The Palantir Healthcare Stat You Haven't Heard of

this one even surprised ME

Welcome back to DailyPalantir! On today’s newsletter we discuss a healthcare partnership you may have not heard about (and a VERY important stat around it), AIP updates in India, and a secret message posted by Palantir on their Twitter. Let’s get into it!

Recently, Palantir hosted a live event where various companies came to speak. One of those companies, surprise surprise, a healthcare company — Mount Sinai (one of the largest hospitals in New York) spoke.

Here’s a quote from their Senior VP of Clinical Operations:

We were able to shave 1.5 days off of their (patient) length of stay. and just to give you an idea of what that means for the hospital—we added 20 beds back on average every single month into the hospital without building any net-new beds. Right now we're tracking an annualized ROI of $1.5 million and just to give you a sense, that's one department — one small test of change, in one hospital. So, we're looking forward over the next couple of weeks to actually scale this work across the mount Sinai health system.

You can watch her discuss this here.

This was one of the most incredible quotes I’ve heard from someone who has used Palantir’s software in the healthcare space.

The reason for this is because how much ROI was created with how little change was done.

Hospitals are a business. They need to get more patients taken care of to make more money. The more beds they have open, the more patients they can provide care to, the more money they can generate.

In order to generate efficient revenue — they need to make sure they don’t have patients stuck in the hospital longer than they need to be there. Patients also hate being in the hospital for longer than needed, so solving this dual sided problem is mutually beneficial.

Palantir’s software around optimizing scheduling in ONE department in ONE hospital with ONE experimental change…led to $1.5M in ROI to this hospital.

Mount Sinai is a big healthcare network…

I’ll be going deeper over the next few months on Palantir’s healthcare moat, but I genuinely believe it can be on of the largest verticals for the company in 2024 and beyond. Mount Sinai was one of the first examples I’ve seen of tangible ROI with very little change that if applied at scale may lead to such substantial ROI that the increased premium they’d be paying for Palantir would be completely justified — enabling Palantir to show thousands of hospital networks around the world how valuable their software could be for their organizations.

Palantir’s Cryptic Messaging

Palantir posted some cryptic tweets, as seen below, yesterday.

The theme of the tweets are in the context of Human-Computer symbiosis — signaling some type of messaging Palantir has around humans becoming one with AI, pointing to (in my opinion) the inevitably of what AIP will become for enterprises.

Palantir is at the WEF Davos Summit this week where they are showcasing more of their ideas around AI. Alex Karp will be doing interviews as well, here are the tweets below:

AIP Bootcamps in India

AIP Bootcamps are continuing to scale — this time seeing them expand to India. Accenture, a Palantir consulting partner, worked with them to set up a bootcamp with over 100 attendees on experimenting with different products within AIP.

What’s unique about this bootcamp strategy is how it’s adaptable enough to expand internationally — a traditional sales strategy would never be able to get 100 people form India in one room discussing use cases for Palantir’s software.

A bootcamp implemented by partner consulting firms with a large presence internationally, Accenture being one of those, is where the core value proposition is of hosting these bootcamps and exposing Palantir’s product all around the world — if even one of these 100 attendees ends up buying AIP, at an average client price of $2.9M per year (this is assuming the exact same avg. price without adding any additional premium on top of it) the bootcamp would pay for itself and more — if the conversion is 5% off the 100 attendees…you get my point. Palantir is shooting their shot across the world and the product should be strong enough to have even a small conversion rate yield strong results.

I Interviewed Meet Kevin

MeetKevin is one of the largest finance media content creators with over 2M subscribers across his social platforms — he also has $40M under management for his ETF: $PP.

While his largest convictions are in Tesla, Enphase, and Nvidia — he recently added about 80K shares of Palantir.

Our interview will be coming out shortly, but he said was shocking in the sense that he believes most AI companies are either fake or just being propped up by the market as a “safe AI” place to park their money — like Microsoft — but don’t actually offer any core AI value.

We’ll be analyzing what he said soon on the newsletter.

Quote from the interview:

“They are the only profitable AI play, LLMs are a commodity, and Microsoft $MSFT copilot is fake AI. No one cares about Microsoft Word helping you type better, but enterprises need AI to make sense of data.”

That’s it for today — thank you for reading and I’ll see you tomorrow in your inbox!