How Foundry for Builders Sparks Innovation in Healthcare
Palantir Foundry’s operational AI capabilties make it well-suited to a variety of industries and sectors. We’ve been particularly gratified by its power to transform the healthcare space, which is ripe for disruption due to legacy technology, high care costs, complex patient privacy laws, and difficult-to-navigate care options.
Foundry’s specific abilities to integrate data, analytics, and operations make it an ideal fit for the healthcare industry due to the sheer amount of healthcare data to wrangle and operationalize; the critical need to protect sensitive data; and the demand to surface vital health information at speed in centralized systems.
Companies and institutions large and small use Foundry; established ones, like the NIH in the US and the NHS in the UK, and smaller-scale, disruptive ones, through Palantir’s Foundry for Builders program. Foundry for Builders puts the power of Palantir into the hands of startups and early stage companies to help accelerate their growth, tackle their own missions, and build new products.
Revolutionizing patient care, discovery, and development
Here are four ways healthcare startups are leveraging Foundry to revolutionize the healthcare industry.
1) Foundry is helping healthcare startups build an integrated data platform and streamline their operations.
Today, startups are using Foundry to harmonize disparate datasets and create a common operational layer on top of that data, called the Foundry Ontology. The Ontology enables healthcare companies to unify, act, and rapidly build upon their data. It does so by helping organizations activate data science models and integrate collaborative decision-making.
Foodsmart, the largest telehealth network of registered dietitians in the country with a mission to make eating well affordable and simple, is leveraging the Foundry Ontology to empower data-driven interventions addressing food and nutrition insecurity for millions of Americans using clinical, SDOH, and open-source intelligence. In addition, Foundry’s robust security and access controls allow for Foodsmart’s many partners in healthcare to collaborate on a shared source of truth: building tools to optimize patient engagement, patient 360 views, and clinical/claims ROI modeling through the collective wisdom.
Other companies in the Foundry for Builders program are using Foundry to allow clinicians to schedule sessions, manage patient data, and ultimately provide better support to their customers.
2) Foundry enables healthcare organizations to innovate while keeping data safe.
Healthcare organizations are entrusted with the handling of highly sensitive data. Foundry enables healthcare organizations to spark insights and innovation rapidly while protecting data sensitivity.
Palantir has extensive experience helping our customers meet specific regulatory and industry requirements. Our software provides functionality that customers can configure and operate to meet data privacy requirements, including those arising from HIPAA.
Palantir’s Purpose-Based Access Control tool enables healthcare companies to build a trusted research environment. Additionally, thanks to granular access controls, clinicians using Foundry can also review specific clinical data through a personalized landing page without seeing other data in the platform they’re not authorized to view.
A biotechnology company focused on cellular rejuvenation programming uses Foundry to help power its research efforts in the areas of cell health and resilience — while protecting sensitive clinical data.
3) Foundry is shaping the healthcare industry by making it easier for patients to navigate a labyrinthian system of insurance and providers.
As the number of care providers explodes, so too does the complexity of gaining access to the right care.
Chapter, a Medicare advisory company, is using Palantir Foundry to manage data, run business operations, and accelerate the company’s mission to help more Americans enroll in the right Medicare plan.
“Foundry is critical to making sure that we have the best data, and the best data is important to making the best Medicare plan recommendations.”
— Cobi Blumenfeld-Gantz, CEO & Co-Founder of Chapter
Healthcare startups are also using Foundry to connect their back-office software systems and analytics teams directly with caregivers and patients, allowing for a value-based care alignment that matches the patients’ specific needs.
The mental healthcare space is particularly tricky to navigate due to high pricing, often less-than-comprehensive insurance coverage, and heavy demand.
Headway, a digital mental healthcare startup, is building the first asset-free national network of therapists who accept insurance, solving the critical issue of matching those in need with providers in their network. With Foundry, Headway is streamlining its internal operations and revenue cycle management in order to provide better services to patients and providers.
4) Healthcare startups are using Foundry to accelerate the rate of scientific discovery.
With real-time access to experimental findings and real-world evidence, healthcare companies using Foundry are performing novel statistical analyses, developing breakthrough insights, and collaborating in new ways across the scientific community.
Foundry for Builders customers are harmonizing disparate datasets collected by providers and are able to secure, integrate, generate, and analyze real-world evidence both internally and externally at speed.
Emyria, a clinical-stage biotech company in the Foundry for Builders program, is using Foundry as its core R&D platform. By making patient and clinical trial data more accessible to clinical and research teams, Emyria has seen its drug development timelines shorten.
“Palantir Foundry greatly improves our ability to secure, integrate, generate, and analyze our Real World Evidence…both internally and with our global partners — meaning we can deliver on our mission to develop new treatments and improve patient care, faster.”
— Sebastian Roth, Emyria Data Lead
With Foundry, data integration and research projects that could otherwise take months can now be completed in a matter of days. Foundry provides the connective tissue between specialized IT systems for biomedical data, helping researchers, providers, and patients stay in close contact with one another.
Big data solutions aren’t just for big companies
When resources are scarce and time-to-market is critical, growing businesses can’t afford to slow down due to a fractured data landscape.
As technology advances, healthcare capabilities need to advance with it. Healthcare companies, including startups in the Foundry for Builders program, can leverage Foundry to turn data into insights, operationalize those insights, and drive greater efficiencies in healthcare delivery.
To learn more about Palantir’s Foundry for Builders program, get in touch with us.
Four Ways Healthcare Startups Use Palantir Foundry was originally published in Palantir Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.