West China Healthcare System Launches First Commercial Insurance Center in Lecheng in Partnership with Yishu Health

Lead: On March 24, 2026, West China Lecheng Hospital of Sichuan University and Yishu Health completed the signing of a strategic cooperation agreement in the Boao Lecheng International Medical Tourism Pilot Zone, and officially unveiled the “Commercial Insurance Center.”Yishu Health Becomes the First PBM to Co-establish a “Commercial Insurance Center” with Huaxi Lecheng Hospital(Pharmaceutical Benefits and Payment Platform) PingPartner on the Platform。Liao Jingle, Deputy Director of the Boao Lecheng International Medical Tourism Pilot Zone Administration; Liu Yi, President of West China Lecheng Hospital; Yu Jie, Chairman of Hainan Holdings Lecheng; Gao Xueli, Deputy General Manager of Sinopharm Group’s Hainan Branch and Chairman of Sinopharm Lecheng; Song Yiran, Founder and CEO of Yishu Health; as well as representatives from insurance partners including Haibao Life Insurance Co., Ltd. and Jiangtai Insurance Brokers, attended the ceremony. This collaboration aims toDirect Billing for Commercial Insuranceas the core focus, deeply integrate Lecheng’s policy advantages, West China Hospital’s clinical resources, and Yishu’s payment capabilities to exploreA New Path to “Innovative Healthcare Accessibility”

Integration and Innovation, Inclusive Sharing. On March 24, 2026, the strategic cooperation signing ceremony between West China Boao Lecheng Hospital of Sichuan University and Shanghai Yishu Health Technology Co., Ltd., along with the unveiling ceremony of the "Commercial Insurance Center," was grandly held in the Boao Lecheng International Medical Tourism Pilot Zone. Attendees included Liao Jingle, Deputy Director of the Lecheng Administration; Liu Yi, President of West China Boao Lecheng Hospital of Sichuan University; Wang Xiaoyi, Liu Yan, and Xiao Hanxi, Vice Presidents of the hospital; Yu Jie, Chairman of Hainan Haikong Lecheng Investment Development Co., Ltd.; Gao Xueli, Deputy General Manager of Sinopharm Holding Hainan Co., Ltd. (hereinafter referred to as "Sinopharm Hainan") and Chairman of Hainan Boao Lecheng Sinopharm Pharmaceutical Co., Ltd. (hereinafter referred to as "Lecheng Sinopharm"); Song Yiran, Founder and CEO of Yishu Health; as well as representatives of Yishu Health’s insurance ecosystem partners, including Haibao Life Insurance Co., Ltd., Jiangtai Insurance Brokers, and Sunshine Health (incubated by Sunshine Insurance Group), alongside core management teams from both parties, who jointly witnessed the event.“Yishu × Huaxi Lecheng Commercial Insurance Center” Officially Unveiled, a historic moment in Lecheng as the first new pathway for innovative medical accessibility is implemented.

Unveiling Ceremony Site

Since its establishment, the Boao Lecheng International Medical Tourism Pilot Zone has consistently upheld “pioneering trials” as its core mission, taking the lead in facilitating the implementation and application of cutting-edge international medical technologies and innovative drugs and medical devices. With the comprehensive launch of island-wide customs closure operations in the Hainan Free Trade Port, the “zero-tariff” policy and a more conducive environment for capital flows are enabling Lecheng to build"Healthcare + Insurance + Pharmaceuticals" Full-Chain Innovation EcosystemCreated historical opportunities.

Liao Jingle, Deputy Director of the Lecheng Administration Bureau, stated in his address that Lecheng has always regarded the synergy of “policy + resources + ecosystem” as the core pathway for promoting the implementation of innovative medical solutions. This tripartite collaboration represents an important practice in organically integrating Lecheng’s policy advantages, West China Hospital’s clinical depth, and Yishu Health’s payment capabilities, and also marks Lecheng’s pioneering efforts in driving"Direct Billing with Commercial Insurance" Model Implementationof key exploration. He looks forward to leveraging this collaboration as an opportunity for Boao Lecheng to establish itself in the field of "accessibility of innovative medical care"A replicable and scalable paradigm sample,Accumulate Valuable Experience for China's Healthcare Payment Reform.

