LeanTaas, a US-based healthcare management platform backed by claims and productivity management software provider Sedgwick Claims Management Services, received $26m from venture capital firm Insight Venture Partners on Tuesday.
Founded in 2010, LeanTaas has developed a cloud-based healthcare management platform that integrates with care providers’ electronic health record systems. More than 40 organisations in the US are currently using the software.
The platform uses predictive analytics to optimise scheduling and the use of assets such as operating rooms, inpatient beds and diagnostic imaging equipment in order to reduce patient wait times and increase access.
The investment, which represents series B funding, will be used for the continued development of the product.
LeanTaas raised $9m from four undisclosed investors in July 2016, according to a securities filing, after securing $3m in a 2015 round led by Sedgwick.
The company had previously received $750,000 in equity funding in 2010 and $525,000 in convertible note financing in 2012, according to regulatory filings.
Mohan Giridharadas, CEO of LeanTaas, said: “We are privileged to work with many of the leading health systems in the country to demonstrate the impact of combining lean principles, predictive analytics and scalable software to drive significant improvements in operational performance and asset utilisation.
“This investment from Insight Venture Partners is a strong validation of our approach and will enable us to dramatically accelerate our growth over the coming years.”