REDWOOD SHORES, CA--(Marketwired - May 13, 2016) - Oracle today announced that an increasing number of hospitals and healthcare systems worldwide are choosing Oracle Enterprise Resource Planning (ERP) Cloud to help increase productivity, lower costs, and improve controls. Adventist Health, Family Health, Presbyterian Medical Services, and Southern New Hampshire Health are just a few of the more than 1,800 organizations that have recently turned to Oracle ERP Cloud for a collaborative, efficient, and intuitive back-office hub with rich financial and operational capabilities to help reduce costs and modernize business practices to gain insight and productivity.
Healthcare organizations are under increasing pressure from regulatory agencies, consumers, employers, and governing boards to drive cost efficiency while maintaining quality patient care. Today's healthcare systems are slow and expensive to maintain, especially when integrating a merged or acquired company. By standardizing on Oracle Modern Best Practice for Healthcare using embedded analytics, contextual social collaboration, and mobile technologies, healthcare organizations can achieve economies of scale faster to lower costs and access the innovative technologies to stay ahead of industry changes.
"Presbyterian Medical Services was looking for a complete cloud ERP solution that would help us drive efficiencies while maintaining quality patient care in a diverse, complex industry," said Chad Morris, senior ERP systems analyst, Presbyterian Medical Services. "In just 14 weeks, we were able to go live on Oracle ERP Cloud implementing a wide range of efficiencies with our 90+ locations across New Mexico. We are now in the process of going live on Oracle HCM Cloud."
"Hospitals and healthcare systems are contending with increased financial pressures resulting from rising costs coupled with reduced collections, an influx of data, and changing patient interactions due to high-deductible healthcare plans," said Rod Johnson, senior vice president, Oracle. "We are committed to delivering innovative cloud solutions that help these healthcare organizations thrive and gain competitive advantage amid shifting industry conditions. Oracle ERP Cloud increases operational efficiencies and identifies growth areas to help healthcare organizations cost-effectively meet these challenges across their complex organizations and workforces."
Built on a secure and scalable architecture, Oracle ERP Cloud provides customers with flexible alternatives via full or modular adoption, seamless integration across clouds, on-premise and third party applications, standardized best practices and rapid implementation templates, as well as extensive support for global companies in a wide variety of industries, including healthcare. Oracle ERP Cloud delivers complete ERP capabilities across financials, procurement, and project portfolio management, as well as Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Supply Chain Management (SCM). The portfolio includes deep global and industry-specific capabilities and is fully integrated with Oracle Human Capital Management (HCM) and Customer Relationship Management (CRM) solutions.
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