BUZZ-Palantir partners with R1 to launch AI lab for healthcare finance; shares up

Reuters

2025/03/14

** 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

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

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