Treatment.com AI and SPRYT Join Forces to Improve Patient Access to Healthcare Services
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF) has signed a Collaborative Agreement with SPRYT to explore AI-powered solutions for healthcare challenges. The partnership aims to combine Treatment's Global Library of Medicine (GLM) with SPRYT's AI Medical Office Assistant, Asa, to create an innovative patient onboarding and triaging tool. This collaboration targets reducing administrative costs, which account for 25% ($1 trillion) of annual US healthcare spending, and addressing the $150 billion annual cost of missed appointments.
The partnership aims to improve patient access, reduce healthcare system costs, and streamline processes for healthcare professionals. SPRYT's Asa allows patients to book and manage appointments via messaging apps, while Treatment's GLM provides comprehensive medical history and diagnosis suggestions. The collaboration will focus on developing solutions for markets in the UK, North America, and the Middle East.
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF) ha firmato un Accordo Collaborativo con SPRYT per esplorare soluzioni basate sull'IA per le sfide sanitarie. L'obiettivo della partnership è combinare la Biblioteca Globale di Medicina (GLM) di Treatment con l'Assistente Medico Virtuale di SPRYT, Asa, per creare uno strumento innovativo per l'accoglienza e la triage dei pazienti. Questa collaborazione mira a ridurre i costi amministrativi, che rappresentano il 25% (1 trilione di dollari) della spesa sanitaria annuale negli Stati Uniti, e affrontare il costo annuale di 150 miliardi di dollari per le prenotazioni mancate.
La partnership ha come obiettivo quello di migliorare l'accesso dei pazienti, ridurre i costi del sistema sanitario e semplificare i processi per i professionisti della salute. L'Asa di SPRYT consente ai pazienti di prenotare e gestire gli appuntamenti tramite app di messaggistica, mentre la GLM di Treatment fornisce una storia clinica completa e suggerimenti per la diagnosi. La collaborazione si concentrerà sullo sviluppo di soluzioni per i mercati nel Regno Unito, in Nord America e nel Medio Oriente.
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF) ha firmado un Acuerdo de Colaboración con SPRYT para explorar soluciones impulsadas por IA para los desafíos en el sector salud. La asociación tiene como objetivo combinar la Biblioteca Global de Medicina (GLM) de Treatment con el Asistente Médico Virtual de SPRYT, Asa, para crear una herramienta innovadora de onboarding y triaje de pacientes. Esta colaboración busca reducir los costos administrativos, que representan el 25% (1 billón de dólares) del gasto anual en atención médica en EE.UU., y abordar el costo anual de 150 mil millones de dólares por citas perdidas.
La colaboración tiene como meta mejorar el acceso de los pacientes, reducir los costos del sistema de salud y optimizar los procesos para los profesionales de la salud. Asa de SPRYT permite a los pacientes reservar y gestionar citas a través de aplicaciones de mensajería, mientras que la GLM de Treatment proporciona un historial médico completo y sugerencias de diagnóstico. La colaboración se enfocará en desarrollar soluciones para los mercados del Reino Unido, Norteamérica y Medio Oriente.
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF)는 SPRYT와 협력 계약을 체결하고 AI 기반의 건강 관리 솔루션을 모색하고 있습니다. 이 파트너십의 목표는 Treatment의 Global Library of Medicine(GLM)과 SPRYT의 AI 의료 비서 Asa를 결합하여 혁신적인 환자 온보딩 및 분류 도구를 만드는 것입니다. 이 협력은 연간 미국 건강 관리 비용의 25%(1조 달러)를 차지하는 행정 비용을 줄이는 것을 목표로 하며, 결석 예약에 대한 연간 1,500억 달러 비용을 해결하는 데 초점을 맞추고 있습니다.
이번 파트너십은 환자의 접근성을 개선하고, 건강 관리 시스템의 비용을 줄이며, 보건 전문가의 프로세스를 간소화하는 것을 목표로 합니다. SPRYT의 Asa는 환자가 메시징 앱을 통해 예약 및 관리를 할 수 있도록 도와주며, Treatment의 GLM은 포괄적인 의무 기록과 진단 제안을 제공합니다. 이 협력은 영국, 북미 및 중동 시장에서의 솔루션 개발에 주력할 것입니다.
