The Future of Healthcare Has Gone Digital, Creating a Potentially Massive $245 Billion Market(1)
With Validation From the Bill and Melinda Gates Foundation,(2) AI/ML Innovations’ Digital Health Platform, Health Gauge, Could Be Game-Changing
At this point, the U.S. healthcare system is beyond repair.
That just can’t happen.
Fragmented care can easily cause a good deal of harm. For example, patients can — and I’m sure — have been prescribed medications without proper coordination. Plus, there’s the potential for sky-high medical costs thanks to unnecessary testing and the potential overuse of medication.
Again this just can’t happen — especially in a life or death situation.
It’s the key reason our broken multi-trillion healthcare system is going digital and creating a potential $245 billion(1) opening for a company like AI/ML Innovations Inc.’s Canada CSE: (AIML) U.S. OTC: (AIMLF).
Already, the digital transformation of healthcare is already having a positive impact.
According to Digital Authority Partners, here’s why:
What Exactly is Health Gauge?
Health Gauge is a leading digital health solutions provider in a potential $245 billion global digital health monitoring market.1(1) It’s poised to transform the traditional healthcare industry by providing AI innovations and services that can potentially improve health outcomes.(1) All while reducing costs and stresses on the overburdened healthcare infrastructure.(1)
Health Gauge is similar to what Livongo Health offered before it was acquired by Teladoc Health in an approximately $18.5 billion deal.(1)
In fact, Livongo used technology to aggregate data about patients’ chronic conditions (diabetes – with plans for hypertension, weight management, and behavioral health) and then interpret the data to “create actionable, personalized and timely health signals.”(1)
However, according to Health Gauge, its platform includes more automation, so there’s less possibility of human error, AI-powered analysis, and a broader range of applicability.
Even better, Health Gauge successfully displayed its proof-of-concept deployment in a study funded by The Bill and Melinda Gates Foundation, further validating its technology.
The study concluded:(2)
Physicians, other healthcare professionals, and individuals can apply and adapt the Health Gauge solution to a number of different health conditions and settings for personal health monitoring and management – showing the larger value of Health Gauge’s device and applications.
Blood pressure related pregnancy maladies are of concern globally, and a leading cause of death amongst pregnant women. Health Gauge’s products have both the ability and opportunity to capitalize on this critical women’s health issue, while providing an invaluable service that has a direct impact on health outcomes.”
With It, AI/ML Innovations Canada CSE: (AIML) U.S. OTC: (AIMLF) Could be Exposed to a Potential $245 Billion Market
The parent company of Health Gauge, AI/ML Innovations Inc., has realigned its business operations to capitalize on the burgeoning areas of artificial intelligence (AI) and machine learning (ML), with an initial focus on emerging companies in the digital healthcare space with wearable technology.
Health Gauge may be on course to become one of the world’s leading digital health solutions providers. All as it moves to transform traditional healthcare with AI innovations and services that could improve health outcomes. Not to mention, it could be a perfect solution to help reduce the overall costs of a severely overburdened healthcare system in the process.
Health Gauge is pushing into a potential $245 billion global digital health monitoring market(1) by partnering with leading channel partners, health benefits providers, and end-users through a proprietary combination of digital health monitoring devices, AI-based software, and cloud computing platforms.
See for yourself. Health Gauge looks to have a significant competitive advantage.
AI/ML Innovations Canada CSE: (AIML) U.S. OTC: (AIMLF) Also Just Introduced Its Digital Mental Health Subsidiary
At the moment, millions of people around the world are seeking help for mental health issues. All thanks to the global health situation. In fact, these issues have become so severe that the American Psychological Association (APA) says about 80% of adults (78%) say the global health situation is a significant source of stress. Two out of three adults (67%) also say it’s led to increased stress.(D)
It’s part of the reason why AI/ML Innovations entered into a strategic partnership with Paris, France based company, Tech2Health.(E)
Tech2Health is a digital healthcare innovator with a basket of wellness and health-tech products and services designed to improve an individual’s mental well-being by utilizing a unique blend of proprietary digital assets, remote live counseling, and a physical wellness center. Tech2Health has developed a clinically supported and evidence-based methodology. This system consists of psychotherapies and non-medicinal interventions that apply body and mind healing techniques supported by meditation, relaxation, mindfulness, yoga, sophrology and art therapy. All are delivered through a secure digital platform.(E)
In addition to its’ pre-commercial, digital therapy, and remote patient monitoring platform named Alakin, Tech2Health has three established branded mental wellness products – Qookka Live, Qookka Center, and Qookka DTx:(E)
- Qookka Live (B2B2C subscription model) provides easy access to personalized programs that combine teleconsultations with psychologists and live sessions with certified coaches. There is a particular focus on employee mental health services for Tech2Health’s corporate clientele.
