Industry-specific solutions in Oracle Fusion
Cloud Supply Chain & Manufacturing (SCM) help healthcare
organizations improve patient care
LAS
VEGAS, Oct. 19, 2022 /PRNewswire/ -- Oracle
CloudWorld -- To help healthcare organizations drive
a more connected patient experience, Oracle is introducing
specialized supply chain solutions for the healthcare industry.
Part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM),
the new industry-focused solutions support the unique needs of
healthcare organizations and can help them improve patient care by
optimizing planning, automating processes, and enhancing visibility
across the supply chain.
Unpredictable supply and demand across the healthcare industry
creates complex challenges, which makes it difficult for healthcare
organizations to predict supply shortages, manage complex pricing,
replenish orders quickly, and maintain accurate billing. These
challenges have been compounded by recent supply chain disruptions
and result in unnecessary time and money being spent on
administrative tasks, which ultimately impact healthcare
organizations' ability to deliver optimal patient care.
"When healthcare organizations face supply chain disruptions, it
can be a matter of life or death, and that's why healthcare teams
in particular need reliable, efficient, and connected supply chain
management systems," said Rick
Jewell, executive vice president of applications
development, Oracle. "Connecting inventory and clinical data has
the potential to revolutionize how healthcare supply chains
operate. With Oracle Cloud SCM, we are delivering new solutions
that are purpose-built to give healthcare organizations the supply
chain stability and confidence they need to improve patient
outcomes."
Oracle Cloud SCM helps hospitals and clinics improve quality of
care, plan more effectively, reduce costs, and manage more
responsive supply chains. Oracle Cloud SCM solutions for healthcare
are built to help healthcare organizations:
- Improve standards of care: A new home equipment delivery
solution in Oracle Logistics enables healthcare organizations to
better assist patients and caregivers outside of the hospital by
enabling equipment and maintenance tracking. In addition, product
master data management capabilities in Oracle Product Lifecycle
Management help healthcare organizations maintain complete patient
documentation by providing a unified data source that supports deep
integration with electronic health records and clinical
attributes.
- Optimize planning: New solutions in Oracle Supply Chain
Planning and Self Service Procurement help healthcare organizations
improve planning and predict demand. The new solutions include
intelligent shopping experiences and curated product catalogs that
make shopping for supplies quick and simple. In addition,
intelligent reordering and simplified supply planning capabilities
enable hospitals to have equipment and supplies available, even
before they are needed, by automating the ordering process.
- Drive down supply chain costs: New capabilities within
Oracle Procurement and Oracle Channel Revenue Management help
healthcare organizations reduce administrative costs and improve
profitability by optimizing procurement and supplier management
processes. For example, integrated pricing management and
standardized billing capabilities in Oracle Procurement help
simplify supplier management and enforce compliant spending, while
rebate management capabilities streamline complicated supplier
rebate programs by increasing visibility and simplifying
reconciliation.
Oracle Cloud SCM helps organizations respond quickly to changing
demand, supply, and market conditions. With tailored solutions
built for industries including automotive, communications,
healthcare, industrial manufacturing, and retail, organizations
across any industry can seamlessly connect supply chains to
optimize processes, enhance efficiency, and improve resilience.
To learn more about how Oracle Cloud SCM can help healthcare
organizations seamlessly connect supply chains to create a
resilient network, click here.
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Forward-Looking Statements Disclaimer
Statements in
this article relating to Oracle's future plans, expectations,
beliefs, and intentions are "forward-looking statements" and are
subject to material risks and uncertainties. Many factors could
affect Oracle's current expectations and actual results, and could
cause actual results to differ materially. A discussion of such
factors and other risks that affect Oracle's business is contained
in Oracle's Securities and Exchange Commission (SEC) filings,
including Oracle's most recent reports on Form 10-K and Form 10-Q
under the heading "Risk Factors." These filings are available on
the SEC's website or on Oracle's website at
http://www.oracle.com/investor. All information in this article is
current as of October 19, 2022 and
Oracle undertakes no duty to update any statement in light of new
information or future events.
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SOURCE Oracle