LeanTaaS Races Towards $150 Million in Annual Contract Value, Cementing its Market Leadership
14 Agosto 2024 - 1:25PM
Business Wire
Notable financial achievement makes the
AI-powered hospital operations leader one of the largest, fastest
growing healthcare AI companies
LeanTaaS, Inc., the market leader in providing AI-powered and
cloud-based capacity management, staffing, and patient flow
software and services for health systems, today announced it’s
approaching $150 million in annual contract value (ACV), while
maintaining a consistent 30%+ annual growth rate over the past
three years. By achieving this significant financial milestone,
LeanTaaS continues to demonstrate its commitment to sustainable and
long-term growth while positioning itself as the leading partner
for capacity optimization.
Nearly 200 health systems across more than 1,200 hospitals and
centers rely on LeanTaaS for AI-powered capacity optimization, with
~60% of customers on Epic's EHR and ~30% on Oracle Cerner's EHR.
The company has achieved significant scale across all three of its
products:
- iQueue for Operating Rooms, now serving 5,600+ operating
rooms
- iQueue for Infusion Centers, now serving 14,500+ infusion
chairs
- iQueue for Inpatient Flow, now serving 23,000+ inpatient
beds
“Financial constraints, staffing shortages, and increased
patient demand have made capacity optimization increasingly
critical for hospitals and health systems,” said Mohan
Giridharadas, Founder and CEO of LeanTaaS, during a conversation at
the New York Stock Exchange (NYSE). “AI-enabled operations software
is no longer a luxury, but a requirement to do more with less.
We’ve been focused on this problem for over a decade, powered by
our amazing team that continues to propel us to new heights.
Nearing the $150 million ACV mark is validation of the increasing
demand for our solutions and services, and the strength of our
customer partnerships.”
As an AI-first company since its inception in 2010, this
milestone demonstrates the need for technology-driven capacity
management solutions that deliver ROI, reduce manual burdens, and
optimize existing assets, especially with increasingly limited
healthcare staff and resources. Many of the largest and most
innovative health systems in the country rely on LeanTaaS to
optimize capacity, resources, and staff, including new partners
like Providence. Nearly 70% of the top 22 hospitals in the
2023-2024 U.S. News and World Report Honor Roll use one or more
iQueue solutions to power their operations. Earlier this year, KLAS
Research recognized LeanTaaS as the only fully rated and top
solution provider in Capacity Optimization, with 100% customer
satisfaction.
Leveraging LeanTaaS’ unique combination of AI-powered insights
and transformation services, LeanTaaS helps hospitals improve
EBITDA by up to 5% by improving overall asset utilization, and KPI
improvement including:
- 30-50 more cases per OR per year, 7% staffed room utilization
increase, and a 5% block utilization increase in operating
rooms
- 30% lower patient wait times, 50% less staff overtime, and 15%
patient volume growth in infusion centers
- 3% increase in patient admissions, 10% more discharges per day,
and 40% reduction in core staff floating in inpatient areas,
coupled with a 10%+ length of stay reduction and 40% reduction in
ED board time
Recently, the company launched iQueue Autopilot, a
first-of-its-kind, generative AI solution for hospital operations,
which will be made available to customers by the end of the year.
It provides health system leaders and staff with always-on, expert
support to guide decision-making for patient flow, scheduling,
command center, block management, staffing, and other capacity
management use cases.
About LeanTaaS
LeanTaaS transforms hospital and infusion center operations
through software and services that combine lean principles,
predictive and prescriptive analytics, and machine learning. The
company’s software and services are being used by 190+ health
systems in 1,200+ hospitals and centers across the nation, which
rely on the iQueue cloud-based solutions to increase patient
access, decrease wait times, reduce healthcare delivery costs, and
improve revenue. LeanTaaS is headquartered in Santa Clara, CA with
an office in Charlotte, NC. For more information about LeanTaaS,
please visit https://leantaas.com/, and connect on LinkedIn and
X.
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version on businesswire.com: https://www.businesswire.com/news/home/20240814354788/en/
Media: Kate Soden leantaas@pancomm.com