{"id":63058,"date":"2024-05-02T11:24:36","date_gmt":"2024-05-02T03:24:36","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=63058"},"modified":"2024-05-02T11:24:40","modified_gmt":"2024-05-02T03:24:40","slug":"oracle-helps-healthcare-organizations-solve-critical-supply-chain-hr-finance-challenges","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2024\/05\/02\/oracle-helps-healthcare-organizations-solve-critical-supply-chain-hr-finance-challenges\/","title":{"rendered":"Oracle helps healthcare organizations solve critical supply chain, HR, finance challenges"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Oracle is introducing new capabilities to\u00a0Oracle Fusion Cloud Applications Suite\u00a0to help healthcare organizations drive operational efficiency, empower employees, and improve patient outcomes. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new capabilities within\u00a0Oracle Fusion Cloud Supply Chain and Manufacturing (SCM),\u00a0Oracle Fusion Cloud Human Capital Management (HCM), and\u00a0Oracle Fusion Cloud Enterprise Resource Planning (ERP), will enable healthcare organizations to streamline processes, support increased productivity, help reduce costs, foster employee growth, and better serve patient needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cHealthcare organizations are under pressure to deliver a consistently high standard of care while controlling costs and addressing employee needs,\u201d said Steve Miranda, executive vice president, applications development, Oracle. \u201cThe latest additions to Oracle Cloud SCM, Oracle Cloud HCM, and Oracle Cloud ERP will help our customers build more efficient and resilient supply chain processes, enhance the employee experience, improve planning, and better support frontline workers so they can focus on what matters most\u2014delivering high-quality care to their patients.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Streamline Procurement with Oracle Healthcare Marketplace<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To drive more efficient procurement processes and help healthcare organizations better manage spend, Oracle is introducing\u00a0Oracle Healthcare Marketplace, a B2C shopping experience within\u00a0Oracle Fusion Cloud Procurement. Oracle Healthcare Marketplace provides a progressive search capability that helps healthcare organizations to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Maximize on-contract spend:<\/strong>\u00a0By integrating all available contracts, including Group Purchasing Organization (GPO), and locally, regionally, and nationally negotiated contracts, Oracle Healthcare Marketplace helps healthcare organizations easily access their full portfolio of contracts and supplier sources. This enables healthcare organizations to expedite sourcing and contracting processes, and help increase savings by optimizing on-contract purchasing.<\/li>\n\n\n\n<li><strong>Improve product data accuracy:<\/strong>\u00a0By automatically cleansing product catalog data, Oracle Healthcare Marketplace helps healthcare organizations improve data consistency and accuracy across source systems. This enables healthcare organizations to save time and resources, and help reduce spending on costly non-catalog requests that result from incorrect product or pricing data.\u00a0<\/li>\n\n\n\n<li><strong>Enhance the buying experience:<\/strong>\u00a0By providing an expansive third-party medical, surgical, and device product catalog, Oracle Healthcare Marketplace helps healthcare organizations discover, source, and price desired items that are not listed within an organization\u2019s existing item master, frequently purchased items, or contract portfolio. This enables healthcare organizations to increase productivity in sourcing and minimize order errors.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Oracle Healthcare Marketplace is the latest addition to Oracle Cloud SCM to help healthcare organizations optimize planning, automate processes, and enhance visibility across the supply chain. Oracle recently announced\u00a0healthcare-focused mobile capabilities\u00a0to help improve the efficiency and accuracy of inventory management processes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Empower Healthcare Workers with Enhanced Employee Experiences<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To support the success of healthcare workers, Oracle Cloud HCM helps healthcare organizations attract and retain skilled labor and develop talent to deliver the highest quality of patient care, while also offering employees new growth opportunities and helping business leaders manage complex staffing plans to support their teams. With Oracle Cloud HCM, healthcare organizations can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Attract and retain the best talent:<\/strong>\u00a0Oracle Recruiting and Oracle Recruiting Booster\u00a0help healthcare organizations efficiently source, screen, and hire in one complete recruiting solution. To help retain top talent,\u00a0Oracle Touchpoints\u00a0and\u00a0Oracle Celebrate, part of the\u00a0Oracle ME employee experience platform, help employees facilitate meaningful manager check-ins and peer recognition to reduce employee burnout and turnover, while\u00a0Oracle Workforce Scheduling\u00a0helps employees create flexible, personalized schedules that meet unique industry requirements.<\/li>\n\n\n\n<li><strong>Develop talent based on patient care needs:<\/strong>\u00a0Oracle Grow, also part of the Oracle ME employee experience platform, leverages AI to help leaders upskill staff to improve patient care and provide transparency into career growth opportunities with prescriptive role guides.\u00a0Oracle Talent Management\u00a0continuously validates licenses and certifications with third-party providers to keep key resources up to date with the right skills.<\/li>\n\n\n\n<li><strong>Improve resource optimization:<\/strong>\u00a0Oracle Workforce Scheduling helps healthcare organizations to always have the right team in place to deliver high-quality patient care by automatically generating staff schedules based on accreditations, eligibility, and availability to work various shifts. It also enables managers to better prepare for overflow and fill open shifts by leveraging financial, supply chain, and medical insights from across Oracle Cloud ERP, Oracle Cloud SCM, and\u00a0Oracle Health Electronic Health Record.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Enable Better Patient Care with Comprehensive Financial and Operational Planning<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To enhance insights, strengthen decision-making, and improve patient care,\u00a0Oracle Fusion Cloud Enterprise Performance Management (EPM), part of Oracle Cloud ERP, helps healthcare organizations model and plan across finance, HR, and supply chain functions. With Oracle Cloud EPM, healthcare organizations can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improve forecast accuracy:<\/strong>\u00a0Predictive planning capabilities in\u00a0Oracle Planning\u00a0help healthcare organizations refine and validate plans and forecasts to reduce risk. In addition, advanced predictions allow healthcare organizations to improve forecasting accuracy for patient volume, revenue, and other related expenses to effectively manage costs and resource capacity.<\/li>\n\n\n\n<li><strong>Streamline financial reporting:<\/strong>\u00a0Oracle Financial Consolidation &amp; Close\u00a0helps healthcare organizations leverage AI and automation to speed the close process and improve governance. With generative AI-powered management reporting narratives and contextual collaboration across finance and operating functions, organizations can improve productivity and focus more on overall patient outcomes.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Oracle Fusion Applications Suite enables organizations to take advantage of the cloud and the latest advancements in AI to break down organizational silos, standardize processes, and manage finance, HR, supply chain, and customer experience data on a single integrated cloud platform. With quarterly update cycles, it gives customers access to continuous innovation as new features are added every 90 days.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>To learn more about Oracle Fusion Applications, visit:\u00a0<a href=\"https:\/\/www.oracle.com\/ph\/applications\/\">oracle.com\/applications<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new capabilities within\u00a0Oracle Fusion Cloud Supply Chain and Manufacturing (SCM),\u00a0Oracle Fusion Cloud Human Capital Management (HCM), and\u00a0Oracle Fusion Cloud Enterprise Resource Planning (ERP), will enable healthcare organizations to streamline processes, support increased productivity, help reduce costs, foster employee growth, and better serve patient needs.<\/p>\n","protected":false},"author":6,"featured_media":63062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[290,96,2727,1656],"class_list":["post-63058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-oracle","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/63058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=63058"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/63058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/63062"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=63058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=63058"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=63058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}