A Healthier Pharma Supply Chain

To improve their bottom line, many healthcare providers are applying supply chain know-how to healthcare decisions.

One example: Cardinal Health collaborated with Palantir Technologies to design a solution that provides health systems and hospitals with dynamic purchase decision insights. The solution uses artificial intelligence and machine learning to analyze real-time clinical and purchasing data, then creates a clinically integrated supply chain for pharmaceuticals.

The tools integrate with Foundry, Palantir’s operating system, and could help health systems right-size pharmacy inventory. The solution takes constantly evolving payer formulary updates into account, which should help ease the high costs associated with drug expense increases due to the growth of specialty therapies and biosimilars.

Future updates could help inform purchasing decisions for therapeutic utilization, reimbursement insights, and predictive drug inventory needs.