Oracle's new offering could help boost its position within the fiercely competitive EHR market, where it has struggled to maintain its footing in recent years. In 2023, Oracle saw its largest net hospital loss on record while market leader Epic Systems, Oracle's top rival, was the only company that saw a net increase in acute care market share, according to a report from KLAS Research.

Cerner contributed $5.9 billion to Oracle's total revenue in fiscal 2023. Epic generated $4.9 billion in revenue last year.