Health Technology, Digital Healthcare
Oracle | September 20, 2023
The Oracle Fusion Cloud Applications Suite offers healthcare-specific functionalities enabling entities to streamline operations and enhance patient outcomes.
The conference highlights the need for healthcare organizations to prioritize transparency and collaboration across the entire delivery system, including suppliers, payers, and patient invoicing.
As healthcare increasingly prioritizes proactive patient care, enhanced integration and collaboration across the ecosystem are vital for greater efficiency, accessibility, and equity.
During the Oracle Health Conference, Oracle introduced specialized healthcare features into its Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Enterprise Performance Management (EPM), and Oracle Fusion Cloud Supply Chain and Manufacturing (SCM) solutions to assist healthcare organizations in improving patient care.
The healthcare-specific functionalities have been integrated into the Oracle Fusion Cloud Applications Suite to assist healthcare organizations in enhancing financial transparency, fortifying supply chains, and elevating patient care. These will also help empower healthcare organizations to boost efficiency, reduce costs, adapt to new business models, improve decision-making processes, and enhance patient services.
Nevertheless, the healthcare sector faces significant hurdles due to unpredictable demand and increased administrative costs. These challenges include managing resource and supply shortages and adapting to changing financial requirements for patient care. These difficulties have arisen when the demand for efficient and accessible healthcare is more critical than ever.
The newly introduced capabilities within Oracle's healthcare-specific solutions empower healthcare organizations to streamline operations and adapt to evolving healthcare delivery models, from telehealth to home and community-based care. These enhancements encompass vital areas, including financial consolidation and reporting, which provide healthcare organizations with the tools to maintain comprehensive financial oversight in a complex healthcare environment through AI and automation. In procurement, these capabilities help reduce expenses and enhance the efficiency of medical supply orders, including contract and pricing integrations with group purchasing capabilities. Furthermore, replenishment planning and recall management features improve the availability of medical supplies by predicting demand and facilitating efficient recall processes to enhance safety and reduce risks within the healthcare supply chain.
Steve Miranda, Executive Vice President of Applications Development at Oracle, stated,
The new capabilities added to Oracle Fusion Applications Suite will help healthcare organizations adopt new business models, embrace rapid innovation, build agile and sustainable supply chains, and better serve patients' needs—now and in the future.
[Source: Cision PR Newswire]
The Oracle Fusion Applications Suite will empower organizations to leverage cloud technology for dismantling internal barriers, standardizing operations, and centralizing financial, HR, supply chain, and customer experience data within a unified cloud platform. Through quarterly update cycles, customers can continuously access the latest innovations as new capabilities are regularly incorporated.
Healthtech Security, Digital Healthcare
CommonSpirit Health | September 22, 2023
Population Health Services Organization strives to enhance access to equitable healthcare, elevate quality, reduce costs, and benefit millions of patients.
Half of CommonSpirit's value-based providers are external, paving the way for PHSO's network expansion.
PHSO leverages CommonSpirit's value-based healthcare expertise, including successful risk-bearing organizations and ten accountable care organizations covering over 2.6 million lives.
CommonSpirit Health has unveiled a nationwide value-based services platform named Population Health Services Organization (PHSO). This initiative primarily aims to enhance access to equitable healthcare, elevate care quality and outcomes, and reduce the overall cost of healthcare delivery.
PHSO will deliver various services, including advanced population health analytics, network administration, care coordination, data management and analytics, technological infrastructure support, reporting, and additional support to empower healthcare providers and provider networks to excel in value-based care.
Wright Lassiter III, CEO of CommonSpirit Health, stated,
The PHSO is a natural extension of our mission and longstanding commitment to providing high-quality, equitable care and addressing social determinants of health.
[Source – Business Wire]
He added that by harnessing CommonSpirit's national scale and expertise in value-based care, the company's goal is to elevate the standard of healthcare in the United States and assist providers in succeeding in value-based care within diverse community-based health system environments.
CommonSpirit Health extends its services to urban and rural communities across 24 states, establishing itself as one of the United States' most prominent providers of Medicare and Medicaid services. Consequently, its PHSO will cater to an even more diverse payer portfolio.
Thomas McGinn, MD, MPH, Executive Vice President, Physician Enterprise at CommonSpirit Health, highlighted the organization's unique advantage in serving diverse communities encompassing Medicaid, Medicare, and commercial insurance, making their data more representative of the American population compared to models primarily focused on commercial insurance.
He added that CommonSpirit's presence in 24 states provides them with the data, tools, and access to a broad patient demographic, allowing them to tackle crucial national health challenges that require their size, scale, and expertise. For example, they can utilize data insights to understand testing, referral, and treatment patterns, enabling interventions that reduce viral infections like Hepatitis C, disproportionately affecting vulnerable populations.
Value-based care emphasizes the quality of healthcare over its quantity, promoting comprehensive and coordinated care to enhance health outcomes, quality, and equity. This model relies on contractual incentives for providers to achieve superior results, improve quality, enhance patient experiences, and curb healthcare expenses. Notably, the demand for such agreements is rising, exemplified by the company's goal to transition most Medicaid and all Medicare beneficiaries into value-based care relationships by 2030.
CareView Communications | September 13, 2023
CareView Communications, Inc., a prominent provider of integrated virtual care solutions for the healthcare sector, has announced the introduction of its most recent milestone in patient care technology through the unveiling of Software Version 5.10. This release incorporates many cutting-edge features and improvements meticulously crafted to empower healthcare professionals and enhance patient results.
Software Release 5.10 introduces a range of significant enhancements, beginning with the seamless integration of CareView with Get Well, a leading patient engagement platform. This integration facilitates bidirectional video communication, ultimately elevating patient engagement, education, and overall satisfaction.
Additionally, a new Universal Dashboard has been introduced. This internal tool plays a crucial role in optimizing solutions. It leverages hospital utilization data along with machine learning algorithms to provide predictive analytics and enables in-depth analyses, significantly enhancing the overall offerings.
Derek del Carpio, CareView's VP of Product Development, stated,
At CareView, we continuously strive to provide innovative solutions that redefine patient care. Software Release 5.10 is a testament to our commitment to advancing virtual care technology and enhancing the well-being of patients.
[Source: Business Wire]
Further, substantial improvements have been applied to the Virtual Sitting feature, empowering CareView Controllers to manipulate associated views through EquipmentView and introducing Night Mode in SitterView to reduce eye strain, thus enhancing both patient monitoring flexibility and safety. Virtual Nursing has also undergone notable refinements, enabling the virtual Registered Nurse to mute participants during TeleCareView encounters, facilitating participants' easy transition between viewing fellow participants and shared screens, and granting healthcare providers the capability to blur backgrounds in TeleCareView, thereby fostering a more professional and focused virtual interaction environment.
CareView maintains a steadfast commitment to fostering collaboration with healthcare providers to elevate patient safety, optimize clinical processes, and enhance overall patient care quality. Introducing this latest software release further underscores CareView's unwavering dedication to providing hospital teams with innovative virtual care solutions to meet their evolving needs.
About CareView Communications
CareView, leveraging predictive technology and purpose-built hardware, has forged partnerships with more than 200 hospitals to tackle pressing staffing issues and elevate patient safety through its platform. The company collaborates closely with its hospital partners to deliver tailored virtual care strategies that improve patient outcomes and foster a sustainable healthcare ecosystem.