Palantir Is Rapidly Increasing Its Presence In Healthcare
This article was originally posted on Forbes.com
Last month, recent Wall Street AI darling Palantir announced a new partnership with TeleTracking to use its AI suite in conjunction with the latter’s platform to optimize healthcare operations and organizational decision-making capabilities.
Palantir’s Foundry and AIP systems will be integrated with TeleTracking’s Operations IQ platform in order to:
- “Seamlessly integrate clinical, operational, financial, workforce, and third-party data
- Leverage predictive forecasting and demand modeling to manage capacity, staffing, and resources
- Enable visibility and near real-time situational awareness across regions or systems
- Drive enterprise-wide optimization of key resources and maximize patient flow through operational Command Centers
- Leverage the unique operational data of TeleTracking, coupled with the Palantir AI-native platform, to drive automation in the operational processes
- Reduce burden on staff and caregivers, while improving patient and financial outcomes.”
Alex Karp, CEO of Palantir, explains that this partnership represents the latest trend in healthcare, where systems are openly and increasingly leveraging AI platforms to improve their operations and workflows.
Palantir has certainly been instrumental in the healthcare technology revolution and has slowly increased its presence in the industry. It has an entire division dedicated to Health & Life sciences, including platforms to support fundamental and translational clinical sciences and research. It even has a dedicated vertical for hospitals, developed to address their systematic data needs. The company boasts clients ranging from the NHS in England to some of the largest systems in America, including HCA Healthcare and Mt. Sinai Health System. It is also doing work in the regulatory standards and compliance space, such as with The Joint Commission to optimize healthcare and accreditation data.