Oracle is introducing a planning solution for the healthcare industry. Part of Oracle Fusion Cloud Enterprise Performance Management (EPM), the new industry-focused planning solution enables healthcare organizations to quickly model scenarios, determine future demand, optimize resources, and make better financial, workforce, and patient care decisions.
Over the past few years, healthcare organizations have seen huge reductions in demand for elective treatments, skyrocketing demand in emergency rooms, and unprecedented difficulty in workforce scheduling. These challenges have made it extremely difficult for healthcare providers to address the rising cost of care and have resulted in inefficiencies in many health systems.
Matthew Bradley, senior vice president of applications development, Oracle, said, “Outdated financial systems and processes prevent many healthcare organizations from being able to adapt quickly to operational uncertainties, which impact their ability to manage costs, operate efficiently, and provide the best possible care,” “With industry-specific planning capabilities in Oracle Cloud EPM, healthcare organizations can embrace best practices and leverage innovative technologies to enhance insight, optimize planning and forecasting, reduce costs, and improve patient care.”
Kaushik Mitra, Senior Director, Cloud ERP, Oracle India., said, “Healthcare sector is one of the key pillars around which our country’s economic and public sector structure lies. To support the internal processes of India’s healthcare sector, we have launched a planning and management solution EPM for Healthcare. For years, we have been catering to the needs of thousands of organizations across industries with our EPM solutions, and now we have expanded this capability with advanced functionalities, especially to transform the healthcare organizations.”
“Our goal is to provide Healthcare organizations with simple yet comprehensive solutions to improve their internal planning and financial management processes. With this announcement, Healthcare providers can embrace best practices and innovative technologies with industry-specific planning capabilities by leveraging EPM for Healthcare. This will help improve, and optimize planning and forecasting functions, lower costs, and enhance patient care. Our latest offering will assist in driving innovation, and achieve synchronized, integrated, and streamlined processes for healthcare providers, thereby contributing to the overall growth and development of India’s healthcare ecosystem”, he added while talking about Oracle’s contribution to the growth of the India healthcare sector.
