Emergency Pod! Oracle Buys Cerner.

12/23/21 • 26 min

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

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Previous Episode

The two types of Telemedicine: Synchronous vs Asynchronous with Dr. Purdy

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In this episode of This Week in Health Tech, Vik and Jimmy invite Dr. Laura Purdy, CEO and CoFounder of MD Integrations, All in One Telehealth solutions company.
Dr. Purdy is a 15 year army veteran and started her career in military medical school and as a hospitalist in military. She realized early on that telehealth will be the future of healthcare for simple things such as poison ivy or pink eye.
In the old days of telehealth, there were a lot of challenges from technical challenge to scheduling patients.
Jimmy asks about asynchronous use of telehealth. Asynchronous is offline dialog and not real-time communication. Direct to consumer telehealth companies are at different stages of development. All of these companies have to deal with the same technical challenges including the portal and integration. This is where MD Integrations has an API which is designed for asynchronous telehealth.
One of the biggest pain points of telehealth is EMR. Today's EMRs are not designed for telehealth service, they are still designed for core brick and mortar services.
Jimmy asks the question if asynchronous telehealth will increase over synchronous visits because patients do not prefer face to face visit if possible similar to other industries. Dr. Purdy explains the differences between the two and does think that asynchronous visits will continue to increase over face to face telehealth visits. The numbers are showing decrease in synchronous or real-time telehealth visits.
On-demand healthcare is the future and asynchronous is able to assist w/ the same. Dr. Purdy provides examples of asynchronous use and why face to face call does not always make sense.
Vik then asks why there are so many niche telehealth companies springing up when there are telehealth giants such as Teledoc and Livingo. Dr. Purdy explains in detail the reason behind need for niche telehealth companies and why this market does not need to depend only on the telehealth giants.
The group then jumps in the integration challenges related to Telehealth and how to overcome challenge of access to data from health system, clinic, telehealth portals.
Website: http://www.thisweekinhealthtech.com
Twitter: @TWIHT1
Tido Inc.: https://www.tidoinc.com/
Music Provided by Soundstripe.com
Linkedin: Vik Patel
Linkedin: Jimmy Kim
Guest Information:
LinkedIn: Dr. Laura Purdy
Website: https://mdintegrations.com/

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Vik Patel - LinkedIn
Tido Inc. - Website
Tido Inc. - LinkedIn

Next Episode

Hybrid Healthcare and Consumer Driven Healthcare with Jared Johnson

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In this episode of This Week in Health Tech, first episode of 2022, Vik and Jimmy welcome Jared Johnson, from Healthcare Podcast Rap.
Vik and Jimmy discuss hybrid healthcare or consumer first healthcare in this episode. Jared starts with explaining discussing what hybrid healthcare is with an example of 23 and me. He also mentions examples of Best Buy buying healthcare companies or even Walmart.
How do you adapt as a CEO / CIO / CMIO of a traditional healthcare organization? Jared mentions that the margins are already lower in healthcare and how do you part w/ the little margin and partner w/ consumer brands.
The group then discusses digital transformation and impact on consumer driven healthcare.
Jared indicates that this is still the very beginning of consumer brands in healthcare. But as a healthcare executive, empathy will help understand the change of consumer driven healthcare.
Vik then says that consumers are getting used to on-demand with example of uber and banking apps, so why not in healthcare. This is where asynchronous telehealth could also benefit consumers.
The group then discusses machine learning and AI, and how it is becoming more accessible, and this allows more entrants or developers in healthcare. Plus w/ FHIR APIs, it allows app developers access to their own data.
Jared mentions that partnerships w/ consumer brands in healthcare is still slow but it is happening.
Vik mentions the example of the meditation app Calm and how it could be part of person's healthcare.
Also Apple Health is connected with thousands of healthcare organizations and collects daily health information through apple watch.
Website: http://www.thisweekinhealthtech.com
Twitter: @TWIHT1
Tido Inc.: https://www.tidoinc.com/
Music Provided by Soundstripe.com
Linkedin: Vik Patel
Linkedin: Jimmy Kim
Guest Information:
Linkedin: Jared Johnson
Health Care Rap Podcast on Apple Podcast
Mentions:
Calm App
Apple Health