Oracle on Monday announced it intends to join a new federally-backed medical network that will make it easier for clinics, hospitals and insurance companies to share patients' data.
Oracle, which acquired the medical records giant Cerner for $28 billion in 2022, is the latest major vendor to support TEFCA, joining its chief rival Epic Systems.
Oracle needs to be approved to join TEFCA, but its interest in doing so helps to bolster the nascent network's credibility.
"This is just a natural next step," Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences, told CNBC in an interview.
The main groups that participate in health-data exchanges through TEFCA are called qualified health information networks, or QHINs.
Persons:
Larry Ellison, TEFCA, Seema Verma, Ken Glueck, Judy Faulkner, –
Organizations:
Oracle Corp, Oracle, Monday, Epic Systems, TEFCA, Oracle Health, Life Sciences, CNBC
Locations:
San Francisco , California, U.S, TEFCA