1 00:00:00,080 --> 00:00:02,560 This is Naomi Diaz with the Becker's Digital 2 00:00:02,560 --> 00:00:03,379 Health Podcast. 3 00:00:04,000 --> 00:00:06,639 Here's your daily industry news briefing for today, 4 00:00:06,639 --> 00:00:07,700 October 14th. 5 00:00:08,400 --> 00:00:08,900 First, 6 00:00:09,199 --> 00:00:11,679 Oracle Health launched a new cloud based solution 7 00:00:11,679 --> 00:00:14,179 designed to streamline medical claims processing. 8 00:00:14,615 --> 00:00:16,154 Here are 5 things to know. 9 00:00:16,535 --> 00:00:19,574 The Oracle Health Clinical Data Exchange enables secure 10 00:00:19,574 --> 00:00:22,394 and automated data transfer between health care providers 11 00:00:22,454 --> 00:00:23,114 and payers. 12 00:00:23,414 --> 00:00:25,434 It is built on the Oracle Cloud infrastructure 13 00:00:25,654 --> 00:00:28,554 and aims to replace manual medical record transmission. 14 00:00:29,619 --> 00:00:32,179 Oracle's leadership team designed the solutions to speed 15 00:00:32,179 --> 00:00:35,299 up the patient clinical services approval process as 16 00:00:35,299 --> 00:00:37,320 well as the claims and payment process. 17 00:00:37,699 --> 00:00:39,960 Around 70% of prior authorizations 18 00:00:40,340 --> 00:00:42,765 are done by phone or fax, and 25% 19 00:00:43,065 --> 00:00:46,585 of reimbursement documents are shared digitally, which delays 20 00:00:46,585 --> 00:00:47,085 care. 21 00:00:47,865 --> 00:00:50,585 This solution is Oracle's first step to offering 22 00:00:50,585 --> 00:00:53,804 payers a comprehensive platform for instant claim evaluation 23 00:00:54,024 --> 00:00:54,844 and processing. 24 00:00:55,820 --> 00:00:58,560 The data exchange has military grade cybersecurity 25 00:00:58,940 --> 00:01:02,620 capabilities to protect data, and providers maintain control 26 00:01:02,620 --> 00:01:04,620 over the data, according to a press release 27 00:01:04,620 --> 00:01:05,680 from Oracle Health. 28 00:01:06,060 --> 00:01:07,980 They decide what to share with payers, and 29 00:01:07,980 --> 00:01:09,680 payers confirm what they receive. 30 00:01:10,375 --> 00:01:13,254 Lastly, health systems can use Oracle Health's EHR 31 00:01:13,254 --> 00:01:16,155 to onboard payers to the clinical data exchange 32 00:01:16,215 --> 00:01:17,594 without extra charges. 33 00:01:18,614 --> 00:01:19,114 2nd, 34 00:01:19,814 --> 00:01:22,215 1 to 2 year contracts leave digital health 35 00:01:22,215 --> 00:01:24,614 solutions a short time to display their value 36 00:01:24,614 --> 00:01:25,594 to health systems, 37 00:01:25,900 --> 00:01:28,700 which often update their platforms as needed according 38 00:01:28,700 --> 00:01:30,799 to Peterson Health Technology Institute. 39 00:01:31,500 --> 00:01:33,659 Here's how health systems measure the value of 40 00:01:33,659 --> 00:01:36,319 digital health solutions per the digital health researchers 41 00:01:36,459 --> 00:01:39,680 survey of a 100 systems released October 10th. 42 00:01:40,174 --> 00:01:42,194 1st is increased patient satisfaction. 43 00:01:42,814 --> 00:01:44,834 2nd is patient engagement with solutions. 44 00:01:45,454 --> 00:01:48,114 3rd is improved performance against key clinical 45 00:01:48,974 --> 00:01:49,875 outcome metrics. 