The new big headline circulating in every news platform is Oracle’s acquisition of Cerner.
Oracle is known as a global leader in enterprise software and IT solutions with its cloud computing and database packages.
It formerly has a big name in the healthcare sector along with its perpendicular solutions for business and operations, insurance operation and analytics.
It seems like they are aiming to own a bigger part of the health care sector with their decision to acquire Cerner.
Wall street journal reported on 16th December, Thursday, that oracle may be buying Cerner at the price of $30 billion.
If this deal happens, Oracle will place themselves as a principal competitive player in the health care technology world.
Cerner Corp. is an American dealer of health information technology services, plans and strategies, and hardware.
Acquisition of Cerner by oracle will lead to the creation of an enormous cloud-grounded healthcare analytics and modernization force.
Cerner will be a huge additional revenue growth engine for Oracle for years to come as Oracle expands Cerner’s business into many more countries throughout the world.
Transaction is expected to close in calendar year 2022. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions including Cerner stockholders tendering a majority of Cerner’s outstanding shares in the tender offer.
Oracle brings significant experience helping power the largest industries.
Oracle provides industry solutions that run the core operations for customers in the world’s largest industries.
Industries covered by Oracle today include, among others, Financial Services, Telecom, Utilities, Pharmaceuticals, Hospitality, Retail, Food & Beverage, Construction & Engineering, Manufacturing and Government.
Oracle also brings best in class cloud infrastructure to drive digital modernization, substantially lowering the total cost of IT in these critical industry sectors.
Cerner is a leader in the healthcare IT industry and a complementary business to Oracle.
Cerner is a leading provider of digital information systems used within hospitals to enable medical professionals to deliver better healthcare to individual patients and communities.
Cerner has over four decades of experience modernizing electronic health records, improving the caregiver experience, and streamlining and automating clinical and administrative workflows.
Together, Oracle and Cerner will protect customer investments and transform healthcare.
According to a recent study by the Mayo Clinic, physicians spend 1 to 2 hours on EHRs and desk work for every hour spent in face-to-face contact with patients, as well as an additional 1 to 2 hours of personal time on EHR related activities.
Working together, Cerner and Oracle have the capacity to address these issues and transform healthcare delivery by providing medical professionals with better information—enabling them to make better treatment decisions resulting in better patient outcomes.
Customer investments in Cerner are also protected with this combination and will grow in value over time as more modern and connected technologies are made available.
With Oracle’s resources, infrastructure and cloud capabilities, Cernerwill accelerate the pace of product and technology development to enable more connected, high-quality, and efficient care.
Oracle’s focus on usability and voice enabled user interfaces will dramatically reduce the amount of time that medical providers spend dealing with systems and increase the time they spend directly caring for patients.
Significant opportunity to help customers use Oracle’s modern technologies such as cloud, AI, ML and other innovations to make care more accessible, secure, efficient and effective for patients and caregivers.
Cerner systems running on the Oracle Gen2 Cloud will be available 24 by 7 by 365. Goal is to deliver zero unplanned downtime in the medical environment.
With Cerner systems running on the Oracle database, only specifically authorized medical professionals can access patient data. IT professionals running the systems are unable to look at patient data.
Oracle and Cerner are committed to continued and enhanced stewardship of health information, which will be bolstered by Oracle’s global operational infrastructure.
Cerner will be organized as a dedicated Industry Business Unit within Oracle.
Cerner will be Oracle’s anchor asset to expand into healthcare and together we will improve medical care for individuals and communities around the world.
Oracle intends to maintain and grow Cerner’s community presence, including in the Kansas City area, while utilizing Oracle’s global footprint to reach new geographies faster.
Dr David Feinberg, Cerner’s current CEO and former Google health chief rightfully stated that “usability of technology is just the start, not the true pledge of the digital age.
Fixing the EHR is our job.
The pipes laid through 40 years of digitization’s existence are wonderful. But now it’s our responsibility to make the process of delivering the right information to the right people at the right time easier and more convenient”.
Microsoft acquired Speech Recognition Artificial Intelligence Firm Nuance Communications.
With this deal, giant specialized tech and software firms are paving their way into the digital healthcare services sector.
Karen DeSalvo, Google’s Chief Health Officer informed CNBC in October that Google’s healthcare plans may have been facing issues at the moment but their company is still committed to investing in healthcare.
This pandemic has seen a rise in the operation of digital healthcare information with everyone using digital platforms such as websites, apps and social media platforms to gather information regarding their personal health.
People are showing great interest in availing online healthcare services with 40% of consumers using digital platforms to cater to their health problems and 37% using electronic devices to monitor their health.