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Cardinal Health teams up with Palantir to deliver a clinically integrated supply chain solution

The platform will combine and analyze datasets for live customer purchasing decisions.
Sandra Levy
Senior Editor
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Cardinal Health is joining forces with Palantir, a builder of operating systems for the modern enterprise, to design a solution that Cardinal said will give health systems and hospitals dynamic purchase decision insights.

The Cardinal Health solution, which will be integrated into Foundry, Palantir's operating system, will deploy artificial intelligence and machine learning to bring together diagnosis and clinical data with real-time customer purchasing and consumption data for pharmaceutical products with data and privacy protections.

Future iterations of the tool are expected to help inform purchasing decisions for therapeutic utilization, reimbursement insights and predictive drug inventory needs. This will help further improve the connection between health system purchasing and supply chain support, the company said.

[Read more: Cardinal Health posts revenue growth in Q1]

"We are taking a proactive role in pharmaceutical decision support to provide support to our customers as they continue to manage rising drug expenses, supply chain volatility and continued drug shortages," said Peter Siavelis, senior vice president and general manager of Health System and Provider Distribution and Services at Cardinal Health. "By utilizing Palantir's platform, we are working to reshape the pharmaceutical supply chain with innovative processes, products and solutions to improve access to critical medications and streamline pharmacy inventory management."

As hospitals balance increases in drug expenses due to the growth of specialty therapies and biosimilars, health systems are struggling to right-size pharmacy inventory together with constantly evolving payer formulary updates. Cardinal Health's data-driven solution will mitigate some of these challenges by analyzing real-time clinical and purchasing data to create a clinically integrated supply chain for pharmaceuticals, the company said.

[Read more: Cardinal Health's Outcomes platform chosen by Transaction Data Systems]

"Our partnership with Cardinal Health further shows our commitment to improve patient outcomes across the full healthcare value chain and Palantir's ability to create resilience within the complex challenges of supply chain uncertainty," said Palantir chief operating officer Shyam Sankar.  "We're excited to work with Cardinal Health to achieve their mission-critical objective of expanding access to the medications patients need, by utilizing the software built to handle the toughest problems."