Insurance Payment and Industrial Finance Working Group of Internet Hospital Branch, Chinese Research Hospital Association to Officially Launch on August 23

In recent years, internet hospitals have developed rapidly, evolving from a phase of aggressive market expansion in 2014 to receiving explicit policy support from the Chinese government in 2018. As of June 30, 2020, a total of 126 relevant policies had been issued at both national and local levels. With policy support, standardized regulation, and the influx of social capital, the internet healthcare industry is poised for even faster growth. At this juncture, establishing a Top 50 organization for the financial sector of the internet healthcare industry can leverage policy interpretation, industry exchange, and industrial connectivity to pool collective wisdom and efforts. This initiative will jointly accelerate the rapid development of China’s internet healthcare sector and help enterprises maximize their investment and financing returns.

Internet Hospital Branch of the Chinese Research Hospital Association, officially established in Haikou, Hainan Province on July 20, 2019, is the first secondary academic organization dedicated to internet hospitals in China. The branch was jointly initiated under the leadership of former President Wen Jian of the General Hospital of the People’s Liberation Army (formerly known as the Army General Hospital), together with Wang Haitao, Executive Deputy Director of the Training Center at Peking Union Medical College and Chinese Academy of Medical Sciences, and Lu Qingjun, Director of the National Health Commission’s Telemedicine Management and Training Center at China-Japan Friendship Hospital. The First Council appointed Academicians Wang Chen and Zhang Bo as Honorary Presidents; engaged Fu Zheng, Rao Keqin, Zhou Jun, Zhang Shuyang, and Chen Xiang as five advisors; and elected one President, 15 Vice Presidents, 72 Standing Council Members, and over 150 Council Members, demonstrating broad representation and influence.

To further leverage the Branch’s leading, innovative, and driving role in standardizing operations, facilitating transformation and upgrading, integrating resources, achieving complementary advantages, and improving services within internet healthcare, and to create a national-level platform for council member units and individuals under the principles of mass entrepreneurship and innovation, integration, and equality—thereby sharing the future of internet medicine—the Branch Office has decided to establish the Insurance Payment and Industrial Finance Group of the Internet Hospital Branch. This group is spearheaded by Wang Haitao, Executive Vice President of the Society, with renowned enterprises and institutions from the industry invited to serve as deputy leaders. A secretariat has been established under the group, which currently comprises 32 founding members.

Currently, the members of the study group mainly consist of founders and executives of internet healthcare companies and internet healthcare informatics companies, as well as heads of informatics at Grade 3A hospitals.

The Insurance Payment and Industrial Finance Working Group is dedicated to providing insights and recommendations on critical issues pertaining to the development of internet hospitals and the broader industry in China. It aims to support outstanding internet healthcare projects and promote improvements in payment mechanisms within the sector. Rather than engaging in purely academic discourse, the Working Group will consolidate relevant research on China’s internet healthcare industry, integrating high-quality projects, policy proposals, and research findings. By developing tangible outputs such as case studies and consensus statements, it seeks to foster the orderly growth of the internet healthcare industry and establish itself as a key organization and platform for discussions on the “Internet+” health sector in China.

Guided by the commitment to contribute insights and solutions to critical issues in the development of China’s national internet healthcare infrastructure and industry, and to support and foster outstanding internet healthcare projects, this study group recommends focusing its development on establishing an industrial finance discussion platform tailored to the internet healthcare sector. This platform will specifically target four key stakeholder groups: investors, enterprises, hospitals, and insurers. It will examine five core dimensions: the trajectory of capital flows, evolving enterprise development models, policy evolution pathways, innovations in payment mechanisms, and the interrelationships among these four dimensions. Through research and networking, the platform aims to accelerate the rapid development of China’s internet healthcare industry.

At the inaugural China Internet Hospital Conference, held in Zhuhai, Guangdong Province, from August 21 to 23, the Insurance Payment and Industrial Finance Working Group of the Internet Hospital Branch will be officially established. The inauguration ceremony is scheduled for the morning of August 23, coinciding with the Sub-forum on Internet Insurance Payment and Industrial Finance.

Agenda for the Sub-Forum on Internet Insurance Payment and Industrial Finance

Upon its establishment, the Insurance Payment and Industrial Finance Research Group will adhere to the principles of public welfare and pure academia, organizing academic research activities such as annual conferences, lectures on industrial policies, internal seminars, and external exchanges.

The three-year project plan of the study group is as follows:

As the industry think tank and research institution for the academic group, VCBeat will support the group in conducting research on internet healthcare industry surveys, payment systems, capital markets, and other fields, while delivering research outcomes. VCBeat possesses China’s largest resource database for healthcare innovation and venture capital investment, has established a proprietary content methodology and research framework system, and provides high-quality services including media dissemination, industry research, brand events, as well as matchmaking for investment and financing and industrial resources. Over the past six years, VCBeat has accumulated resources such as capital institutions, representative enterprises, and insurance companies, along with media and research capabilities that align with the academic group’s positioning. This enables VCBeat to serve as an industry research think tank and an execution team for resource linkage and brand building during the group’s development process.

Contact for membership and conference attendance: Jia Ziyun 15696306944