Memorial Hermann Health System, a leading healthcare provider in Houston, has invested $13 million in Laudio’s Series B funding round. The investment comes as the hospital system seeks to improve employee efficiency and engagement through the implementation of Laudio’s administrative workflows.
Laudio’s AI-enabled platform 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. This partnership will allow Memorial Hermann to leverage Laudio’s technology and expertise to enhance its operational processes and support its employees.
“Memorial Hermann is committed to utilizing innovative digital tools to support system-wide improvements and further engage our employees,” said Dr. Feby Abraham, Executive Vice President and Chief Strategy Officer for Memorial Hermann. “We are excited about this partnership with Laudio and look forward to implementing their technology within our organization.”
Laudio raised $7.3 million in Series A funding in 2019, which allowed the company to expand its platform. In recent years, the company has formed partnerships with several other healthcare providers, including Tufts Medical Center, Novant Health, UNC Health, Northwell Health, and Nebraska Medicine.
The growing demand for innovative technologies and platforms in the healthcare industry is reflected by other companies such as Practice Better securing a $27 million growth investment in April 2021. Practice Better is a platform for health and wellness practitioners that aims to improve patient outcomes through better communication between patients and healthcare providers.
The partnership between Memorial Hermann Health System and Laudio is expected to result in improved efficiency, enhanced patient care, and increased job satisfaction among employees.
In conclusion, the collaboration between these two companies will enable Memorial Hermann Health System to leverage technology and expertise from Laudio to streamline their administrative workflows while enhancing employee engagement and reducing burnout rates.