Oracle, Cerner Deal Sign of Connected Healthcare

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To get an idea of ​​the growth prospects for connected healthcare, check out the deals over the past few months. The latest evidence is Oracle’s interest in Cerner Corp., the electronic medical records and data analysis company that has made headlines recently.

The news of talks between Oracle and Cerner came on Thursday (December 16). The Wall Street Journal reported that a rumored price tag of $ 30 billion would make the Cerner acquisition the largest of all time – further evidence of Oracle’s intention to own a larger piece of healthcare.

The data and cloud computing giant already has a sizeable presence in the healthcare sector with vertical solutions for finance and operations, insurance management and analytics.

Cerner specializes in electronic health records (EHR) and data analysis, with innovations such as the Essential Clinical Datasets tool, which drives the use of patient data for better clinical outcomes.

Should a deal come off, Cerner’s EHR expertise combined with Oracle’s processing could create a massive cloud-based health analysis and innovation powerhouse.

In August, Cerner appointed former head of Google Health, Dr. David Feinberg as its new CEO. During the keynote speeches at the Cerner Annual Conference in October, Feinberg said, “The usability of technology is just the beginning, not the real promise of the digital age. Repairing the EHR is our first task. The pipes are being laid through 40 years of digitization, that’s wonderful. But now we have to make it easier to get the right information to the right people at the right time. “

Large technology and enterprise software companies clearly see themselves as part of the future healthcare landscape. Microsoft acquired Nuance Communications, the artificial intelligence (AI) company for speech recognition, earlier this year. This deal also focuses on EHR, data and analytics.

Google’s health plans have encountered some issues, but Karen DeSalvo, Google’s chief health officer, told CNBC in October that the company “is still totally focused on health.”

See Also: Video Conferencing Platforms That Reliance On Telemedicine For Benefit And Growth

In times of the pandemic, digital health information is of great importance.

PYMNTS ‘latest study of the connected digital economy finds that “many have become accustomed to using websites, apps, podcasts, telemedicine sessions, and even social media to collect data and make decisions about their personal health. Our research shows that 40% of consumers today, for example, use websites or apps to access their personal health information, and 37% use wearable technology to do the same. “

Download study: The connected consumer in the digital economy: Who wants to live in a digitally connected economy – and why?

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NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About:More than half of US consumers believe that biometric authentication methods are faster, more convenient, and more trustworthy than passwords or PINs – so why are they using less than 10%? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception and usage gap and to find out how companies can increase usage.


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