Cleveland Clinic and Oracle Mold the Future of Healthcare Cloud-Based Software Platform
by Justin Hughes
CLEVELAND and REDWOOD SHORES, CA — Cleveland Clinic and Oracle are improving healthcare delivery and reducing costs through a more efficient process and workflow. The cloud-based healthcare platform is set to come to fruition at Cleveland Clinic London in 2019 and extend to Cleveland Clinic’s domestic locations in 2020.
The innovative healthcare platform assists back-office personnel, providers and patients. It is scalable for domestic and international growth giving enhanced financial forecasting, revenue management and data integration, which provides for more effective and efficient choices regarding supply procurement and inventory management.
William M. Peacock III, Cleveland Clinic Chief of Operations, said, “Cleveland Clinic has both an opportunity and an obligation to shape the future of healthcare while fostering a culture and environment to provide care in an exceptional way. Our work with Oracle’s cloud technologies is a testament to our commitment to evolving our IT and finance platform, positioning us to support anticipated growth both domestically and internationally. Moving to the cloud will be critical in meeting these goals.”
Healthcare is a key industry for Oracle and with Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Supply Chain Management (SCM) Cloud, Cleveland Clinic looks to change its finance function by facilitating increased productivity and lower costs. In addition, the health system will increase the efficiency of operations by taking advantage of real-time insights and automated supply and demand planning.
Steve Miranda, executive vice president, Applications Development, Oracle, added, “Our customers play an important role in shaping our products, inspiring innovative features and defining industry-specific best practices for Oracle Cloud Applications. Cleveland Clinic is an innovative healthcare organization that recognizes the potential of the cloud to enhance productivity. Our collaboration will create a future-proof business platform for Cleveland Clinic’s global organization.”
About Cleveland Clinic: Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey.
About Oracle: The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia.