What is the Managed Home Screen application, how does it work?

According to the introduction of Microsoft Corporation, Managed Home Screen is a Business app on the Android platform. There is currently a 1.0.0.43611 version released on Jun 25, 2018, you can see the details below.

The Managed Home Screen app, for corporate-owned devices in organizations subscribed to Microsoft Intune, enables the Multi App Kiosk mode for specific, locked down use. This app should only be deployed by your organization. It helps your organization remotely configure and customize the home screen on the device(s) to deliver a highly productive single use experience. This app replaces the default home screen or launcher to restrict device activities and access based on remotely configurable settings.

Features:
• Centralized large-scale device deployment and lockdown
• Locked down kiosk mode with pre-approved apps
• Easily pin websites to home screen
• Customize home screen experience and layout
 
Important: This app is for organizational use only and works only with devices managed by organizations subscribed to Microsoft Intune. Individuals downloading this will not be able to manage, configure or use this app. If you work for an organization and are a user of this app and are facing issues or have questions about its use (including your company’s privacy policy), contact your IT administrator. Do not contact your network operator, the device manufacturer, or Microsoft for support.
 
 
Microsoft Application License Terms
Third Party Notices
To subscribe for Intune management services visit - https://www.microsoft.com/en-us/cloud-platform/microsoft-intune