Oracle Corp - ORCL STOCK NEWS

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.

Oracle has unveiled new supply chain capabilities within Oracle Fusion Cloud Applications Suite aimed at optimizing healthcare inventory management. The updates to Oracle Fusion Cloud Inventory Management and Procurement include key features: Inventory Shortages Workbench for identifying and solving stockouts, Mobile Recall Management for quick response to product recalls, RFID for Replenishment to automate stock management, and a partnership with Symmetric Health Solutions to expand medical product catalogs. These enhancements aim to automate manual processes, increase visibility, and improve procurement data quality for better patient care.

Oracle announced a collaboration with NTT DATA Japan to enhance sovereign cloud capabilities in Japan through Oracle Alloy. NTT DATA Japan will deploy Oracle Alloy in two data centers, expanding its OpenCanvas sovereign cloud platform with access to 150+ Oracle Cloud Infrastructure (OCI) services, including AI capabilities. The services will be available in Japan East by December 2025 and Japan West by March 2027. This initiative supports data sovereignty requirements and regulatory compliance for Japanese organizations. The collaboration aligns with Oracle's recently announced US$8 billion investment in cloud computing and AI infrastructure in Japan.

Oracle Cloud Infrastructure (OCI) has been recognized as a Leader in two 2024 Gartner® Magic Quadrant™ reports for Strategic Cloud Platform Services and Distributed Hybrid Infrastructure. OCI stands out as the only hyperscaler offering 150+ AI and cloud services across public, dedicated, and hybrid cloud environments globally.

The platform provides comprehensive services including built-in AI capabilities, leading generative AI models, and powerful infrastructure. Key advantages include cost savings of up to 50% for compute, 70% for storage, and 80% for networking compared to other hyperscalers. OCI maintains consistent global pricing across 85 live regions and 77 planned regions, offering the same service level agreements and APIs worldwide.

Billings Clinic-Logan Health has chosen to expand Oracle Health's Electronic Health Record (EHR) system across all its 30 hospitals and clinics in Montana and northern Wyoming. The decision follows a competitive analysis considering implementation timeline, total cost, and impact on clinicians and patients. The unified platform will enable seamless access to patient records across facilities spanning 570 miles, improving care coordination and reducing administrative burden. The system includes an AI-powered Clinical Digital Assistant that can automatically document physician-patient encounters, allowing doctors to spend more time with patients and less time on paperwork.