Oracle Corp - ORCL STOCK NEWS

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.

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.

The U.S. Army is migrating its Integrated Personnel and Pay System (IPPS-A) to Oracle U.S. Defense Cloud, marking Oracle's largest competitively awarded Joint Warfighting Cloud Capability (JWCC) task order to date. This migration, supported by Accenture Federal Services and Red River, is expected to yield significant cost savings compared to maintaining existing infrastructure. IPPS-A, serving over one million users, aims to modernize Army HR and talent management, reduce IT and military pay costs, and improve soldiers' lives through enhanced transparency and mobile capabilities.

The transition to Oracle U.S. Defense Cloud will allow the Army to securely manage sensitive data at scale, leveraging Oracle Autonomous Database for seamless migration. This move aligns with the Army's broader strategy to adopt cloud solutions that offer improved performance, lower costs, and modern capabilities. It also opens possibilities for exploring advanced data analytics and AI-powered chatbots to further optimize operations and enhance user experiences.

Fusion Risk Management, a leading provider of operational resilience and business continuity software, has appointed Lisa Schreiber as Chief Customer Officer. Schreiber, a veteran technology and professional services executive, joins Fusion's Executive Leadership Team to lead customer success, professional services, and support organizations.

With over 25 years of experience in technology, professional services, and risk management, Schreiber previously served as Chief Customer Officer at BlackLine (Nasdaq: BL) and held executive roles at Forcepoint, Oracle Corp. (NYSE: ORCL), GoldenGate Software, and Charles Schwab Inc.

CEO Michael Campbell emphasized Fusion's commitment to customer service and expressed enthusiasm for Schreiber's addition to the team. Schreiber aims to focus on anticipating customer needs, ensuring they maximize their investment in Fusion's software, and delivering value to their organizations.