LeanTaaS announced the acquisition of Hospital IQ on Tuesday. Terms of the deal were not disclosed, but the companies say the merger will create his billion-dollar company focused on artificial intelligence-driven operations in more than 180 U.S. health systems.
why it matters
LeanTaaS provides predictive analytics for capacity management and other operational needs of operating rooms and infusion centers in 150 healthcare systems and 500 hospitals in 43 states.
Partnering with multiple technology providers such as Oracle Cerner, Altera Digital Health (formerly part of Allscripts), and Siemens Healthineers, Hospital IQ delivers workflows.
Automation and workforce management.
UCHealth Chief Information Officer Steve Hess said in a statement: “We are very saddened that healthcare systems across the country are suffering from the lingering impact of COVID-19 and inherent staffing challenges. We are at a critical turning point.
UCHealth is a strategic partner and early investor in LeanTaaS.
“There is certainly market demand for these solutions, and we look forward to seeing how the integrated team will accelerate the new wave of AI-powered innovation that will transform hospital operations,” said Hess. says.
LeanTaaS and Hospital IQ say they can improve business performance by improving patient access, staff satisfaction, and revenue productivity across multiple departments.
the bigger trend
Hospitals across the country are trying to find ways to expand or optimize their spaces and processes to meet the growing demand for care.
AI-powered analytics and tools will enable healthcare systems to: Helps streamline common workflow challenges.
for example, queue management UCHealth using LeanTaaS inpatient bed tools saw 37% faster time to complete ICU transfers, 4% faster time to hospital, and 90% confidence in critical capacity decisions Improved.
Analytics help you analyze hospital-wide overviews for use by different staff and providers.
“Staff can quickly see capacity status from anywhere at any time. We also know which units are doing well in discharge and are falling behind and need more focused support from staff to reduce delays. You can see which units are good,” Hess said. Healthcare IT News 2021 years.
on record
“The strategic combination of LeanTaaS and Hospital IQ brings together two of the best companies in hospital operations at a time of acute need for the industry,” said Mohan Giridharadas, Founder and CEO of LeanTaaS, in a statement. says. “All healthcare systems in the country have an urgent need to improve utilization of both staff and assets in order to improve patient access.”
Andrea Fox is senior editor for Healthcare IT News.
Email: [email protected]
Healthcare IT News is a HIMSS publication.
