Laudio secures $13 million funding to support health systems in retaining talent.

Laudio, a healthcare technology company, has recently secured $13 million in funding to support health systems in retaining talent. The funding round was led by new investor Concord Health Partners, with participation from existing investors including .406 Ventures and Optum Ventures.

Laudio’s platform is designed to help healthcare organizations improve staff engagement and retention by providing real-time insights and personalized coaching to managers. The platform uses artificial intelligence (AI) to analyze data from various sources, including electronic health records, scheduling systems, and employee surveys, to identify potential issues and provide actionable recommendations.

The company’s focus on staff engagement and retention is particularly important in the healthcare industry, where turnover rates are high and shortages of skilled workers are common. According to a report by the Association of American Medical Colleges, the United States could face a shortage of up to 139,000 physicians by 2033.

Laudio’s platform aims to address this issue by helping healthcare organizations identify and address factors that contribute to staff turnover, such as burnout, lack of support, and poor communication. By providing managers with real-time insights and personalized coaching, the platform can help them better understand their team’s needs and take proactive steps to improve engagement and retention.

The $13 million funding round will enable Laudio to further develop its platform and expand its reach to more healthcare organizations. The company plans to use the funds to hire additional staff, invest in product development, and expand its sales and marketing efforts.

In a press release announcing the funding round, Laudio CEO Russ Richmond said, “We are thrilled to have the support of Concord Health Partners and our existing investors as we continue to build out our platform and help healthcare organizations improve staff engagement and retention. Our mission is to help healthcare organizations provide the best possible care by ensuring they have the right people in the right roles, and we believe our platform can make a real difference in achieving that goal.”

Overall, Laudio’s platform has the potential to make a significant impact on the healthcare industry by helping organizations retain their most valuable asset: their staff. With the support of its investors, the company is well-positioned to continue developing innovative solutions that improve staff engagement and retention, ultimately leading to better patient outcomes.

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• Source: Plato Data Intelligence.