# HRTBT Medical Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hrtbt-medical-solutions

- Industry: Healthcare IT
- Headquarters: Berlin, Germany
- Website: www.heartbeat-med.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Apr 28, 2022)
- Investors on record: 5

## About

HRTBT Medical Solutions GmbH is a Berlin-based company that develops a digital platform to optimize the collection of Patient-Reported Outcomes and generate valuable Real-World Evidence for healthcare stakeholders.Founded in 2014 in Berlin, Germany, HRTBT Medical Solutions GmbH focuses on enhancing patient care through innovative digital solutions. The founders, Yannik Schreckenberger, Peter Ng'ethe, Sebastian Tilch, and Tiedemann Marc, aimed to address inefficiencies in health data collection. The company has successfully completed 4 deals, with the most recent funding round being a Series A on April 28, 2022, where they raised EUR 5.000 mn from investors including HV Capital, High-Tech Gruenderfonds, and b2venture, bringing the total amount raised to EUR 5.000 mn and a current valuation of EUR 25.688 mn.HRTBT Medical Solutions specializes in a digital platform that streamlines the collection of Patient-Reported Outcomes (PROs) and generates ongoing Real-World Evidence. Their offerings include an automated, secure platform that integrates into clinical workflows across various healthcare settings, enabling healthcare providers, payers, medical device manufacturers, and pharmaceutical companies to measure and assess treatment impacts on patients' quality of life. The solution features a gold-standard outcome library with validated instruments tailored for specialties such as orthopedics, oncology, cardiology, and mental health. HRTBT Medical primarily serves clients in Germany, establishing partnerships with over 40 healthcare payers and leading hospitals to further value-based care initiatives.HRTBT Medical operates mainly on a subscription-based revenue model, where healthcare providers and organizations pay for access to their outcome measurement platform and related services. This model allows for continuous transactions and data gathering related to patient outcomes. Additionally, partnerships with healthcare payers and medical device companies contribute to revenue through collaborative research and development. Specific pricing details are not disclosed, but the platform is designed to enhance care quality and meet regulatory standards for various healthcare stakeholders.Following their Series A funding round on April 28, 2022, HRTBT Medical Solutions GmbH plans to utilize the EUR 5.000 mn raised to enhance quality-focused care and compensation models. The company is also working on new product developments aimed at improving their existing digital platform. Expansion into new geographic markets is on the agenda, with a focus on strategic growth initiatives to reach additional regions by 2024.

## Funding rounds

- Series A, Apr 28, 2022 — Redstone, SwissHealth Ventures
- Series A, Sep 29, 2020, $5.8M — HV Capital, High-Tech Gruenderfonds, b2venture

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A
- Redstone (https://capitalatlas.ai/funds/redstone) — Series A
- SwissHealth Ventures (https://capitalatlas.ai/funds/swisshealth-ventures) — Series A