# Hospital IQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hospital-iq

- Industry: Software
- Headquarters: Newton, US
- Website: http://www.hospiq.com
- Total disclosed funding: $25M
- Latest round: Series C (Jun 28, 2021)
- Investors on record: 4

## About

Established in 2013 by CEO Rich Krueger and based in Massachusetts, the US, Hospital IQ, Inc., offers an operational management software platform that uses artificial intelligence to anticipate and direct actions that supports hospital leaders and front-line managers to create and sustain operational excellence. The company’s customers include multiple hospitals such as University hospitals, Sarasota Memorial Hospital, and Health First among others. As of 2021, the company’s platform is used by over 78,000 users from various hospitals across the US, and staffs over 38 employees. The company has a total of 4 funding rounds included the June 2021 Series B funding from Pierpoint Capital, Health Velocity Capital, Baxter Ventures, and Allscripts.

The Hospital IQ cloud-based software platform uses business data to deliver turnkey machine learning-based AI solutions for sustainable operational improvements. The platform offers automatic system-wide data ingestion, external data source ingestion, and automated HER data integration. Hospital IQ’s platform harmonizes operational and clinical systems through industry-standard methods and normalizes data at scale; thereby integrating data from government agencies, weather services, and industry sources. Additionally, the company also provides advanced analytics including advanced modeling techniques with IBM Watson integration. 

The company’s solutions included enterprise solutions that deliver real-time AI-enabled digital experience and situation awareness, perioperative solutions that apply system-specific policies, machine-learning, optimization algorithms, and forecast to enable better OR usage and staff optimization. Additionally, the company’s solutions include Staffing, Inpatient, and Infusion to increase the infusion resources, reduce patient wait times, and streamline patient throughput.

Hospital IQ, Inc. will use the June 2021 funding 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.

## Funding rounds

- Series C, Jun 28, 2021, $25M — Allscripts Healthcare, LLC, Baxter Ventures, Pierpoint Capital, Health Velocity Capital

## Investors

- Allscripts Healthcare, LLC — Series C
- Baxter Ventures (https://capitalatlas.ai/funds/baxter-ventures) — Series C
- Pierpoint Capital (https://capitalatlas.ai/funds/pierpoint-capital) — Series C
- Health Velocity Capital (https://capitalatlas.ai/funds/health-velocity-capital) — Series C