Memorial Hermann Health System has joined Laudio’s Series B funding round as a strategic investor. The AI-enabled healthcare management platform offers recommendations on how to engage with teams to reduce burnout and employee turnover, while also automating repetitive tasks 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.
Laudio raised $7.3 million in Series A funding in 2019 to expand its platform, and has since announced 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 in the industry with 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.