare solutions
- Enhanced security features including end-to-end encryption and tokenization
- Support for various payment methods, including digital options
- Potential reduction in fraud and collection costs
- Out-of-the-box transaction and payout reporting for improved profitability tracking
- None.
Insights
Oracle's introduction of Oracle Health Payments represents a strategic move into the healthcare payments sector, leveraging its existing technology infrastructure. This solution addresses key pain points for healthcare providers, including transaction fee transparency and payment reconciliation efficiency. The fixed-rate pricing model could potentially improve financial predictability for healthcare facilities, which is important in an industry with tight margins.
From an investor perspective, this expansion into healthcare payments could open up a new revenue stream for Oracle, tapping into the
While this news is positive for Oracle's diversification strategy, it's important to note that the healthcare payments space is competitive, with established players like Square and Stripe also targeting this market. Oracle's success will depend on its ability to leverage its existing healthcare relationships and demonstrate clear cost savings and efficiency gains for providers.
Oracle Health Payments represents a significant advancement in healthcare financial technology. By integrating payment processing with patient accounting systems, Oracle is addressing a critical inefficiency in healthcare administration. The end-to-end encryption and tokenization features are particularly noteworthy, as they enhance security in an industry plagued by data breaches and fraud concerns.
The solution's compatibility with modern payment methods like Apple Pay and Google Pay aligns with the growing consumer demand for digital payment options in healthcare. This could potentially improve patient satisfaction and accelerate payment collection cycles for providers. Moreover, the PCI-compliant fixed-rate model simplifies compliance management, which is a significant pain point for many healthcare organizations.
From a technological standpoint, building this service on Oracle Cloud Infrastructure (OCI) demonstrates Oracle's commitment to leveraging its cloud capabilities across different sectors. This cross-industry application of technology could serve as a model for future healthcare IT innovations, potentially giving Oracle an edge in the competitive health tech market.
New service gives providers transparent, secure payment processing that makes it easy for patients to settle co-pays and account balances with their preferred payment method
Payment processing costs can vary widely between payment providers, card brands, or payment types. Compliance and service fees can also make it difficult for healthcare facilities to estimate and factor these costs into their financial planning. Built on Oracle Cloud Infrastructure (OCI), Oracle Health Payments offers a payment card industry (PCI)-compliant, fixed-rate pricing model with no additional service or convenience fees. Integrated with Oracle's point-of-sale hardware and Oracle Health Patient Accounting, Oracle Health Payments uses end-to-end encryption and tokenization, empowering health systems to securely capture payments and automate revenue posting, which helps reduce fraud and collection costs.
"Healthcare providers are looking to minimize unnecessary expenses and enhance security and efficiency in all aspects of their business," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "One of the great benefits of Oracle's unmatched industry experience and technology is our ability to apply proven solutions, like payments, across industries to solve these complex problems. With our comprehensive Oracle Health Payment solution, we are taking the hassle, time, and extra costs out of payment processing so healthcare facilities can provide enhanced service to their patients while improving how they capture and track patient payments."
Aligned with PCI regulations, Oracle Health Payments enables healthcare facilities to anticipate exactly how much they will pay for every transaction and avoid long-term contract commitments. With out-of-the-box transaction and payout reporting, health systems can also more accurately track profitability.
Oracle's Payment Cloud Service technology has been hardened in the most demanding, high-volume consumer industries, including retail, hospitality, stadiums, and restaurants. The service can be rolled out quickly and cost effectively, helping speed time to value. To learn more, visit: https://www.oracle.com/health/.
Learn more at the Oracle Health Summit in
The acquiring and payment processing services that are part of Oracle Health Payments are delivered by a third-party financial services provider.
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-helps-healthcare-facilities-simplify-patient-payments-while-reducing-transaction-fees-302277797.html
SOURCE Oracle
FAQ
What is Oracle Health Payments and when was it announced?
What are the key features of Oracle Health Payments?
How does Oracle Health Payments benefit healthcare facilities?
Where can I learn more about Oracle Health Payments (ORCL)?
