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Morning Headlines 3/10/23

March 9, 2023 Headlines No Comments

Oracle Announces Fiscal 2023 Third Quarter Financial Results

Oracle reports Q3 results: revenue up 18%, adjusted EPS $0.68 versus $0.84, beating earnings expectations but falling just short on revenue.

Biden 2024 budget calls for IT spending boosts at VA, Social Security, GSA and CISA

President Biden’s proposed $6.8 trillion 2024 budget includes $1.9 billion for the continued roll out of the VA’s Oracle Cerner EHR.

The founder of Elemy raised more than $200 million to provide better autism therapy for kids. Now he’s ditching patient care to chase billions selling healthcare software.

Elemy, which raised over $300 million to open clinics to treat children with autism, has pulled out of 11 of the 14 states it covered and conducted layoffs as it transitions to selling software to clinicians to command a higher investor valuation.



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RECENT COMMENTS

  1. I'd never heard of Healwell before and took a look over their offerings. Has anyone used the products? Beyond the…

  2. Neither of those sound like good news for Oracle Health. After the lofty proclamations of the last couple years. still…

  3. I doubt much has changed with the former Cerner except that Safra stopped ripping the business after Oracle ended breaking…

  4. There was a recent report pointing to increased Medicare costs when patients returned to traditional Medicare, of course assuming that…

  5. Haha, my mistake. I should have known since Cerner presumably no longer is a drag on growth?

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