Memorial Hermann Health System, based in Houston, has joined Laudio’s Series B funding round as a strategic investor. The AI-enabled healthcare management platform provides recommendations on how to engage with teams to reduce burnout and employee turnover, while also automating repetitive tasks for more efficient operations.
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. In 2019, Laudio raised $7.3 million in Series A funding to expand its platform and announced partnerships with Tufts Medical Center, Novant Health, and UNC Health. In July, the company also announced partnerships with Northwell Health and Nebraska Medicine. Other companies in the healthcare industry are making waves as well, such as Canada-based Practice Better which 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.