Hospital IQ Builds Upon Record Growth Year of Doubled Revenue as Intelligent Automation Proves Crucial for Healthcare
Adoption of Hospital IQ’s Operations Management Platform Continues to See Exponential Growth Among Health Systems as COVID Challenges Highlight Urgent Need for AI-Driven Predictive Technologies in Healthcare
NEWTON, Mass.–(BUSINESS WIRE)–#AI—Hospital IQ, the leading provider of predictive hospital operations software, has doubled down on its mission to solve operational inefficiencies for the U.S. healthcare system following a year of significant company growth and impactful innovations in the industry. Since 2020, Hospital IQ has grown its customer base by 50% garnering 14x adoption rates of its operations management platform among hospitals and health systems. This spike in demand-driven adoption among provider organizations has more than doubled the company’s revenue.
“There is a dire need to improve how healthcare providers operate in the 21st century, and all signs point to digital transformation,” said Rich Krueger, CEO and Founder, Hospital IQ. “We’ve seen firsthand how health systems benefit from adding efficiency and visibility into their daily operations, and we are honored to provide the technology these providers need to continue delivering high-quality care to the patient populations they serve.”
Further validated by the spike in adoption, Hospital IQ’s operations management platform has proved invaluable as provider organizations need to operate at peak efficiency across the enterprise as demand for care continues to rise. Using artificial intelligence (AI) to anticipate and direct actions, the platform enables health systems to achieve and sustain peak operational performance to improve patient access, clinical outcomes, and financial performance at a time when it’s needed most.
“As the healthcare environment continues to rapidly evolve, we must pivot to better meet the needs and expectations of those we serve as well as our own caregivers and healthcare providers,” said Patti Canitano, Division Director Patient Throughput at Florida health system, Health First. “Data transparency and proactive data-driven decision making needs to be at the forefront of everything we do. Hospital IQ provides the advanced digital solutions and services that are an integral part of the everyday experience of those we serve.”
The Latest Industry Partnerships and Collaborations
Over the past year or so, Hospital IQ developed new collaborations to achieve improved levels of performance excellence with multiple provider organizations including Hospital for Special Surgery (HSS), PIH Health, and Adventist Health. Hospital IQ also expanded its footprint across multiple hospitals including University Hospitals, Sarasota Memorial Hospital and Health First, driving peak operational performance to improve patient access, care delivery and staff productivity. In addition, Hospital IQ extended their partnership with MercyOne to better coordinate patient care placement through a state-wide transfer line across Iowa.
Strategic partnerships continue to be a focus for Hospital IQ as well, including the recently announced partnership with Cerner to support health systems with predictive analytics to improve clinical and operational awareness. Together Cerner and Hospital IQ have worked to bring broader situational awareness to multiple providers, delivering remote implementations across numerous health systems. Additionally, Hospital IQ saw continued growth with Allscripts Healthcare Solutions bringing higher levels of performance excellence across multiple provider organizations including Sunnybrook Health Sciences Centre, in Toronto, Canada.
To hear firsthand about the ways Hospital IQ is working with health systems to achieve peak operationally efficiency, interested individuals can attend their joint session at Becker’s Hospital Review 11th Annual Meeting: Health First Operational Leadership Panel “Enterprise-wide digital transformation enables new levels of performance excellence.”
About Hospital IQ
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. Hospital IQ’s cloud-based software platform combines advanced data analytics, machine learning and simulation technology with an easy-to-use, intuitive user interface to deliver optimized surgical resource alignment, patient flow, and staff scheduling capabilities. Hundreds of leading hospitals and health systems rely on Hospital IQ to help them make the right operational decisions the first time, every time. To learn more, visit www.hospiq.com.
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