Is TeleMentalHealth the Elephant in the Room?
I have a hunch & pray that what is about to be unveiled by Datametrex, is a TeleHealth/TeleMental Health platform that will set them apart from all others in the AI enabled TeleHealth space.
I’ve been noticing a lot of language in press releases and Corp video interviews with Marshall, a common reoccurring mentions of Mental Health when speaking about DM entrance into the Telehealth Space
Perhaps this is wishful thinking as my family has suffered loss of a loved one to Suicide and prevention has a special place in my heart ever since.
So I maybe wearing rose colored sunglasses when I offer this what I suspect could be our “Forest Through The Trees” that I so often mention here, and again, I could be way off base but here are a couple of such examples where a special notation to Mental Health keeps popping up.
Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") is pleased to announce today that it has entered into a binding Letter of Intent (the "LOI") to acquire 100% of Concierge Medical Consultant Inc. ("Concierge"), an arm's length private telehealth and medical concierge services company, incorporated under the laws of British Columbia (the "Transaction").
Subject to the completion of satisfactory due diligence by both Datametrex and Concierge, under the terms and conditions of the LOI, Datametrex and Concierge will enter into a Definitive Agreement (the "Definitive Agreement") on or about January 20, 2021.
The Company believes that in the current pandemic environment that there is a likely increase in mental health issues in society attributed to periods of extended isolation and related the disruption of social interaction. Accordingly, management of the Company feel that there is a significant need in the market place for provide personal health solutions and the Company recognizes telehealth and concierge medical service as a part of solution to this growing problem.
"We strongly believe that there is a growing need for remote health and wellness solutions as a result of the pandemic. The lockdowns and the isolation that Canadians have endured this past year have only increased the need for mental and physical health solutions. By providing Telehealth solutions we are able to keep people out of the already overwhelmed hospital infrastructure while at the same time providing Canadians with professional advice and care that they need and deserve.", said Andrew Ryu, the Company's Chairman
https://www.newsfilecorp.com/release/71541/Datametrex-Announces-the-Acquisition-of-Concierge-Medical
About Medi-Call
Medi-Call is a telemedicine company providing technology driven e-health or m-health care services
https://pro.ceo.ca/@newsfile/datametrex-announces-acquisition-of-telemedicine-company
According to this Press release below from 2018, Datametrex began building Suicide Ideation Tools for Governments back in 2018?
Is the build complete?
Have the surrounding privacy challenges been addressed and did the compounded stress from the Pandemic help facilitate this?
I mean if the global rate of suicide PrePandemic was 800,000 a year which is likely vastly underestimated as many deaths go unreported as suicides such as head on car collisions with tractor trailer trucks on highways or drownings for a couple of examples.
My point is that Covid 19 related deaths globally in 2020 as reported by the W.H.O. Was 813,0001
https://www.globenewswire.com/en/news-release/2018/11/06/1646327/0/en/Datametrex-Files-Patents-for-AI-Focused-on-Suicide-Prevention.html
Any AI companies that have designed tools to provide any solutions to aid a market as imperative as mental health and suicide prevention ranks much much larger in scale then a full blown Global Pandemic such as Covid 19 as seen in the numbers I quoted above, realizing that Covid 19 is a one off event that may last 2-3 years depending on variants , and hybridizing of vaccines.
Whereas Global Suicide rates match or exceed the Pandemic mortality rates and continue to grow on a yearly basis completely unabated with so few solutions (hard to detect, hard to treat, hard to prevent) and can continue to be a threat to a individual often for their entire lifetime ,
(they can’t make a vaccine for Suicide) easily putting Mental Health on a level of emergency for humanity that is unmatched by any other health challenge known and this assertion again was already based on
Pre-Pandemic metrics.
While the financial rewards for DM stepping up to provide Covid Testing Solutions may have been robust to say the least, despite operating in a sea of competitiveness with multitudes of similar solutions providers in the marketplace, some of which have been huge established healthcare industry conglomerates,
I will argue that if DM has in fact quietly been building out AI Machine Learning , Deep Learning tools for Suicide Ideation Detection , with the final piece of the puzzle being the addition of Computer Vision, then I would suggest DM could , with First Mover Advantage , seize a vast if not lions share of a Mental Health/Suicide Diagnostic Market that up until now , basically didn’t even exist , except for the Bricks & Motar Resources like informational leaflets and handouts and could equal in financial terms something perhaps equal to Cancer dare I say?
