Healthcare management platform Laudio has recently announced that Memorial Hermann Health System, a leading healthcare provider based in Houston, has joined its Series B funding round as a strategic investor. In addition to the investment, Memorial Hermann also plans to implement Laudio’s administrative workflows to enhance employee efficiency and engagement.
Laudio offers AI-enabled recommendations on how healthcare management personnel can engage with their teams to reduce burnout and employee turnover. The platform also automates repetitive tasks, allowing for more efficient operations within healthcare systems. This technology is particularly valuable given the unique challenges faced by healthcare organizations in recent years.
Memorial Hermann Health System’s commitment to utilizing innovative digital tools reflects its ongoing efforts to support system-wide improvements and further engage its employees. In 2019, Laudio raised $7.3 million in Series A funding to expand its platform and partnered with Tufts Medical Center, Novant Health, and UNC Health. More recently, the company announced partnerships with Northwell Health and Nebraska Medicine in July.
Other companies in the healthcare industry are also making waves with investments in innovative technologies and platforms. Practice Better, a Canadian-based platform for health and wellness practitioners, secured a $27 million growth investment in April this year. These investments reflect the growing demand for digital solutions that support the healthcare industry and its employees as they continue to navigate these challenging times.