Laudio

Date Awarded: March 10, 2022
Amount: $1,000,000.00

The nursing shortage in California has reached a crisis point — hastened by the COVID-19 pandemic, which has led to chronic understaffing, more stress, and growing burnout. Nurses in the state and across the country are trading their high-pressure jobs for a new career, early retirement, or less demanding work. The shortages are particularly acute in hospitals and health systems in rural areas and those serving patients enrolled in Medicaid. With turnover rates as high as 37% in some parts of the country, hospitals struggle to fill permanent positions and rely increasingly on costly travel nurses.

Laudio offers a solution to improve employee retention, engagement, and satisfaction. The cloud-based software-as-a-service (SAAS) platform provides a simple, automated approach for personalized, real-time engagement between health care managers and staff. The solution gives managers easy visibility into multiple IT systems (e.g., human resources, time and attendance, learning, and management) to manage staff, conduct reviews, track schedules, renew certifications, and acknowledge milestones like work anniversaries efficiently and effectively.

Laudio identifies employees at high risk for turnover and recommends engagement activities accordingly. It allows managers to maximize their interactions and prioritize in-person interactions for staff at highest risk for turnover and for staff who prefer in-person rather than virtual communication. Additionally, Laudio allows hospitals and health systems to understand their data to address turnover risks and to mitigate burnout across a division or facility. For more information, visit www.laudio.com.