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The Bottom Line: Cloud Has Become Essential

There is no question about it: modern technology is a significant transformative force that fosters business growth. Cloud services provide a secure and cost-effective solution to legacy modernization. They offer scalability and the capability to adjust to rapid demands, enabling faster deployments, greater employee productivity, and improved stakeholder collaboration. Additionally, the economic benefits of cloud computing are significant and allow for cost flexibility and cost optimization.


first principles for healthcare innovation

Why Are Innovators Choosing Cloud?

Faster innovation, better member engagements, better data analytics, lower risk, and reduced costs—these are all huge value drivers of cloud. Faster innovation enables businesses to scale and launch new products in real time. Innovation shortens upgrade cycles and offers faster data processing. And with reduced IT and maintenance costs, health insurance employees have more time to be productive.

Member engagement can also be greatly enhanced. Data can be used to tailor offerings to individual members, making experiences more relevant and boosting retention.

Businesses can also offer additional benefits and premium services—things like video consultations and care pathway tracking—to further drive loyalty and improve healthcare and provider relations.

In terms of data analytics, businesses benefit from real-time data processing and seamless information flow— both of which culminate in faster, more powerful insights. Furthermore, reduced infrastructure, IT maintenance, and customization costs drive additional value which benefits the whole business.

Cloud also offers more insightful analytics on claims and value-based reimbursements, giving members a better customer service experience. Cloud will lower financial risk and help healthcare payers find ways to improve manual billing and enrolment.

Moving to the cloud will produce a substantial return on investment (ROI) for health insurers and give them a competitive advantage in the market. In short, the benefits of cloud far outweigh the costs of migration.

Value Drivers to Stakeholders for Digital Engagements

Members Engagement

  • Premium and Benefit Value
  • Retention
  • Simplification
  • Relevance

Payer Cost Containment and Savings

  • Administrative Costs
  • Claims Costs
  • Savings Reinvested
  • Keeping Members Engaged


  • Healthier People through Care Pathways
  • Healthcare Cost Reduction
  • Quality of Care


  • Availability of Health Network to Member
  • EHR Creation and Sharing
  • Exchanges
  • Care Pathway Tracking
  • Telehealth / Video Consultations

Significant ROI

  • Cloud deployments have an average 2.3 times lower total cost of ownership compared with on-premise deployments.
  • The payback period for cloud deployments is 2.2 times faster than on premise.
  • Cloud continues to provide benefits to customers by providing both lower initial and ongoing costs.
  • Cloud deployments are faster and require fewer internal resources.

“Quantifiable returns from cloud deployments continue to dramatically outpace the returns from on-premise deployments. Nucleus found the average company achieved a 3.2 times greater return on investment (ROI) from the cloud when compared to an on-premise solution. All organizations should be carefully assessing the financial wisdom of maintaining their remaining on premise solutions.”

—Ian Campbell, CEO, Nucleus Research

Customer Success Stories

Here is an example of a large U.S. health insurer who is implementing Oracle’s Cloud Services:

first principles for healthcare innovation

Ranked by Newsweek as number one in customer service, US-based health insurance company Humana works to improve healthcare and make it more accessible for its 14 million-plus members. Humana required the right solution to support its goal to create a new kind of integrated care that reduces costs while improving health and well-being.

What Humana is doing with Oracle:

  • Using a cloud-first strategy to deploy core administration processing solution
  • Benefits: scalability, portability, and integration to reduce costs

In Summary

The uncertainty of healthcare reform is transforming the health insurance industry. Slowly but surely, businesses are discovering they do not need to put up with the inefficiencies of yesterday’s legacy infrastructure. Innovation is taking a front seat, providing freedom from the burden of on-premise systems. Cloud computing has become the essential foundation of digital transformation.

Oracle is constantly innovating its healthcare portfolio to equip its customers with the most powerful solutions. It was the first to offer a full SaaS solution that was built from the ground up to work optimally in the cloud. Oracle has made its core healthcare solution available in the cloud to deliver a more affordable healthcare experience, paving the way for your digital transformation journey.



Oracle Health Insurance: Shaping the Foundation for Moving to Cloud

For additional reading on cloud solutions:


Why you can’t afford not to move your applications to the cloud.

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