To help healthcare organizations drive a more connected patient experience, Oracle is introducing specialized supply chain solutions for the healthcare industry. Part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), the new industry-focused solutions support the unique needs of healthcare organizations and can help them improve patient care by optimizing planning, automating processes, and enhancing visibility across the supply chain.
Unpredictable supply and demand across the healthcare industry creates complex challenges, which makes it difficult for healthcare organizations to predict supply shortages, manage complex pricing, replenish orders quickly, and maintain accurate billing. These challenges have been compounded by recent supply chain disruptions and result in unnecessary time and money being spent on administrative tasks, which ultimately impact healthcare organizations’ ability to deliver optimal patient care.
“When healthcare organizations face supply chain disruptions, it can be a matter of life or death, and that’s why healthcare teams in particular need reliable, efficient, and connected supply chain management systems,” said Rick Jewell, executive vice president of applications development, Oracle. “Connecting inventory and clinical data has the potential to revolutionize how healthcare supply chains operate. With Oracle Cloud SCM, we are delivering new solutions that are purpose-built to give healthcare organizations the supply chain stability and confidence they need to improve patient outcomes.”
Oracle Cloud SCM helps hospitals and clinics improve quality of care, plan more effectively, reduce costs, and manage more responsive supply chains. Oracle Cloud SCM solutions for healthcare are built to help healthcare organizations:
- Improve standards of care: A new home equipment delivery solution in Oracle Logistics enables healthcare organizations to better assist patients and caregivers outside of the hospital by enabling equipment and maintenance tracking. In addition, product master data management capabilities in Oracle Product Lifecycle Management help healthcare organizations maintain complete patient documentation by providing a unified data source that supports deep integration with electronic health records and clinical attributes.
- Optimize planning: New solutions in Oracle Supply Chain Planning and Self Service Procurement help healthcare organizations improve planning and predict demand. The new solutions include intelligent shopping experiences and curated product catalogs that make shopping for supplies quick and simple. In addition, intelligent reordering and simplified supply planning capabilities enable hospitals to have equipment and supplies available, even before they are needed, by automating the ordering process.
- Drive down supply chain costs: New capabilities within Oracle Procurement and Oracle Channel Revenue Management help healthcare organizations reduce administrative costs and improve profitability by optimizing procurement and supplier management processes. For example, integrated pricing management and standardized billing capabilities in Oracle Procurement help simplify supplier management and enforce compliant spending, while rebate management capabilities streamline complicated supplier rebate programs by increasing visibility and simplifying reconciliation.
Oracle Cloud SCM helps organizations respond quickly to changing demand, supply, and market conditions. With tailored solutions built for industries including automotive, communications, healthcare, industrial manufacturing, and retail, organizations across any industry can seamlessly connect supply chains to optimize processes, enhance efficiency, and improve resilience.
Talking about the launch of the new SCM for Healthcare offering, Kaushik Mitra, Senior Director, Cloud ERP, Oracle India said, “Healthcare is one of India’s most important sectors for Oracle . Regardless of the transformation, healthcare supply chains typically face a lack of integrated systems, high costs due to lack of advanced technologies in managing vulnerable supply chains, all of which can have an impact on overall functioning and productivity. With our Cloud SCM for Healthcare, we aim to provide a robust mechanism for supporting the healthcare organization’s core mission of providing patient-centric care by offering a single financial view, improving planning, and reducing costs.
“We are assisting our healthcare customers in developing a responsive, integrated, transparent, and cohesive supply chain to aid in the creation of a robust healthcare system for our country”, he added.
