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Oracle delivers on the promise of modern EPD

by trpliquidation
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Oracle delivers on the promise of modern EPD

At the Oracle Health Summit, Oracle unveiled its newly built EHR, which will be released to early adopters in 2025. After previewing the product, I noticed its modern design, which incorporates the clinical AI agent that enables hands-free documentation and patient queries, reducing the use of traditional keyboard and mouse clicks. Meanwhile, major healthcare systems such as Intermountain Health, the University of Pittsburgh Medical Center and AdventHealth have already signaled plans to move away from Oracle’s EHR. With this announcement, the question remains: can Oracle convince healthcare CIOs to reconsider their choices?

Two considerations that matter most to healthcare CIOs and technology leaders are:

ERP decision for healthcare

Healthcare organizations are faced with a new decision about their business system: their outdated back-office ERP software requires evaluating vendors and moving to a cloud ERP solution. Oracle has a proven cloud ERP solution that many healthcare organizations already use. One thought is: should they also stay or continue with the newly built Oracle EPD versus switching systems so that the two largest enterprise software (ERP and EPD) remain on one platform?

The industry has struggled with the ease of integration between their ERP and EHR systems to generate insights that can help drive operational efficiency. Leaning on a single vendor platform will simplify back-office data integration and clinical data management while helping healthcare CIOs reduce the number of point solutions in their portfolio.

It will be interesting to see if Oracle’s cloud ERP solution will impact a healthcare organization’s decision to adopt or retain Oracle’s new EHR.

Merger and acquisition strategy

Mergers and acquisitions continue to be strong as we see large systems integrate with a competitor of similar size or acquire a smaller organization to integrate into the enterprise. One of the traditional strategies used by healthcare CIOs is the consolidation of EHR systems, which is complex because it involves a new system implementation that involves significant change management costs. The thought process behind system consolidation is to centralize the technology tools and potential business model while the acquiring organization believes they have better technology and operational efficiencies.

CIOs and healthcare executives can rethink their EHR strategy during mergers and acquisitions if the organization acquires a hospital using Oracle’s EHR. Sticking with the current system can significantly reduce costs and free up time to assess whether consolidation to a single enterprise-wide EHR is necessary. Large healthcare systems face significant implementation costs when mergers and acquisitions factor into their strategic plans.

Oracle’s launch of a brand new EHR is a great achievement and a promising advancement for the industry. Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences said, “Most EHRs were built in the 1990s and are ill-equipped to meet the complex security requirements and clinical needs of today’s healthcare networks, physicians and patients. ” In addition, Oracle is exploring new EHR implementation partners that could improve customer support and implementation experience. While Oracle has introduced an impressive, modern product, the question remains: is it too late to capture the attention of the US market?

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