Attributes 1545% Revenue Growth to Rising Need for Innovation to Support and Retain Frontline Healthcare Workers
Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, today announced that it ranked number 95 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Laudio grew 1545% during this period.
Laudio’s chief executive officer and co-founder, Russ Richmond, MD, credits Laudio’s proven impact on employee efficiency, engagement, and retention at health systems with the company’s 1545% revenue growth. He said, “health systems are facing unprecedented, multifaceted challenges when it comes to supporting and retaining their critical frontline employees. At Laudio, we are uniquely focused on solutions that empower frontline leaders, putting them in a better position to manage and care for their teams – and ultimately, patients – effectively. We’re excited to be included in this year’s ranking and look forward to helping more health systems support their workforces while saving millions in labor costs.”
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.