Hospital IQ, a Newton, Mass.-based provider of predictive hospital operations and communications software, secured $25m in Series C funding.
The round was led by Baxter Ventures, the venture investment arm of Baxter International Inc. (NYSE: BAX), and Health Velocity Capital, which joined existing investors Pierpoint Capital and Allscripts.
The company intends to use the funds to accelerate growth across all of its business areas, including product development, sales and marketing, and client services, and to spur further collaboration with its existing Allscripts and Cerner partnerships, as well as support new partnerships.
Led by Rich Krueger, CEO, Hospital IQ provides an operations management software platform that uses artificial intelligence to anticipate and direct actions, enabling health systems to achieve and sustain peak operational performance to improve patient access, clinical outcomes and financial performance. Its cloud-based software platform combines advanced data analytics, machine learning and simulation technology with an intuitive user interface to deliver optimized surgical resource alignment, patient flow, and staff scheduling capabilities.
FinSMEs
28/06/2021