MultiPlan (NYSE: MPLN) announced its decision to consolidate its cloud infrastructure on Oracle Cloud Infrastructure (OCI) to support its digital transformation initiative. The company will begin with a ‘lift-and-shift’ migration of existing on-premises workloads, including its Oracle Database operations.
The migration to OCI is expected to deliver significant cost savings and performance improvements. MultiPlan plans to eventually transition workloads from other platforms to OCI, citing its superior economics, security features, and technical flexibility as key decision factors.
According to Travis Dalton, MultiPlan’s President and CEO, this migration is important for their vision and will enable the company to leverage its expertise and data to deliver new solutions serving a broader healthcare stakeholder base. The move aims to enhance the company’s ability to provide solutions that improve healthcare affordability, quality, and transparency.
MultiPlan (NYSE: MPLN) ha annunciato la decisione di consolidare la propria infrastruttura cloud su Oracle Cloud Infrastructure (OCI) per supportare la propria iniziativa di trasformazione digitale. L’azienda inizierà con una migrazione ‘lift-and-shift’ dei carichi di lavoro esistenti in locale, comprese le operazioni del suo database Oracle.
Si prevede che la migrazione verso OCI porterà a significativi risparmi sui costi e miglioramenti delle prestazioni. MultiPlan prevede di trasferire in futuro i carichi di lavoro da altre piattaforme a OCI, citando la sua superiorità economica, le caratteristiche di sicurezza e la flessibilità tecnica come fattori chiave per la decisione.
Secondo Travis Dalton, Presidente e CEO di MultiPlan, questa migrazione è importante per la loro visione e permetterà all’azienda di sfruttare la propria expertise e i propri dati per offrire nuove soluzioni a un’ampia base di stakeholder nel settore sanitario. L’obiettivo è potenziare la capacità dell’azienda di fornire soluzioni che migliorino l’affordability, la qualità e la trasparenza dell’assistenza sanitaria.
MultiPlan (NYSE: MPLN) anunció su decisión de consolidar su infraestructura en la nube en Oracle Cloud Infrastructure (OCI) para respaldar su iniciativa de transformación digital. La empresa comenzará con una migración ‘lift-and-shift’ de las cargas de trabajo existentes en local, incluidas sus operaciones de base de datos de Oracle.
Se espera que la migración a OCI ofrezca ahorros significativos en costos y mejoras en el rendimiento. MultiPlan planea eventualmente trasladar cargas de trabajo de otras plataformas a OCI, citando su economía superior, características de seguridad y flexibilidad técnica como factores clave en la decisión.
Según Travis Dalton, Presidente y CEO de MultiPlan, esta migración es importante para su visión y permitirá a la empresa aprovechar su experiencia y datos para ofrecer nuevas soluciones a una base más amplia de partes interesadas en el sector de la salud. El movimiento tiene como objetivo mejorar la capacidad de la empresa para proporcionar soluciones que mejoren la asequibilidad, calidad y transparencia del cuidado de la salud.
멀티플랜 (NYSE: MPLN)은 디지털 전환 이니셔티브를 지원하기 위해 오라클 클라우드 인프라(OCI)로 클라우드 인프라를 통합하기로 결정했다고 발표했습니다. 이 회사는 기존 온프레미스 작업량의 ‘리프트 앤 시프트’ 마이그레이션을 시작할 예정이며, 여기에는 오라클 데이터베이스 작업도 포함됩니다.
OCI로의 마이그레이션은 상당한 비용 절감과 성능 개선을 가져올 것으로 예상됩니다. 멀티플랜은 궁극적으로 다른 플랫폼에서 OCI로 작업량을 전환할 계획이며, 경제성, 보안 기능 및 기술적 유연성을 주요 결정 요인으로 언급했습니다.
멀티플랜의 사장 겸 CEO인 트래비스 달턴(Travis Dalton)에 따르면, 이번 마이그레이션은 회사의 비전에 중요하며, 회사가 자사의 전문성과 데이터를 활용하여 더 넓은 의료 이해 관계자 기반을 위한 새로운 솔루션을 제공할 수 있게 할 것입니다. 이 움직임은 회사가 의료 서비스의 합리성, 품질 및 투명성을 개선하는 솔루션을 제공하는 능력을 향상시키기 위한 것입니다.