The enormity of this opportunity cannot be underestimated and simply staggering in projected scale & longevity.
DM's Covid Testing $75M to $150M approx. Windfall will look almost laughable when looking back.
(Not attempting to make AI projections here but fair to say, a lot bigger for a lot longer)
I have considered that Social Media Discovery Tools such as DM’s may have been somewhat problematic to commercialize and rollout when these Suicide prevention patents first conceived & filed due to privacy concerns, I will further suggest that the onset of Covid-19 has commanded a Global rethink equal to a War Footing.
Same privacy/security concerns prevented online meeting business models like Zoom to realize wide scale adoption Pre-Pandemic, but look what kind of disruptive sea change a Pandemic brought for it.
Also I would imagine these patents are no longer pending after 3 years since filing them.
https://www.weforum.org/agenda/2019/01/power-digital-tools-transform-mental-health-care-depression-anxiety/
Suicide Ideation Detection through a fusion of using AI enhanced (NLP) Natural Language Processing , Computer Vision, Machine Learning , Deep Learning
https://arxiv.org/pdf/1910.12611.pdf
Augmentation of Computer Vision for Mental Health Digitization
https://www.researchgate.net/publication/331147769_A_computer_vision_based_image_processing_system_for_depression_detection_among_students_for_counseling
Finally I will argue that Canada is possibly one of the most robust locations in the world to attempt such a trailblazing and launch mental health disruption.
While even as Canada attempts to look beyond this pandemic with a hopeful eye, we are still stuck in it, and we lag other countries in what the Macdonald Laurier’s Global Covid Misery Index
Not putting Canada exactly in a enviable position
https://www.macdonaldlaurier.ca/covid-misery-index/
And one of if not the heaviest lockeddowned countries in the world resulting in spiking levels of depression and mental health issues to unprecedented levels never seen in history.
Mental Health being the victim or the Cure being worse then the Disease.
This is why I make the argument here that This should cause a National rethink and post-pandemic Reimagined Mental Health
Reimagined Suicide Prevention emerge and if my hunch/hope is right, seeing Datametrex set this stage of disruptive transformation becoming the Rising Phoenix of Suicide Ideation Detection
So naturally I am eagerly looking forward to what Marshall decides to share with us tomorrow :-)
I have a hunch & pray that what is about to be unveiled by Datametrex, is a TeleHealth/TeleMental Health platform that will set them apart from all others in the AI enabled TeleHealth space.
I’ve been noticing a lot of language in press releases and Corp video interviews with Marshall, a common reoccurring mention of Mental Health when speaking about DM entrance into the Telehealth Space
Perhaps this is wishful thinking as my family has suffered loss of a loved one to Suicide and prevention has a special place in my heart.
So I maybe wearing rose colored sunglasses when I offer this what I suspect could be our “Forest Through The Trees” that I so often mention here, and I could be way off base but here are a couple of such examples where a special notation to Mental Health keeps popping up.
Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") is pleased to announce today that it has entered into a binding Letter of Intent (the "LOI") to acquire 100% of Concierge Medical Consultant Inc. ("Concierge"), an arm's length private telehealth and medical concierge services company, incorporated under the laws of British Columbia (the "Transaction").
Subject to the completion of satisfactory due diligence by both Datametrex and Concierge, under the terms and conditions of the LOI, Datametrex and Concierge will enter into a Definitive Agreement (the "Definitive Agreement") on or about January 20, 2021.
The Company believes that in the current pandemic environment that there is a likely increase in mental health issues in society attributed to periods of extended isolation and related the disruption of social interaction. Accordingly, management of the Company feel that there is a significant need in the market place for provide personal health solutions and the Company recognizes telehealth and concierge medical service as a part of solution to this growing problem.
"We strongly believe that there is a growing need for remote health and wellness solutions as a result of the pandemic. The lockdowns and the isolation that Canadians have endured this past year have only increased the need for mental and physical health solutions. By providing Telehealth solutions we are able to keep people out of the already overwhelmed hospital infrastructure while at the same time providing Canadians with professional advice and care that they need and deserve.", said Andrew Ryu, the Company's Chairman
https://www.newsfilecorp.com/release/71541/Datametrex-Announces-the-Acquisition-of-Concierge-Medical
About Medi-Call
Medi-Call is a telemedicine company providing technology driven e-health or m-health care services
https://pro.ceo.ca/@newsfile/datametrex-announces-acquisition-of-telemedicine-company
According to this Press release below from 2018, Datametrex began building Suicide Ideation Tools for Governments back in 2018?
