Treatment AI’s (CSE: TRUE) New Developments Promise Significant Advancements in Medical Education

May 15 05:06 2024
Treatment AI's (CSE: TRUE) New Developments Promise Significant Advancements in Medical Education
HealthCare AI Stocks
Health Care AI Stocks HEALWELL AI Inc (TSX: AIDX), HEALWELL AI Inc (OTCQX: HWAIF), Exscientia PLC (NASDAQ: EXAI), Certara Inc. (NASDAQ: CERT), Relay Therapeutics Inc. (NASDAQ: RLAY), BioXcel Therapeutics Inc. (NASDAQ: BTAI), Royalty Pharma PLC (NASDAQ: RPRX), Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), International Business Machines Corp. (NYSE: IBM), GE HealthCare Technologies Inc. (NASDAQ: GEHC), VERSES AI Inc (OTCMKTS: VRSSF), VERSES AI Inc (CBOE: VERS)

Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939), a specializing in AI-driven healthcare solutions, has made significant strides with the announcement of two innovative products set to revolutionize medical education: AI Patient and AI Doctor in a Pocket. These new solutions are part of the company’s comprehensive Medical Education Suite (MES), which is designed to prepare the next generation of healthcare professionals with cutting-edge tools and resources.

Elevating Medical Education

Treatment’s MES is tailored to enhance clinical content education across the board, from basic patient interactions to advanced USMLE diagnostic evaluations and faculty benchmarking. By reducing faculty administration costs and time, the MES provides a broad spectrum of clinical experiences and offers students a digital self-test companion to deepen their diagnostic skills. The suite supports both students and faculty in preparing for the Objective Structured Clinical Examination (OSCE), a critical test used in 57 countries to assess the practical reasoning and diagnostic abilities of healthcare students.

A Growing Market

The U.S. alone has a significant market potential with 300 medical schools, 900 nursing schools, and a combined 372,000 medical and nursing students. Treatment.com is also expanding its discussions to include schools in the UK and Canada, indicating a broadening international reach.

Introducing AI Patient and AI Doctor in a Pocket

Set to launch in the second half of 2024, AI Patient and AI Doctor in a Pocket are monthly subscription-based SaaS solutions aimed at students, residents, and healthcare professionals.

– AI Patient utilizes AI and a robust library of test cases to help students prepare for multiple-choice questions (MCQs) and OSCE exams, ensuring they are well-prepared for critical evaluations.

– AI Doctor in a Pocket offers a mobile-friendly AI-powered clinical decision support tool, providing healthcare professionals and students with vital information and support during clinical practice.

Both solutions are underpinned by Treatment’s proprietary Global Library of Medicine (GLM), an extensive online medical library created with input from hundreds of credentialed clinicians worldwide, ensuring high-quality clinical information and support.

Leadership and Vision

Dr. Essam Hamza, CEO of Treatment.com AI, expressed his enthusiasm for the new solutions, highlighting their potential to support students throughout their education and into their professional practice. “Our goal is for students to be supported and excel during their medical education, and then utilize the same trusted platform as they move into practice,” he stated.

Strategic Growth and Contract Renewals

Adding to the momentum, Treatment.com recently announced a contract renewal with a leading U.S. medical school for its MES. This renewal underscores the growing pipeline and strong market demand for Treatment’s solutions. The MES aims to streamline the creation, administration, and grading of national exams such as the OSCE, reducing costs and administrative burden for medical schools.

New Executive Appointment

In a move to further bolster its leadership, Treatment.com appointed Richard Atkins as Chief Operating Officer. With over 30 years of experience in international sales, partnerships, executive management, and M&A, Atkins brings a wealth of knowledge to the team. His extensive background in healthcare technology, including work with major health-tech firms and innovative digital health solutions, positions him to accelerate Treatment’s expansion and commercialization efforts.

Dr. Hamza welcomed Atkins to the executive team, noting, “Richard understands the unique inflection point of our company and has committed to help with the execution of our aggressive commercialization phase.”

Overall, Treatment.com AI Inc (CSE: TRUE) continues to make significant advances in the field of medical education and healthcare technology. With the introduction of AI Patient and AI Doctor in a Pocket, the company is poised to support the next generation of healthcare professionals in unprecedented ways. As they expand their reach and enhance their offerings, investors and traders should keep a close watch on Treatment.com’s developments, as these innovations could lead to substantial growth and market impact.

The global artificial intelligence (AI) in healthcare market size was estimated at USD 15.1 billion in 2022 and it is expected to surpass around USD 187.95 billion by 2030, growing at a CAGR of 37% during the forecast period 2022 to 2030. North America AI in healthcare market was valued at USD 6.8 billion in 2022. This suggests that companies with a viable healthcare-related AI product could benefit from the growing use of AI in healthcare.

Other Health Care AI Stocks to keep an eye out include HEALWELL AI Inc (TSX: AIDX), HEALWELL AI Inc (OTCQX: HWAIF), Exscientia PLC (NASDAQ: EXAI), Certara Inc. (NASDAQ: CERT), Relay Therapeutics Inc. (NASDAQ: RLAY), BioXcel Therapeutics Inc. (NASDAQ: BTAI), Royalty Pharma PLC (NASDAQ: RPRX), Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), International Business Machines Corp. (NYSE: IBM), GE HealthCare Technologies Inc. (NASDAQ: GEHC), VERSES AI Inc (OTCMKTS: VRSSF), VERSES AI Inc (CBOE: VERS)

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Sources: 

https://finance.yahoo.com/news/treatment-com-ai-welcomes-federal-120000957.html

https://www.cbc.ca/news/politics/federal-government-ai-investment-1.7166234

https://finance.yahoo.com/news/treatment-com-ai-funded-national-120000374.html

https://ca.finance.yahoo.com/news/healwell-ai-pentavere-achieves-validation-110000955.html

https://finance.yahoo.com/quote/TRUE.CN/

https://finance.yahoo.com/news/repeat-treatment-com-ai-announces-120000231.html

https://www.precedenceresearch.com/artificial-intelligence-in-healthcare-market#:~:text=The%20global%20artificial%20intelligence%20(AI,forecast%20period%202022%20to%202030.

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