In this emergency episode of This Week in Health Tech, Vik and Jimmy discuss the big news of Oracle buying Cerner.
The biggest purchase Oracle, Big Tech, has ever done for $28.3 billion dollars.
Vik and Jimmy first talk a little background of Oracle and Cerner.
Vik talks about Oracle products: cloud infrastructure, integration, oracle dbms, developer network, and more.
Jimmy said this sends a huge signal that there is massive potential in healthcare.
Stock price has dropped initially because people are still trying to make sense of it. Plus there have been massive failures in the past like Microsoft HealthVault and Google HealthCloud.
Vik thinks there will be growing pains in the beginning but over time once they figure out the best way to integrate Oracle and Cerner products.
Vik thinks that one of the big opportunity is analytics and AI. Oracle will obviously use their cloud but the hidden opportunity is making sense of Big Data and use AI to make processes for health systems efficient and realize significant ROI. This could present a good opportunity to Cerner clients.
Also sends a signal to Epic EHR, the EHR with biggest market in healthcare.
The other thing is Oracle knows how to make products available to a developer network.
Jimmy brings up the point that Cerner CEO is quite new and has been CEO only since Aug 2021. Maybe he was the right person to complete the deal.
Website: http://www.thisweekinhealthtech.com
Twitter: @TWIHT1
Tido Inc.: https://www.tidoinc.com/
Music Provided by Soundstripe.com
Linkedin: Vik Patel
Linkedin: Jimmy Kim
Listen to all This Week in Health Tech episodes
Vik Patel - LinkedIn
Tido Inc. - Website
Tido Inc. - LinkedIn
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