Laudio Announces $13 Million Series B for its AI Solution that Drives Productivity and Reduces Burnout in Health Systems

Laudio Acts as a Trusted Co-Pilot to Thousands of Frontline Leaders Across 50+ Hospitals, Amplifying Their Work and Delivering Measurable, Large-Scale Improvements Laudio, the management solution for healthcare, today announced that it has raised a $13 million Series B funding round led by Define Ventures with participation from existing investors .406 Ventures, InHealth Ventures, MemorialCare Innovation Fund, and TeleTracking Technologies. This brings Laudio’s total funding to $25 million and highlights the growing demand from health system CEOs to deploy solutions that increase labor productivity and solve for the burnout crisis amongst frontline workers. A.G Breitenstein, Venture Partner at Define Ventures, is joining Laudio’s Board of Directors and brings a wealth of digital health experience as the Founder of FOLX Health and former Chief Product Officer at Optum Analytics. “Every health system CEO says that labor productivity and burnout is their top issue. Since our launch in 2017, Laudio, has understood the challenges health systems face and has been devoted to building solutions that empower frontline leaders to do the best work of their lives, all while improving retention, labor productivity, service, quality, and safety,” said Russ Richmond, MD, Co-Founder and CEO at Laudio. “We’re excited to partner with Define and A.G. on our mission of improving the lives of healthcare workers so that they will continue doing the work they love.” According to a 202...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT .406 Ventures A.G Breitenstein Define Ventures FOLX Health Health IT Funding Health IT Fundings Health IT Investment inHealth Ventures Laudio MemorialCare Innovation Fund Michael S. Vaccaro Novant Source Type: blogs