HeraMED continues to forge value adding partnerships

By Trevor Hoey. Published at Nov 21, 2019, in Technology

The good news keeps flowing for medical technology company, HeraMED Limited (ASX:HMD) with the company announcing today that it has entered into an agreement with leading midwife service provider, Kinderheldin GmbH.

This follows news earlier in the week that the company had received FDA clearance for its HeraBEAT foetal heart monitoring device, which built on other promising collaboration agreements with leading healthcare group’s such as Mayo Clinic.

HeraMED is revolutionising the pregnancy experience by empowering personalised, continuous and proactive home monitoring, delivering better care at a lower cost.

Central to developing the group’s new technologies is the development of an extensive database that will provide a bank of information in relation to pregnancy histories as detailed by hospitals and other medical tuitions.

Provision of web-based online midwife services

Under the agreement announced today, HeraMED and Kinderheldin will collaborate to provide Kinderheldin’s web-based online midwife service to expecting mothers using the company’s HeraBEAT smart foetal heart rate monitor.

This will culminate in the inaugural release of HeraBEAT Plus and progresses HeraMED’s ongoing push into telemedicine ahead of the US launch in 2020.

Kinderheldin (www.kinderheldin.de) is a leading midwife service provider based in Berlin.

The group has developed a web based, online platform that offers expecting parents access to large number of midwives through online chat services or telephones.

Kinderheldin’s team of midwives is supported by an experienced medical advisory board which includes top-tier physicians and an in-country software development team.

HeraMED and German distributor Duttenhofer will offer the online service to consumers using the HeraBEAT device via individual access codes, which will be provided when the device has been purchased.

Kinderheldin’s midwives will also be able to access data generated from HeraBEAT, which will assist them in making more informed decisions and providing a better duty of care.

Bringing insurance companies on board

Kinderheldin and HeraMED are also progressing discussions with insurance companies in the Kinderheldin network for use of the device and service.

Kinderheldin works with approximately fifty insurance companies including some of Germany’s oldest and largest.

Its partners include Barmer, BKK Mobil Oil and HEK amongst others.

The group also has co-operation agreements with five major hospitals in the country, and both parties will progress discussions with these hospitals to deploy HeraMED’s solutions.

All parties are working to progress the launch of the solution in time for Duttenhofer’s planned launch of HeraBEAT in Germany, Austria and Switzerland.

Highlighting the competitive advantages that this agreement provides, HeraMED chief executive and co-founder David Groberman said, “This agreement provides HeraMED with a significant differentiator and competitive advantage.

‘’Having a midwifery service that expecting mothers and new parents can access as part of our service offering puts the company leagues ahead as it pushes further into telehealth and connected care.

“Kinderheldin is a tremendous partner for HeraMED as it boasts strong relationships with some of Germany’s oldest and largest insurance companies and hospital groups.

“We look forward to progressing discussions with the top-tier organisations in their network with the aim to implement HeraBEAT and potentially HeraCARE more broadly.”

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!