Is the build complete?
Have the surrounding privacy challenges been addressed and did the compounded stress from the Pandemic help facilitate this?
I mean if the global rate of suicide PrePandemic was 800,000 a year which is likely vastly underestimated as many deaths go unreported as suicides such as head on car collisions with tractor trailer trucks on highways for or drownings for a couple of examples.
My point is that Covid 19 related deaths globally in 2020 as reported by the W.H.O. Was 813,0001
https://www.globenewswire.com/en/news-release/2018/11/06/1646327/0/en/Datametrex-Files-Patents-for-AI-Focused-on-Suicide-Prevention.html
Any AI companies that have designed tools to provide any solutions to aid a market as imperative as mental health and suicide prevention ranks larger in scale then a full blown Global Pandemic such as Covid 19 as seen in the numbers I quoted above, realizing that Covid 19 is a one off event that may last 2-3 years depending on variants , and hybridizing of vaccines.
When Global Suicide rates match or exceed the Pandemic mortality rates and continue to grow on a yearly basis completely unabated with so few solutions (hard to detect, hard to treat, hard to prevent, continues to be a threat to a individual often for a lifetime , (they can’t make a vaccine for Suicide) easily put Mental Health on a level of emergency for humanity that is unmatched by any or their health challenge known and this assertion again was based Pre-Pandemic metrics.
While the financial rewards for DM stepping up to provide Covid Testing Solutions have been robust to say the least, despite operating in a sea of competitiveness with multitudes of similar solutions providers in the marketplace, some been huge established healthcare industry conglomerates, I will argue that if DM has in fact quietly been building out Digital AI Machine Learning , Deep Learning for Suicide Ideation Detection Tools , with the final piece of the puzzle being the addition of Computer Vision, then I would suggest DM could seize a vast if not lions share of a Mental Health/Suicide Diagnostic Market that up until now , basically didn’t even exist , and could equal in financial terms something perhaps equal to Cancer dare I say?
The enormity of this opportunity cannot be underestimated and simply staggering.
I have considered that Social Media Discovery Tools such as DM’s may have been somewhat problematic to commercialize and rollout when first conceived due to privacy concerns, I will further suggest that the onset of Covid-19 has commanded a Global rethink equal to a War Footing.
Same privacy/security concerns prevented online meeting business models like Zoom to realize wide scale adoption Pre-Pandemic, but look what kind of disruptive sea change a Pandemic brought for it.
https://www.weforum.org/agenda/2019/01/power-digital-tools-transform-mental-health-care-depression-anxiety/
Suicide Ideation Detection through a fusion of using AI enhanced (NLP) Natural Language Processing , Computer Vision, Machine Learning , Deep Learning
https://arxiv.org/pdf/1910.12611.pdf
Augmentation of Computer Vision for Mental Health Digitization
https://www.researchgate.net/publication/331147769_A_computer_vision_based_image_processing_system_for_depression_detection_among_students_for_counseling
Finally I will argue that Canada is possibly one of the most robust locations in the world to attempt such a trailblazing and launch mental health disruption.
While even as Canada attempts to look beyond this pandemic with a hopeful eye, we are still stuck in it, and we lag other countries in what the Macdonald Laurier’s Global Covid Misery Index
Not putting Canada exactly in a enviable position
https://www.macdonaldlaurier.ca/covid-misery-index/
And one of if not the heaviest lockeddowned countries in the world resulting in spiking levels of depression and mental health issues to unprecedented levels never seen in history.
Mental Health being the victim or the Cure being worse then the Disease.
This is why I make the argument here that This should cause a National rethink and post-pandemic Reimagined Mental Health
Reimagined Suicide Prevention emerge and if my hunch/hope is right, seeing Datametrex set this stage of disruptive transformation becoming the Rising Phoenix of Suicide Ideation Detection
So naturally I am eagerly looking forward to what Marshall decides to share with us tomorrow :-)