- Qookka Center (B2C and B2B2C models) is a 230m2 space dedicated to mental health with a team of 8 therapists led by a psychiatrist. It is located strategically in Europe’s largest technology park in Sophia-Antipolis, France, home to 2,000 companies and over 30,000 engineers.
- Qookka DTx (B2C and B2B2C models) is a digital mental health therapy platform for high chronic anxiety and depressive patients administered by a psychiatrist.
- Alakin (B2B subscription model) is a full-stack SaaS digital therapy and remote patient monitoring platform. It allows hospitals and clinics to quickly commence a “no-code” value-based care program with their patients. Several pilot studies are being readied.
In addition, AI/ML just introduced its newest subsidiary, AI Rx Inc. (AIRX). This subsidiary was established by AIML to hold the exclusive North American commercial usage rights (USA, Canada, Mexico) to Tech2Health’s complete portfolio. This portfolio includes digital mental wellness and health-tech products, platform services, patents, technologies, brands, and trademarks.
Chief Executive Officer
Randy has a B.Sc. (Electrical / Computer Engineering), an M.Eng. (Management), and completed Exec development programs at UofT (Rotman Business School). Randy served in executive management with TELUS Health Solutions, Canada’s most significant digital health services company. There, Randy was lead on several multi-million dollar commercialized products ventures reviews and product development.
Over the past 25 years, Mr. Daniels has held the positions of Chairman, Director, CEO, and CFO for several Canadian and US-based, private, and publicly traded technology, biomedical and strategic hi-tech mineral companies. Mr. Daniels’ extensive management experience includes a focus on corporate finance, strategic planning, project development, and corporate governance matters. Mr. Daniels has led in the raising of many tens of millions of dollars for various projects and companies throughout his career. Before his involvement in public companies, Mr. Daniels spent 8 productive years in the investment industry as a licensed stockbroker, assistant manager, and an integral member of the new underwritings team. Mr. Daniels holds a Bachelor of Commerce degree, with a major in Corporate Finance from the University of Saskatchewan.
Mr. Watters is and has been a Director of several Public Companies and brings an extensive record of Corporate Governance experience to AI/ML Industries. Mr. Watters is a co-founder of several successful early-stage start-up enterprises. He has been an integral part of raising nearly $260 million for start-up and development opportunities in his career in a wide variety of sectors, including mining, high-tech, and the biotech industries. Mr. Watters is currently Business Development for East Africa Metals Inc. and serving as Director several to other Public Companies. He has been the President of his own private investment vehicle, Talisman Venture Partners, since 1999.
Chief Technical Officer
Bruce has an M.Sc. (Comp.Science) and over 25 years of experience in managing innovative teams and deploying cutting-edge software technology. Bruce has an extensive background in machine learning, Artificial Intelligence, and software engineering. Bruce served as CTO of AI Tech companies that raised millions of dollars in private money.
Source A: https://www.usnews.com/news/healthiest-communities/articles/2019-12-11/survey-finds-fragmented-us-health-care-impedes-coordination-among-providers
Source B: https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.2019.01088?journalCode=hlthaff
Source C: https://www.digitalauthority.me/resources/state-of-digital-transformation-healthcare/
Source D: https://www.apa.org/news/press/releases/stress/2020/report-october
Source E: https://www.marketwatch.com/press-release/demand-for-mental-health-services-showing-no-signs-of-slowing-2021-06-28-8197136?siteid=bigcharts&dist=bigcharts&tesla=y
Source 1: https://aiml-innovations.com/for-investors/ (Investor deck)
Source 2: https://aiml-innovations.com/wp-content/uploads/2021/02/PR-1-26-21.pdf
Source 3: https://www.wsj.com/articles/digital-health-startups-are-booming-their-customers-are-overwhelmed-11620039601
Source 4: https://www.investopedia.com/insights/why-healthcare-broken-us/
Source 5: https://pubmed.ncbi.nlm.nih.gov/20088632/
Source 6: https://www.forbes.com/sites/forbestechcouncil/2021/05/20/three-important-lessons-to-improve-digital-health-delivery/?sh=73c6f09c5c4f
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A leading digital health solutions provider poised to disrupt the traditional healthcare industry by providing AI innovations and services which improve health outcomes while reducing costs and stresses on the overburdened healthcare infrastructure.