Laudio, an AI-enabled healthcare management platform, announced that Memorial Hermann Health System has joined its Series B funding round as a strategic investor. This investment marks a significant milestone for Laudio and underscores the growing demand for innovative digital tools in the healthcare industry.
Memorial Hermann, based in Houston, will implement Laudio’s administrative workflows to enhance employee efficiency and engagement. The platform provides healthcare management personnel with 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.
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. These partnerships demonstrate Laudio’s continued growth and success in providing innovative solutions for healthcare management personnel.
Other companies in the healthcare industry 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.
The addition of Memorial Hermann as a strategic investor marks a significant milestone for Laudio’s continued growth and success in providing innovative solutions for healthcare management personnel.