Home Xisoft Technology Secures Series A+ Funding to Accelerate Smart Hospital Management Solutions

Xisoft Technology Secures Series A+ Funding to Accelerate Smart Hospital Management Solutions

May 27, 2021 08:00 CST Updated 08:00
XISOFT

Provider of Information Technology and Big Data Services in the Field of Hospital Economic Operation Management

VCBeat (WeChat ID: vcbeat) has learned that Shanghai Xisoft Technology Co., Ltd. (hereinafter referred to as “Xisoft”), a digital technology company specializing in the economic operation and management of hospitals, recently announced the completion of its RMB 100 million Series A+ financing round. The round was led by Sequoia Capital China, with continued participation from existing investors Gaorong Capital and Sherpa Capital.


With the release of the "Graded Evaluation Standard System for Smart Hospital Management (Trial)," public hospitals will inevitably accelerate their construction efforts in the realm of smart management. XISOFT, specializing in the digitalization of hospital economic and operational management, will continue to utilize this round of funding to accelerate technical research and product development for its new-generation Smart Hospital Operations Platform and Regional Health Economic Operation and Supervision Platform, further solidifying its position as a leading professional brand in China for digital health economic management and data services.


XISOFT’s New-Generation Smart Hospital Operations Management System delves into real-world business scenarios, integrating technology with operations and restructuring them to be more intensive and systematic. It enhances product and solution capabilities for intelligent applications and mobile online services. By leveraging modern artificial intelligence (AI) technologies and digital twin principles within hospital management contexts, the system establishes an integrated digital economy model that enables real-time online queries and immediate business processing. This accelerates the adoption and promotion of intelligent applications—such as smart economic accounting, smart cost management, smart disbursement platforms, and smart material management—guiding hospitals into a new era of intelligent management.


Currently, XISOFT's new-generation smart hospital operations management system covers 6+ application domains, 26+ product system modules, and 1,160+ business scenario units. It provides healthcare institutions with twelve major application models, including: integrated operations management, integration of business and finance, group-level management, refined control, Xiyun Cloud Platform, supply chain collaboration, human resources management, mobile online applications, internal control systems and management, big data decision-making analytics, collaborative work portals, and intelligent applications. Healthcare institutions at all levels can select the most suitable model according to their specific management needs.


Regarding the choice of Xisoft among numerous investment targets, Zhai Jia, Managing Director at Sequoia China, stated: “Xisoft provides an integrated economic and operational management solution for large and medium-sized medical institutions, medical groups/urban medical consortia, health administrative authorities, and primary healthcare facilities, continuously driving high-quality development in the healthcare sector through innovative information technology. The new generation of smart hospital operational management systems boasts significant market potential. Amidst intense industry competition, Xisoft has accurately captured industrial development trends and evolving customer needs, achieving rapid growth. We are optimistic about the prospects of smart hospital management and believe that Xisoft will continue to create value for the industry through technological innovation, leading its rapid and steady development.”


“A project lead at Gaorong Capital stated, ‘We firmly believe that the digital transformation of hospital management is a long-term trend. The development of smart hospitals aligns with national development policies and meets hospitals’ own needs to reduce costs and improve efficiency. XISOFT’s founder and overall team have accumulated extensive practical experience and a strong customer reputation in this field. Since Gaorong’s initial investment, XISOFT has achieved rapid growth in both business volume and customer base. We look forward to XISOFT continuing to deepen its product offerings and, together with high-quality customers and industry partners, contributing to the blueprint for future hospital informatization.’”


Ouyang Xiangyu, Founding Managing Partner of Sherpa Capital, stated, “We are highly optimistic about the development prospects of XISOFT. Leveraging its core technological advantages and innovative products, XISOFT empowers large and medium-sized medical institutions as well as the market for regulatory oversight of regional health economic operations. By enhancing hospitals’ smart management capabilities through digitalization, it drives hospitals toward improved quality and efficiency as well as refined management, thereby facilitating high-quality development. Furthermore, the company’s leadership team has clear strategic objectives; the team possesses extensive expertise in hospital operational management, strong R&D capabilities, and clear strategic thinking, demonstrating decisive decision-making and resolute execution.”


About XISOFT


XISOFT is a specialized provider of informatization and data services in the field of health economic management. Leveraging its independently developed XiCloud Platform, XISOFT holds independent intellectual property rights for over 40 software products, including “XISOFT HRP” and “XiCloud Platform,” thereby establishing a comprehensive product portfolio. Guided by the product philosophy of “digital operational control, integrated application, intelligent business processing, and mobile online services,” XISOFT provides next-generation smart operational management systems and regional health economic operation and supervision platforms, along with related solutions, to large and medium-sized medical institutions, medical groups/urban medical consortia, health administrative authorities, and primary healthcare institutions.


Since its establishment, XISOFT has gathered outstanding professionals in the field to build a robust talent team, dedicated to empowering healthcare institutions to achieve high-quality development through technology and data-driven services.