Palantir partners with R1 to launch AI lab for healthcare finance; shares up
ReutersMar 14, 2025 12:23 PM
Shares of data analytics firm Palantir Technologies PLTR.O rise 3.2% to $82.16 premarket
PLTR and management company R1 are partnering to launch R37, an AI lab to improve healthcare financial performance, the companies say
Lab will use AI to automate tasks in revenue-cycle operations such as coding, billing and denials management
Administrative costs account for more than 40% of U.S. hospital expenses, with $160 bln spent yearly on revenue-cycle management, companies say
R1 plans to deploy comprehensive AI-powered solutions to enterprise customers in H2 of 2025
Shares of Palantir more than quadrupled in 2024
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