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London – October 21, 2021 – TikTok’s nearly 700 million users seek medical advice from random individuals and charlatans, since anyone can claim to be a medical expert on this raging social media machine. Dr. Google is also working overtime, receiving more than one billion healthcare questions every day. Web MD is recording over one billion searches a year, too. Mentioned in today’s commentary includes: American Well Corporation (NYSE: AMWL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Alphabet Inc. (NASDAQ: GOOG).
When you combine this voracious hunger for digital diagnosis, symptom checkers and immediate medical assistance, with a global mobile app market whose revenues had already hit $365 billion in 2018, and are now on track to generate over $935 billion by 2023 …You get one of the best bets on disrupting the virtual medicine industry to date. You get Big Tech built by doctors for doctors in the Global Library of Medicine (GLM).
Meet Cara, the new, sophisticated AI, powered by the unique Global Library of Medicine, that has been trained by hundreds of doctors to think just like them. Cara will be launching at the end of November, marking the first time in our medical history that we can check our symptoms online, at the touch of a button, and truly trust what we are being told.
Over the past five years, Treatment.com (TRUE; TREIF) has been developing the world’s next-generation AI symptom checker, picking up where the billions of requests were left hanging by Google and WebMD … and certainly by TikTok.
A Digital Fix for a Broken Healthcare System
An overwhelming majority of Americans find the healthcare system impossible to navigate. Nearly three-quarters have no idea how they will afford their healthcare. Those two facts have led to a shocking increase in at-home health solutions.
From 2019 to 2020–even before the COVID-19 outbreak–telemedicine grew by 46%. In 2020 alone, wellness apps were downloaded 1.2 billion times.
Major investment into the telemedicine space combined with a massive increase in uptake and rapidly rising favor among consumers has seen telehealth increase 38X so far in 2021 from pre-COVID levels.
The Digital Doctor Is In
Working with the University of Minnesota Medical School, Treatment.com (TRUE; TREIF) has gathered the best doctors and tech engineers that built the Global Library of Medicine (GLM) from around the world to teach Cara.
Cara integrates everything by providing consumers with a bridge to wellness, telemedicine, pharma and health products …Cara asks consumers questions about their symptoms and then sorts through millions of pieces of information that include historical medical cases, demographic data and advances in medical knowledge. The end result is a more accurate recommendation than any other digital tool in the world.
How Does Cara Make Money?
Consumers will pay for recommendations through premium app subscriptions, and Treatment.com’s next move with Cara will be to add a series of paid plugins for everything from dermatology specialty segments, to cardiology.
Additionally, Treatment.com will seek health and wellness partners to integrate to access qualified referrals and improve efficiencies, while simultaneously reducing costs. In healthcare, big data like this helps avoid preventable diseases by detecting them in their early stages.
The market for big data analytics in healthcare could be worth an astounding $68 billion by 2025, and Treatment.com will have a major advantage with Cara.
WebMD–a private company–is valued at $2.8 billion, and it doesn’t even have any AI to back it up. Treatment.com, (TRUE; TREIF) which listed on the Canadian Securities Exchange on April 19th, 2021, is about to launch a healthcare app that could completely change the way we view and access healthcare.
The Next Healthcare Wave
The healthcare industry is overripe for disruption, and it’s being disrupted in waves. The most recent wave saw Babylon Health, valued at $4.2 billion in its latest funding round, explode on the scene with an AI-powered platform for virtual clinical operations. Babylon is about to go public via a SPAC deal through a $4.2-billion merger with Alkuri Global Acquisition Corp., led by former Groupon executives.
It’s also been disrupted by Teladoc Health, the $25-billion telemedicine behemoth that has nicely rewarded investors. Investors who jumped in on this in early 2018 could have seen gains of over 1,500% by January this year.
When investors miss one wave, they move on to the next because the healthcare industry is set to see wave after wave of disruption, and Cara comes next. Set to launch by the end of October, Cara is about to go mainstream, and because of the global experts behind it, it stands a good chance of becoming the next app to go from zero to hero–and perhaps to billions.
