Verdande Technology Brings Case-Based Reasoning to Healthcare to Improve Patient Outcomes

HOUSTON -- (BUSINESS WIRE) -- Verdande Technology, a provider of real-time Case-Based Reasoning (CBR) technology, today announced its launch into the healthcare market. Based on the principle that similar problems have similar solutions, CBR helps physicians make real-time, evidence-based decisions both inside and outside of the operating room to improve patient outcomes.

In a time when healthcare is being redefined to focus on quality outcomes at lower costs, it is concerning that real-time, data-driven decisions are not an industry norm. Physicians simply do not have access to technology that can provide accurate, evidence-based information to make the smartest real-time decisions. CBR is changing that. Verdande Technology’s CBR-driven Edge platform identifies, captures and analyzes unstructured data patterns in real-time, using past events to proactively predict future problems and manage unexpected situations. As things change rapidly in a surgical setting, the Edge platform provides physicians with the suggested course of action based on past history and best known methods that have resulted in positive outcomes.

“No matter how prepared physicians may be before surgery, situations can change rapidly on the operating table,” said Neal Benedict, CEO, healthcare, Verdande Technology. “It’s hard to believe that physicians don’t have the absolute best data-backed decision support in the OR. The predictive analytics tools they do have are limiting, based on static data and often come back with several ‘what-if’ scenarios. How CBR is different is that it continuously analyzes real-time data streams to act as an early warning system. In the event that something goes wrong, it provides the physician with the best course of action to ensure a positive outcome. This is a game changer for the healthcare industry.”

CBR integrates easily into existing IT tools, optimizing legacy investments and providing low development impact and minimal implementation costs. And since CBR improves patient outcomes, it is easy to illustrate significant ROI as a result of shorter hospital stays, lower costs for prolonged patient care and fewer malpractice lawsuits.

“We got our start bringing CBR to the oil & gas industry where, much like healthcare, the second something goes wrong can mean life or death,” said Lars Elias Olrik, group CEO, Verdande Technology. “When a physician only has moments to act in the best interest of the patient, CBR is there with a definitive action based on what worked during similar cases in the past. And the most critical part is that it does it in real time. We have proven the value of CBR in oil & gas, we have proven it in financial services and we are working with a world-renowned hospital today to prove it in healthcare. It’s an exciting time and I look forward to witnessing how CBR will change patient outcomes for the better.”

About Verdande Technology

Verdande Technology AS was founded in 2004 and is headquartered in Trondheim, Norway, with regional offices in New York, Houston and Abu Dhabi. The company is privately funded.

Verdande Technology is the first provider of real-time Case-Based Reasoning (CBR) technology for oil & gas, financial services and healthcare organizations. The company’s Edge platform – based on the principle that similar problems have similar solutions – identifies, captures and analyzes data patterns in real-time, using past events to proactively predict future problems, rapidly diagnose and correct issues and continuously discover new potentially impacting events. Verdande Technology enables organizations to make smarter decisions with their massive amounts of data, empowering them with a searchable case library that gives them the foresight to mitigate risk. Learn more about Verdande Technology at www.verdandetechnology.com.