Memorial Hermann Health System, a leading healthcare provider in Houston, has joined Laudio’s Series B funding round as a strategic investor. Laudio is an AI-enabled healthcare management platform that offers recommendations to healthcare personnel on how to engage with their teams and automate repetitive tasks to reduce burnout and employee turnover.
As part of the partnership, Memorial Hermann plans to implement Laudio’s administrative workflows to enhance employee efficiency and engagement. The company’s commitment to utilizing innovative digital tools reflects its efforts to improve system-wide operations and support employees, particularly in the face of recent challenges.
Laudio raised $13 million in Series B funding in 2021, with Dr. Feby Abraham, Executive Vice President and Chief Strategy Officer for Memorial Hermann expressing the organization’s enthusiasm for leveraging digital tools for system-wide improvements. In 2019, the company raised $7.3 million in Series A funding to expand its platform. Since then, it has formed partnerships with several other healthcare organizations such as Tufts Medical Center, Novant Health, UNC Health, Northwell Health and Nebraska Medicine.
Other companies in the healthcare industry are also making significant investments in innovative technologies and platforms to support the industry and its employees. For example, Canada-based Practice Better secured a $27 million growth investment in April 2021 for its platform designed for health and wellness practitioners. These investments highlight the growing demand for digital solutions that can streamline operations and improve patient outcomes while supporting employees’ well-being.