Oracle Announces Insurance Exchange Platform - Purchasing Health Insurance Platform–Available for State Governments
Posted Sep 28 2011 11:22pm
Not too long ago Microsoft announced their platform availability for state governments as well. The Oracle suite will connect with Siebel for CRM capabilities. With both big company offerings this leaves a couple options besides have to buddy with an insurance company offering. Actually this is better I think with actual technology companies as it will defer any conflicts of interest and keep things cleaner as subsidiaries with insurers today have all types of business models out there and with technology provided by companies who don’t sell insurance I think it’s a cleaner operation for sure.
In other Oracle news, they have opened a a Translational Research Center Platform to support transitioning to personalized medicine. The full press release can be read here. Oracle offers platform as a service for the enterprise in private clouds.
T”o ensure that the new platform meets the needs of health sciences organizations, Oracle worked closely with numerous development partners, including Merck, Roche, Erasmus University Medical Center, Inova Health System, Moffitt Cancer Center, and Oregon Health &Science University (OHSU) Knight Cancer Institute. The solution has been benchmarked on millions of patient records demonstrating scalability for large-scale applications.”
“Oracle Health Sciences Translational Research Center enables pharmaceutical and biotech companies, contract research organizations,as well as academic research organizations to normalize, aggregate andanalyze data from numerous internal and external sources to identifynew predictive biomarkers, best practices for diagnosis and treatment and more effective and safe therapies for individuals.”
In addition Larry Ellison received some nice recognition this week over at the friends of the NIH. If you go to the link below, see his classic explanation of “this is a box” video. BD
Oracle has announced a health insurance exchange (HIX) platform that aligns several of its existing applications to allow states to create a marketplace for purchasing health insurance.
Under the 2010 Patient Protection and Affordable Care Act (PPACA), states must establish health insurance exchanges by 2014.
"The impending rollout of health insurance exchanges will require state governments to establish state-regulated and standardized health care plans, from which individuals may purchase health insurance that is eligible for federal subsidies," Mark Johnson, senior vice president for Oracle's public sector, said in a statement.
Oracle designed the platform to support multiple programs to allow states to deploy HIXs quickly and cost-efficiently, the company reports. Oracle will phase in additional applications as legislation changes dictate.
"To help address the challenges state governments will face related to these requirements, Oracle offers a robust solution which consists of proven technologies that are architected to work together and include the necessary capabilities needed to deliver a successful program," Johnson said.
The foundation of the HIX platform includes Fusion Middleware, particularly the Oracle SOA Suite . Fusion is a leading application infrastructure platform.
Siebel customer relationship applications provide states with the infrastructure to operate multichannel customer service and include analytics tools for evaluating calls. Siebel also handles case management for the exchange, Curry said.