Oracle Corp - ORCL STOCK NEWS

Oracle has launched Oracle Health Clinical Data Exchange, a cloud-based solution built on Oracle Cloud Infrastructure (OCI) that streamlines medical claims processing through automated data exchange between healthcare providers and payers. This new system aims to replace manual transmission of medical records with a secure, centralized network, potentially reducing administrative time and costs, speeding up approval of patient clinical services, and accelerating claims and payment processing.

The solution addresses the current inefficiencies in the healthcare system, where about 70% of authorizations are done by phone or fax, and only 25% of documents related to reimbursement are shared digitally. Oracle Health Clinical Data Exchange offers enhanced data security, leveraging OCI's cybersecurity capabilities. Providers can control their data and audit which information was shared with payers, ensuring strong data governance and policy compliance.

Oracle has introduced new AI-powered capabilities within Oracle Fusion Cloud Service and Oracle Fusion Cloud Field Service to enhance customer service efficiency and experience. These updates aim to increase productivity, improve understanding of customer issues, and streamline resolution processes.

Key features include:

• An automated service agent that develops actionable plans for service representatives
• Call and chat summarization using generative AI to produce accurate conversation summaries
• Field service knowledge search augmentation leveraging large language models and semantic search capabilities

These AI-driven workflows are designed to reduce time-to-resolution, improve first-time fix rates, and ultimately enhance customer satisfaction. The new capabilities are part of Oracle Fusion Cloud Customer Experience (CX), a suite of applications for managing customer relationships.

Oracle Financial Services has been named the category leader in the inaugural RiskTech AI 50 2024 report by Chartis Research, securing the highest overall ranking among fifty industry players. The report recognizes leaders in financial risk management based on impact, deployment, strategy, and innovation.

Oracle led in seven categories, including innovation, impact, computational infrastructure for AI, use of AI in retail banking, finance, and accounting, and AI-driven document and data management frameworks. The company's advanced AI-enhanced applications, particularly in retail banking, finance, and accounting, were central to this recognition.

Sonny Singh, executive vice president and general manager of Oracle Financial Services, emphasized the company's commitment to delivering cutting-edge, AI-powered solutions that drive meaningful impact for customers across the financial services sector.

Oracle has introduced the Oracle Financial Services Crime and Compliance Management Investigation Hub Cloud Service, an AI-powered case management solution designed to enhance financial crime investigations. This new service aims to reduce investigator time by up to 70% by automating manual tasks, removing data silos, and providing actionable insights.

Key benefits include:

• Simplified investigator experience with automated data gathering and SAR filing
• Data-driven storytelling with auto-generated narratives and graph analysis
• Highly configurable to meet specific institutional needs
• Built on Oracle Cloud Infrastructure (OCI) for high performance and security
• Seamless integration with other Oracle FCCM solutions and third-party data providers

The Investigation Hub is part of Oracle's Financial Crime and Compliance Management portfolio, offering a comprehensive suite of AML and FCCM SaaS applications for global financial institutions.

Oracle has announced plans to invest over US$6.5 billion to open a public cloud region in Malaysia, aiming to meet the growing demand for AI and cloud services in the country. The investment will enable Malaysian organizations to leverage AI infrastructure and services, and migrate critical workloads to Oracle Cloud Infrastructure (OCI).

The upcoming cloud region will offer 150+ infrastructure and SaaS services, including OCI Generative AI Agents, accelerated computing, and OCI Supercluster. This expansion is expected to boost Malaysia's digital economy and drive AI-fueled innovation. The investment aligns with Malaysia's New Industrial Master Plan's vision of creating 3,000 smart factories by 2030.

Oracle's decision underscores Malaysia's infrastructure readiness and its growing position as a premier Southeast Asian destination for digital investments. The cloud region will provide customers with low-latency access to cloud services, helping them meet data residency requirements within Malaysia.

Oracle Health CommunityWorks, an integrated electronic health record (EHR) system, is gaining traction among community and critical access hospitals across the U.S. The system supports clinical, financial, and operational needs of smaller hospital operations in acute and ambulatory settings. Recent adopters include Shoshone Medical Center, Eureka Springs Hospital, and Johnson Regional Medical Center.

Oracle Health has enhanced CommunityWorks with new integrations:

• Oracle Clinical Digital Assistant: An AI-powered technology that assists in patient visits and documentation
• Oracle Health RevElate Patient Accounting: Automates revenue cycle workflows
• Oracle Health Seamless Exchange: Streamlines care coordination between facilities

These additions aim to improve efficiency, patient care, and financial outcomes for healthcare organizations.

Oracle Health has unveiled new electronic health record (EHR) innovations aimed at streamlining clinical tasks and enhancing patient care. Key improvements include:

1. Streamlined chart reviews
2. Advanced documentation tools
3. Enhanced medication processes for increased safety
4. Updated order management with closed-loop tracking
5. Improved mobile charting capabilities
6. Expanded Oracle Health Provider Portal features

Oracle has also introduced the Oracle Clinical Digital Assistant, an AI-powered mobile solution to reduce physician burnout. The company has implemented numerous performance enhancements and launched the Autonomous Shield initiative to strengthen cybersecurity for EHR customers migrating to Oracle Cloud Infrastructure (OCI).

Oracle Health has released free code to support the Veteran Interoperability Pledge, enabling secure sharing of patient health information between the US Department of Veterans Affairs (VA) and community providers. This initiative allows Oracle Health's electronic health record (EHR) customers to integrate VA APIs into their workflows, facilitating data exchange for Veterans' care both inside and outside the VA network.

The new code package helps providers confirm a patient's Veteran status, particularly in emergency situations, ensuring timely and accurate treatment. It also aids in connecting Veterans to appropriate care, invoking veteran protocols, and streamlining reimbursement processes. Marshfield Clinic Health System is already implementing this solution in its emergency and urgent care departments.

Oracle has released Java 23, the latest version of the world's leading programming language and development platform. This update delivers 12 JDK Enhancement Proposals aimed at increasing developer productivity and driving innovation. Key improvements include:

1. Language Features via Project Amber, enhancing pattern matching and module importing.
2. Library Updates introducing new APIs for class-file manipulation, vector computations, and stream operations.
3. Performance Enhancements with ZGC generational mode by default.
4. Tools Improvements allowing Markdown in documentation comments.

Java 23 is supported by Java Management Service (JMS) 9.0 and includes the Graal JIT Compiler for improved peak performance. Oracle also announced the return of JavaOne in March 2025 in Redwood Shores, California.