Option Care Health Selects Palantir’s Artificial Intelligence Platform for Enterprise-Wide Digital Transformation
08 Janeiro 2024 - 9:00AM
Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI
systems, and Option Care Health Inc. (“Option Care Health”)
(NASDAQ: OPCH), the nation’s largest independent national provider
of home and alternate site infusion services, today announced a
multi-year commercial partnership for Palantir’s software to be
leveraged across the company to help improve patient outcomes and
increase efficiency.
Option Care Health expects to use Palantir’s Artificial
Intelligence Platform (AIP) across nurse scheduling, patient
onboarding, purchasing optimization, and supply chain execution,
among other potential use cases.
AIP enables organizations to bring the power of large-language
models, and other cutting-edge AI, to their enterprise networks,
private data, and core operations - with maximum security and
trust. The platform is designed to bring in siloed and disconnected
data sources, logic assets, and systems of action into a single
common operating picture, enabling users to optimize their
decision-making.
The company’s use of Palantir’s software is designed to help
optimize visits per day and increase patient face time with
clinicians, reduce administrative burden and help ensure stockage
of drugs and medical supplies while helping prevent
overstocking.
“We are excited to partner with one of the innovative leaders in
AI-powered software and leverage their platform and
expertise to enhance our intelligent technology ecosystem
focused on streamlining processes, enhancing our expertise,
improving the patient experience, and optimizing clinical
outcomes,” said John Rademacher, President & CEO
of Option Care Health. “I believe that utilizing
Palantir’s Foundry and AIP will allow us to innovate rapidly, build
on best practices and help ensure our approach to AI and Machine
Learning incorporates the strongest foundations and provides strong
protections and integrity for our stakeholders.”
Palantir has long worked with some of the world’s most important
organizations and has recently significantly grown its health care
operations. Palantir’s software is also used across a number of
government health organizations, including the National Institutes
of Health and the U.K.‘s National Health Service.
“Option Care Health is at the leading edge of deploying
artificial intelligence across the healthcare sector,” said Alex
Karp, co-founder and chief executive officer of Palantir
Technologies. “We are proud to support this effort, which builds on
our expanding presence in and commitment to the medical sector and
will expedite and improve services to patients across the
country.”
About Option Care Health Option Care Health is
the nation’s largest independent provider of home and alternate
site infusion services. With over 7,500 team members including more
than 4,500 clinicians, we work compassionately to elevate standards
of care for patients with acute and chronic conditions in all 50
states. Through our clinical leadership, expertise and national
scale, Option Care Health is reimagining the infusion care
experience for patients, customers and team members. To learn more,
please visit our website at OptionCareHealth.com.
About Palantir Technologies Inc.Foundational
software of tomorrow. Delivered today. Additional information is
available at https://www.palantir.com.
Forward-Looking StatementsThis press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements
may relate to, but are not limited to, as applicable, Palantir’s
expectations regarding the amount and the terms of the contract and
Option Care Health’s expectations regarding the expected benefits
of the Palantir software platforms and Option Care Health’s
expected use cases. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be
predicted or quantified. Forward-looking statements are based on
information available at the time those statements are made and
were based on current expectations as well as the beliefs and
assumptions of management as of that time with respect to future
events. These statements are subject to risks and uncertainties,
many of which involve factors or circumstances that are beyond the
parties’ control. These risks and uncertainties include Palantir’s
ability to meet the unique needs of Option Care Health and its
customers; the failure of Palantir’s platforms to satisfy Option
Care Health or perform as desired; the frequency or severity of any
software and implementation errors; the reliability of Palantir’s
platforms; Option Care Health’s ability to implement the Palantir
platforms in connection with its expected use cases; and Option
Care Health’s ability to modify or terminate the contract.
Additional information regarding these and other risks and
uncertainties is included in the respective filings Option Care
Health and Palantir make with the Securities and Exchange
Commission from time to time. Except as required by law, neither
Option Care Health nor Palantir undertakes any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
Contacts
Option Care HealthMike
Shapiromike.shapiro@optioncare.com
PalantirLisa Gordonmedia@palantir.com
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