Oracle has rolled out significant new features in its Fusion Cloud Human Capital Management (HCM) and Supply Chain Management (SCM) suites, specifically aimed at addressing challenges within the healthcare sector. The introduction of the Oracle Healthcare Talent Network within the HCM suite is especially notable. This feature is designed to help healthcare organizations streamline talent sourcing to tackle one of the industry’s most critical issues: a significant shortage of healthcare workers. According to the US Bureau of Labor Statistics, the industry is projected to require nearly two million new healthcare workers annually. By offering better access to qualified candidates and contingent workers through partnerships with leading healthcare talent providers, Oracle aims to mitigate this pressing concern, even though the specific partners have not been disclosed.
Complementing these advancements in human capital management, Oracle has also introduced new tools within its Cloud SCM suite. The Inventory Shortages Workbench and Mobile Recall Management tools are designed to enhance inventory management within healthcare organizations. These tools offer a unified view that allows for more effective management of stockouts and product recalls. The Inventory Shortages Workbench helps to identify potential inventory issues before they become critical, while the Mobile Recall Management tool facilitates swift and accurate product recall actions via mobile applications. By improving these aspects of inventory management, Oracle’s new tools aim to reduce risks and improve patient safety significantly, making healthcare organizations more resilient against supply chain disruptions.
Addressing Skill Gaps and Future-Proofing the Workforce
Oracle has introduced groundbreaking features in its Fusion Cloud Human Capital Management (HCM) and Supply Chain Management (SCM) suites to address healthcare sector challenges. A standout is the Oracle Healthcare Talent Network within the HCM suite, designed to help healthcare organizations streamline talent sourcing amidst a severe worker shortage. The US Bureau of Labor Statistics projects a need for nearly two million new healthcare workers annually. Oracle aims to ease this shortage by offering better access to qualified candidates through collaborations with top healthcare talent providers, although the specific partners remain undisclosed.
In addition to these HCM enhancements, Oracle has also rolled out new tools within its Cloud SCM suite, such as the Inventory Shortages Workbench and Mobile Recall Management tools. These tools aim to improve inventory management in healthcare settings by providing a unified view for better handling of stockouts and product recalls. The Inventory Shortages Workbench predicts potential issues before they escalate, while the Mobile Recall Management tool ensures swift and accurate recall actions via mobile apps. Together, these advancements aim to bolster patient safety and make healthcare organizations more resilient against supply chain disruptions.
