GMV executes two Provider Participation Agreements with United States-based companies

  • May 16, 2019 AEST
  • Team Kalkine
GMV executes two Provider Participation Agreements with United States-based companies

G Medical Innovations Holdings Limited (ASX: GMV) is a healthcare company focused on digital health solutions.

On 16 May 2019, GMV reported that its wholly owned subsidiary G Medical Diagnostic Services Inc (GMEDx) had executed two Provider Participation Agreements (PPAs) with Ancillary Care Services (ACS) and Prime Health Services, Inc (PHS). Two Independent Diagnostic Testing Facility (IDTF) and a Mobile Cardiac Telemetry (MCT) are the facilities currently owned by GMEDx with operation being, ‘Telerhythmics’ and ‘Cardiostaff’.

Image:  G Medical Patch (Source: Company’s Website)

GMEDx has secured two new contracts. It has also improved the brand image of G medical in the health care delivery system within Cardiac monitoring, which will provide more exposure to future patients and third-party payer populations. Applicable programs associated under PPAs with PHS and ACS interprets revenue opportunity for GMEDx as services rendered by a covered person will result in accessing medical reimbursement for covered services. However, the expected revenue is subject to the partner’s individual patient requirements. It is reported that there are no immediate impacts on revenues from freshly executed PPAs.

Prime Health Services –

PHS has a network of more than 700,000 providers and services in 50 states. It’s one of the fastest growing PPOs and serving the insurance industry since 1996. Prime Health Services understand the needs of both patient and provider and intends to maintain a long-lasting relationship between both parties. PHS is economical for the patients because of the wide network of physicians and facilities readily available to meet needs without enduring the expense of going out of network for their care. The company is benefitting from the growing base of customers and timely payment of claims is resulting in decreased administrative costs.

Ancillary Care Services –

ACS is a healthcare company which provides ancillary benefit and claim management services. ACS has a comprehensive network of more than 45,300 ancillary care providers nationwide in 32 specialty categories which provide healthcare services to the patients. It also contracts with parties like preferred provider organisations (PPOs), self-funded employer groups, insurance companies, third party administrators (TPAs) to access patients. The primary healthcare network of the company has over 600 TPAs and employers’ groups within the nation. Such scale of operations helps to build partnerships with payers and providers, consequential to high-quality service; it also supports operating in a cost-effective manner to enable savings.

Dr Yacov Geva, CEO of GMV, expressed his satisfaction by updating the shareholders on continued expansion in the US market with long-standing and multi-faceted health service providers of the highest quality in the region. He further mentioned that the company is focused on improving its US footprint and dual listing at NASDAQ.

At the time of writing, 20 May 2019 (3:13 PM AEST), GMV is trading at A$0.187, down 4.10%. Over the past three months, the stock has gone down by 35%. The 52-week high and low of the stock are A$0.450 and A$0.180, respectively. The market capitalisation of the stock is approximately A$71.1 million.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK