Houston-based Memorial Hermann Health System has joined the Series B funding round for healthcare management platform Laudio as a strategic investor. Additionally, the system plans to implement Laudio’s administrative workflows to improve employee efficiency and engagement.
The AI-enabled platform provided by Laudio 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.
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.
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. In July, Laudio also announced partnerships with Northwell Health and Nebraska Medicine. Other companies in the healthcare industry are also making waves in the industry. Canada-based Practice Better secured a $27 million growth investment in April. These investments reflect the growing demand for innovative technologies and platforms to support the healthcare industry and its employees.
Laudio’s platform has been designed specifically to meet the needs of healthcare organizations like Memorial Hermann Health System by providing practical solutions that streamline workflows while keeping patients at the center of care delivery. With this partnership in place, Memorial Hermann can leverage Laudio’s expertise in healthcare management to drive operational efficiencies and improve patient outcomes.
The investment made by Memorial Hermann is significant as it marks a continued commitment by leading organizations like Memorial Hermann towards digital transformation within their operations. By implementing Laudio’s administrative workflows, they hope to enhance employee productivity while reducing burnout rates.
Overall, this partnership between two major players in their respective fields underscores the growing demand for innovative digital solutions that can help organizations navigate complex challenges facing them today.
“We are thrilled about this opportunity to partner with such an esteemed organization like Memorial Hermann,” said Michael Aragonza, CEO of Laudio.”Our goal is to provide practical solutions that help healthcare providers deliver quality care more efficiently and effectively.”