Oracle targets healthcare firms with new features in Cloud HCM and SCM

Oracle has added new features to its Fusion Cloud Human Capital Management (HCM) and Fusion Cloud Supply Chain Management (SCM) suites, targeting firms in the healthcare sector.  

One of the new features, named the Oracle Healthcare Talent Network, has been introduced as part of Oracle Fusion Cloud Recruiting inside the HCM suite and is designed to help healthcare firms find talent to fill mission-critical roles.

“The Talent Network will enable hiring managers to gain access to more qualified candidates, streamline talent sourcing, and quickly find skilled contingent workers by bringing together leading healthcare talent partners in Oracle Cloud HCM,” the company said, without naming any of the partners.

This feature, according to the company, assumes importance as the US healthcare industry is currently facing an ongoing talent shortage. So much so that it cites the US Bureau of Labor Statistics which forecasts that nearly two million healthcare workers will be needed each year to keep up with domestic demand.

Further, Oracle said that the feature is expected to help enterprise customers increase visibility into their human resources and help improve decision-making in order to reach optimized workforce performance.

Other benefits include easier management of contingent workforce along with full-time staff across a unified platform, it added, without providing any details on pricing and availability.

In September, the company introduced the Dynamics Skills feature in Cloud HCM, which is designed to help enterprises keep a tab on their current and future skills requirement.

Oracle Cloud SCM gets new inventory management features

The other features targeted at healthcare firms were introduced as part of the Oracle Fusion Cloud Inventory Management tool inside Cloud SCM.

One among them, named Inventory Shortages Workbench, is aimed at helping customer enterprises identify and solve inventory shortages or stockouts by providing a single view of inventory, the company said, adding that the second feature was aimed at helping with recall management.

Christened Mobile Recall Management, the second feature is essentially a mobile application that is aimed at helping enterprises respond quickly, accurately, and “comprehensively” to product recall notices by scanning items and locations, recording recall counts, and helping quarantine affected items.

The two features combined are designed to help healthcare firms reduce risk and improve patient safety, Oracle said, but didn’t provide any details on pricing and availability or whether enterprises would be able to access the features without any additional cost like most features across its Fusion Cloud suites.

In September, Oracle introduced a new RFID-powered inventory management offering to help healthcare firms ensure better patient care by procuring medical items on time.