Treatment

Treatment.com AI Inc. (TRUE:CSE; TREIF:OTCMKTS) announced that it would be granted funding from The National Institute of Health (NIH) to create a "culturally sensitive AI approach" when it comes to receiving familial medical histories for patients. 

This will be done in partnership with Minneapolis' Rush River Research, as the companies work together to create AI that will be culturally appropriate when engaging with African American families. 

According to the press release, "Current methods used by clinicians to collect family medical histories often do not satisfactorily capture important information from blended families or non-traditional relationships commonly found in racial or ethnic minority communities."

Dr. Kevin Peterson, the chief medical officer of Treatment.com AI, stated, "Old data approaches inevitably reflect old biases. Treatment confronts issues of historical bias by reinventing how data about families is collected and stored to reflect the realities of modern life."

Treatment.com AI noted that there is systematic bias and a history of trauma prevalent among African American communities in terms of healthcare. This can limit treatment as it may create information gaps about the health in patients' relatives. With this in mind, Treatment.com will be utilizing its AI to disrupt how family health is collected and recorded to "address existing disparities." The company will address these issues through focus groups with African American doctors and community members. 

With this partnership, Rush River and Treatment.com AI have submitted an expanded Phase 2 grant proposal to the NIH, which will allow them to expand their work. The aim is to shift this from a prototype into a commercial solution, with the goal of adoption and integration with standard electronic health records and online apps.

Implicit Bias in Medical Spaces

Treatment and Rush River are not the only ones who see this need to combat implicit bias in medical spaces.

According to a 2015 review by AM J Public Health, Most healthcare providers appear to have an implicit bias in terms of positive attitudes toward Whites and negative attitudes toward people of color." While the study reported that future studies are necessary to examine these relationships more closely, "Interventions targeting implicit attitudes among health care professionals are needed because implicit bias may contribute to health disparities for people of color."

A 2016 study published by Princeton University found that of 418 medical students, half endorsed incorrect beliefs about Black patients, including the false narrative that "their skin is thicker than white people's" and that their pain tolerance is higher.

This can lead to a lot of Black patients not being properly treated and increases the wariness of medical professionals in non-white communities. 

Market Estimated To reach US$148.4 Billion

Not only is there a need (as shown above) for culturally sensitive medical services, but the market for AI healthcare services and software is massive. 

Markets and Markets recently reported that the international AI healthcare market is valued at US$20.9 billion and estimated to reach us$148.4 billion by 2029, "registering a CAGR of 48.1%."

The growth will be facilitated by the expanding need to reduce costs in the healthcare sector, as well as the increased patient need. And AI is only getting more popular in the healthcare space.

According to reporting from Statista "In 2021, the artificial intelligence (AI) in healthcare market was worth around US$11 billion worldwide. It was forecast that the global healthcare AI market would be worth almost US$188 billion by 2030."

Treatment.com AI is ready to rise to that increased demand. As Technical Analyst Clive Maund wrote in a February posting, the company "should have a very bright future." Maund went on to reiterate that "the growth potential of this industry is enormous."

Maund went on to analyze Treatment's charts and found that not only was the growth potential there, but "with a breakout from the base pattern looking increasingly likely soon, the stock is rated a Strong Buy for all timeframes, and the upside potential from the current historically low level is very substantial, especially in percentage terms."

Additional Products on the Way

While specifics have not yet been released, Treatment.com AI has said it plans to release additional projects in the healthcare space in 2024. 

The company reported that any of these additional products could factor into a boost in their stock.

Ownership and Share Structure

According to Reuters, two insiders own 13.12%, or 4.87 million (4.87M) shares, of Treatment.com AI. They are Chief Medical Officer, Chairman and Director Dr. Kevin Peterson with 10.35% or 3.84M shares and John Fraser with 2.76% or 1.03M shares.

Retail investors own the remaining 86.88%. There are no institutional investors currently.

The company has 37.11M outstanding shares and 32.24M free float traded shares.

Its market cap is CA$17.33 million, and its 52-week trading range is CA$0.10−1.20 per share.

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