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Oracle Health Information Network Achieves Candidate Status for TEFCA QHIN

1. Oracle Health is now a candidate Qualified Health Information Network. 2. This will improve interoperability in patient data exchange and care delivery. 3. Built on Oracle Cloud Infrastructure, data sharing will be faster and more efficient. 4. Customers will potentially participate in standardized health information sharing. 5. This aligns with Oracle's commitment to advanced AI capabilities in healthcare.

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FAQ

Why Bullish?

Oracle's involvement in QHIN enhances its position in healthcare tech, similar to past benefits from cloud contracts.

How important is it?

The QHIN role is pivotal for Oracle's growth in the healthcare sector, influencing long-term revenues and market share.

Why Long Term?

As Oracle becomes integral to healthcare data sharing, its strategic value will grow, akin to its cloud market expansion.

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, /PRNewswire/ -- Oracle Health Information Network Inc., a subsidiary of Oracle Health, is now a candidate Qualified Health Information Network® (QHIN™) as a part of the Trusted Exchange Framework and Common Agreement™ (TEFCA™). With this achievement, it will now begin the pre-production testing and project plan completion phase of the onboarding and designation process.  "As a candidate of QHIN, we're eager to collaborate with other designated QHINs and candidates to validate the exchange of patient data to help remove cost and complexity across the industry and improve care delivery," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "Building on our long-standing commitment to interoperability, we want to ensure patients can easily access their comprehensive clinical history and share relevant portions as needed to achieve their treatment goals." Oracle Health Information Network will be built on Oracle Cloud Infrastructure (OCI) and will benefit from its agility, scalability, advanced security, and high performance. OCI is expected to make sharing health data faster and more efficient by reducing the dependencies on third party technology that can complicate and slow down the process. Accelerating data exchange and securely expanding the variety and volume of data available across the healthcare ecosystem is increasingly important to fuel advanced AI capabilities that can help inform care decisions, optimize treatment paths, and streamline payment processes. If designated, Oracle Health Information Network customers will be able to participate in the U.S. government endorsed nationwide approach to offer secure, smooth, and standardized sharing of health information between providers and payers, and government agencies. Additional Resources Regarding Oracle's Commitment to Interoperability: Oracle Health Information Network's Candidate QHIN Frequently Asked Questions Learn more about Oracle Health's Interoperable Solutions  Learn more about TEFCA About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. SOURCE Oracle WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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