46 00:01:50,415 --> 00:01:53,534 4th is decreased spend on medical cost. 5 47 00:01:53,534 --> 00:01:55,799 is health system revenue, and 6 is just 48 00:01:55,880 --> 00:01:58,299 increased spend on pharmacy cost. 49 00:01:59,400 --> 00:01:59,900 3rd, 50 00:02:00,439 --> 00:02:03,240 Microsoft is introducing a series of new AI 51 00:02:03,240 --> 00:02:05,400 driven tools for health care. Here are 4 52 00:02:05,400 --> 00:02:08,040 things to know. Microsoft is rolling out a 53 00:02:08,040 --> 00:02:10,199 new set of health care AI models in 54 00:02:10,199 --> 00:02:11,735 Azure AI Studio. 55 00:02:12,194 --> 00:02:15,395 These models developed in collaboration with Providence and 56 00:02:15,395 --> 00:02:18,275 Page AI are designed to process a variety 57 00:02:18,275 --> 00:02:21,715 of medical data, including imaging, genomics, and clinical 58 00:02:21,715 --> 00:02:22,215 records. 59 00:02:22,754 --> 00:02:25,719 This multimodal approach, according to an October 10th 60 00:02:25,719 --> 00:02:27,099 news release from Microsoft, 61 00:02:27,400 --> 00:02:30,520 allows health care organizations to deploy tailored AI 62 00:02:30,520 --> 00:02:33,099 tools without needing extensive computation 63 00:02:33,479 --> 00:02:34,540 comp computational 64 00:02:35,000 --> 00:02:37,099 resources to build models from scratch. 65 00:02:37,965 --> 00:02:38,465 2nd, 66 00:02:38,844 --> 00:02:41,165 the tech giant is also making its Microsoft 67 00:02:41,165 --> 00:02:43,344 Fabric platform generally available. 68 00:02:43,724 --> 00:02:46,205 With this platform, health care organizations can use 69 00:02:46,205 --> 00:02:48,764 a single AI powered platform to simplify how 70 00:02:48,764 --> 00:02:51,425 they access, manage, and use their data. 71 00:02:52,259 --> 00:02:52,759 Additionally, 72 00:02:53,060 --> 00:02:55,539 Microsoft is launching the public preview of its 73 00:02:55,539 --> 00:02:58,520 health care agent service within its copilot studio, 74 00:02:58,819 --> 00:03:00,199 allowing health care organizations 75 00:03:00,500 --> 00:03:03,379 to create AI powered copilot agents for tasks 76 00:03:03,379 --> 00:03:04,840 such as appointment scheduling, 77 00:03:05,245 --> 00:03:07,585 clinical trial matching, patient triaging, 78 00:03:07,885 --> 00:03:08,705 and more. 79 00:03:09,165 --> 00:03:11,405 Cleveland Clinic was one of the first early 80 00:03:11,405 --> 00:03:13,425 adopters of this according to Microsoft. 81 00:03:14,205 --> 00:03:17,405 And 4th, Microsoft and EHR vendor, Epic, as 82 00:03:17,405 --> 00:03:19,724 well as health systems are working to develop 83 00:03:19,724 --> 00:03:23,139 an AI solution that uses ambient technology to 84 00:03:23,139 --> 00:03:24,759 streamline nursing documentation. 85 00:03:25,539 --> 00:03:28,039 The new tool, according to Microsoft, will leverage 86 00:03:28,099 --> 00:03:30,919 ambient technology to create flow sheets for review, 87 00:03:31,139 --> 00:03:32,680 allowing nurses to minimize 88 00:03:33,539 --> 00:03:36,520 paperwork and dedicate more time to patient care. 89 00:03:37,185 --> 00:03:38,944 If you would like the latest health IT 90 00:03:38,944 --> 00:03:41,185 and digital health industry news delivered to your 91 00:03:41,185 --> 00:03:43,985 inbox every morning, subscribe to the Becker CIO 92 00:03:43,985 --> 00:03:46,465 and health IT review enewsletter through our website 93 00:03:46,465 --> 00:03:47,205 at ww.beccarshospitalreview.com.