Houston-based Memorial Hermann Health System has joined Laudio’s Series B financing round as a strategic investor. The AI-enabled healthcare management platform offers recommendations on engaging with teams to reduce employee burnout and turnover, while also automating repetitive tasks for more efficient operations. Memorial Hermann is committed to using innovative digital tools to support system-wide improvements and engage employees, especially given the challenges of recent years.
In 2019, Laudio raised $7.3 million in Series A funding to expand its platform. Since then, the company has partnered with several healthcare organizations such as Tufts Medical Center, Novant Health, UNC Health, Northwell Health and Nebraska Medicine. These partnerships reflect the growing demand for innovative technologies and platforms in the healthcare industry that support both healthcare providers and patients.
Other companies in the healthcare industry are also making waves in this area. Practice Better, a platform for health and wellness practitioners, secured a $27 million growth investment in April. As technology continues to shape the healthcare landscape, these investments demonstrate the need for digital solutions that improve patient care and support healthcare workers’ wellbeing.