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Five Ideas: Healthcare

Oracle buys ClearTrial

April 2012

In March, Oracle announced it has entered into an agreement to acquire ClearTrial, a leading provider of cloud-based Clinical Trial Operations applications that make the planning, sourcing, and tracking of clinical projects and financial performance faster and more accurate. Oracle's proposed acquisition could help biopharmaceutical and medical device companies significantly improve their ability to manage clinical trials across geographies, outsourced facilities, therapeutic areas and trial phases, resulting in a better return on their R&D capital investments.

Certainly, healthcare is a rapidly changing industry, deeply impacted by technological advancement, global competition and evolving reform. Read more about how experts are managing during this period of extreme change.

“Biopharmaceutical, medical device and diagnostic companies, as well as contract research organizations (CROs), are facing increasing pressure to deliver clinical development projects on time and within budget. Adding ClearTrial to the Oracle Health Sciences Cloud will help our customers streamline the clinical development process and help them bring therapies to market with greater predictability and at lower costs.” —Neil de Crescenzo, senior vice president and general manager, Oracle Health Sciences

“Doctors are very happy about being able to pull up the chart on their iPad, review the information, put the iPad away, go into the room, meet with the patient, come back out to a work station, pull up the same exact desktop to get to a keyboard or mouse and update the cart.” —Adam Workman, principal consultant, Oracle Desktop Virtualization

“We're in the process of changing the way we do our work and looking at ever more efficient and cost-effective ways to do it. It remains to be seen exactly how it’s going to go with healthcare reform, but we stand at the ready to move quickly.” —Barbara Magusin, senior vice president of human resources at Premera.

“Profitability and cost management is an imperative for healthcare insurance providers. This is being driven by both regulatory requirements and competitive pressures. Effectively addressing the challenges of profitability and cost management involves mastering a methodology, understanding the business drivers, changing business processes, and introducing a system that supports an efficient process. The impact of profitability and cost management ripples through to all management processes and is a key component of an overall enterprise performance management system.” —John O'Rourke, vice president of product marketing for EPM and BI products at Oracle

“Anticipating the technology needs of healthcare and life sciences requires thinking ahead and working with peers in other organizations around the world. We intend to give our researchers the resources and time to make new discoveries, disseminate their findings, and incorporate innovations into Oracle products to benefit our customers” —Neil de Crescenzo, senior vice president and general manager, Oracle Health Sciences

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