Oracle's new offering could help boost its position within the fiercely competitive EHR market, where it has struggled to maintain its footing in recent years. It's almost like having your own resident," Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences, told CNBC in an interview. Ideally, this will allow doctors to spend less time searching through records and more time caring for patients, Oracle said. An electronic health record, or an EHR, is a digital version of a patient's medical history that's updated by doctors and nurses over time. The new EHR has been in the works since Oracle acquired Cerner, but it was not built on top of Cerner's existing infrastructure, Verma said.

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Persons: It's, Seema Verma, Oracle's, Oracle, it's, Verma, Uliyar Organizations: Oracle, Epic Systems, KLAS Research, Oracle Health, Life Sciences, CNBC