Memorial Hermann Health System, based in Houston, has joined the Series B funding round for healthcare management platform Laudio as a strategic investor. 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.
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, such as Canada-based Practice Better, are also making waves in the industry. Practice Better, a platform for health and wellness practitioners, secured a $27 million growth investment in April. These investments reflect the growing demand for innovative technologies and platforms to support the healthcare industry and its employees.
Memorial Hermann Health System plans to implement Laudio’s administrative workflows to enhance employee efficiency and engagement. 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. With this investment from Memorial Hermann Health System, Laudio aims to continue expanding its reach across the US and provide even more value to its customers in the rapidly evolving healthcare landscape