Healthcare management platform Laudio has announced that Memorial Hermann Health System, based in Houston, has joined its Series B funding round as a strategic investor. Additionally, Memorial Hermann plans to implement Laudio’s administrative workflows to enhance employee efficiency and engagement.
The AI-enabled platform provided by Laudio offers healthcare management personnel recommendations on how to engage with their teams to reduce burnout and employee turnover. It also automates repetitive tasks, allowing for more efficient operations within healthcare systems.
Memorial Hermann Health System also became a strategic investor in Laudio, joining the $13 million Series B funding raise. Dr. Feby Abraham, Executive Vice President and Chief Strategy Officer for Memorial Hermann, expressed the organization’s commitment to utilizing innovative digital tools to support system-wide improvements and further engage their employees, particularly given the unique challenges in recent years.
In 2019, Laudio raised $7.3 million in Series A funding to expand its platform. Two years later, the company announced partnerships with Tufts Medical Center, Novant Health, and UNC Health. In July, Laudio also announced partnerships with Northwell Health and Nebraska Medicine.
Other companies in the healthcare industry are also making waves with investments in innovative technologies and platforms such as Practice Better which secured a $27 million growth investment in April 2021. These investments reflect the growing demand for new tools and solutions that can support the healthcare industry and its employees as they navigate through these challenging times