Cardinal Health (NYSE:CAH) announced that it entered into a strategic collaboration with Palantir Technologies (NYSE:PLTR).
The partnership pairs the companies to design a solution to give health systems and hospitals dynamic purchase decision insights. These insights help them quickly improve their bottom line.
Dublin, Ohio-based Cardinal Health plans to integrate this solution into Foundry, Palantir’s operating system. The companies intend to deploy AI and machine learning to bring together diagnosis and clinical data with real-time customer purchasing and consumption data for pharmaceutical products. They also expect to use future iterations to inform purchasing decisions for therapeutic utilization, reimbursement insights and predictive drug inventory needs.
According to a news release, the solution helps to improve the connection between health system purchasing and supply chain support.
“We are taking a proactive role in pharmace…