To support upgrades to its flagship MedNeXt+ product, an enterprise-wide solution that administers services to nearly three million members and processes U.S. $620 million in annual premiums, MedNet needed a scalable, efficient and high-performance application platform.
After careful evaluation, MedNet selected Oracle Fusion Middleware family of products, including Oracle WebLogic Server 11g, to build the foundation for a new cloud-based, configurable, out-of-the-box MedNeXt+ application that could adapt to the needs of individual health insurers, third party administrators and managed care organizations.
The use of the flexible and high performance Oracle Application Development Framework has allowed MedNet to increase application development productivity while reducing development time and cost by 20 percent – 1.25 million Euro.
By embedding Oracle Business Intelligence Enterprise Edition into MedNeXt+, MedNet is able to help risk carriers track revenue against key performance indicators and make fact-based forecasting, marketing, and strategy decisions.
In addition, the increased speed, performance and scalability of the new MedNext+ product has enabled MedNet to boost end-user performance by 20 percent and lower the cost of customer ownership over existing implementations by 50 percent.
“We needed to upgrade our flagship product to a Web-based solution that could enable insurers to improve business performance and data management,” said Gerry Raftopoulos, general manager, MedNet International Ltd. “Working closely with Oracle, we have been able to leverage Oracle WebLogic Server and other Oracle Fusion Middleware products to build a next-generation healthcare insurance management solution. As a result, we have been able to improve customer service while lowering overheads for our customers around the world.”
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.