To succeed in the coming decade and beyond, executives and technologists must embrace emerging technologies that enable faster speed to market, regulatory agility, and new data interoperability standards to build interconnected healthcare systems driven by data, preventive health, service effectiveness, and cost efficiency.
Transform and simplify your customers' health insurance journeys today
Oracle Health Insurance Solutions for Claims and Policy Administration (OHI) has proudly achieved their SOC2 type 2 Certification Compliance for Security and Data Confidentiality.
Defence Health leverages the flexibility of Oracle Health Insurance to bring products to market more quickly.
Point32Health rapidly and accurately process approximately 1 million claims transactions each month by running Oracle Health Insurance applications on Oracle Exadata Database Machine.
Health insurance claims and benefits management is a frontier ripe for innovation. Estimates of loss to claims leakage equates to more than $300M. Learn more about the importance of effective health insurance claims and benefits management, and how to reap the cost savings.
Oracle Health Insurance offers Australian private health insurers a readily available, localised core platform that maximizes benefits of turnkey product while offering maintainability for individual insurers.
Oracle has developed a layered model that allows for Oracle to build and maintain localisation features and yet have customers extend these to create their own IP, and maximise brand differentiation.
Provides Australian market capabilities such as age based discounts, LHC, and Medicare rebate. Plus core capabilities of membership, provider contracts, claims pricing and adjudication. Delivered as a SaaS service, maintained by Oracle.
The majority of market specific features includes data attributes commonly used in Australia, as a cohesive model to ensure speedy compliance with market changes. These include things such as rate and rebate tables, market specific claim rules, and integrations and extracts to external service providers, or agencies like the ATO.
Includes a variety of information such as custom codes, product & benefit designs, premium schedules, claims processing rules, fraud waste and abuse rules and more. This is client retained IP and is never contained within our core product.
Oracle’s investment in Australian market localizations is extensive. As a result, the Oracle Health Insurance solution provides all required functionality as pre-built configuration.
Based on publicly available specifications or requirements and will be documented and supported by standard product support mechanisms. Localisation’s will be delivered as core product functionality. An Example is ‘Date Paid to’.
Localisation with reliance on 3rd party end points/data sets or a mixture of industry and fund specific business rules. This is documented as a configuration set, and an implementation asset for use in customer onboarding and support. An example is claims processing rules for eclipse hospital claims.
Oracle works closely with customers in support of innovation. Our CAB extends beyond advancement of the OHI application and Oracle technology, into partnerships that provide customers access to insight and innovation that only Oracle can provide via global industry relationships.
Maximise brand differentiation and harness capability to innovate and deliver at speed, with not only the configurability and flexibility of the OHI platform, but through integration of additional technologies and value propositions.
Oracle supports readily available value add solutions covering a whole host of industry specific areas. Such as Health and Wellness, quantification of health, blockchain, telehealth, AI driven claims excellence, OCR, HL7 FHIR and much more.
As a modular PHI solution specifically for health payers, Oracle’s ‘Insurer in a box’ furthers the concept by bundling additional functional modules commonly required to confidently migrate from legacy. E.g. CRM, CCM, IFRS17, Analytics and more. Take one, some, or all, progressively, depending on requirements.
With a comprehensive RESTful API layer, 150+ industry specific integration points and the powerful Oracle Insurance Gateway, OHI’s integration and data interoperability capability ensures data gets to where it’s needed, when it’s needed.
Configurability is what has allowed OHI to localise for the Australian market, but is also what gives insurers confidence to manage change, at speed moving forward. Tackle market and regulatory change in your stride, and not at the expense of growth.
Complete and comprehensive PHI administrative capability, on Australian based cloud, as a service. Designed for Australian Health Insurers, with 3 upgrades a year on highly available single tenant environments. Let Oracle keep the lights on while you deliver for members.
For insurers, applying a digital façade to the front end is not going to be enough if one is to stay ahead. The only sustainable way to deliver improved services at a lower cost is to be digital at the core.
Australian health insurers are navigating a period of ever-increasing change and uncertainty as they speed up their appreciation of digital transformation. FST Media and Oracle hosted a virtual roundtable to discuss how Australian health insurers can navigate a true digital path ahead.
Health insurers can see the importance of digitizing old processes, and how digital transformation can deliver a better member experience, lower costs, and better health outcomes for members. Find out how digitization is enabling businesses to improve their regulation lifecycle, modernize processes, and scale enrollments through technical innovation.Read the ebook
Oracle wants to partner with you to help accelerate your health insurance innovation journey. We offer an end-to-end core administration platform for small and large health plans to modernize their systems at scale, introduce new products quickly, grow enrollments, and increase market share. The Oracle Health Insurance Platform offers componentized and transparent applications for a better member experience.
As AI technology becomes more accepted, its applications within the health insurance world are evolving in lockstep. Here’s a look at two use cases for AI in health insurance that are starting to make headway.
Understand how Oracle is marrying comprehensive core administrative processing and personalized proactive member engagements in a healthcare ecosystem with partners such as dacadoo.
Claims management is a key area where relationships are sealed or severed, and business performance is strengthened or forfeited. Oracle surveys the healthcare landscape and offers a plan for happier customers and stronger business performance.