Memorial Hermann Health System, a leading healthcare provider in Houston, has joined Laudio’s Series B funding round as a strategic investor. The AI-enabled platform offered by Laudio provides healthcare management personnel with recommendations on how to engage with their teams to reduce burnout and employee turnover. Additionally, it automates repetitive tasks to improve operational efficiency 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.
Laudio raised $7.3 million in Series A funding in 2019 and has since expanded its platform through partnerships with Tufts Medical Center, Novant Health, UNC Health, Northwell Health, and Nebraska Medicine. Other companies in the healthcare industry, such as Canada-based Practice Better, are also making waves by securing significant investments like the $27 million growth investment received in April. These investments reflect the growing demand for innovative technologies and platforms to support the healthcare industry and its employees.