LeanTaaS, a Santa Clara, Calif.-based healthcare and risk analytics platform provider, raised $3m in its first institutional funding round.
The round was led by Sedgwick Claims Management Services.
The company intends to use the funds to advance the product and go-to-market plans for its recently launched iQueue™ Healthcare suite as well as for the creation of a Labs division focused on advanced algorithms for risk analytics.
Led by Mohan Giridharadas, CEO and founder, LeanTaaS uses patented mathematical models to provide healthcare analytics products, which are used by healthcare institutions to optimize scheduling that results in higher asset utilization (e.g., surgery suites and doctors) and patient volumes, and lower patient wait times and cost of services.
Clients include hospitals and cancer centers, including Stanford Health Care, UCSF’s Helen Diller Family Comprehensive Cancer Center, University of Colorado Hospital, Wake Forest and others.
The company also announced the appointment of Sanjeev Agrawal, Google’s first head of product marketing, as president of the LeanTaaS Healthcare Division.