514: The New Frontier of Fertility Treatment: Technology, Telemedicine, and Hera Fertility

Host Will Larry delves into the innovative world of Hera Fertility with its Founder and CEO, Thiv Paramsothy. Hera Fertility emerges as a telemedicine-first provider aimed at revolutionizing the fertility journey for couples. Thiv shares his journey from a tech enthusiast in Toronto to a healthcare entrepreneur driven by a desire to make healthcare more accessible and efficient. His ventures, including Hera Fertility, are born out of personal observations and frustrations with the existing healthcare system, particularly its inefficiencies and the barriers to accessing necessary care. Thiv noticed a significant gap in the fertility treatment landscape—long waiting times for appointments, excessive costs, and the overall inconvenience and emotional toll of traditional fertility treatments. Hera Fertility aims to address these issues by offering affordable, convenient, and less invasive alternatives to IVF, leveraging telemedicine to provide immediate access to care, diagnostics, and medication. The episode also highlights Hera Fertility's unique business model and focus on enhancing patient care through technology and personalized support. Thiv explains how the company can offer services at a fraction of the cost of traditional IVF while improving the quality of care and patient experience. By employing a telemedicine-first approach, Hera Fertility democratizes access to fertility care, especially in underserved areas, and introduces a more supportive and patient-centered approach to fertility treatment. Hera Fertility (https://herafertility.co/) Follow Hera Fertility on LinkedIn (https://www.linkedin.com/company/herafertility/), X (https://twitter.com/herafertility), Facebook (https://www.facebook.com/herafertillity), or Instagram (https://www.instagram.com/herafertility?igshid=MzRlODBiNWFlZA%3D%3D). Follow Thiv Paramsothy on LinkedIn (https://www.linkedin.com/in/thivparam/). Follow thoughtbot on X (https://twitter.com/thoughtbot) or LinkedIn (https://www.linkedin.com/company/150727/). Become a Sponsor (https://thoughtbot.com/sponsorship) of Giant Robots! Transcript:  WILL: This is the Giant Robots Smashing Into Other Giant Robots Podcast, where we explore the design, development, and business of great products. I'm your host, Will Larry, and with me today is Thiv Paramsothy, Founder and CEO of Hera Fertility. Hera Fertility is a telemedicine-first provider for couples who want to boost their chances of conceiving. They deliver convenient testing, affordable at-home meds, and concierge care, helping patients overcome infertility with better odds and faster turnaround time at only a tenth of the cost of IVF. Thiv, thank you for joining me. THIV: Thank you for having me. Super excited. WILL: Yeah, I'm excited to talk about this. And I know this is a huge issue, so I'm excited to hear kind of your heart behind it, why you started the company. But before we dive in that, tell me a little bit about you. THIV: So, I was born and raised in Toronto, always loved technology and looking at different softwares and all that, but never good enough to code. But went to Waterloo, which is a fancy tech school up in Canada. That's where I really developed my passion for healthcare and tech. So, at that point, it was called, like, something nerdy like health informatics, but now people call it digital health. From there, I kind of learned what was going on in the health system, what could be better about it, and that's kind of where I wanted to focus on in my career. And then, after college, I was realizing quickly that I wasn't a corporate guy, did it for a bit, and I realized I was very much an entrepreneur. So, I started doing startups after that, and I'm now in my third one. But all my startups really focus on how do we better the healthcare system and how do we make it better for patients? WILL: I absolutely love that because I have three young kids, and it's absolutely frustrating at times dealing with the healthcare system because, I'm just going, to be honest–sometimes it's who you know or what type of money you have and things like that. And it's frustrating that it feels like, at times, you have to be at this right spot at the right time to get the certain healthcare, so I really appreciate that you are diving into this and trying to solve a huge issue. THIV: Yeah, I hear you because I see that so often. That's a lot of times what inspires me to go off and do my startup. At that time, like, Hera, exactly that was one of the reasons why we started Hera. But the way I look at it is that if you look at the healthcare system we have, it's incredible the miracles we could do and the solutions that we have and how we can save people's lives, how we can treat them to live longer. But a lot of times just getting your foot into it and finding the right care is the difficult part. And don't get me started on the barriers and obstacles that are there, from cost to just pure access. So, that's what really motivates me