Supporting clinical and business transformation

David Feinberg:

We're really excited about the progress we've made in this area. At Oracle Health, we created a product called Seamless Exchange, where a customer designates a group of facilities, and they are loaded into the system as trusted sources. When a new patient arrives at a facility and they’ve already been treated at different places in the community, you can look up this patient on health information exchanges.

What we've done is to take all of that information from all of those places and make it longitudinal. And then we de-duplicate any repeated laboratory, radiology, progress and other reports in the patients’ records. We tee it up to you as the clinician right when you need it. That's how we're solving this problem. 

The other thing that it does with our health data information platform is to pull in non-clinical information. Sometimes your zip code is more important than your genetic code, right? And so, what is the micro location of the block that you're living in? Do you live near a forest where ticks spread Lyme Disease? Do you live in a food desert? 

David Feinberg:

Electronic health records can already assist with pre-set clinical pathways. But today, with the ability to use AI, we plan to take that a step further. In certain circumstances, we are able to predict with a high level of certainty what is going to happen to a patient before it happens. For example, is a particular medication going to cause side effects? Of course, we have to be explicit on what data we train the model on, and consequently when we should and shouldn’t use it. We need to be very careful in how we use the data.

David Feinberg:

Our strategy is to build everything in a modular way that's EHR-agnostic. What we are saying to these organizations is, “join us in the journey wherever you are, and we'll help you with whatever system you have.” In most countries, we're seeing more and more legislation going toward interoperability. The regulation is going the right way.

We also believe in a multi-cloud world. A very large partnership announced with Microsoft last year helps enable Oracle database services running on Oracle Cloud Infrastructure (OCI) to be deployed in Microsoft Azure. We want data to be able to move back and forth. There’s a lot of opportunity for savings — for pharma, for providers, for payers, for governments. As they move to the cloud, they also have access to the best cybersecurity and the best technology.

David Feinberg:

I don't think it's a zero-sum game. We can use our technology to help providers optimize staffing, decrease turnover and improve efficiency, such as getting nurses to do more nursing and less clerical work. Same with clinicians. Improving staff performance generally could really help decrease costs that can pay for the new EHR system.

Oracle is a leader at enterprise resource planning and supply chain, but even pre-Oracle, our system was able to do predictions about demand load and staffing predictions and that sort of thing. That business intelligence can free up operating rooms to drive more volume. Or help you predict that reaching out to a patient at home is going to avoid an unnecessary emergency room visit. The exciting thing is pulling it all together.

When deploying EMRs, you have to look at the whole picture. This is about change management, business transformation, and thinking of it in that way.

David Feinberg:

We are working to increase our public APIs by over 300 percent. Those are going to be the same APIs that our team works on as we build products. We want the industry to build with us, to create and innovate with us. We think that that is the right strategy.

When people from the world of tech go to healthcare organizations, they all tell you they've got this new thing that's going to make care better and it's going to cost less money. They don't always deliver on that last part. We believe that an open and connected system that allows innovation with those open APIs will create a health platform that is way less expensive because it's integrated and allows you to make intelligent decisions. 

David Feinberg:

Leadership in health care is about creating a shared vision. Doctors, nurses, occupational therapists and social workers really just want to help people. They decide to go into these roles for very altruistic reasons, so leaders should just get stuff out of their way and let them do this.

You don’t have to be a technological expert to be a leader in healthcare. Leaders need passion, humility, and a drive to make the community healthier. Those are the most important things in an individual healthcare leader. Leaders can leave the tech to us and they can do the important thing, which is caring for people.

David Feinberg:

We think that this is way too big of a lift to do this alone. It's our moral imperative to get this right, and the only way we can do that is with partners. These are really cultural changes for a lot of organizations. This is about rethinking the role of how that organization engages, both with its workforce and those that they care for, in the broadest sense.

We're a tech company. We need partners that can take our technology, engage with health systems, to support change management, business transformation, and clinical improvement so that everyone is getting care that's accessible, affordable, understandable, culturally sensitive, safe, and right. We're excited about working with KPMG firms to help us integrate this into healthcare systems around the world.