Sep 18, 2024

LeanTaaS Races Towards $150 Million in Annual Contract Value, Cementing its Market Leadership LeanTaaS, Inc. , the market leader in providing AI-powered and cloud-based capacity management, staffing, and patient flow software and services for health systems, today announced it’s approaching $150 million in annual contract value (ACV), while maintaining a consistent 30%+ annual growth rate over the past three years. By achieving this significant financial milestone, LeanTaaS continues to demonstrate its commitment to sustainable and long-term growth while positioning itself as the leading partner for capacity optimization. Nearly 200 health systems across more than 1,200 hospitals and centers rely on LeanTaaS for AI-powered capacity optimization, with ~60% of customers on Epic’s EHR and ~30% on Oracle Cerner’s EHR. The company has achieved significant scale across all three of its products: “Financial constraints, staffing shortages, and increased patient demand have made capacity optimization increasingly critical for hospitals and health systems,” said Mohan Giridharadas, Founder and CEO of LeanTaaS,  during a conversation at the New York Stock Exchange (NYSE) . “AI-enabled operations software is no longer a luxury, but a requirement to do more with less. We’ve been focused on this problem for over a decade, powered by our amazing team that continues to propel us to new heights. Nearing the $150 million ACV mark is validation of the increasing demand for our solutions and services, and the strength of our customer partnerships.” As an AI-first company since its inception in 2010, this milestone demonstrates the need for technology-driven capacity management solutions that deliver ROI, reduce manual burdens, and optimize existing assets, especially with increasingly limited healthcare staff and resources. Many of the largest and most innovative health systems in the country rely on LeanTaaS to optimize capacity, resources, and staff, including  new partners like Providence . Nearly 70% of the top 22 hospitals in the 2023-2024 U.S. News and World Report Honor Roll use one or more iQueue solutions to power their operations. Earlier this year,  KLAS Research recognized LeanTaaS  as the only fully rated and top solution provider in Capacity Optimization, with 100% customer satisfaction. Leveraging LeanTaaS’ unique combination of AI-powered insights and transformation services, LeanTaaS helps hospitals improve EBITDA by up to 5% by improving overall asset utilization, and KPI improvement including: 30-50 more cases per OR per year, 7% staffed room utilization increase, and a 5% block utilization increase in operating rooms 30% lower patient wait times, 50% less staff overtime, and 15% patient volume growth in infusion centers 3% increase in patient admissions, 10% more discharges per day, and 40% reduction in core staff floating in inpatient areas, coupled with a 10%+ length of stay reduction and 40% reduction in ED board time Recently, the company launched  iQueue Autopilot , a first-of-its-kind, generative AI solution for hospital operations, which will be made available to customers  by the end of the year . It provides health system leaders and staff with always-on, expert support to guide decision-making for patient flow, scheduling, command center, block management, staffing, and other capacity management use cases. MCIF News