Oracle has officially announced a set of new enhancements for its Oracle Health Data Intelligence solution. In case you weren’t aware, Oracle Health Data Intelligence is actually a modular suite of cloud applications, services, and analytics. This suite makes it possible for various healthcare and government stakeholders to use data present across the healthcare ecosystem and help advance patient health, improve care delivery, all while driving substantial operational efficiency. In practice, such an arrangement reflects how customers can rely on Oracle’s suite to integrate, secure, and analyze data from a broad range of sources, including electronic health records (EHR), enterprise applications, insurance claims, and demographic records, before delivering a comprehensive view of individual patients and overall population health. By doing so, the solution instantly eliminates the cost and complexity of trying to integrate disparate data and systems on your own, something which can also conceive severe uncertainties around ROI. More on Oracle Health Data Intelligence suite’s existing form would reveal that customers who have used it, so far, experienced an average of 9-12 percent in cost reductions per member, per month (for commercial customers); a 5X increase in care gaps closed over 3 years through increased breast cancer screenings; and an average of 40-60 percent increase in annual wellness visits per provider, per year.
But how will the given updates improve the stated value proposition? Well, it will do so through, for starters, a new generative AI service dedicated towards care management. This service is going to summarize patient history for care managers, helping themdramatically reduce their manual chart review time andreach more patients every day. Next up, we must get into update’s pledge of an expanded network and quality analytics. By expanded, we mean more pre-built analytics for common requirements, including determinants of health, childhood wellness, immunization, and chronic conditions, such as diabetes and chronic obstruction pulmonary disease. Talk about expansion of services, the same theme is evident onceyou take into account that additional hierarchical condition categories, from multiple Centers for Medicare & Medicaid Services models, are now available in Oracle Health Data Intelligence suite. Meant to maximize reimbursements and optimize care, these new services include automated alerts within the Oracle Health HER, alerts that encourage providers to focus on care gaps and take action with individual patients. Then, we have the support for performance year 2024 Accountable Care Organization benchmarks. These benchmarks will assist institutions big time in the context of monitoring, managing, and increasing their gross savings. Complimenting the wholeenhancements’ assortment, though, is an upgrade on the suite’s innate technological performance which will accelerate insights using significantly faster load times.
“Oracle Health Data Intelligence platform has been a critical strategic asset throughout our organization, delivering actionable insights across multiple lines of business and empowering our providers to make more informed, precise decisions at the point of care,” said April Feld, DNP, RN, NEA-BC, CCM, CPHQ, director of care management at Stony Brook Medicine. “Moving forward, we view Oracle Health Data Intelligence not just as a tool but as a catalyst for transformation. Leveraging recent updates, including the power of Oracle Cloud Infrastructure and generative AI, we believe Oracle Health Data Intelligence will shape the future of data-driven healthcare.”
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