Oracle Healthcare strategy

Neil de Crescenzo the Oracles VP for Healthcare introduced the Healthcare track with a thought provoking presentation some of key issues facing the industry.

Oracle see three pressures upon the health care industry:

1. Increasing demand for healthcare, from an aging population, new drugs, chronic diseases and consumers awareness of illness
2. Growing Environmental Pressures, from consumers asking for value for money, infectious diseases and bio terrorism, rising medical malpractice and legislation and audit demands
3. Worsening Healthcare Economics from 'to do more with less' with staff shortages,  matching limited (or finite) resources with growing demand from patients.

The Presentation then stepped through how Oracle can help  the Provider, Payers and Life science sectors:

Providers are focused on three major areas

1. Providers want to ensure quality of care and patient safety.
2. To attract and retain the healthcare workforce
3. To mitigate cost and comply with regulations

The NHS mentioned in relation of the Electronic Staff record saving $250 million. Simon Fletcher was awarded a prize last night. 

Consumers wish to direct their own care. But consumers are not given the correct information to make the informed decisions - this information needs to be integrated held by multiple entities, but this makes this it hard for consumers to channel this data.

So BI is becoming a top priority, which will give:

Performance management ( to see better quality outcomes)

Need for greater insight beyond CEO and CMO

Analytics increasingly delivers  capabilities that will enable a more effective healthcare system.

Integrated analytics would see information held in Benchmark systems, Omic's,  Clinical systems, billing and ERP being combined and reported upon,

The second sector was the payer market, which includes increased consumerism citizen services which greater transparency and choice. Service such as choose and book would fit into the area.

The final section of the presentation look at Life Sciences sector.

To wrap up Oracle are going to provide support more for personalised healthcare systems.