LeanTaaS Acquires Hospital IQ to Create AI Innovator for Hospital Operations Optimization | Nationwide Enterprise
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SANTA CLARA, Calif.–(BUSINESS WIRE)–Jan 10, 2023–
LeanTaaS, Inc., a Silicon Valley-based main supplier of AI-powered and SaaS-based capability administration and affected person stream software program for well being programs, at present introduced it has acquired Hospital IQ, a number one supplier of clever automation options for hospitals. The acquisition values the mixed firm at greater than $1 billion in enterprise worth and permits it to energy clever operations throughout greater than 180+ U.S. well being programs. Collectively, LeanTaaS and Hospital IQ will drive improved affected person entry, employees satisfaction, and income productiveness by fixing thorny points in a number of departments, together with the infusion suite, working room, and inpatient models, round capability administration and staffing shortages.
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“We’re thrilled to welcome Hospital IQ, an organization that shares our ardour and experience for operational optimization in healthcare. The strategic mixture of LeanTaaS and Hospital IQ unites the 2 greatest firms in hospital operations at a time of profound {industry} want,” stated Mohan Giridharadas, LeanTaaS founder and CEO. “Each well being system within the nation has an pressing want to enhance the utilization of each employees and property to enhance affected person entry. By becoming a member of forces, we can provide our clients an unparalleled platform for optimizing their operations and bettering affected person care.”
The transaction creates the most important AI-powered hospital operations software program supplier within the healthcare expertise {industry}. LeanTaaS has deployed its three market main merchandise (for ORs, Infusion Facilities, and Inpatient Beds) at scale throughout 150 well being programs and 500 hospitals in 43 states. Hospital IQ has complementary strengths in workflow automation for inpatient stream and surgical procedure, dynamic capability and workforce administration to fulfill affected person demand, and deep present partnerships with a number of expertise suppliers, together with Oracle Cerner, Altera Digital Well being (previously a part of Allscripts), and Siemens Healthineers.
“The mixture of LeanTaaS and Hospital IQ marks a pivotal second for the {industry}. Vital medical developments are occurring, and our mixed firm is poised to unlock comparable operational achievements,” stated Wealthy Krueger, CEO of Hospital IQ. “Our groups share the identical values — caring deeply about bettering healthcare entry, high quality, and effectivity for everybody. We’re excited to work alongside the LeanTaaS workforce as we proceed to forge forward on a joint mission to make a profound, optimistic impression on capability, thus bettering the employees and affected person expertise.”
“We’re at a vital tipping level the place well being programs throughout the nation are battling the lingering results of COVID-19 and endemic staffing challenges,” stated Steve Hess, chief info officer of UCHealth, which includes 12 acute-care full-service hospitals and greater than 150 clinics throughout Colorado, southern Wyoming, and western Nebraska. “As a strategic accomplice and an early investor in LeanTaaS, we’re proud to proceed to accomplice with LeanTaaS to deal with these industry-wide challenges head on all whereas gaining care enhancements and price efficiencies. There’s actually a market demand for these options, and I’m trying ahead to seeing how the mixed workforce will speed up a brand new wave of AI-powered improvements to remodel hospital operations.”
This transaction comes simply six months after LeanTaaS’ announcement of a big development funding by Bain Capital Personal Fairness, and after just lately being acknowledged as a prime 100 healthcare and life sciences firm on the Deloitte Know-how Quick 500™, additional representing LeanTaaS’ continued funding in innovation.
Kirkland & Ellis LLP served as authorized advisor on the transaction.
About LeanTaaS
LeanTaaS offers software program options that mix lean ideas, predictive and prescriptive analytics, and machine studying to remodel hospital and infusion heart operations. The corporate’s software program is being utilized by over 150 well being programs throughout the nation, which all depend on the iQueue cloud-based options to extend affected person entry, lower wait occasions, scale back healthcare supply prices, and enhance income. LeanTaaS is predicated in Santa Clara, California, and Charlotte, North Carolina. For extra details about LeanTaaS, please go to https://leantaas.com/, and join on Twitter, Fb and LinkedIn.
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CONTACT: LeanTaaS Media
Kate Soden
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: HEALTH TECHNOLOGY HOSPITALS HEALTH TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE
SOURCE: LeanTaaS, Inc.
Copyright Enterprise Wire 2023.
PUB: 01/10/2023 11:00 AM/DISC: 01/10/2023 11:01 AM
http://www.businesswire.com/information/residence/20230110005306/en
Copyright Enterprise Wire 2023.
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