NetSuite SuiteSuccess Healthcare Edition helps streamline
business processes, expand insights, and enhance decision-making
while supporting HIPAA privacy and security
requirements
AUSTIN, Texas, June 24, 2024 /PRNewswire/ -- Oracle
NetSuite today announced a new solution to help healthcare
organizations improve business efficiency and support Health
Insurance Portability and Accountability Act (HIPAA) compliance.
With NetSuite SuiteSuccess Healthcare Edition, healthcare
organizations can quickly take advantage of the latest advancements
in cloud computing and artificial intelligence (AI) to help
streamline business processes, expand insights, improve
decision-making, optimize resource allocation, and enhance patient
care.
"Healthcare is one of the biggest, most critical, and most
complex industries in the world. Oracle is making a significant
investment in healthcare to help simplify processes and enhance the
patient experience," said Evan Goldberg, founder and
executive vice president, Oracle NetSuite. "With NetSuite,
healthcare organizations can take advantage of an integrated cloud
system to help automate and streamline business processes, make
more informed decisions, and reduce costs, all while addressing
HIPAA compliance. As a result, these organizations can do more with
less and enable frontline workers to focus on what matters
most—delivering high-quality care to their patients."
NetSuite SuiteSuccess Healthcare Edition is an industry-specific
pre-configured solution with pre-defined role-based dashboards,
reports, KPIs, and workflows. Building on Oracle's significant
investment in healthcare, it is designed to help healthcare
organizations improve operational efficiency, gain faster time to
value, bolster security, and support compliance. NetSuite
SuiteSuccess Healthcare Edition includes:
- Financial management and reporting: Helps
healthcare organizations automate and streamline transactions,
payables, and receivables, improve purchasing controls, and
accelerate reporting. With a single, real-time view of the
business, from clinic financials and patient billing to inventory,
customers can improve decision-making, enhance resource allocation,
and increase operational efficiency.
- Inventory management: Helps healthcare organizations
gain a real-time view of inventory across all locations including
medications and medical supplies. With a comprehensive view of
inventory, customers can reduce costs and minimize delays by
optimizing the reorder processes and confirming the right quantity
of stock is in the right location.
- Asset and lease management: Helps healthcare
organizations quickly and accurately manage assets and leases for
medical devices, ambulances, or offices. With detailed asset
reporting and seamless integration with NetSuite's accounting
software, healthcare customers can control costs by efficiently
creating amortization schedules, planning maintenance, and tracking
depreciation.
- Compliance and security: Helps healthcare
organizations control access to electronic protected health
information (ePHI), with role-based access controls, password
policies, and multifactor authentication. These features can help
customers to protect sensitive patient information while
streamlining business processes and improving overall
efficiency.
- User activity auditing: Helps healthcare
organizations monitor access to ePHI in NetSuite – including user
activity monitoring of the customer record and associated
transactions – to identify unusual activity and report on
interactions with patient data. With NetSuite Compliance 360,
healthcare customers can enhance patient privacy by improving
customer record visibility and accelerating audits and
HIPAA-related investigations.
"Our mission is to redefine the way aging adults in our
community receive healthcare, so we needed an integrated business
system that would help us deliver more personalized care," said
Merlan Powell, vice president of
finance, Coastal Care Partners. "NetSuite provides a 360-degree
view into our operations, enabling us to streamline business
processes and enhance decision-making. With these expanded
capabilities and support for HIPAA compliance, we can better
protect patient information and ensure first-class care."
Availability:
NetSuite SuiteSuccess Healthcare
Edition is available now in North
America.
About Oracle NetSuite
For more than 25 years, Oracle
NetSuite has helped organizations grow, scale, and adapt to change.
NetSuite provides an integrated system that includes financials /
Enterprise Resource Planning (ERP), inventory management, HR,
professional services automation and omnichannel commerce, used by
more than 38,000 customers in 219 countries and dependent
territories.
Trademarks
Oracle, Java, MySQL and NetSuite are
registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle NetSuite