On March 23, 2010, President Obama signed comprehensive health reform, the Patient Protection and Affordable Care Act (PPACA), into law. In response to this law, the vast majority of states are planning to launch their own state-wide Health Insurance Exchanges (HIX) by the mandated deadline of 2014. The establishment of a sustainable HIX by 2014 presents serious challenges to state governments. But this fast-approaching PPACA requirement also presents an unprecedented opportunity: legislators not only can take a lead role in determining what the future of health care should look like for the citizens in their states, but they can help support those small employers that are so crucial to innovation and economic growth, and that create millions of new jobs every year. And, while the stakes are high for all involved, the functions and services required to make an HIX successful are already available from Oracle.
Only Oracle can provide states with a flexible solution that will integrate with their existing Medicaid, CHIP, and other state-run health and human services platforms and also has experience in providing open standards-based, commercial off-the-shelf systems that deliver all necessary functionality based on CCIIO and ONC guidance yet meets the requirements of more comprehensive and integrated state-run programs, focused on holistic outcomes.
Oracle has a long history of working with private health payers (8 of the top 10 US commercial healthcare insurers run on Oracle) and commercial providers, nonprofit insurers including Blue Cross Blue Shield, public-sector agencies, and institutions across the health and human services, criminal justice, tax and revenue management, and other government functional areas at the international, national, state and local government levels. As a result, Oracle has quickly established a position in support of early innovator State Health Information Exchanges (HIE) and HIX reference design and deployment efforts.