Oracle Corporation (NYSE:ORCL) made a $28 billion bet on Cerner Corporation to revolutionize healthcare. However, the electronic health records system has been linked to patient deaths, leading to a massive liability for Oracle.
What Happened: In 2021, Oracle acquired Cerner, a major EHR provider, with the intention of integrating its vast medical data into Oracle’s AI models to create the EHR of the future, reported Business Insider on Monday.
However, Cerner’s EHR system, which was responsible for managing the electronic health records of a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs (VA), was found to be severely flawed. The system’s rollout at the VA, which serves 9 million veterans, was described as a “slow-moving catastrophe.”
One feature of the EHR system caused over 11,000 ...