This article first appeared on GuruFocus.
OneMedNet (ONMD, Financials) has partnered with Palantir (PLTR, Financials) Technologies to strengthen its healthcare data platform using Palantir’s Artificial Intelligence Platform. The agreement connects Palantir’s AI tools with OneMedNet’s network, which spans more than 1,750 healthcare providers and includes over 5 billion claims and 131 million clinical exams.
The platform will deliver anonymized, compliant data to life sciences and research organizations, helping speed up medical studies and product development. OneMedNet CEO Aaron Green said Palantir’s system revolutionizes our ability to deliver high-quality, compliant data at remarkable speed.
Palantir’s Co-Head of Healthcare, Drew Goldstein, said the company is providing the infrastructure to accelerate the delivery of transformative healthcare solutions. The system will include conversational AI search and full integration with medical coding standards such as SNOMED and ICD-10.
Despite recent revenue declines, OneMedNet shares have risen more than 100% in six months, driven by a series of new partnerships and contract wins. The company is expanding into areas like data annotation, cancer research, and cardiovascular analytics to broaden its presence in healthcare data markets.