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF) a signé un Accord de Collaboration avec SPRYT pour explorer des solutions alimentées par l'IA pour les défis de la santé. Le partenariat vise à combiner la Bibliothèque Mondiale de Médecine (GLM) de Treatment avec l'Assistant Médical IA de SPRYT, Asa, afin de créer un outil innovant d'accueil et de tri des patients. Cette collaboration vise à réduire les coûts administratifs, qui représentent 25 % (1 trillion de dollars) des dépenses annuelles de santé aux États-Unis, et à s'attaquer au coût annuel de 150 milliards de dollars des rendez-vous manqués.
Le partenariat a pour objectif d'améliorer l'accès des patients, de réduire les coûts du système de santé et de rationaliser les processus pour les professionnels de la santé. Asa de SPRYT permet aux patients de réserver et de gérer des rendez-vous via des applications de messagerie, tandis que la GLM de Treatment fournit un historique médical complet et des suggestions de diagnostic. La collaboration se concentrera sur le développement de solutions pour les marchés du Royaume-Uni, d'Amérique du Nord et du Moyen-Orient.
Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF) hat eine Kooperationsvereinbarung mit SPRYT unterzeichnet, um KI-gestützte Lösungen für Herausforderungen im Gesundheitswesen zu erkunden. Ziel der Partnerschaft ist es, die Globale Medizinbibliothek (GLM) von Treatment mit dem KI-Medizinassistenzsystem Asa von SPRYT zu kombinieren, um ein innovatives Tool zur Patientenanmeldung und -triage zu schaffen. Diese Zusammenarbeit zielt darauf ab, verwaltungsbedingte Kosten zu senken, die 25 % (1 Billion US-Dollar) der jährlichen Gesundheitsausgaben in den USA ausmachen, und die jährlichen Kosten von 150 Milliarden US-Dollar für versäumte Termine zu beheben.
Die Partnerschaft zielt darauf ab, den Patienten Zugang zu verbessern, die Kosten des Gesundheitssystems zu senken und Prozesse für Fachkräfte im Gesundheitswesen zu optimieren. Asas von SPRYT ermöglicht es Patienten, Termine über Messaging-Apps zu buchen und zu verwalten, während die GLM von Treatment eine umfassende medizinische Vorgeschichte und Diagnoseschläge bereitstellt. Die Zusammenarbeit wird sich auf die Entwicklung von Lösungen für die Märkte im Vereinigten Königreich, Nordamerika und im Nahen Osten konzentrieren.
- Partnership aims to reduce $1 trillion annual administrative costs in US healthcare
- Potential to address $150 billion annual cost of missed appointments
- SPRYT's AI assistant Asa already approved for NHS Electronic Health Record integration
- Collaboration targets key markets in UK, North America, and Middle East
- Potential for improved patient access and reduced healthcare system costs
- No immediate revenue impact mentioned from the collaboration
- Uncertain timeline for development and commercialization of joint solutions
- Potential competition from other AI healthcare solutions in the market
- SPRYT has developed an AI receptionist called Asa - Medical Office Assistant (MOA) in your pocket
- Patients communicate with Asa via standard messaging apps such as WhatsApp and SMS/RCS. No app download required
25% of healthcare spending in the USA stems from administrative tasks such as billing and scheduling. This is over$1Trillion /yr- Cost of missed appointments in the US alone is
$150 Billion /yr - Combining with Treatment AI's Global Library of Medicine will look to create one of the world's first AI powered patient onboarding and triaging tools at the time of booking
VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- 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
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
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
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 >
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
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 purpose of the collaboration between Treatment.com AI (TREIF) and SPRYT?
How much could Treatment.com AI (TREIF) and SPRYT's collaboration potentially save in US healthcare costs?
What markets will Treatment.com AI (TREIF) and SPRYT focus on for their collaborative solutions?
What is SPRYT's AI Medical Office Assistant, Asa, capable of doing?
