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Previously this 7 days company software large Oracle stunned the health care IT entire world when it declared its programs to acquire a single of the primary EHR programs Cerner for $28.3 billion. The news places Oracle on the map as a opportunity significant player in the well being know-how planet.
“This was a deal that no a single noticed coming. Beyond that, I would say it puts Oracle quietly in the healthcare tech place for the initial time,” Paddy Padmanabhan, CEO of Damo Consulting, told HIMSSTV.
“Oracle has a presence by means of its ER fork out merchandise and its database choices, and so on, but this is the 1st time they are finding into the clinical software space. And they are executing that with the most significant acquisition by considerably that they have done, but also the most important acquisition of this 12 months in tech, and in typical 1 of the major acquisitions we’ve found in the tech area in sometime.”
It is not the first time massive tech has entered the health care arena. About the very last quite a few decades the FANNG corporations have invested in the place. For instance, Google designed an EHR search software identified as Treatment Studios, Amazon commenced to offer virtual care companies and Apple developed an Food and drug administration-cleared ECG algorithm for its Observe.
“There is a new player in town, and that player has declared their existence in a incredibly loud and persuasive way. But let’s also not neglect that big tech has had its very own set of difficulties in the final calendar year.
“A few of them actually took a action again, and the most noticeable a single is Google, where by David Feinberg employed to perform in advance of taking on the job of CEO at Cerner. And Google successfully shut down its health care company. There isn’t a healthcare business enterprise. Apple also experienced some setbacks in the major care business they had been launching,” Padmanabhan explained.
“Amazon is pressing ahead. They appear to have consolidated all of their healthcare initiatives less than a single leader. They are receiving right into the major treatment room, which is a little something that other tech firms have averted. That is finding into the health care business, since marketing healthcare technologies and offering healthcare products and services are two completely diverse issues. Microsoft has
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