Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939)
(“
Treatment”) is pleased to announce it has signed
a Collaborative Agreement with SPRYT Limited
(“
SPRYT”). Both innovative AI healthcare
organizations, SPRYT and Treatment are exploring complementary
technology synergies, including Treatment’s proprietary Global
Library of Medicine (“GLM”), to build new solutions designed to
mitigate patient access challenges, administrative overheads for
healthcare professionals and cost inefficiencies throughout our
healthcare systems.
According to McKinsey, of nearly $4 Trillion spent on healthcare
annually in the United States, administrative spending is about
one-quarter of the total i.e. $1Trillion/yr* How to reduce
administrative spending in US healthcare | McKinsey
Treatment is partnering with SPRYT, an innovative AI healthcare
technology company, who has built an intelligent AI Medical Office
Assistant (MOA), Asa. Asa enables patients to book, change and pay
for appointments via instant message (WhatsApp/iMessage/SMS),
predicts no-shows, and provides personalized language to encourage
attendance at preventative healthcare appointments. SPRYT has
already announced partnerships within the UK National Health
Service (NHS). SPRYT is the first company to be approved to
integrate a solution using WhatsApp and AI for scheduling to a NHS
Electronic Health Record (EHR). Patient's can interact with Asa
like they would with a human MOA. The cost of missed medical
appointments in the US alone is estimated at $150 Billion/yr* The
Cost of Missed Medical Appointments: A Hidden Burden on Healthcare
- TransLoc
SPRYT incorporates behavioral science and applies generative AI
to adjust language and messaging to specific population segments to
help improve equitable access and optimize attendance at
appointments, through predicting and reducing “no shows”.
Treatment’s Global Library of Medicine (GLM) enables healthcare
professionals to capture a patient’s presenting symptoms, past
medical history and through smart proprietary algorithms, formulate
the most likely diagnosis and suggest the most important
tests/exams that should be performed. This history can then be
shared with the patient’s healthcare professional in real time and
also programmed to help with triaging patients more
efficiently.
Treatment and SPRYT intend to explore mutually beneficial
opportunities through the partnership, including within the UK,
North America and Middle East where both companies have already
made inroads.
The collaboration also allows SPRYT and Treatment to work
closely on testing and developing further new mutual joint
commercial applications and/or solutions. The intent of this
collaboration is to utilize AI and both company’s respective
technical and platform strengths, to eventually commercialize one
or more solutions, which help with cost reductions for healthcare
system payers, streamline inefficient processes and most
importantly deliver better support and engagement for patients and
healthcare professionals alike.
Dr. Essam Hamza, CEO of Treatment.com AI, comments: “ We are
very excited about this new collaboration with SPRYT which already
has a foothold in the UK and is making inroads around the world,
including the Middle East and USA. The intent of this collaboration
is to create an AI powered solution that not only reduces missed
appointments, but also takes a full medical history and helps
efficiently triage patients, all from the comfort of their home or
office. This has the promise to improve access and outcomes for
patients, reduce costs for payers, and greatly reduce
administrative burdens and costs for healthcare providers.”
Daragh Donohue, Founder and CEO of SPRYT comments: ”We are
delighted to be collaborating with Treatment.com. By combining our
AI receptionist Asa, which acts as a front door to the healthcare
system, with Treatment.com's technology that takes a full medical
history and helps triage patients, we can significantly improve
patient experience while reducing admin burden within healthcare
systems. Patients today face a complex and overburdened healthcare
sector, and this partnership allows us to leverage our
complementary technologies to create a more accessible, efficient,
and patient-centric healthcare ecosystem.”
Further, the Company announces that the Company
has engaged Interactive Media Group of Texas, USA (“IMG”) to
conduct a marketing awareness program for the Company for a period
of one (1) month commencing on September 24, 2024, in consideration
of a payment of USD$23,000. IMG does not currently own any
interest, directly or indirectly, in the Company or its
securities.
About Treatment.com AI Inc.
Treatment.com AI is a company utilizing AI and best clinical
practices to positively disrupt the healthcare sector and impact
current inefficiencies and challenges. Over the past 7+ years and
with the input of hundreds of healthcare professionals globally,
Treatment has built a comprehensive, personalized healthcare AI
engine, the Global Library of Medicine (GLM). Providing highly
qualified clinical information and support to all healthcare
professionals, the GLM delivers >92%+ accuracy on first
diagnosis as well as providing recommended tests (physical and
lab), x-rays, and billing codes. The GLM helps healthcare
professionals (doctor, nurse or pharmacist) reduce their
administrative burden; create more time for needed face to face
patient appointments and has the propensity for greater consistency
in quality of patient support. Treatment also focuses on the next
generation of healthcare professionals supporting Medical and
Nursing schools, utilizing the GLM to help enhance the practical
clinical skills of their students. Treatment’s GLM platform also
brings the possibility of health equity and inclusion for
disenfranchised communities. To learn more about Treatment’s
products and services: www.treatment.com or email:
info@treatment.com
About SPRYT
SPRYT is a healthcare technology
company focused on improving appointment attendance and reducing
operational inefficiencies in healthcare. SPRYT has developed an AI
receptionist, Asa, that offers patients the convenience of managing
and paying for their appointments via WhatsApp/RCS/SMS at any time,
interacting as they would with a human receptionist, in their
preferred language. Asa uses AI to predict/reduce no-shows, easing
the burden on care teams. SPRYT is headquartered in Ireland. Find
out more information here:
https://www.spryt.com/
Contact: If you would like to find out
more about SPRYT, please contact:
neill@spryt.com,
FOR ADDITIONAL INFORMATION, CONTACT:
Dr. Essam Hamza, CEO
ehamza@treatment.com
For media inquiries, contact:
media@treatment.com
Call: +1 (612) 788-8900 / Toll-Free USA/Canada: +1 (888)
788-8955
Cautionary Statements
This news release contains forward-looking statements that are
based on Treatment.com AI’s expectations, estimates and projections
regarding its business and the economic environment in which it
operates, including with respect to the implementation of its
shareholder communications initiative and the timing thereof.
Although Treatment.com believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or
predict. Therefore, actual outcomes and results may differ
materially from those expressed in these forward-looking
statements, and readers should not place undue reliance on such
statements. These forward-looking statements speak only as of the
date on which they are made, and Treatment.com undertakes no
obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances unless otherwise
required to do so by law.
The Canadian Securities Exchange does not accept responsibility
for the adequacy or accuracy of this release.