...to 2021 departs Oracle, it will be the sixth Oracle Health senior level departure this year [TTA 3 Mar]. Those departures for various reasons shook Oracle Health. Verma, on the other hand, has had a relatively low profile at Oracle Health, though reporting to COO Mike Sicilia. If she does depart Oracle, enough time has passed since her CMS position to dispel the Federal-private industry ‘revolving door’ tag, though undoubtedly as EHR head she has been working with the VA. Developing ATA Action was kind enough to flag for this Editor that the Drug Enforcement Administration (DEA) may finally be... Continue Reading
Search Results for ehr implementation
Revealed: Oracle’s extended VA EHRM contract increased by $17B as original ceiling reached this year; VA Indy EHR goes online
The cost of Oracle’s extended EHRM contract with the Department of Veterans Affairs disclosed. The ten-year contract for the EHR Modernization (EHRM), originally due to expire in May 2028, was extended earlier this month by three years to May 2031 and, we now know, an additional $17 billion was added to the ceiling. The full contract for Oracle will total by May 2031 $26.94 billion. The original contract was just under $10 billion–a cost ceiling expected to be reached by end of 2026. Background: Oracle’s current VA contract 36C10B18D5000, the Electronic Health Record Modernization Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract with Oracle Health... Continue Reading
This Week’s Must Reads: how lack of focus dooms startup financing, Commure’s Sea of Red Flags Flapping, and what happens if OpenAI expires?
...paths, just that the main path has to carry the company forward. (Sounds like good marketing!) For instance, how you present your direction is vital in making activity sound focused and strategic. FTA: A founder who says, “There are many use cases,” may sound ambitious. A founder who says, “There are many possible use cases, but this one is the wedge because it creates the clearest buyer urgency,” sounds more investable. A founder who says, “We have lots of partnership conversations,” may sound active. A founder who says, “These two partnerships matter because they reduce implementation risk and create access... Continue Reading
News roundup: UHS-Talkspace $850M buy final, DocGo to buy Hicuity Health for $52M in stock/debt, R1 to buy Humata Health, PointClickCare EHR to integrate Anthropic’s AI
...for pre-bill workflows for authorization, utilization review, coding and documentation. R1 is a private company, with RCM used by 1,000 providers, including 95 of the top 100 US health systems, and handles over 600 million payer transactions annually. Release, Mobihealthnews Senior post-acute and LTC EHR/software company PointClickCare to integrate Anthropic’s AI directly into its software platform. This strategic initiative is being done through Anthropic’s new partnership, Ode with Anthropic, to enable enterprises to deploy AI by providing a team of experienced AI engineers. Ode was formed earlier this year with Blackstone, Hellman & Friedman, and a consortium of global investors... Continue Reading
VA moves to secure Oracle for its EHR Modernization through mid-2031
...full committees and tech subcommittees, and calls to dump Oracle and start all over again. The contract redo was designed to bring Oracle to heel. It subjected both Oracle and the VA to lengthy accountability metrics that culminated in multiple modifications and testing. [TTA 18 May 2023] The EHRM rollout was radically modified by geography to VA Health Centers mostly within the same VA region, or VISN, then with additional implementations every two months. The rollout resumed in April 2026, with five more locations added in August and October to complete 13 for 2026 and another 27 in 2027. [TTA... Continue Reading
Breaking report: Oracle drawing up plans to lay off employees in “double digit percentages” by 1 September
...Government. PE is not jumping up and down to lay the money down. In other words, OHAI is a hard-to-sell asset. Even if an OHAI sale freed up anywhere near the purchase price, an unlikely outcome, it would make only a dent in the stunning amount of debt. Whether it would improve Oracle’s low credit rating is doubtful. There are also ongoing and new Federal commitments to meet: There are the EHRs managed by the Veterans Health Administration EHR Modernization (EHRM) and the Military Health System (MHS), two separate but mandatorily interoperable systems. MHS is rolled out but modifications continue,... Continue Reading
News roundup: Withings Medical Group service launches, MPs urge cancellation of NHS/Palantir FDP contract, IKS closes TruBridge buy for $557M, ATA comments on prelim CMS PFS for telehealth, Philips’ AI-powered…toothbrush
...US shared similar concerns, Microsoft, Meta, AWS, and Oracle wouldn’t have a single healthcare contract. Computing UK IKS Health wrapped up its TruBridge buy last Thursday for $557 million. The acquisition, announced last April, closed a quarter earlier than expected. IKS is a healthcare software company for administration and documentation, with TruBridge an EHR and revenue cycle management (RCM) provider to primarily rural hospitals. The combined company now has a US customer base of 150,000 clinicians and 2,000 healthcare organizations. IKS Health is traded in India with US operations in Dallas. The TruBridge acquisition is their third this year, financed... Continue Reading
A gloomy view on Oracle going forward: debt, cash flow, and dependence on OpenAI
Oracle is beginning to turn into one of those cautionary case studies. And that’s not good news for healthcare. From their faltering EHR to the hacking of their software, Oracle’s news hasn’t been cheerful. While still profitable in the quarterly reports, the debt load and its obligations in their chosen wrenching changeover from a software developer/seller to an AI infrastructure landlord have been followed by speculation. The latest speculation from June is selling their EHR business [TTA 2 June]–if they can find a buyer. The EHR is a distant second to Epic in every metric [TTA 27 May] and Oracle... Continue Reading
News roundup: 23andMe settles with data breach victims for $46.75M, Neuralink implants #26 & first Canadian ALS patient, Resmed selling MatrixCare EHR for $490M, Teladoc now preferred telehealth provider for NBA players
...(Resmed’s FY closes in September so this is end of 2026.) There is no information in the release on management or headquarters transitions. The Reuters report said that “transition services agreements with Frazier are expected to help ensure continuity across systems and operations and largely offset stranded costs in the first year after closing”. The haircut was substantial. Resmed purchased MatrixCare in 2019 for $750 million for its EHR and software products to expand into a specialized area of post-acute care–an extremely tough one. They currently serve 15,000 providers across skilled nursing, senior living, long-term care, home health and hospice... Continue Reading
Vinegary Must Reads This Week: Silicon Valley’s ‘Cargo Culture’; the clinical query tool explosion between OpenEvidence and general AI
...meets a need for automating processes. It makes search a lot quicker. But will LLMs and agentic AI actually change anything other than make it faster, or reduce the need to perform your own logic in building a case/article–at amazingly high expense? Other than the spend, what’s exponential about it? Everyone’s buying a lot of GPUs–heck, Oracle at Larry Ellison’s behest is betting the company on moving out of software, including that ever-so-sticky EHR–and becoming a data center constructor and lessor to Open AI and Meta lest Microsoft eat his lunch. After a certain point, the beliefs become circular and... Continue Reading
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