ABC Clinic Manager Secures Tens of Millions RMB in Angel Funding Led by ZhenFund with Participation from经纬 China

VCBeat (WeChat: vcbeat) has learned that Chengdu Bytestream Technology Co., Ltd. (product nameABC Clinic Manager) officially announced the completion of its angel round financing, raising tens of millions of RMB, led by ZhenFund and followed by Matrix Partners China.

ABC Clinic Manager is an internet-based product tailored for primary healthcare institutions, such as individual or chain clinics and community hospitals. It provides a comprehensive suite of business process tools, including core services like electronic medical records (EMR), general practice diagnosis, medication management, and chain operation management (HIS/CIS), helping clinics enhance both business and operational efficiency.

Meanwhile, the company has also developed cloud-based big data-powered medical AI services (CDSS) to enable primary care physicians to easily access expert-level decision support, thereby improving diagnostic and treatment quality while reducing risks for both patients and providers.

In addition, ABC Clinic Manager also provides a rich suite of marketing tools, such as WeChat-based micro-clinic products and online consultation services, to help clinics attract traffic, acquire new patients, and increase revenue.

Latest data shows that there are 1 million medical and health institutions nationwide, of which 950,000 are primary care institutions. Meanwhile, recent trends indicate a continuous decline in public medical institutions, while private and non-public medical institutions continue to grow, showing an increasing trend toward chain operations.

At this stage, the adoption of Hospital Information Systems (HIS) in primary care clinics and community hospitals is still in its early phases, with limited demand for product customization. New service providers offering systems, supply chain solutions, and training services face significant market opportunities. There is substantial room for product and service expansion across primary healthcare institutions, including both public and private entities. These institutions will increasingly require advanced internet and artificial intelligence technologies, as well as improved software, hardware, and facilities in the future.

In terms of product form, the core HIS/CIS system of ABC Clinic Manager is a multi-client SaaS, charging annual fees based on different functional versions. This part of the income is used to maintain long-term system development. Future profit points will consider exploring various forms of value-added service models, which can help customers increase revenue while also opening up product profitability paths.

Regarding the original intention behind starting the business, Mo Sha, CEO of ABC Clinic Manager (Chengdu Bytestream Technology), stated: “Over the past few years, capital investment in the healthcare sector has exceeded RMB 200 billion, with the vast majority of technology and funding flowing into public healthcare institutions. Primary care institutions and private medical facilities commonly face shortages of physicians, technology, management expertise, and capital. To further promote the healthy development of the healthcare industry, improving the current state of primary care is a critical step. We aim to bring technology and products to primary care settings, helping these institutions enhance operational efficiency and management standards, improve the quality of primary healthcare services, and increase their revenue-generating capabilities.”

Reporters learned that two of the three founders of the ABC Clinic Manager team are from Tencent, and one is from Microsoft. The founding team has developed mobile products with over 100 million daily active users in recent years, accumulating extensive experience in product planning, R&D management, user operations, and traffic monetization. The majority of the core product and technology teams come from Tencent, Microsoft, and Baidu, possessing substantial practical expertise in large-scale system design, big data processing, and artificial intelligence applications.

“ABC Clinic Manager leverages knowledge bases from authoritative domestic and international experts and standard reference medical records, along with authoritative drug data from the National Medical Products Administration and pharmaceutical companies. By employing deep learning and big data technologies, it has developed a comprehensive AI-assisted diagnostic system. The system achieves a diagnostic accuracy rate exceeding 95%, identifies the vast majority of medication risks during prescription reviews, and reduces physicians’ data entry workload by 90% through intelligent prompts. Overall, the AI system significantly enhances the diagnostic capabilities and efficiency of primary care physicians,” said Mo Sha.

Over the next decade, primary care clinics are projected to experience rapid growth. By addressing the operational needs of these clinics and enhancing their profitability, scalable efficiencies can be achieved. Meanwhile, medical SaaS platforms will accumulate vast amounts of patient medical data. By connecting pharmaceutical manufacturers, clinics, and patients, these platforms can participate in healthcare cost management, standardize procedural protocols, and deliver value-added services, thereby offering significant potential for innovative business models.

Competitive products in the market include Dingxiang Cloud Manager, Ping An Wanjia Cloud Clinic, and Huimei Cloud Clinic. Market opportunities lie in products and services addressing clinic demands for Hospital Information Systems (HIS) and intelligent diagnosis and treatment, which still have significant room for expansion and development.

Currently, the HIS of ABC Clinic Steward is divided into a Doctor Personal Edition and a Chain Clinic Enterprise Management Edition. Its main functions include outpatient services, pharmacy, inventory, patient management, statistics, membership management, and store management. Intelligent diagnosis and treatment help doctors improve their diagnostic and treatment levels and reduce medication error rates. Starting from the system, we will continuously improve the product matrix and enhance profitability by focusing on clinic needs in the future, such as providing high-margin services or products like laboratory tests through internet hospitals (where clinic doctors directly serve patients on the platform).

In the first year after financing, ABC Clinic Manager’s primary task was to research, develop, and refine its products, specifically building a clinic HIS SaaS product and a CDSS AI technology system. This enables primary healthcare institutions to keep pace with the development of the internet era, leveraging the best internet and artificial intelligence technologies to improve business processes, efficiency, and quality.

Meanwhile, we are also accelerating the development of superior patient relationship management systems, operational marketing platforms, and value-added medical service products to help clinic clients diversify their revenue streams and significantly boost income.

To assess an industry’s maturity and evaluate its commercial potential, it is essential to examine not only the leading players but also the long tail of small and medium-sized practitioners; the healthcare industry is no exception.

Regarding this financing round, Mo Sha stated that improving the current state of healthcare in China requires not only cultivating more skilled physicians within the leading tier of Grade 3A hospitals to address complex medical challenges, but also enhancing the clinical capabilities, patient-trusted quality of care, and community-embedded personalized services of grassroots clinics, community health stations, and community hospitals. Indeed, improvements in the broader industry environment often begin with enhancements at the level of individual service providers, akin to the body’s capillaries.

“We thank our investors for sharing our observations and insights, and for joining us in the belief that bringing advanced technology and resources to primary healthcare is not only a sound business decision but also a commendable act of ‘tech for social good.’”

Currently, the product is in its early stages and has not yet launched large-scale promotion. Hundreds of early pilot customers have been using it intensively for over six months, leveraging internet-based services to optimize their existing operations while providing professional feedback to the product team to help enhance the product. Based on nearly a year of usage data, primary healthcare clients demonstrate high user stickiness, extensive coverage of business processes, deep professional integration, and high product satisfaction, with customer churn rates approaching zero.