MultiPlan (NYSE: MPLN) a annoncé sa décision de consolider son infrastructure cloud sur Oracle Cloud Infrastructure (OCI) pour soutenir son initiative de transformation numérique. L’entreprise commencera par une migration ‘lift-and-shift’ de ses charges de travail locales existantes, y compris ses opérations de base de données Oracle.
La migration vers OCI devrait entraîner des économies significatives et des améliorations de performance. MultiPlan prévoit finalement de transférer ses charges de travail d’autres plateformes vers OCI, citant ses économies supérieures, ses caractéristiques de sécurité et sa flexibilité technique comme des facteurs clés de la décision.
Selon Travis Dalton, président et PDG de MultiPlan, cette migration est importante pour leur vision et permettra à l’entreprise de tirer parti de son expertise et de ses données pour fournir de nouvelles solutions à une base d’intervenants plus large dans le secteur de la santé. Ce mouvement vise à améliorer la capacité de l’entreprise à offrir des solutions qui améliorent l’accessibilité, la qualité et la transparence des soins de santé.
MultiPlan (NYSE: MPLN) hat seine Entscheidung bekannt gegeben, die Cloud-Infrastruktur auf Oracle Cloud Infrastructure (OCI) zu konsolidieren, um die digitale Transformationsinitiative zu unterstützen. Das Unternehmen wird mit einer ‘Lift-and-Shift’-Migration der bestehenden On-Premises-Workloads beginnen, einschließlich der Oracle-Datenbankoperationen.
Es wird erwartet, dass die Migration zu OCI erhebliche Kosteneinsparungen und Leistungsverbesserungen bringt. MultiPlan plant, letztendlich Workloads von anderen Plattformen zu OCI zu migrieren und nennt die überlegene Wirtschaftlichkeit, Sicherheitsmerkmale und technische Flexibilität als entscheidende Faktoren für die Entscheidung.
Laut Travis Dalton, Präsident und CEO von MultiPlan, ist diese Migration wichtig für ihre Vision und wird es dem Unternehmen ermöglichen, sein Fachwissen und seine Daten zu nutzen, um neue Lösungen für eine breitere Interessengruppenbasis im Gesundheitswesen zu entwickeln. Der Schritt zielt darauf ab, die Fähigkeit des Unternehmens zu verbessern, Lösungen anzubieten, die die Erschwinglichkeit, Qualität und Transparenz im Gesundheitswesen erhöhen.
Positive
- Expected significant cost savings from cloud infrastructure consolidation
- Performance improvements anticipated from OCI migration
- Enhanced scalability for future growth
- Improved operational efficiency and flexibility
Negative
- Short-term costs and risks associated with large-scale infrastructure migration
- Potential operational disruptions during transition period
Insights
MultiPlan’s strategic move to consolidate its infrastructure on Oracle Cloud Infrastructure (OCI) represents a significant technological pivot with substantial cost implications. The ‘lift-and-shift’ migration approach of their Oracle Database workloads minimizes operational disruption while enabling immediate cloud benefits. Based on typical enterprise cloud migrations, this consolidation could yield
The decision to migrate from multiple platforms to OCI signals MultiPlan’s commitment to streamlining their technology stack. This consolidation will likely reduce complexity and technical debt while providing access to Oracle’s advanced analytics and AI capabilities. For a company processing healthcare data, OCI’s security features and compliance frameworks are particularly valuable assets.
In simple terms: Think of this like moving from maintaining multiple expensive houses (different cloud platforms) to one modern, efficient smart home (OCI) that’s cheaper to run and easier to manage. This move should help MultiPlan process healthcare claims faster and more efficiently while spending less on IT infrastructure.
This infrastructure modernization directly impacts MultiPlan’s core business of healthcare claims processing and cost management. The migration to OCI positions them to better leverage their vast healthcare data assets for advanced analytics and AI-driven solutions. This is important in the healthcare technology sector where processing speed and data accuracy directly affect revenue cycle management.
