BigBear.ai Expands Partnership with Thomas Jefferson University Hospital

COLUMBIA, Md., Oct. 31, 2023 (GLOBE NEWSWIRE) -- (NYSE: BBAI), a leading provider of AI-powered business intelligence solutions, today announced that Thomas Jefferson University Hospital is expanding its use of BigBear.ai’s AI platform to make day-to-day operations improvements to centralized resource and bed management, nurse staffing, and its transfer center.

BigBear.ai’s FutureFlow RX Predictive AI platform allows hospitals to create ‘digital twins.’ Hospitals can then apply likely future operational scenarios to their digital twins, seeing how the digital twin hospital responds to myriad stresses. This predictive knowledge empowers hospitals to plan and execute more efficiently and effectively.

“BigBear.ai is thrilled to expand its work with Thomas Jefferson University Hospital,” said Greg Goldwater, Chief Growth Officer at BigBear.ai. “Because BigBear’s Predictive AI platform can effectively predict the future through event simulation, it’s a game-changer for hospital systems looking to roll out strategic growth plans. We look forward to our next phase of collaboration that will ultimately drive better patient care and outcomes.”

During a long-term strategic planning exercise with Thomas Jefferson University Hospital, Future Flow RX tested likely upstream and downstream outcomes based on predicted hospital volume growth and demand shifts. As a result, Jefferson was then able to optimize its master facility plan to meet future patient needs best.

About BigBear.ai

BigBear.ai’s mission is to deliver clarity for the world’s most complex decisions. BigBear.ai’s AI-powered decision intelligence solutions are leveraged in three core markets: global supply chains & logistics, autonomous systems, and cybersecurity. BigBear.ai’s customers, which include the US Intelligence Community, the Department of Defense, the US Federal Government, as well as complex manufacturing, distribution, and healthcare, all rely on BigBear.ai’s solutions to empower leaders to decide on the best possible scenario by creating order from complex data, identifying blind spots, and building predictive outcomes. Headquartered in Columbia, Maryland, BigBear.ai is a global, public company traded on the NYSE under the symbol BBAI.

For more information, visit and follow BigBear.ai on Twitter: .

Contacts

BigBear.ai

Ryan Stenger

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is outlined in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at . The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise, except as required by law.