New healthcare-specific capabilities in Oracle Fusion Cloud
Applications Suite help healthcare organizations drive operational
efficiency, empower employees, and improve patient outcomes
NASHVILLE, Tenn., April 23,
2024 /PRNewswire/ -- Oracle Health Summit
-- Oracle is introducing new capabilities to Oracle Fusion
Cloud Applications Suite to help healthcare organizations drive
operational efficiency, empower employees, and improve patient
outcomes. The new capabilities within Oracle Fusion Cloud Supply
Chain and Manufacturing (SCM), Oracle Fusion Cloud Human Capital
Management (HCM), and Oracle Fusion Cloud Enterprise Resource
Planning (ERP), will enable healthcare organizations to streamline
processes, support increased productivity, help reduce costs,
foster employee growth, and better serve patient needs.
"Healthcare organizations are under pressure to deliver a
consistently high standard of care while controlling costs and
addressing employee needs," said Steve
Miranda, executive vice president, applications development,
Oracle. "The latest additions to Oracle Cloud SCM, Oracle Cloud
HCM, and Oracle Cloud ERP will help our customers build more
efficient and resilient supply chain processes, enhance the
employee experience, improve planning, and better support frontline
workers so they can focus on what matters most – delivering
high-quality care to their patients."
Streamline Procurement with Oracle Healthcare
Marketplace
To drive more efficient procurement processes
and help healthcare organizations better manage spend, Oracle is
introducing Oracle Healthcare Marketplace, a B2C shopping
experience within Oracle Fusion Cloud Procurement. Oracle
Healthcare Marketplace provides a progressive search capability
that helps healthcare organizations to:
- Maximize on-contract spend: By integrating all available
contracts, including Group Purchasing Organization (GPO), and
locally, regionally, and nationally negotiated contracts, Oracle
Healthcare Marketplace helps healthcare organizations easily access
their full portfolio of contracts and supplier sources. This
enables healthcare organizations to expedite sourcing and
contracting processes, and help increase savings by optimizing
on-contract purchasing.
- Improve product data
accuracy: By automatically cleansing product catalog
data, Oracle Healthcare Marketplace helps healthcare organizations
improve data consistency and accuracy across source systems. This
enables healthcare organizations to save time and resources, and
help reduce spending on costly non-catalog requests that result
from incorrect product or pricing data.
- Enhance the buying experience: By providing an
expansive third-party medical, surgical, and device product
catalog, Oracle Healthcare Marketplace helps healthcare
organizations discover, source, and price desired items that are
not listed within an organization's existing item master,
frequently purchased items, or contract portfolio. This enables
healthcare organizations to increase productivity in sourcing and
minimize order errors.
Oracle Healthcare Marketplace is the latest addition to Oracle
Cloud SCM to help healthcare organizations optimize planning,
automate processes, and enhance visibility across the supply chain.
Oracle recently announced healthcare-focused mobile capabilities to
help improve the efficiency and accuracy of inventory management
processes.
Empower Healthcare Workers with Enhanced Employee
Experiences
To support the success of healthcare workers,
Oracle Cloud HCM helps healthcare organizations attract and retain
skilled labor and develop talent to deliver the highest quality of
patient care, while also offering employees new growth
opportunities and helping business leaders manage complex staffing
plans to support their teams. With Oracle Cloud HCM, healthcare
organizations can:
- Attract and retain the best talent: Oracle Recruiting
and Oracle Recruiting Booster help healthcare organizations
efficiently source, screen, and hire in one complete recruiting
solution. To help retain top talent, Oracle Touchpoints and Oracle
Celebrate, part of the Oracle ME employee experience
platform, help employees facilitate meaningful manager
check-ins and peer recognition to reduce employee burnout and
turnover, while Oracle Workforce Scheduling helps employees create
flexible, personalized schedules that meet unique industry
requirements.
- Develop talent based on patient care needs: Oracle Grow,
also part of the Oracle ME employee experience platform, leverages
AI to help leaders upskill staff to improve patient care and
provide transparency into career growth opportunities with
prescriptive role guides. Oracle Talent Management continuously
validates licenses and certifications with third-party providers to
keep key resources up to date with the right skills.
- Improve resource optimization: Oracle Workforce
Scheduling helps healthcare organizations to always have the
right team in place to deliver high-quality patient care by
automatically generating staff schedules based on accreditations,
eligibility, and availability to work various shifts. It also
enables managers to better prepare for overflow and fill open
shifts by leveraging financial, supply chain, and medical insights
from across Oracle Cloud ERP, Oracle Cloud SCM, and Oracle Health
Electronic Health Record.
Enable Better Patient Care with Comprehensive Financial and
Operational Planning
To enhance insights, strengthen
decision-making, and improve patient care, Oracle Fusion Cloud
Enterprise Performance Management (EPM), part of Oracle Cloud ERP,
helps healthcare organizations model and plan across finance, HR,
and supply chain functions. With Oracle Cloud EPM, healthcare
organizations can:
- Improve forecast accuracy: Predictive planning
capabilities in Oracle Planning help healthcare organizations
refine and validate plans and forecasts to reduce risk. In
addition, advanced predictions allow healthcare organizations to
improve forecasting accuracy for patient volume, revenue, and other
related expenses to effectively manage costs and resource
capacity.
- Streamline financial reporting: Oracle Financial
Consolidation & Close helps healthcare organizations
leverage AI and automation to speed the close process and improve
governance. With generative AI-powered management reporting
narratives and contextual collaboration across finance and
operating functions, organizations can improve productivity and
focus more on overall patient outcomes.
Oracle Fusion Applications Suite enables organizations to take
advantage of the cloud and the latest advancements in AI to break
down organizational silos, standardize processes, and manage
finance, HR, supply chain, and customer experience data on a single
integrated cloud platform. With quarterly update cycles, it gives
customers access to continuous innovation as new features are added
every 90 days.
To learn more about Oracle Fusion Applications, please
visit: oracle.com/applications
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.
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SOURCE Oracle