Laudio

Laudio

Healthcare workforce management platform using AI

About Laudio

Simplify's Rating
Why Laudio is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$21.4M

Headquarters

Boston, Massachusetts

Founded

2018

Overview

Laudio provides a platform for healthcare workforce management that supports frontline leaders in hospitals and health systems. By using artificial intelligence and automation, the platform streamlines workflows and offers insights to help leaders make informed decisions, enhancing employee engagement and patient care. Laudio stands out from competitors by demonstrating measurable benefits, such as a 20% reduction in nurse turnover rates. The company's goal is to improve operational efficiency and leadership effectiveness in healthcare organizations.

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Simplify's Take

What believers are saying

  • Laudio's platform adoption is growing, as seen with UC Health and Northwell Health.
  • Recognition by Modern Healthcare highlights Laudio's innovative impact on health systems.
  • Laudio Insights provides data-driven decision-making tools for healthcare leaders.

What critics are saying

  • Increased competition from AI-driven workforce management platforms threatens Laudio's market share.
  • Rapid AI advancements may strain Laudio's resources to keep the platform updated.
  • Economic downturns could reduce healthcare spending on workforce management solutions.

What makes Laudio unique

  • Laudio integrates AI and automation to enhance healthcare workforce management.
  • The platform reduces nurse turnover by 20%, saving millions for healthcare organizations.
  • Laudio offers a comprehensive SaaS solution for frontline leaders in healthcare.

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Funding

Total Funding

$21.4M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

1%
Hit Consultant
Dec 12th, 2024
Uc Health Deploys Laudio’S Workforce Ai To Enhance Frontline Leadership

UC Health Deploys Laudio’s Workforce AI to Enhance Frontline Leadership. by Syed Hamza Sohail 12/12/2024 Leave a Comment. What You Should Know:– Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, today announced that University of Cincinnati Health (UC Health), an integrated academic health system serving Greater Cincinnati and Northern Kentucky, is implementing Laudio’s AI-enhanced leader operations platform.– UC Health will utilize the technology to free up capacity for frontline leaders, helping them spend less time on administrative tasks and more on the human engagement parts of leadership.Enhancing Frontline Leadership Efficiency: UC Health Adopts Laudio PlatformThe Laudio platform, a pioneering workflow hub for frontline leaders, centralizes daily tasks and fosters meaningful team interactions. By integrating data from multiple systems, it provides rapid access to detailed employee insights and highlights trends such as burnout risk. Its AI-driven recommendations empower leaders to prioritize impactful actions, which can be seamlessly implemented using built-in features for employee recognition, celebrations, check-ins, team surveys, and more.UC Health, the sole academic medical center serving Greater Cincinnati, has implemented the Laudio platform across its primary hospitals and ambulatory clinics. This initiative will support over 7,500 frontline team members, streamlining workflows and improving team management within the organization.This strategic deployment exemplifies the potential of advanced technology to enhance leadership efficiency and foster stronger workplace connections in healthcare settings

Bio-IT World
Dec 8th, 2024
Laudio recognized as one of Modern Healthcare's Best in Business

Chicago, IL and Boston, MA - Dec. 9, 2024 - Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, is proud to announce that it has been recognized by Modern Healthcare as one of the Best in Business of 2024.

Hit Consultant
Apr 10th, 2024
New Report Reveals Biggest Reason Why Nurses Are Quitting

What You Should Know:– Laudio and the American Organization for Nursing Leadership announced the release of the inaugural Quantifying Nurse Manager Impact report, which delivers insights into the impact of nurse managers on health system financial outcomes and key factors that can impede this impact.– Leveraging Laudio’s unique data set, the report provides first-of-its-kind data on the influence of leader-team member engagement on nurse retention – a pervasive and costly challenge for health systems nationwide.Right-Sizing Nurse Manager Workloads: Key to Financial Success and Staff Retention in HealthcareNurse managers play a critical role in any healthcare setting, leading clinical and operational functions that directly impact patient care. This report highlights the importance of ensuring nurse managers have the time, resources, and support they need to be effective. A key factor influencing their success is the span of control or the number of direct reports they oversee.The Burden of Large TeamsThe report analyzes data from the Laudio dataset, revealing a median span of control of 46 for nurse managers. However, a concerning 25% of inpatient managers oversee 78 or more staff members. Emergency departments (EDs) and Intensive Care Units (ICUs) have the highest average spans of control, placing a significant burden on managers in these critical areas.Assistant Nurse Managers: A Potential Solution:While 56% of nurse managers have at least one assistant nurse manager for support, only a small percentage fully utilize them to reduce their direct reports. This suggests a missed opportunity to optimize workloads.The Financial Impact of Span of ControlThe report highlights the financial benefits of right-sizing nurse manager workloads

Business Wire
Apr 3rd, 2024
Aonl And Laudio Release New Report Measuring The Impact Of Nurse Managers On Health System Performance

BOSTON--(BUSINESS WIRE)--Laudio and the American Organization for Nursing Leadership today announced the release of the inaugural Quantifying Nurse Manager Impact report, which delivers insights on the impact of nurse managers on health system financial outcomes and key factors that can impede this impact. Leveraging Laudio’s unique data set, the report provides first-of-its-kind data on the influence of leader-team member engagement on nurse retention – a pervasive and costly challenge for health systems nationwide. The analysis showed nurse managers who have consistent, purposeful interactions (e.g., check-ins, recognition) with their team members have statistically significant lower registered nurse (RN) turnover. In a team with average turnover, one purposeful interaction per month per RN drives a seven-percentage point improvement in the team’s overall annual RN turnover rate. The report also evaluates key factors influencing a nurse manager’s capacity for meaningful team engagement, such as span of control, which ultimately hinder the health system’s financial outcomes. The analysis shows a median span of control of 46 people for inpatient nurse managers, with those in the top quartile overseeing 78 people or more

Business Wire
Mar 13th, 2024
Northwell Health Plans System-Wide Expansion With Laudio To Support Over 8,000 Frontline Leaders

BOSTON--(BUSINESS WIRE)--Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, today announced a system-wide expansion with Northwell Health, New York State’s largest healthcare provider. The expansion follows Northwell Health’s successful initial implementation of Laudio’s AI-enhanced platform for frontline leaders at the Peconic Bay Medical Center last year. The Laudio platform is a first-of-its-kind solution for streamlining frontline leaders’ work and operationalizing leadership best practices. Northwell Health deployed it to augment ongoing efforts to bolster its frontline leaders and enhance employee engagement. Peconic Bay Medical Center’s frontline leaders were highly receptive to the new solution, with strong adoption from the start. The positive impact on their teams soon followed: nurse retention rose across the board, with the strongest Laudio users increasing their year-over-year RN retention rates by 10 points on average

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