- Oracle announced that it recently received HIPAA certification for its Oracle Fusion Suite of software-as-a-service (SaaS) applications, including enterprise resource planning (ERP), human capital management, (HCM), and customer relationship management (CRM).
Oracle’s HIPAA certification demonstrates that its SaaS solutions meet the strict requirements necessary for successful health IT infrastructure deployment.
The company also announced Service Organization Control (SOC) verification for its platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) offerings, including database public cloud service, application builder cloud service, and storage cloud service.
"Oracle is continuously investing time and resources to meet our customers' strict requirements across highly regulated industries," Oracle Global Senior Director of Public Cloud Compliance, Risk and Privacy Erika Voss said in a statement. "These new certifications not only validate the reliability and security features of the Oracle Cloud; they effectively make Oracle's solutions available to thousands of new customers in the Healthcare and Public Sector industries."
In the wake of Oracle’s recent certifications, Blue Shield of California, Family Health Network (FHN), and Health Care Service Corporation (HCSC) have adopted Oracle Cloud Applications to provide modern planning systems and business processes.
The organizations are using Oracle Cloud solutions to increase the speed and flexibility needed to support and scale with the increased digitization of the healthcare industry.
The organizations also deployed Oracle ERP Cloud to simplify operations by increasing visibility of infrastructure systems and their processes. Oracle ERP examines IT infrastructure systems, cutting back costs by making redundant or wasteful systems visible.
Blue Shield of California supports more than four million health plan members and chose Oracle ERP Cloud to streamline hundreds of application interfaces to save on overall monthly costs.
"When we looked at transforming our technology, we observed our competitors moving to the cloud, and for good reason," said Blue Shield Corporate Shared Services VP Michael Sheils. "After a careful evaluation, we selected Oracle as our partner because of their commitment to innovation in the cloud, their expertise in the health payer space, and the breadth and depth of the ERP Cloud offering."
Family Health Network had similar goals, leading them to also adopt Oracle ERP Cloud. FHN is one of the largest non-profit managed care plans in the Chicago area. The organization decided to move to the cloud to make necessary infrastructure upgrades to improve patient experience and workflow.
"In insurance, clear finance reporting is critical in order to process claims as quickly as possible," said FHN Finance Vice President Nirav Shah. "Oracle ERP Cloud is a valuable tool for our company, streamlining our financial operations, while also maximizing business performance and growth."
HCSC was faced with a higher volume of financial reporting and lengthening close times and saw cloud computing as a way remain agile and receptive of future IT infrastructure changes. HCSC is using Oracle ERP Cloud to support its 22,000 employees and 15 million members.
The healthcare industry has recently seen a resurgence in the need for ERP solutions as organizations continue to digitize their health IT infrastructure.
ERPs allow organizations to access an integrated view of backend systems in an IT infrastructure for better interoperability between solutions and a clearer view of an IT infrastructure.
As organizations add new solutions to improve their IT infrastructure, back-end software that manages finance, supply chain, processing, payroll, coding, and other systems have been grouped together into different products from different vendors that do not communicate.
With the adoption of value-based care initiatives, organizations cannot afford to lose money on redundant health IT systems that cancel each other out. ERP systems give IT departments a better look into the performance of health IT systems, allowing them to see how systems communicate and collaborate. This will also allow them to eliminate systems that are no longer needed because of further upgrades.