Laudio, a healthcare management platform, has announced that Memorial Hermann Health System has joined its Series B funding round as a strategic investor. The Houston-based health system will also implement Laudio’s administrative workflows to drive employee efficiency and engagement.
Using AI technology, Laudio’s platform provides recommendations to healthcare management personnel on how to engage with their teams in order to reduce burnout and employee turnover. Additionally, the platform automates repetitive work, allowing for greater efficiency in administrative tasks.
As part of the Series B raise of $13 million, Memorial Hermann Health System has become a strategic investor in Laudio. Dr. Feby Abraham, the executive vice president and chief strategy officer for Memorial Hermann, stated that the unique challenges of recent years have highlighted the need for innovation in employee engagement. The technology aligns with the health system’s focus on utilizing cutting-edge digital tools for system-wide improvements.
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 for the implementation of its offerings. In July, Laudio also announced partnerships with Northwell Health and Nebraska Medicine.
Another company in the healthcare management sector is Practice Better, a platform for health and wellness practitioners based in Canada. In April, the company scored a $27 million growth investment.