- unfettered access to a data goldmine
- A Global Library of Medicine (GLM) that is continually updated and referenced by its AI engine that will eventually scale up to all ~10,000 diseases known to man
- Proprietary IP that could one day be worth billions of dollars
- Massive growth runways
The next healthcare disruption is about empowering consumers to take better care–and control–of their health, and early-in investors may have a unique opportunity here with a new app that puts another big patch on a broken healthcare system.
Tech Is Changing Everything
It’s no doubt that American Well Corp (AMWL) has its sights set on the future of medication. In fact, a recent survey on the topic conducted by the company suggests that tha decision makers in hospitals, clinicians, and more are looking at telehealth becoming a permanent fixture for care delivery moving forward.
Ido Schoenberg, Chairman and Co-CEO, American Well Corp. explained, “During the pandemic, telehealth proved to be a critical, and in many cases the only connection point between patients and care teams. For many organizations that meant launching and scaling telehealth as quickly as possible. Now, healthcare decision-makers are taking stock of the systems and solutions they implemented, and many are realizing that what proved useful and successful amid emergent situations is simply not robust enough to meet ongoing care delivery goals and need.”
Alphabet Inc (GOOGL) the parent company of Google, is making major waves in the world of health and wellness. From its COVID-19 initiatives to its FitBit product, Google is committed to helping the world live its healthiest life. Perhaps even more importantly, however, it is working on key technology that will help physicians optimize their time and make better choices along the way.
Google’s Care Studio is a brand-new software solution that will help doctors digitalize patient records while keeping this important data private and secure. In a note from the company’s blog, Google explains, “Care Studio streamlines key clinician workflows so that teams can quickly get the information they need to care for patients. It brings together patient records from the multiple EHRs an organization uses – giving clinicians a centralized view of patient data and the ability to search across these records.”
Microsoft Corporation (MSFT) is no stranger to the healthcare industry, either. Just last year, the technology giant expanded its cloud services into healthcare, allowing providers to manage healthcare data at scale, making it easier for clinicians to provide excellent patient experiences, coordinate care, and more, all while keeping data safe and in compliance.
Microsoft Corporation didn’t stop there, either. It has also created new infrastructure to help provide telehealth services and other virtual offerings. Tom McGuinness, Corporate Vice President, Worldwide Health, at Microsoft explained in a company blog post, “We’re introducing new Microsoft Dynamics 365 patient access features to streamline virtual experience for patients by allowing more flexibility in self-scheduling both virtual and in-person appointments through their existing patient portal and integrating virtual health assistants, like the Azure Health Bot service, for triaging, scheduling, and making it seamless to receive follow-up and wellness guidance from their care team.”
Amazon.com, Inc. (AMZN) isn’t all about e-commerce and entertainment. It’s also dipping its toes into the healthcare realm with Amazon Care. Initially deployed to help provide Amazon employees and their families with access to immediate high quality medical care through the use of chat and video conference capabilities, the project is now heading to the public. Well, to other businesses, at least.
Additionally, Amazon.com, Inc is also on the cutting edge of artifical intelligence and machine learning in the healthcare realm. Using Amazon’s cloud infrastructure, AWS, companies will be able to make sense of health data, increase the pace of innovation and build new solutions on a trusted platform that will help keep vulnerable data safe and individuals’ privacy as a top priority.
While many might overlook Apple Inc (AAPL) as a major player in the world of healthcare, its iWatch and associated applications are invaluable tools in monitoring individuals’ health. It is innovations like these that will help shape the future of medicine, and in turn help humanity live healthier, happier lives.
From its efforts to increase access to COVID-19 vaccinations to its Fitness+ app, Apple Inc. is making waves in the future of health. In fact, just recently, the company announced that it will be expanding Apple Fitness+ services to include a number of new workouts, group sessions and even meditation features.
By. Charles Kennedy
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