Since acquiring EHR vendor Cerner in June 2022 for $28.4 billion, Oracle has made a series of sweeping changes aimed at transforming the platform.
Below are six developments since the acquisition, as reported by Becker’s:
- Rebrand: One of Oracle’s first moves was rebranding Cerner as Oracle Health. Leadership shifts soon followed, including appointing David Feinberg, MD, as chair of Oracle Health and Travis Dalton as general manager of government services. Oracle also tapped the former head of CMS under the first Trump administration, Seema Verma, to oversee Oracle Health. Ms. Verma first joined Oracle in April 2023 and was appointed senior vice president and general manager of Oracle’s life sciences business.
- Introduction of a next-generation EHR system: In October 2024, Oracle unveiled plans to build a new EHR system built on Oracle Cloud Infrastructure. This platform incorporates advanced AI capabilities and is designed to be intuitive, eliminating traditional menus in favor of voice commands, according to the company.
- Deployment of the Oracle Health Clinical AI Agent: Oracle launched the Clinical AI Agent, formerly known as the Clinical Digital Assistant. Integrated into the Oracle Health EHR, this voice-activated tool generates clinical notes and suggests follow-up actions, aiming to reduce administrative burdens for clinicians.
- Enhancing interoperability: Oracle introduced Seamless Exchange, an interoperability tool that consolidates patient data from various sources into a single longitudinal record, helping clinicians access comprehensive patient information efficiently.
- Application for TEFCA participation: In May, Oracle Health Information Network, a subsidiary of Oracle Health, was accepted as a Qualified Health Information Network (QHIN) under the Trusted Exchange Framework and Common Agreement (TEFCA), aiming to facilitate standardized and secure health data sharing nationwide.
- Hospital market share: According to KLAS reports, Oracle Health’s acute care EHR market decreased from 25% in 2021 to 22.9% in 2024. The company saw a net loss of 74 hospitals. Additionally, a 2023 investigation by Bloomberg, based on interviews with more than 30 current and former Cerner employees and customers, found that a dozen major clients had finalized plans to replace Oracle Health’s software. Interviewees also noted that ambitious product innovations have stalled since the company’s acquisition, with “bold product ideas” for the platform reportedly deprioritized.
