Oracle touts new plans for health division

Approximately half of Cerner's Millennium customers, focused on automating hospitals much like Epic, are expected to transition to Oracle Cloud Infrastructure by February, Larry Ellison, chief technology officer of Oracle, said in a Dec. 11 earnings call.

Mr. Ellison said Oracle is working to overhaul Millennium through a phased approach. This method would involve upgrading and modernizing different aspects of Millennium gradually, with various components slated to become available starting in 2024. 

As Millennium transitions to Oracle Cloud Infrastructure, Mr. Ellison said specific customers will experience the integration of new features and capabilities, with a goal of having half of the customers on OCI by February. 

Simultaneously, Oracle is working on enhancing the Millennium suite with the introduction of new products. These additions span public health products, catering to entities such as national and state health departments, as well as offerings for pharmaceutical companies. Additionally, its expanded product line includes tools for hospitals to manage inventory and workforce efficiently.

Oracle has also been working on an initiative that originated from Cerner, now fully developed and mostly rewritten. This project, known as the Health Data Intelligence Platform, originally recognized as Cerner HealtheIntent, is poised to be completed by the next calendar year, Mr. Ellison said. While still in the process of finalization, the platform, which is designed for public health applications, is tailored for the management of population-scale public health and offers a solution for public health management.

When it comes to the future of Oracle's health division, Mr. Ellison said the company wants to offer a range of products that cater to the entire healthcare ecosystem. This includes payers, governments, insurance companies, providers, pharmaceutical and research companies, and public health departments at national and state levels. 

"We have products for the entire healthcare ecosystem, which is a much larger footprint than Cerner ever had," Mr. Ellison said on the call. "So, we are going after a much larger market than Cerner was. So, we expect Cerner to be a growth story."

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