The emphasis on ‘superior economics’ in their CIO’s statement suggests significant potential for margin improvement through reduced infrastructure costs. For a company processing billions of claims annually, even a small improvement in processing efficiency can translate to meaningful bottom-line impact.
Breaking it down for everyday investors: MultiPlan helps insurance companies and healthcare providers save money by finding better prices for medical services. This tech upgrade is like giving them a faster, smarter calculator that not only crunches numbers better but also spots patterns to find even more savings. This could help them win more clients and make more money per client.
MultiPlan consolidates cloud infrastructure to establish a scalable foundation for growth, bring new products to market faster and better support its clients and the patients and members they serve with solutions that improve affordability, quality, and transparency.
MultiPlan Corporation (NYSE: MPLN), a leading provider of technology and data solutions that improve affordability, quality and transparency in healthcare, will consolidate its cloud infrastructure on Oracle Cloud Infrastructure (OCI) to support its previously disclosed digital transformation. OCI will also help MultiPlan better support its clients’ needs by improving efficiency and creating a more flexible infrastructure that meets evolving market demands.
“Migrating to OCI is critical to achieving our vision and will enable us to leverage our expertise and data to deliver new solutions that serve a broader set of healthcare stakeholders,” said Travis Dalton, President and Chief Executive Officer of MultiPlan. “Our clients will be able to better serve their patients and members with modern solutions.”
MultiPlan will begin its migration to OCI with a “lift-and-shift” of its existing on-premises workloads, including a large Oracle Database footprint. OCI helps make cloud migrations faster and lowers risk by minimizing application changes while maximizing infrastructure price-performance. Over time, MultiPlan plans to move workloads currently on other platforms to OCI to take advantage of significant cost savings and performance gains. “As we evaluated our options, the team compared current state, other vendor alternatives, and Oracle’s next-generation cloud. The winner was clear – OCI provides best-in-class security with the performance, technical flexibility, and superior economics we need to rapidly innovate to meet our clients’ needs,” said Michael Kim, Chief Information Officer of MultiPlan.
“Healthcare organizations around the world are increasingly realizing the value of migrating to the cloud to enable greater security, agility, and innovation,” said Karan Batta, Senior Vice President, Oracle Cloud Infrastructure. “By selecting OCI, MultiPlan gains a cloud partner with significant healthcare industry expertise, compelling price-performance advantages, and a proven track record of protecting the world’s most sensitive data. OCI provides the foundation MultiPlan needs to accelerate the realization of its vision and take advantage of the latest developments in analytics and AI.”
About MultiPlan
MultiPlan is committed to bending the cost curve in healthcare by delivering transparency, fairness, and affordability to the US healthcare system. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based, data and decision science, and analytics-based services. MultiPlan delivers value to more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit multiplan.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250111028068/en/
Media Relations Contact
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781-895-3118
press@multiplan.com
Investor Relations Contacts
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866-909-7427
investor@multiplan.com
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Source: MultiPlan Corporation
FAQ
What are the expected cost savings from MultiPlan’s (MPLN) migration to Oracle Cloud Infrastructure?
While specific figures weren’t disclosed, MultiPlan expects significant cost savings through the consolidation of its cloud infrastructure on OCI, citing superior economics as a key factor in their decision.
How will MultiPlan’s (MPLN) migration to OCI affect its operational efficiency?
The migration is expected to improve operational efficiency by providing better scalability, enhanced security, and improved technical flexibility, enabling faster delivery of new solutions to market.
What is MultiPlan’s (MPLN) timeline for migrating to Oracle Cloud Infrastructure?
MultiPlan will begin with a ‘lift-and-shift’ migration of existing on-premises workloads, including Oracle Database operations, with plans to gradually move workloads from other platforms to OCI over time.
How will the OCI migration impact MultiPlan’s (MPLN) healthcare solutions delivery?
The migration is expected to enable MultiPlan to deliver new solutions serving a broader set of healthcare stakeholders, improving healthcare affordability, quality, and transparency for clients and their patients.