View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 28, 2021

Hospital IQ secures funding to accelerate growth across all areas

Hospital IQ plans to use the funding to meet market demand for its software that optimises health system operations.

Predictive hospital operations and communications software provider Hospital IQ has secured $25m in Series C funding to accelerate growth across all areas of the company.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

The funding round has been led by Baxter International’s venture investment arm Baxter Ventures, and Health Velocity Capital, joining existing investors Pierpoint Capital and Allscripts.

Hospital IQ CEO Rich Krueger said: “We’ve worked hard to develop a solution that arms healthcare workers with the insight and foresight needed to get the most out of limited resources and maximise patient access.

“In this post-Covid era, providers are committed to digital transformation to meet today’s changing demands.

“Our platform has proven to be unmatched in its depth, adaptability and ability to drive quantifiable operational improvements for our customers and their patients.”

With this funding, Hospital IQ plans to meet market demand for its software, which optimises health system operations, and accelerate growth across product development, sales and marketing, and client services.

Additionally, the company will be able to spur collaboration with its existing Allscripts and Cerner partnerships and support new partnerships.

Hospital IQ also expects to grow the team by 50% by this year-end and by 100% in the next 12 months.

Baxter International Digital Transformation vice-president Jessica Hameline said: “The need to invest in care quality, patient access and cost containment has never been greater.

“We are proud to support Hospital IQ’s continued commitment to address this imperative with smart solutions that empower providers and enable health systems to operate optimally, all of which leads to better outcomes for patients.”

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hospital Management