Treatment.com AI Announces Contract Renewal with Leading US Medical School
Rhea-AI Summary
Treatment.com AI Inc. announces the contract renewal with a leading US medical school for utilizing their Medical Education Suite. The company is also in talks with various other medical and nursing schools. Treatment aims to reduce costs, streamline administrative work, and provide real-time case testing for schools. The company plans to launch two new subscription-based SaaS solutions in the second half of 2024. The Medical Education Suite is powered by Treatment's AI Global Library of Medicine, offering accurate clinical information and support.
Positive
Treatment.com AI Inc. secures a contract renewal with a prominent US medical school, showcasing trust in their Medical Education Suite.
The company is expanding its reach by engaging with multiple medical and nursing schools, highlighting growth potential.
The launch of new subscription-based SaaS solutions in 2024 demonstrates Treatment's commitment to innovation and meeting the needs of healthcare professionals.
The AI Global Library of Medicine provides comprehensive and accurate clinical information, enhancing the quality of healthcare services.
Negative
While the contract renewal is positive, the company may face challenges in maintaining agreements with multiple institutions and ensuring consistent revenue streams.
Launching new solutions in the healthcare sector can be competitive, leading to potential challenges in market penetration and adoption.
News Market Reaction
On the day this news was published, TREIF declined 1.45%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) -- Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939) (the “Company” or “Treatment”) is excited to announce one of the leading US medical schools has agreed to a contract renewal utilizing Treatment’s Medical Education Suite (“MES”).
Treatment is also in discussions with a number of other medical and nursing schools, both in the US and internationally.
As reported previously, the market in the US alone comprises 300 medical schools; 900 nursing schools; 227,000 students and 145,000 residents/medical students.
For schools, MES aims to (i) reduce associated time, resources and lower costs involved in creating national exams (i.e. MCQs; OSCE); (ii) minimize the administrative work in grading and (iii) create a consistent and real-time approach for case testing and scoring. The OSCE exams are practiced by 57 countries globally.
Treatment also previously announced its intention to additionally launch in the second half of 2024, two new monthly subscription-based SaaS solutions for students, residents and other healthcare professionals.
The Medical Education Suite is underpinned by Treatment’s AI powered proprietary Global Library of Medicine (GLM), the most comprehensive and integrated online medical library. The GLM has been created with hundreds of credentialled clinicians globally to ensure the highest qualified clinical information and support to all healthcare professionals.
Dr. Essam Hamza, CEO of Treatment.com AI, comments: “I am delighted to announce this contract renewal and the strong and growing pipeline that we are building within the business. It underpins our focus on the next generation of clinicians, as well as streamlining the operational costs and time currently experienced by medical schools when running the premier exams (OSCE) to test student practical clinical decision making and reasoning. We also look forward to expanding our offerings to both the schools and in turn, their students and residents.”
About Treatment.com AI Inc.
Treatment.com AI is a company utilizing AI 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.com AI has built the world’s most intelligent, personalized healthcare AI engine, the Global Library of Medicine (GLM). Providing the highest qualified clinical information and support to all healthcare professionals, the GLM delivers >
FOR ADDITIONAL INFORMATION, CONTACT:
Dr. Essam Hamza, CEO
ehamza@treatment.com
If you would like to find out more about Treatment’s products and services, please email at info@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.
FAQ
What is the Medical Education Suite offered by Treatment.com AI Inc.?
The Medical Education Suite aims to reduce costs, streamline administrative work, and provide real-time case testing for medical and nursing schools.
What does the AI Global Library of Medicine provide?
The AI Global Library of Medicine offers accurate clinical information and support to healthcare professionals, delivering >92% accuracy on first diagnosis.
How is Treatment.com AI Inc. utilizing AI in the healthcare sector?
Treatment.com AI Inc. is using AI to disrupt the healthcare sector positively and address current inefficiencies and challenges.
