LeanTaaS, a Silicon Valley healthcare software as a service (SaaS) provider, has completed its first institutional funding round of $3 million led by Sedgwick Claims Management Services, a specialist in claims and productivity management solutions.
Funding will be used to advance the product and go-to-market plans for the recently launched LeanTaaS iQueue Healthcare Suite as well as the creation of a ‘Labs’ division focused on advanced algorithms for risk analytics.
One of the biggest problems facing healthcare providers today is getting the most out of their resources. The root cause of the problem is the significant complexity in patient scheduling and managing available resources, said LeanTaaS.
LeanTaaS is applying lean practices and analytics to overcome this operational complexity. LeanTaaS iQueue uses patented mathematical models to create significantly better overall scheduling that results in higher asset utilization and patient volumes, and lower patient wait times and cost of services.
The company also announced the appointment of Sanjeev Agrawal, Google’s first head of product marketing, as president of the LeanTaaS Healthcare Division.
Mohan Giridharadas, CEO and founder of LeanTaaS, said: “Advanced data science and analytics are the game-changers in solving today’s most complex operational performance problems.
“Our healthcare business has grown 300 percent over the last two years because we are solving a core operations problem every hospital is facing: doing more with less, by optimizing the use of their existing infrastructure, people, equipment and resources.”
LeanTaaS, Mohan Giridharadas, US
