FN Media Group Presents Oilprice.com Market Commentary
London – October 21, 2021 – The healthcare industry is one of the fastest growing in the world, but today, it’s seeing a major disruption. With everything from work meetings to family gatherings going digital since 2020, this mammoth $12 trillion industry is joining the new tech renaissance to deliver a much-needed overhaul. That’s why trillion dollar Big Tech companies like Google, Amazon, and Apple are all trying to make a move into healthcare. Mentioned in today’s commentary includes: Nuance Communications, Inc. (NASDAQ: NUAN), iRhythm Technologies, Inc. (NASDAQ: IRTC), International Business Machines Corporation (NYSE: IBM), Intel Corporation (NASDAQ: INTC), BlackBerry Limited (NYSE: BB).
Now, the way people make decisions about their health is beginning to look drastically different from how it did 24 months ago. The Wall Street Journal says, “Tech advances put the annual doctor visit on the critical list.”And Forbes says, “Artificial intelligence offers an unprecedented opportunity to… reshape the practice of healthcare.”
The shift towards a new “Healthcare 2.0” could soon be the biggest disruption to a trillion dollar industry since Amazon took over retail or Netflix changed the face of entertainment.
And while Big Tech is doing their best to make a move into this industry…Treatment.com International Inc. (TRUE; TREIF) holds a key advantage that gives them a huge leg up on Silicon Valley’s finest and has a distinct North American heritage, unlike many competitors
Billions of People are Embracing “Healthcare 2.0”
Over 1 billion people now use Google to research health symptoms each and every day, as Google has tried its best to leverage this into a new arm of the company. Amazon jumped in with Amazon Care, offering up live chat or video care with clinicians when you have a problem. And with Apple’s iOS15 rolling out, they’ve made it possible to share data from your iPhone’s “Health” app directly with doctors through electronic medical records.
There’s a staggering number of people taking their health into their own hands before they ever make it to the doctor’s office. Treatment.com’s big tech platform technology, on the other hand, is already being used to train and test medical students at the University of Minnesota Medical School, a top 10 med school in the United States. Now, their new app, CARA, plans to take that same powerful technology and deliver it to your cell phone.
Billions of Dollars Changing Hands in the Industry
As technology has started playing a bigger and bigger role in healthcare, the amount of money behind it is reaching a fever pitch. With millions – and even billions – of dollars changing hands in the industry, these small healthcare tech companies are precious gems just waiting to be scooped up. And Treatment.com’s (TRUE; TREIF) potential to drive valuable revenue from multiple angles makes it potentially even more appealing to the big players in the industry.
First, they’ll charge a flat monthly fee comparable to a Netflix subscription for their premium app, where you can get access to services like telemedicine, prescription, and other referrals. Second, as Treatment.com’s technology is already being used in a top 10 medical school to train med students, they also plan to license the technology to universities for a monthly fee as well. And the scalable plug and play GLM platform has many more modules planned for release in the future. Treatment Mobile, Cara is the tip of the iceberg. Plus, it’s been tested in clinics to help streamline appointments and help doctors spend more time with their patients and less time on paperwork.
Built to Get Smarter All The Time
While Treatment.com’s (TRUE; TREIF) technology is incredibly complex, the way it works is simple. Users can enter their symptoms, and CARA will provide the most likely diagnoses, preventative measures, and potential treatments. Plus, the app helps you track symptoms over time and manage issues for everyone in the family on one account.
It can even integrate with popular wearables like the Apple Watch and Fitbit which have soared in popularity…Helping provide monitoring for important health data by integrating data in real-time.
World-Class Team With a Billion Dollar Track Record
Over the last 5 years, Treatment.com’s (TRUE; TREIF) global team of top doctors have been working tirelessly to build their technology to think like a doctor. They’ve come together with a team of top AI scientists, mathematicians, and PhDs in statistics to bring the technology to life. And one look at their leadership team is enough to see the kind of billion-dollar potential that could lie ahead for Treatment.com.
Timing is Everything
We’ve already seen how Big Tech companies are piling into the healthcare industry at breakneck speed…Small companies are raking in millions or more when acquired by larger healthcare companies…And Treatment.com’s leadership has already proven their chops with a billion dollar track record.
