https://www.fiercehealthcare.com/health-tech/oracle-ceo-warns-cerner-ehr-business-facing-near-term-headwinds-revenue-growth
6 replies (most recent on top)
Not too worried about cerner. It doesn’t appear they were prepared for the VA contract. Reading reports no to VA’s are using the same hardware, software or proceedures.
The government person directlly overseeing the rollout said it is extremely complex. Oracle needs to rewrite everything to bring to OCI then start slowly converting one data center at a time.
From the aricle - Oracle is working to “drive Cerner profitability to Oracle standards," she said.
I guess that means layoffs, no raises and cancelled projects.
Not a good week for Oracle.
And Cerner is in trouble
He’s going to wish he had an army of programmers. Most are gone. Either layed off or attrition.
He’s going wake up soon when he sees the news and wonder why they didn’t have better internal accounting controls at Oracle.
He’s got a lot of new young gen z’s that inherited a lot of money and have trust funds with alot of Oracle stock …and they want to know how mid level VPs get away with taking so much from the company which is the same as taking from them
They want investigations, answers. indictments and strong internal acctg controls. They filing a complaint with the SEC. They don’t play like their parents and grandparents did.
And the SEC has to comply to their complaints or they will go to congress.
I’ve never seen anything like them.
They are within their rights.
Artificial intelligence?
Rotate the pod please Hal!
He noted that Oracle is not using "armies of programmers" to rewrite and modernize the Cerner EHR platform. "We are generating the new Millennium software using APEX, and that's also going to save us a lot of human labor and generate higher-quality code and higher-quality user interfaces and better security, all at once," he said. "On the business side of things, we think the Cerner business is going to get stronger and stronger."
This sounds scary long term.
Cerner is the easy fall guy. Problems are deeper.