Home Shukang Submits IPO Prospectus: Pioneering Digital Therapeutics for Chronic Disease Rehabilitation with Global First-Mover Advantage and Insurance Reimbursement Pathways

Shukang Submits IPO Prospectus: Pioneering Digital Therapeutics for Chronic Disease Rehabilitation with Global First-Mover Advantage and Insurance Reimbursement Pathways

Mar 08, 2024 08:00 CST Updated 08:00

Data shows that China currently has approximately 50,000 rehabilitation therapists, with only 3.57 therapists per 100,000 people. Therefore, it is an urgent priority to establish a mature training system for rehabilitation therapists while improving their work efficiency to meet the substantial demand for rehabilitation services among the population.


Digital Exercise Rehabilitation for Chronic Diseases, Helping Therapists ThroughThe World's FirstDigital Software for Exercise Prescription"Shukang App"Manage patients by enabling them to safely complete exercise prescriptions using only wearable smart devices, thereby improving adherence and facilitating medication reduction under physician guidance.


Low-cost and high-efficiency, significantly improving therapists’ efficiency in patient management, enabling large-scale implementation to help more patients with chronic diseases.“Digital Exercise Rehabilitation Program”Comprehensive medical institutions provide multidisciplinary coverage, while primary care facilities focus on chronic disease rehabilitation and treatment, thereby optimizing the rehabilitation service delivery process and improving patients' quality of life.


On Monday, March 18, at 19:30, the 46th session of VCBeat Select New Product Showcase will feature Dong Lei, Senior Medical Advisor at Shukang, and Liu Jia, Marketing Director at Shukang, who will present the “Digital Exercise Rehabilitation for Chronic Diseases” project.


 

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The image shows “ShuKang APP,” a software product that provides exercise prescriptions for the rehabilitation treatment of chronic diseases such as cardiovascular disease.

 

Core Products


1Shukang Pro


· Personalized Prescription


· Video Guide


· Real-time Monitoring


· Intelligent Optimization


2Shukang Doctor Pro


· Thousands of Exercise Library, Intelligent Personalized Exercise Prescription


· Monitor Exercise Data, Intelligent Processing Recommendations


· Flexible Follow-up Plans, Customized Questionnaire Scales

 

Product Advantages


Shukang Pro emphasizes efficacy and places greater importance on risk control



Exercise prescriptions must be personalized, precisely quantified, and traceable.

“Shukang APP” is the first “digital therapeutic” approved by the NMPA in China.According to the International Digital Therapeutics Alliance’s detailed classification criteria for digital health, the Shukang App is the first digital therapeutic in China that can be prescribed as a standalone application. It was the first to be applied to cardiac rehabilitation for heart failure patients in the United States, has obtained FDA clearance as a Class II medical device, and has successfully established commercial insurance reimbursement channels, securing payment from commercial insurers.


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Guest Introduction


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Dong Lei

Shukang Senior Medical Consultant

 

Ph.D. in Clinical Medicine, Xiangya Hospital of Central South University


China's First Ph.D. in Cardiac Rehabilitation


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Liu Jia

ShuKang Marketing Director

 

Former executive at healthcare institutions and pharmaceutical companies, with extensive experience in market operations and well-versed in medical compliance policies.


Organizer Introduction


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RECOVERY PLUS


RECOVERY PLUS is the developer of the Shukang APP, a “digital therapeutics” platform. It is dedicated to providing remote intelligent rehabilitation services through digital therapeutics for patients with chronic diseases (including advanced-stage severe conditions such as cardiovascular diseases and cancer), chronic pain, as well as individuals seeking to enhance brain development and delay cognitive decline.

 

After years of R&D and clinical research, its independently developed “ShuKang” App was approved by the National Medical Products Administration (NMPA) in November 2020, obtaining a Class II medical device certificate and emerging as a pioneer in “digital therapeutics.” The international version of “ShuKang” has been adopted as a first-line treatment for cardiac rehabilitation in heart failure patients at prestigious U.S. hospitals. It has secured FDA clearance as a Class II medical device and successfully established reimbursement channels with commercial insurers, achieving coverage through private insurance payments.

 

VCBeat Selects: New Product Review


“Artery Select New Product Debut” is a live-streaming program under “Artery Select” designed to support medical enterprises in launching innovative products. The program’s mission is to facilitate the milestone launch of every innovative medical product.

 

 

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