LataMed AI Corp. (OTC: LMED), a development-stage digital health and artificial intelligence technology company, announced today that its Venezuelan operating affiliate, LataMed AI VE, has entered into a strategic commercial alliance agreement with Vértice Seguros C.A., a Venezuelan insurance company regulated by the Superintendence of Insurance Activity (SUDEASEG). The agreement aims to integrate selected insurance-related services into the Company's developing healthcare ecosystem while expanding digital healthcare accessibility for patients throughout Venezuela.
Under the agreement, LataMed AI VE has been granted the right to promote and facilitate customer access to Vértice Seguros' portfolio of insurance products through the Company's digital platforms and healthcare ecosystem. The products include health, life, motor vehicle, commercial, and group insurance. In return, Vértice Seguros has agreed to actively promote the LataMed AI digital healthcare platform and mobile application among its customer base, encouraging utilization of the Company's online appointment scheduling platform and broader healthcare technology services.
Dr. Kevin Rodan Levy, Chief Executive Officer of LataMed AI Corp., stated: “This agreement represents another important milestone in the continued expansion of the LataMed AI healthcare ecosystem. We believe integrating healthcare accessibility with insurance solutions creates additional value for patients while supporting a more connected and comprehensive digital healthcare platform.”
The Company believes the agreement represents an important milestone in the continued development of its integrated healthcare ecosystem by combining digital healthcare services with insurance accessibility, telehealth infrastructure, healthcare coordination technologies, and other healthcare solutions currently under development. Management believes that expanding access to insurance-related services complements the Company's broader objective of improving healthcare accessibility while creating a more comprehensive digital healthcare experience for patients, healthcare providers, and other participants within the healthcare ecosystem.
The agreement provides for a commission-based compensation structure relating to qualifying insurance products generated through the Company's digital channels, subject to the terms and conditions of the commercial alliance. The initial term of the agreement is twelve months and may be renewed by mutual agreement. The Company believes this strategic alliance may serve as a foundation for future collaborations as it continues expanding its digital healthcare ecosystem and evaluating additional opportunities throughout the Latin American healthcare market.
This partnership is significant for the Venezuelan healthcare market, where access to both digital health services and insurance has been limited. By combining LataMed AI's technology platform with Vértice Seguros' insurance products, the alliance could improve patient engagement and care coordination. For the broader industry, it demonstrates a model for integrating insurance with digital health in emerging markets, potentially attracting other insurers and technology providers to similar collaborations.
Separately, the Company acknowledged the recent earthquake that has affected communities throughout Venezuela, extending its thoughts to those impacted and gratitude to emergency responders and healthcare professionals working to assist those in need.
For additional information, visit https://latamed.ai or review the Company’s filings with the U.S. Securities and Exchange Commission at www.sec.gov.
