REDWOOD SHORES, Calif., March 29, 2017 /PRNewswire/ — Oracle today announced that Blue Shield of California, Family Health Network (FHN), and Health Care Service Corporation (HCSC) have selected Oracle Cloud Applications to help them provide healthcare coverage at an affordable cost by digitizing and modernizing their financial, planning and budgeting systems, and business processes. With Oracle Cloud solutions for finance, these organizations have the tools needed to be able to achieve the speed and flexibility required to support and scale with the healthcare industry’s rapidly changing needs.
Oracle Enterprise Resource Planning (ERP) Cloud help organizations simplify and streamline operations with increased visibility and insights into financial and operations. By reducing IT complexity and costs, organizations can also increase productivity, by freeing employees to help provide their insured members with the best and most affordable health insurance plans.
Health Insurance Organizations Move to the Cloud
Blue Shield of California chose Oracle ERP Cloud to support more than four million health plan members and nearly 65,000 physicians. The move to Oracle ERP Cloud has allowed Blue Shield of California to streamline hundreds of application interfaces and reports, which has stabilized the monthly close. With Oracle ERP Cloud, Blue Shield of California expects improved financial analysis to enable cost savings for policy holders.