Latest / Becker’s Healthcare Digital Health + Health IT / Microsoft deepens healthcare AI reach, Oracle Health aims to accelerate claims processing + more

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Microsoft deepens healthcare AI reach, Oracle Health aims to accelerate claims processing + more · Becker’s Healthcare Digital Health + Health IT

• 0:00
  This is Naomi Diaz with the Becker's Digital
• 0:02
  Health Podcast.
• 0:04
  Here's your daily industry news briefing for today,
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  October 14th.
• 0:08
  First,
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  Oracle Health launched a new cloud based solution
• 0:11
  designed to streamline medical claims processing.
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  Here are 5 things to know.
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  The Oracle Health Clinical Data Exchange enables secure
• 0:19
  and automated data transfer between health care providers
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  and payers.
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  It is built on the Oracle Cloud infrastructure
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  and aims to replace manual medical record transmission.
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  Oracle's leadership team designed the solutions to speed
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  up the patient clinical services approval process as
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  well as the claims and payment process.
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  Around 70% of prior authorizations
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  are done by phone or fax, and 25%
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  of reimbursement documents are shared digitally, which delays
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  care.
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  This solution is Oracle's first step to offering
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  payers a comprehensive platform for instant claim evaluation
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  and processing.
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  The data exchange has military grade cybersecurity
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  capabilities to protect data, and providers maintain control
• 1:02
  over the data, according to a press release
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  from Oracle Health.
• 1:06
  They decide what to share with payers, and
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  payers confirm what they receive.
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  Lastly, health systems can use Oracle Health's EHR
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  to onboard payers to the clinical data exchange
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  without extra charges.
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  2nd,
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  1 to 2 year contracts leave digital health
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  solutions a short time to display their value
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  to health systems,
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  which often update their platforms as needed according
• 1:28
  to Peterson Health Technology Institute.
• 1:31
  Here's how health systems measure the value of
• 1:33
  digital health solutions per the digital health researchers
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  survey of a 100 systems released October 10th.
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  1st is increased patient satisfaction.
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  2nd is patient engagement with solutions.
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  3rd is improved performance against key clinical
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  outcome metrics.
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  4th is decreased spend on medical cost. 5
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  is health system revenue, and 6 is just
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  increased spend on pharmacy cost.
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  3rd,
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  Microsoft is introducing a series of new AI
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  driven tools for health care. Here are 4
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  things to know. Microsoft is rolling out a
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  new set of health care AI models in
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  Azure AI Studio.
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  These models developed in collaboration with Providence and
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  Page AI are designed to process a variety
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  of medical data, including imaging, genomics, and clinical
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  records.
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  This multimodal approach, according to an October 10th
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  news release from Microsoft,
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  allows health care organizations to deploy tailored AI
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  tools without needing extensive computation
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  comp computational
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  resources to build models from scratch.
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  2nd,
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  the tech giant is also making its Microsoft
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  Fabric platform generally available.
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  With this platform, health care organizations can use
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  a single AI powered platform to simplify how
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  they access, manage, and use their data.
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  Additionally,
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  Microsoft is launching the public preview of its
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  health care agent service within its copilot studio,
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  allowing health care organizations
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  to create AI powered copilot agents for tasks
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  such as appointment scheduling,
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  clinical trial matching, patient triaging,
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  and more.
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  Cleveland Clinic was one of the first early
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  adopters of this according to Microsoft.
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  And 4th, Microsoft and EHR vendor, Epic, as
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  well as health systems are working to develop
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  an AI solution that uses ambient technology to
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  streamline nursing documentation.
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  The new tool, according to Microsoft, will leverage
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  ambient technology to create flow sheets for review,
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  allowing nurses to minimize
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  paperwork and dedicate more time to patient care.
• 3:37
  If you would like the latest health IT
• 3:38
  and digital health industry news delivered to your
• 3:41
  inbox every morning, subscribe to the Becker CIO
• 3:43
  and health IT review enewsletter through our website
• 3:46
  at ww.beccarshospitalreview.com.