AssistIQ provides a platform that utilizes computer vision and machine learning to track supply and implant usage in real-time within operating rooms, eliminating the need for barcodes or special hardware. This technology reduces waste and costs by up to 25% while improving charge capture accuracy to 98%, all without impacting patient care.
Funding
$4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Operating rooms often face challenges in accurately tracking supply and implant usage, leading to revenue leakage, increased waste, and inefficient inventory management. Traditional tracking methods relying on manual documentation, barcodes, or RFID can be cumbersome, error-prone, and disruptive to clinical workflows. This lack of real-time visibility hinders cost optimization and sustainable practices within healthcare systems.
Solution
AssistIQ offers a computer vision and machine learning platform that automatically tracks supply and implant usage in operating rooms without requiring barcodes, RFID tags, or specialized hardware. The AIQ Capture technology identifies and records items as they are used, integrating with the AIQ Supply Cloud database to recognize a wide range of products, including substitutes and trunk stock. By providing real-time visibility into supply consumption, AssistIQ enables healthcare providers to improve charge capture accuracy, reduce waste, and optimize inventory levels. The platform integrates with existing EHR and ERP systems to provide actionable insights for perioperative, supply chain, and finance teams.
Target Audience
AssistIQ primarily targets hospitals, surgical centers, and other healthcare providers seeking to improve supply chain efficiency, reduce costs, and enhance revenue capture in operating room settings.
Features
- Computer vision-based tracking of supplies and implants in real-time
- AIQ Supply Cloud database that recognizes a wide range of products, including substitutes and trunk stock
- Seamless integration with existing EHR and ERP systems
- Actionable insights for perioperative, supply chain, and finance teams
- Charge capture accuracy of up to 98%
- Reduction in clinical documentation time by up to 15 minutes per case
- Cost savings of up to 25%