Address by Liao Jingle, Deputy Director of the Hainan Boao Lecheng International Medical Tourism Pilot Zone Administration

Accessibility of innovative drugs and medical devices is a core issue jointly faced by commercial health insurance and the innovative healthcare industry. As an increasing number of innovative drugs and medical devices are included in the coverage of commercial insurance, and the alignment between commercial insurance products and clinical needs continues to deepen, how to enable commercial insurance to truly play its role at every critical juncture of patient diagnosis and treatment"Practical and Implementable""，Emerging as a new direction for joint exploration by the commercial insurance industry and healthcare institutions.

In this regard, Liao Jingle, Deputy Director of the Boao Lecheng International Medical Tourism Pilot Zone Administration, personally witnessed and participated in the signing and unveiling ceremony. Liu Yi, President of West China Lecheng Hospital, stated: "The policy environment in Boao Lecheng has given us the courage to pioneer and test new approaches; West China Hospital’s clinical expertise has provided us with the confidence to safeguard patients; and Yishu Health has empowered us with the determination to break down barriers.”Gao Xueli, Deputy General Manager of Sinopharm Holdings Hainan and Chairman of Lecheng Sinopharm, also stated at the ceremony that Sinopharm Holdings’ equity investment in Yishu Health aims to leverage its extensive expertise in pharmaceutical distribution and supply chain management to support Yishu’s ongoing exploration of commercial insurance payment models and accessibility of innovative drugs, thereby promotingHealthcare, Insurance, and Pharmaceutical SectorsA True Convergence in the Same Scenario: The Commercial Insurance Distributed Fulfillment Platform Jointly Promoted by Yishu Health and Sinopharm Holdings“Yi Yao Cloud Warehouse”, leveraging Sinopharm Holdings’ nationwide warehousing and distribution network, it has been first implemented in Changsha and is continuously expanding across China, serving as a concrete manifestation of the collaborative logic between the two parties.

 Address by Liu Yi, President of West China Lecheng Hospital, Sichuan University

Yishu × Huaxi Lecheng Commercial Insurance Center is hereby established. Yishu Health, asSinopharm Holdings’ Equity Stake in a Pharmacy Benefit Management (PBM) and Payment Platform, with long-term deep engagement in the payment pathways for commercial health insurance and innovative drugs, committed to transforming commercial insurance from"Post-Claim Reimbursement Tool" Upgraded to "Proactive Payment Partner". As Song Yiran, Founder and CEO of Yishu Health, stated: “As a Pharmacy Benefit Management (PBM) platform, Yishu has been dedicated to one mission—making commercial insurance a true payment partner for innovative medical care. Rather than merely appearing at the stage of patient reimbursement, we proactively engage and continuously collaborate at every critical juncture, including medication decision-making, cost pre-authorization, and direct billing settlement. The policy environment in Boao Lecheng and the clinical depth of West China Hospital provide the ideal foundation for implementing Yishu’s PBM capabilities.” Yishu Health has accumulated extensive practical experience in the direct payment of innovative drugs covered by commercial insurance. In practices involving high-cost medications such as CAR-T therapy, the maximum single payment amount has reached RMB 1.2 million, providing strong validation of its capabilities for the implementation of this collaboration. The Commercial Insurance Center covers high-value medical categories, including innovative drugs, specialty drugs, and imported medical devices, and will gradually buildA Full-Chain Collaborative Assurance Mechanism Covering Pre-, Intra-, and Post-Consultation Stages，and continuously deepen system integration with insurance companies to jointly explore direct-billing pathways for commercial health insurance tailored to the high-end medical scenarios in Boao Lecheng.

Speech by Song Yiran, Founder and CEO of Yishu Health

The unveiling of the “Commercial Insurance Center” marks a critical step in transforming tripartite cooperation from consensus into joint construction. In her closing remarks, Liu Yan, Vice President of Huaxi Lecheng Hospital, stated that the unveiling is merely the starting point. She expressed hope to translate the collaboration from agreements into tangible products and processes that truly serve patients: “The seeds sown today will blossom and bear fruit in the near future. This is not just an agreement, but a new paradigm for health payment that can be replicated and scaled, capable of genuinely changing patients’ destinies.”

Lecheng Pilot, West China Clinical, Yishu Payment——The three parties are jointly working through aPatient-Centric Innovative Healthcare Security Closed Loop。In the future, as the service capabilities of the Commercial Insurance Center continue to deepen, this model is expected to be extended and replicated to more top-tier medical institutions across China, contributing more practical, actionable experience to the development of "Healthy China." Enabling more patients to benefit from it is the shared starting point for both parties and the greatest driving force behind the continued advancement of this model.

Group Photo of the Signing Ceremony