LeanTaaS has acquired intelligent automation solutions provider Hospital IQ, creating an AI-powered hospital operations software provider valued at over $1bn.

For health systems, LeanTaaS provides AI-powered and SaaS-based capacity management and patient flow software.

The acquisition enables the combined company to power intelligent operations across more than 180+ health systems in the US.

LeanTaaS and Hospital IQ will solve issues in multiple departments, including the infusion suite, operating room, and inpatient units and jointly drive staff satisfaction, improved patient access, and revenue productivity.

LeanTaaS founder and CEO Mohan Giridharadas said: “The strategic combination of LeanTaaS and Hospital IQ unites the two best companies in hospital operations at a time of profound industry need.

“Every health system in the country has an urgent need to improve the utilisation of both staff and assets to improve patient access. By joining forces, we will be able to offer our customers an unparalleled platform for optimizing their operations and improving patient care.”

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By GlobalData

Across 150 health systems and 500 hospitals in 43 states, LeanTaaS has deployed its three products for infusion centres, ORs, and inpatient beds.

Hospital IQ has strengths in workflow automation for inpatient flow and surgery, workforce management to meet patient demand.

It also has partnerships with technology providers, including Altera Digital Health, Oracle Cerner, and Siemens Healthineers.

Hospital IQ CEO Rich Krueger said: “Significant clinical advancements are happening, and our combined company is poised to unlock similar operational achievements.

“We are excited to work alongside the LeanTaaS team as we continue to forge ahead on a joint mission to make a profound, positive impact on capacity, thus improving the staff and patient experience.”