• Tue. Dec 5th, 2023

Memorial Hermann Health System and Laudio Join Forces to Enhance Frontline Leadership with AI Technology


Nov 21, 2023

Healthcare management platform Laudio has announced that Memorial Hermann Health System, based in Houston, has joined its Series B funding round as a strategic investor. Additionally, Memorial Hermann plans to implement Laudio’s administrative workflows to enhance employee efficiency and engagement.

Memorial Hermann Health System is the latest organization to recognize the value of Laudio’s AI-enabled platform, which provides healthcare management personnel recommendations on how to engage with their teams to reduce burnout and employee turnover. The platform also automates repetitive tasks, allowing for more efficient operations within healthcare systems.

The $13 million Series B funding raise was led by existing investors including TPG Capital and Great Point Partners. 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. These partnerships have allowed Laudio to grow its customer base and provide more comprehensive solutions for healthcare organizations across the country.

Other companies in the healthcare industry are also making waves in the market. Practice Better, a platform for health and wellness practitioners based in Canada, 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 as they strive to provide better care while facing increasing challenges such as workforce shortages and rising costs of care delivery.

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