TeleTracking Technologies
336 Fourth Ave, Suite 7, Pittsburgh, PA, 15222, United States
Overview
TeleTracking Technologies was founded in 1991, the concept of ‘patient flow’ didn’t exist. Automation was something done in factories and ED overcrowding was associated with Friday nights in urban medical centers. It took significant awareness to recognize that there was a patient flow pattern within the continuum of care, and that many of the steps in the flow could be automated and monitored for greater efficiency. Their founders knew that enhancing and optimizing patient flow would alleviate congestion in the ER by getting people into the right beds more quickly. They had to have faith that hospitals would adopt new technology that wasn’t diagnostic or therapeutic, but designed to make work flow better.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 7
Sector focus
- Health Care
- Information Technology
- Telecommunications
Investment portfolio
- Laudio
Participated · Series B · Jun 2023
Laudio provides a leader operations solution for healthcare that automates repetitive managerial work and delivers real-time AI recommendations to frontline managers across people, operations, quality & safety, and patient experience. Its platform claims to save more than six hours of administrative work weekly and has been shown to reduce turnover by 25% in 12 months. Laudio packages clear insights and automated workflows to help managers prioritize work and act decisively, with the goal of improving retention, labor productivity, service, quality, and safety. The company reports 100% year-over-year growth and has been recognized as a 2022 Top 20 KLAS Emerging Solution. With the new funding, Laudio plans to deepen the action-orientation of its platform, expand its sales team, increase marketing to drive awareness, and make larger investments in its AI and analytics capabilities. The product roadmap emphasizes nudging leaders to take the right action at the right time through real-time recommendations. Laudio delivers a SaaS automated platform for health systems to drive real-time, personalized engagement between nurse managers and their teams. The platform uses algorithms derived from analysis of a large healthcare human-resources dataset to operationalize proven leadership best practices. It serves up proactive interventions for managers, personalized for each team member, to address risk factors in real time. The product is intended to create a culture that supports nurse management and reduce nurse turnover and burnout. Laudio is led by Russ Richmond, MD, CEO, and is based in Boston, MA. The company completed a $7.3M Series A and intends to use the funds to expand operations and its business reach.