Hospital IQ
Founded Year
2013Stage
Acquired | AcquiredTotal Raised
$48.93MAbout Hospital IQ
Hospital IQ is a web-based analytics platform that develops operations management software. Its software combines artificial intelligence, workflow automation and communication technology, advanced data consultancy, and insights, machine learning and simulation technology. It offers services to hospitals and health systems. Hospital IQ was formerly known as Patient Route Systems. The company was founded in 2013 and is based in Newtown, Massachusetts. In January 2023, Hospital IQ was acquired by LeanTaaS. The terms of the transaction were not disclosed.
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Hospital IQ's Product Videos
Hospital IQ's Products & Differentiators
Enterprise
Hospital IQ partners with health systems to achieve and sustain their growth goals through proven, technology-enabled optimization strategies. Dedicated client outcomes advisors work to evaluate growth opportunities and create customized roadmaps to ensure they are achieved. Health systems adopting Hospital IQ’s Enterprise solution can deploy the technology to support the following use cases: Visibility to staffed beds (quantity, availability, type) across their network Intelligent transfer routing Standardizing services (e.g. discharge the same way at every facility) Centralizing services (e.g. centralized management of discharges across all facilities)
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Research containing Hospital IQ
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Hospital IQ in 2 CB Insights research briefs, most recently on Dec 5, 2023.
Expert Collections containing Hospital IQ
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hospital IQ is included in 3 Expert Collections, including Digital Health.
Digital Health
11,305 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Digital Health 50
150 items
2022's cohort of the most promising digital health startups transforming the healthcare industry. Winners were chosen based on several factors, including data submitted by the companies, proprietary Mosaic scores, company business models and momentum in the market.
Artificial Intelligence
7,221 items
Hospital IQ Patents
Hospital IQ has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/12/2016 | 12/26/2017 | Grant |
Application Date | 8/12/2016 |
|---|---|
Grant Date | 12/26/2017 |
Title | |
Related Topics | |
Status | Grant |
Latest Hospital IQ News
Mar 26, 2023
LeanTaaS acquires Hospital IQ The deal creates a $1 billion company focused on AI-powered hospital operations, helping clients address capacity management and healthcare staffing shortages. LeanTaaS on Tuesday announced its acquisition of Hospital IQ. Terms of the deal were not disclosed, but the two firms say by merging they’ll create a $1 billion enterprise focused on artificial intelligence-driven operations at more than 180 U.S. health systems. WHY IT MATTERS LeanTaaS provides predictive analytics to address capacity management and other operational needs for operating rooms and infusion centers in 150 health systems and 500 hospitals in 43 states. Hospital IQ, which has partnerships with multiple technology providers including Oracle Cerner, Altera Digital Health (formerly part of Allscripts) and Siemens Healthineers, provides workflow automation and workforce management. “We’re at a crucial tipping point where health systems across the nation are struggling with the lingering effects of COVID-19 and endemic staffing challenges,” said Steve Hess, chief information officer of UCHealth, in the announcement. UCHealth is a strategic partner and an early investor in LeanTaaS. “There’s certainly a market demand for these solutions, and I’m looking forward to seeing how the combined team will accelerate a new wave of AI-powered innovations to transform hospital operations,” said Hess. LeanTaaS and Hospital IQ say they can improve performance by driving improved patient access, staff satisfaction and revenue productivity across multiple departments. THE LARGER TREND Across the country hospitals are trying to figure out how to expand or optimize their spaces and processes in order to meet growing care demands.
Hospital IQ Frequently Asked Questions (FAQ)
When was Hospital IQ founded?
Hospital IQ was founded in 2013.
Where is Hospital IQ's headquarters?
Hospital IQ's headquarters is located at 55 Chapel Street, Newton.
What is Hospital IQ's latest funding round?
Hospital IQ's latest funding round is Acquired.
How much did Hospital IQ raise?
Hospital IQ raised a total of $48.93M.
Who are the investors of Hospital IQ?
Investors of Hospital IQ include LeanTaaS, Pierpoint Capital, Veradigm, Baxter Ventures, Health Velocity Capital and 4 more.
Who are Hospital IQ's competitors?
Competitors of Hospital IQ include Qventus and 6 more.
What products does Hospital IQ offer?
Hospital IQ's products include Enterprise and 2 more.
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Compare Hospital IQ to Competitors
LeanTaaS focuses on digital transformation for the healthcare sector, optimizing hospital and infusion center operations. The company's offerings include predictive and prescriptive analytics, machine learning, and generative AI solutions aimed at improving healthcare capacity and patient access, as well as minimizing wait times. LeanTaaS serves hospitals and ambulatory service providers, with a goal of improving operational processes and lowering healthcare delivery expenses. It was founded in 2010 and is based in Santa Clara, California.
Qventus focuses on healthcare operations automation in the healthcare industry. The company provides solutions that optimize operational processes, including operating room utilization and discharge planning, to improve efficiency and patient care. Qventus serves healthcare systems and hospitals, working to improve operational processes and patient flow in inpatient and perioperative settings. It was founded in 2012 and is based in Mountain View, California.
LiveData is a company focused on providing real-time operational intelligence and perioperative workflow solutions within the healthcare sector. The company offers a suite of products designed to optimize surgical scheduling, enhance patient safety, and improve operational efficiency by integrating with electronic health records. LiveData primarily serves the healthcare industry, with solutions tailored to hospitals, health systems, and surgical centers. It was founded in 1991 and is based in Cambridge, Massachusetts.
Plenful specializes in workflow automation for the pharmacy and healthcare sectors. The company offers a platform that automates administrative tasks and maximizes operational productivity and revenue capture for healthcare organizations. Plenful's solutions cater to a range of healthcare providers, including health systems, pharmacies, and provider groups. It was founded in 2021 and is based in San Francisco, California.
Copient Health is a healthcare technology company focused on improving operating room (OR) scheduling efficiency within the healthcare sector. The company offers solutions that utilize machine learning to identify and reclaim unused OR time, distribute collected time slots to physicians, and provide analytics for better management and decision-making. Copient Health primarily serves hospitals and surgery centers seeking to enhance their OR utilization and scheduling processes. It was founded in 2019 and is based in Atlanta, Georgia.
Wuru is a company that provides technology solutions for healthcare processes. Its offerings include tools for surgical scheduling and predictive analytics aimed at assisting healthcare professionals and institutions. It was founded in 2021 and is based in Vicente Lopez, Argentina.
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