Laudio, a healthcare management platform, has announced that Memorial Hermann Health System has joined its Series B funding round as a strategic investor. The Houston-based health system will also implement Laudio’s administrative workflows to drive employee efficiency and engagement.
Memorial Hermann Health System has become a strategic investor in Laudio, which raised $13 million in its Series B funding round. The investment aligns with the health system’s focus on utilizing cutting-edge digital tools for system-wide improvements.
Laudio uses AI technology to provide recommendations to healthcare management personnel on how to engage with their teams in order to reduce burnout and employee turnover. Additionally, the platform automates repetitive work, allowing for greater efficiency in administrative tasks.
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 for the implementation of its offerings. In July, Laudio also announced partnerships with Northwell Health and Nebraska Medicine.