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HIPAA Attestations Create Opportunity for Healthcare Providers and Payers

By Anita Salinas

Healthcare organizations sit in a tough spot when it comes to embracing cloud benefits. On one hand, the cloud offers the cost savings and flexibility necessary for improving patient care. On the other, healthcare organizations have a duty and a regulatory responsibility to keep patients’ protected health information (PHI) safe.

Fortunately for Oracle customers—and all those looking to realize the benefits of Oracle Cloud—that tough spot just got a whole lot more comfortable.

Oracle recently achieved a series of HIPAA attestations for its Infrastructure as a Service and Platform as a Service offerings. These attestations are in addition to already HIPAA-attested Oracle Software as a Service solutions as well as Service Organization Controls (SOC) 1 and SOC 2 audits/reports for Oracle Cloud.

Together, these attestations and audits open the door for healthcare organizations to confidently run mission-critical workloads containing PHI in Oracle Cloud—whether hosted by Oracle or behind the organization’s firewall with Cloud@Customer.

For forward-thinking healthcare organizations looking to lower costs while improving patient care, here are three benefits that can be realized by adopting Oracle Cloud.

1. Planning for Peak Periods

Few industries outside of healthcare can more clearly draw a line between resource conservation and customer benefit. Lowering costs, saving time, and alleviating the demand on staff all lead to better patient care. Trouble is that while some high-demand periods are predictable (open enrollment, for example), others (a late flu season, an epidemic, or just a particularly busy time) can put an unexpected strain on resources.

With Oracle Cloud, healthcare organizations can glide through usage spikes knowing that supply will always meet, but not exceed, demand and that they’ll only pay for what they use. Plus, with Oracle’s unprecedented scale, performance, reliability, and autonomous features, healthcare companies can rest assured that their workloads running on Oracle Cloud can handle the busiest times.

In fact, a very large healthcare organization is projecting a 37 percent decrease in total cost of ownership and $17 million in savings over three years by running its TriZetto Facets Claims workload on Oracle Cloud.

2. Embracing New Technology

Wearables and IoT offer an unprecedented opportunity for healthcare organizations to understand patient needs, make personalized recommendations, and reward positive behavior—all of which can improve care and outcomes. But the tidal wave of PHI associated with these devices is enough to make most run for cover.

With Oracle Cloud and its recent HIPAA attestations, healthcare organizations can now embrace these cognitive technologies knowing that protected health information is just that—protected. Plus, the reduced cost of storing data, extreme scale, and Oracle Cloud performance make this former patient-care dream a potential reality.

3. Actionable Insights with Predictive Analytics

In the healthcare industry, highly trained professionals make medical miracles happen every day. But even with all the training in the world, you’d be hard pressed to find a clinician who wouldn’t welcome even just a little more information if it meant a better diagnosis, treatment, or outcome. Payers can also benefit from a better handle on determining whether the effectiveness of a specific treatment justifies its cost.

Predictive analytics can assist in making these important decisions. But there are challenges. Not only do the sheer amounts of protected data make it difficult, but the number of different kinds of data—both structured and unstructured—stand in the way. Oracle Cloud, backed by recent HIPAA attestations, can help here as well.

For example, one healthcare organization is analyzing massive amounts of data about cancer drugs and treatments and correlating those with patient outcomes to determine more effective treatment protocols.

Bottom line, modernizing health IT in the cloud accelerates speed to market, reduces cost, and improves patient care and outcomes. Oracle Cloud, offering a broad range of HIPAA-attested cloud services, makes cloud benefits accessible to forward-thinking healthcare organizations. And with enterprise-class performance, scalability, reliability, and end-to-end security baked in, all kinds of healthcare organizations can run their most mission-critical workloads in the Oracle Cloud with complete confidence.

 To learn more about what Oracle Cloud can do for your business, join us for our webcast on June 21, where we’ll discuss how healthcare organizations are succeeding with Oracle Cloud.

Editorial contribution by Amanda Dyer.

 

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