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There's a massive announcement set to take place later this year, and it could change the $12 trillion healthcare industry forever. Over the last 2 years, we've seen a huge transformation as businesses across nearly every industry have gone digital. And with the health crisis sweeping the globe last year, the healthcare sector was no different. Mentioned in today's commentary includes: Brookfield Renewable Partners L.P. (NYSE: BEP), LifeStance Health Group, Inc. (NASDAQ: LFST), Teladoc Health, Inc. (NYSE: TDOC), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), American Well Corporation (NYSE: AMWL).
-- Today, over 1 billion people Google their health conditions every day, seeking out information on their symptoms before calling their doctor.
-- Wellness apps have become the most downloaded in the app store, with 1.2 billion downloads throughout 2020.
-- And the rise of telemedicine has brought doctors' visits to the comfort of your own home, as this trend has grown 46% from 2019 to 2020.
That's why we're now on the verge of a healthcare revolution, set to leverage the latest technology to disrupt a bloated and complicated system.
The New York Times says, "Artificial intelligence could transform medicine." Forbes predicts, "Artificial intelligence (AI) is poised to change the healthcare [...] industry in ways we couldn't have imagined only years ago." And even Big Tech giants are becoming healthcare companies, as Microsoft acquired the healthcare AI company, Nuance, for $19.7 billion earlier this year.
That makes it Microsoft's second-largest acquisition in history, which should give us a clue as to how important this shift in the healthcare system could become. But one small company with a big company vision, could soon play a major role in this healthcare revolution, as they're finally set to release their new technology after 5 years in the making.
Treatment.com International (TRUE; TREIF) brought together over 40 world-class medical experts from around the world to create the global library of medicine driven by a unique AI system that can think like a real doctor.
Now, the company is set to release it to the world in the coming months. And with its sophisticated AI symptom assessment and tracking tool, this could soon be one of the biggest developments to the healthcare system in years.
The Breakthrough Tech Trained To Think Like A Doctor
Treatment.com's new Intelligent AI Driven Digital Assistant in Cara, on the other hand, sorts through millions of pieces of data to deliver the most accurate information.
Cara will help patients to not only understand what their symptoms mean and what they're mostly likely facing...It will also help people and their caregivers monitor and track those symptoms over time.
Add to that the ability to receive personalized support and follow-up over time, and it could become an essential tool in this new healthcare revolution. With the help of world-class medical experts and engineers, they've created a unique new way to support better health and to provide access for anyone to enjoy.
Driving Recurring Revenue From New Angles?
Cara will also offer recommendations to other paid products and services like telemedicine, specialists, pharmacies, and other health products when appropriate for that next level of care. This will also provide Treatment.com with another form of revenue through referral income.
The company can also license out the AI technology to medical clinics and academic institutions like they have at the University of Minnesota. They've already tested the software in busy clinics, and it's showing promise in helping to streamline visits to save time and improving the accuracy of diagnoses for patients. With AI set to transform the $12 trillion healthcare system, it could soon pay massive dividends as Treatment.com is set to release the Cara app later this year.
Treatment.com (TRUE; TREIF) is now set to release the Cara app in the coming months, which could provide a major catalyst for Treatment.com to add its name as a major player in the industry in 2022 and beyond.
Tech is bringing the world into the future:
It's no secret. The world is going to be running on renewables in just a few decades. And Brookfield Renewable Partners LP (BEP) is one of the companies leading the charge. Brookfield is a global giant when it comes to renewables, and hydrogen is its newest game. This time last year, Brookfield joined forces with one of the most exciting pure-play hydrogen fuel cell stocks, Plug Power (PLUG). PLUG has had its ups and down, and might now be entering another new phase of reward for investors, but it's Brookfield that is the steady climber in the sector.
Brookfield is already looking to community solutions, including a first of its kind solar partnership in Washington D.C. And it's addressing other issues, including a major clean water initiative in Brazil - something that will indirectly help keep people healthy for years to come.
Lifestance Health Group Inc (LFST) is a company that looks beyond profitability, as well. It is a company that truly cares about the well-being of the world. Recently, Lifestance Health Group donated a significant chunk of change to the U.S. Paralympic Foundation and another donation to the Mental Health Coalition. Mike Lester, Director, LifeStance Health Foundation, said in a release, "Unifying physical and mental health is critically important for all of us, and we stand in support of elite athletes like Simone Biles and Naomi Osaka encouraging the destigmatization of mental health and speaking openly about their own challenges."
Lifestance Health is a company that provides healthcare services to individuals and families in the United States. The company has experienced rapid growth since its founding, with a focus on improving patient outcomes and efficiency of care delivery. Lifestance Health Group continues to innovate by investing in emerging technologies like artificial intelligence (AI) and machine learning (ML). Lifestance's mission is "to provide access to quality health care for all."
In early October, Health Inc (TDOC), announced that its primary care service, Primary360, will be available to commercial health plans, employers, and other organizations that sponsor health care for individuals and families in the United States. This is huge because it will open the door to a massive amount of people who may have otherwise fallen between the cracks.
"Primary360 has the unique power to drive the unified health care experience that consumers are demanding by removing longstanding barriers like access, cost and convenience," adding "Primary360 gives people greater control over their healthcare experience without losing the personal connection they seek - all from a brand that they trust," Donna Boyer, chief product officer at Teladoc Health, explained.
On October 5th, Mind Medicine (MindMed) Inc (MNMD) announced a major partnership with Sphere Health to launch a new study harnessing existing consumer technology to build an exciting new data set which could be used to create more efficient machine learning tools to potentially show association with and predict symptoms of mental health issues such as anxiety and depression.
"We are thrilled to have Sphere Health as a partner in this endeavor. As the ways in which individuals use technology to access care continues to evolve, so can our understanding of mental illness and mental health. The use of technology has the potential to offer a level of sensitivity and precision which does not currently exist in our models of these disorders and, we hope, will ultimately lead to better outcomes in our ability to help the folks who suffer from them" Daniel R. Karlin, MD MA, Chief Medical Officer of MindMed, explained.
American Well Corp (AMWL) is another company betting big on video and voice services in the healthcare industry. American Well Corp. 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."
By. John Atronis
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