TAGNOS Company Profile

Background

Overview

Founded in 2010, TAGNOS is a healthcare technology company specializing in workflow orchestration solutions for hospital operations. The company's mission is to illuminate, automate, and orchestrate healthcare quality and efficiency, enabling clinical teams to focus more on patient care by streamlining operational processes. TAGNOS offers a suite of products designed to enhance patient flow in operating rooms (ORs) and emergency departments (EDs), as well as to optimize asset and supply management systems. By integrating real-time data from various hospital systems, TAGNOS provides actionable insights that improve operational efficiency and patient outcomes.

Key Strategic Focus

Core Objectives

• Workflow Optimization: Enhancing the efficiency of hospital operations by automating and orchestrating workflows in ORs, EDs, and asset management.

• Real-Time Data Integration: Utilizing real-time location systems (RTLS) and electronic health records (EHRs) to provide comprehensive situational awareness.

• Patient Experience Enhancement: Reducing wait times and improving patient satisfaction through efficient resource utilization and communication.

Primary Markets

TAGNOS primarily targets hospitals and healthcare systems seeking to improve operational efficiency and patient care quality. Its solutions are designed to address challenges in patient flow management, asset tracking, and staff coordination within complex healthcare environments.

Financials and Funding

Funding History

• March 2018: TAGNOS secured $5 million in funding from Benhamou Global Ventures, Morpheus Ventures, and Zebra Ventures.

• June 2018: Received an undisclosed investment from Cisco Investments through the Cisco Webex Innovation Fund.

• May 2020: Announced additional investments from Honeywell Ventures, further supporting the expansion and optimization of its analytics platform.

Revenue

As of 2023, TAGNOS reported an annual revenue of approximately $1.6 million.

Technological Platform and Innovation

Proprietary Technologies

• AI-Driven Analytics: TAGNOS employs artificial intelligence and machine learning algorithms to analyze data from EHRs, RTLS, and other hospital systems, providing predictive insights and real-time operational intelligence.

• Integration Capabilities: The platform seamlessly integrates with existing hospital IT infrastructures, including EHRs, computerized physician order entry (CPOE) systems, laboratory and radiology information systems, and admission-discharge-transfer (ADT) systems.

Significant Scientific Methods

• Real-Time Location Tracking: Utilizes RTLS to monitor the movement and status of patients, staff, and assets, enabling efficient resource allocation and workflow optimization.

• Predictive Analytics: Applies machine learning to historical and real-time data to forecast patient flow, identify potential bottlenecks, and recommend proactive interventions.

Leadership Team

• Sheila Minton: Appointed as President and Chief Executive Officer in April 2021. Minton brings over 15 years of experience in healthcare consulting, project management, and leadership.

• Erik Davidson: Serves as Chief Customer Officer, leading product management and focusing on empowering clinical care providers to achieve optimal patient satisfaction and care metrics.

• Jag Padala: Chief Technology Officer, overseeing the technological development and integration of TAGNOS solutions.

• Neeraj Bhavani: Founder and Director, instrumental in establishing TAGNOS and guiding its strategic direction.

Leadership Changes

In April 2021, TAGNOS announced the appointment of Sheila Minton as President and CEO, succeeding founder Neeraj Bhavani. This leadership transition marked a strategic move to drive the company's next phase of growth and innovation.

Competitor Profile

Market Insights and Dynamics

The healthcare workflow automation market is experiencing significant growth, driven by the increasing need for operational efficiency, cost reduction, and enhanced patient care. Hospitals and healthcare systems are investing in technologies that streamline processes, improve resource utilization, and provide real-time data insights.

Competitor Analysis

• CloudMedx: Offers AI-driven analytics solutions for healthcare providers, focusing on predictive insights and clinical decision support.

• ClosedLoop: Provides a healthcare data science platform that enables organizations to build and deploy predictive models for various clinical and operational use cases.

• Viz.ai: Specializes in AI-powered solutions for stroke detection and care coordination, enhancing the speed and accuracy of clinical decisions.

• GYANT: Develops AI-based virtual assistants for patient engagement, streamlining communication between patients and healthcare providers.

• Olio: Focuses on post-acute care coordination, providing a platform that connects healthcare providers with post-acute care facilities to improve patient outcomes.

These competitors offer various solutions aimed at improving healthcare operations through technology, each with a unique focus area.

Strategic Collaborations and Partnerships

TAGNOS has established significant partnerships to enhance its technological capabilities and market reach:

• Cisco Investments: In June 2018, TAGNOS received investment from Cisco through the Cisco Webex Innovation Fund, supporting the integration of TAGNOS solutions with Cisco's Webex Teams app for continuous teamwork.

• Zebra Technologies: Collaborated to develop the Proximity Monitoring Module, leveraging Zebra's MotionWorks devices to support social distancing and contact tracing efforts.