Impressive quarter also included 50 percent annualized revenue growth, a book launch, and prestigious award wins propelling the company into the next phase of its strategic growth plan
LeanTaaS, Inc., a Silicon Valley software innovator that increases patient access and transforms operational performance for healthcare providers, today announced the close of an impressive Q3, marked by the signing of its 100th health system partner and record annualized revenue growth of 50 percent. Additionally, the company published the book, “Better Healthcare through Math” and has won multiple awards in 2020 including Healthcare’s Most Innovative Companies of 2020, CB Insights Digital Health Top 150, and was a finalist for UCSF’s 2020 Digital Health Award for Best New EHR Advance.
The U.S. excels in medical research, innovation, and clinical care, but its healthcare industry has failed to keep up with the growing operational challenges of the digital age. Health systems have invested millions in operating rooms, infusion chairs, MRI machines, and other expensive assets, but utilization of these assets is highly inefficient, resulting in long waiting times for patients, overstressed staff, persistent scheduling dilemmas, and poor ROI for the organization. LeanTaaS’ continued rapid growth and market penetration reflects increasing demand for analytics-driven, AI-based solutions that optimize how health systems use expensive, constrained resources to increase patient access to medical care.
“Despite the rapidly changing dynamics across healthcare coupled with a global pandemic that has significantly impacted our industry and put both financial and operational strain on hospitals and health systems, 2020 has been a pivotal year thus far for LeanTaaS,” said Mohan Giridharadas, founder and CEO of LeanTaaS. “As hospitals and health systems are continually put in a position to ‘do more with less’, they need a trusted partner with innovative solutions that can help improve their operational efficiencies and the quality of care they provide while making a significant impact on their bottom lines. Our recent momentum is a clear indicator that we have the solutions and can be that partner, and we are both excited and well-positioned to take the next step in our company’s growth.”
LeanTaaS’ solutions have now been deployed in more than 300 hospitals across the U.S., including five of the 10 largest health networks and 12 of the top 20 hospitals in the U.S., according to U.S. News & World Report. These hospitals use LeanTaaS’ iQueue platform to optimize capacity utilization in infusion centers and operating rooms. iQueue for Infusion is used by 7,500+ chairs across 300+ infusion centers including 70 percent of the National Comprehensive Cancer Network (NCCN) and more than 50 percent of National Cancer Institute (NCI) hospitals. iQueue for Operating Rooms is used by more than 1,750 ORs across 34 health systems to perform more surgical cases during business hours, increase competitiveness in the marketplace, and improve the patient experience.
“Healthcare has to evolve from making decisions based on “tribal rules set by committees” or gut feel supported by ad-hoc analytics. The data-driven approach iQueue uses to make predictions and prescribe the right actions is exactly what we need to increase patient access, improve the patient experience, and lower unit delivery costs,” said Dr. William Marx, Medical Director of Perioperative Services at SUNY Upstate Medical University.
Also in Q3, Giridharadas and Sanjeev Agrawal, LeanTaaS’ President and CMO, launched their book, “Better Healthcare Through Math: Bending The Access And Cost Curves”, as a valuable resource for hospitals and health systems to harness the power of sophisticated, analytics-driven mathematics to optimize the matching of supply and demand. The book is currently available in eBook format and will be available in hardcover and audiobook formats in November 2020.