Now their CARA app could have patients, doctors, and insurance companies chomping at the bit to get their hands on it, as over 1 billion people are embracing the new face of healthcare. And it’s all set to begin this fall as Treatment.com (TRUE; TREIF) rolls out the app across North America.
They just teamed up with a leader in mobile apps, MentorMate, in the US to help scale the app and ensure it’s the most up-to-date on the market. MentorMate has over 700 developers with 1,400 completed projects under its belts, and now it’s set to help make CARA’s launch a massive success. But the app could spread far beyond just North America over time.
Tech Is Driving New Healthcare Innovations
Nuance Communications Inc. (NUAN) healthcare solutions are award winning. From ambient clinical intelligence and patient engagement solutions to its documentation capturing solutions, Nuance’s Dragon Ambient eXperience helps healthcare providers deliver better patient services with AI-powered, omni-channel technology.
In a blog post from Nuance Communications, the company highlights that “ Nearly 70% of healthcare executives plan to invest in AI-powered technologies as they seek new ways to solve healthcare’s toughest challenges. These planned investments clearly illustrate how a growing number of organizations are embracing AI-enabled technologies as a strategic asset.”
Irhythm Technologies Inc (IRTC) is a company that has developed and patented an innovative medical device to detect arrhythmia (abnormal heart rhythms). The Irrhythm team has extensive experience in designing, building, and testing electronic devices for medical purposes. They have validated the effectiveness of their technology through multiple clinical studies conducted by independent investigators at leading hospitals worldwide.
In a recent release, IRhythm Technologies published results of its mHealth Screening to Prevent Strokes study, finding that Zio by IRhythm led to a 10x increase in the detection of AF versus patients receiving standard clinical care. Steven Steinhubl, MD, Director of Digital Medicine at Scripps Research Translational Institute and principal investigator of the study noted the importance of these findings, stating, “A significant portion of those with AF have no symptoms and aren’t aware that they have it,” adding, “Long-term, continuous monitoring is helping in the shift to more preventative and proactive treatment and care.”
International Business Machines Corporation (IBM) is another tech veteran on the forefront of healthcare innovation. IBM’s Watson Health is a platform that includes artificial intelligence, blockchain technology data and analytics to support clients’ growing digital needs. Watson Health provides solutions to clinicians, govements, and even researchers.
IBM’s mainframe computers are widely used around the world with many large corporations relying on them to process their transactions or crunch their numbers. These machines have been instrumental to running some of the largest companies over the last half century including General Electric Company (GE), Walmart Inc., Ford Motor Company, ExxonMobil Corporation (XOM) among others.
Intel Corporation is no stranger to new tech. And it’s certainly doing its part in the healthcare sector, as well. In particular, in the advancement of artificial intelligence in fields such as medical imaging, analytics, and lab and life sciences.
Recently, Intel Corporation (INTC) embarked on a new joint venture with GE in order to pursuethe creation of a new company focused on telehealth and independent living in order to tackle the burden of chronic disease and age-related conditions. Intel President and CEO Paul Otellini explained, “New models of care delivery are required to address some of the largest issues facing society today, including our aging population, increasing healthcare costs and a large number of people living with chronic conditions,” adding “We must rethink models of care that go beyond hospital and clinic visits, to home and community-based care models that allow for prevention, early detection, behavior change and social support. The creation of this new company is aimed at accelerating just that.”
Blackberry Limited (BB) is one of Canada’s most exciting tech plays. While it has pivoted away from its iconic cell phones of yesteryear, it is still very much involved in pushing tech, and by extension all of mankind, further. It’s even building a global digitized healthcare database leveraging blockchain technology. This could be a game-changer for how health data is managed and distributed. But that’s just one facet of its big picture push. From it’s high-profile partnerships with the likes of Amazon and more, to its key posturing in the Internet of Things explosion, BlackBerry is tackling the industry from all fronts, and will be an important player for years to come.
BlackBerry also launched a new research and development arm called BlackBerry Advanced Technology Labs. “Today’s cybersecurity industry is rapidly advancing and BlackBerry Labs will operate as its own business unit solely focused on innovating and developing the technologies of tomorrow that will be necessary for our sustained competitive success, from A to Z; Artificial Intelligence to Zero-Trust environments,” Charles Eagan, BlackBerry CTO explained.
By. By Charles Kennedy
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