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Oracle Supports White House's Vision for Healthcare Data Interoperability

1. Oracle supports CMS' Digital Health Ecosystem for healthcare data sharing. 2. Pledge aims to enhance patient care and reduce costs. 3. Oracle Health promotes AI and interoperability in medical records. 4. Collaboration with public and private sectors to boost healthcare efficiency. 5. Efforts to eliminate barriers in healthcare data interoperability.

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Why Bullish?

Oracle's involvement in healthcare technology can enhance market perception and drive demand. Historically, partnerships in innovative sectors have resulted in stock price increases for tech companies.

How important is it?

The article highlights Oracle's strategic commitment to healthcare, likely boosting investor confidence. Its implications for market share and innovation in the health sector are significant.

Why Long Term?

Improvements to healthcare interoperability will gradually influence Oracle's market position and financials. Long-term investments in AI and healthcare alignment are likely to yield sustainable growth.

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Joins industry leaders in signing pledge to accelerate and simplify healthcare data sharing , /PRNewswire/ -- Oracle today pledged support for the Centers for Medicare and Medicaid Services' Digital Health Ecosystem and Interoperability Framework. During the Make Health Tech Great Again event at the White House, Oracle executives Mike Sicilia and Seema Verma committed to working with the federal government and industry leaders to deliver a more interoperable, secure, AI-enabled healthcare system that improves patient care, enhances provider experiences, and drives down the cost of care delivery. "Thanks to President Trump's leadership, a broad range of important stakeholders have committed to eliminating the walled gardens that have thwarted true healthcare data interoperability," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "This is a win for patients, providers, industry competition, and taxpayers. We look forward to working across the healthcare ecosystem to deliver a secure, interoperable, standards-based, and AI-enabled medical records system that will foster medical breakthroughs and support better outcomes and experiences for patients and the medical professionals that care for them." Oracle Health delivers AI-powered cloud technology to enable interoperable data exchange and longitudinal health records that help practitioners to easily coordinate care across health systems, make informed decisions, and operate more efficiently to reduce costs. In collaboration with public and private sector leaders, Oracle Health will continue its work to deliver an open medical records system that benefits the safety and well-being of patients. "We are proud to work with the Trump administration to help address the long-standing lack of data interoperability that makes it harder for healthcare providers to deliver efficient, coordinated, and informed care," said Mike Sicilia, president, Oracle Industries. "By using open standards and collaborating across the industry to enable secure data sharing, we can help health systems reduce administrative waste, give practitioners the information they need to do their jobs more effectively, and enhance safety for patients." Additional Resources Learn more about Oracle Health Read about Oracle Health's interoperable solutions 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 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 Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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