GearYichuang Files IPO Prospectus: Empowering Healthcare Ecosystem Through Tech-Driven Product Solutions

Data Source: Compiled by VCBeat based on public data

As the wave of digitalization sweeps across industries, questions about how to provide enterprises with platform and channel solutions have emerged one after another, giving rise to software outsourcing services. Software outsourcing companies can offer users comprehensive operational solutions, evaluate these solutions, and perform “secondary development” for startups possessing high-quality technologies.

Nowadays, software outsourcing services have become a relatively mature business model. Beneath this prosperity, however, lies a project failure rate as high as 30%. If outsourcing companies fail to provide reasonable recommendations from the perspectives of market dynamics and user experience, they are highly susceptible to post-development issues. For instance, insufficient communication between supply and demand parties is common; user requirements are often technically impractical, thereby increasing development costs and extending project timelines for the company.

To change the status quo of “technology outsourcing” and help companies in more industries solve platform and channel issues, some “product” suppliers that go beyond technology have begun to emerge. These companies provide technical solutions for different industries, with Gear Easy Innovation being one of them. When directly facing the term “outsourcing,” Song Shiwei, CEO of Gear Easy Innovation, has a different understanding: enterprise-level services are inherently designed to solve business problems; if one focuses solely on “technical means,” it makes outsourcing very narrow-minded.

Song Shiwei studied under Andrew Ng, became an intern at Apple at the age of 18, and graduated from Stanford University with a perfect GPA. He turned down a million-dollar annual salary to boldly embark on entrepreneurship, leveraging his acute software sensibility and nuanced understanding of user needs to help startups forge a successful path toward digital transformation in the digital age.

Song Shiwei, Founder of GearEasy

When providing software outsourcing services to clients, Gear Innovation places particular emphasis on thorough communication with stakeholders during the early development stages. The company divides its software outsourcing process into five phases: requirements assessment, product prototyping, UI design, development, and testing. After users submit online applications in advance, Gear Innovation matches them with product managers based on the type of requirements. Leveraging a product-oriented perspective within more specialized industries and deeper market insights, Gear Innovation delivers services that combine professional industry expertise—from product consulting to solution implementation—to provide businesses with more efficient technical solutions.

In the healthcare sector, Gear Innovation has already completed multiple projects. Song Shiwei believes that the primary challenges in healthcare informatization revolve around three core issues: the doctor-patient relationship, professional communication and workflows among clinicians, and methods for evaluating and optimizing healthcare quality. Therefore, when expanding into the healthcare field, Gear Innovation primarily focuses on providing development services for mini-programs, web platforms, and mobile apps tailored to digitally underdeveloped hospitals, telemedicine platforms, and intelligent decision-support systems. According to Song Shiwei, Gear Innovation leverages data flows generated within medical institutions’ information systems to deliver personalized, evidence-based smart healthcare solutions customized for users.

Launched by Keli Health in November 2015, Lung Teng Assistant is a specialized intelligent platform for lung cancer patients, providing medical science popularization, personalized healthcare information, and data- and clinical feedback-based treatment plans. As a successful case study of Gear Innovation in the healthcare sector, Lung Teng Assistant is dedicated to bridging the information gap between medical supply and demand.

Feiteng Assistant’s team has established stable collaborations with numerous authoritative medical institutions both domestically and internationally, accumulating professional medical resources. Their objective is to deliver personalized, precision healthcare services. However, before the abundant medical resources on the supply side can reach end users, technology must serve as the bridge. Medical technology solutions are characterized by high specialization, diverse data types, and massive data volumes. Therefore, what Feiteng Assistant requires is an intelligent big-data system, along with a scalable product solution encompassing multiple logical dimensions.

Leveraging its strengths in product incubation and technology iteration, GearEase has become a partner of FeiTeng Assistant, providing customized solutions for the latter’s precision medicine platform.

Gear Innovation’s solutions primarily focus on two areas: cutting-edge science popularization and intelligent follow-up.

Studies have shown that frontline medical science popularization plays a beneficial adjunctive therapeutic role in patients’ psychological well-being. Therefore, Gear Innovation has made it a key component of its “Lung Teng Assistant.” In practice, leveraging vast amounts of pathological information, Gear Innovation refines article tags and presents them to patients in list format. The backend tag library features learning capabilities; as the database content is enriched and tag categories are further refined, article recommendations will precisely match patients’ needs for medical science education.

Frontier Science Popularization Features of Lung Teng Assistant

Intelligent follow-up is the core feature of FeiTeng Assistant, powered by its CMS management system. The data management capabilities of the CMS integrate pathological data to automatically generate continuously updated visual analysis reports, provide real-time alerts on disease progression, and perform clinical matching with core data. This enables the provision of appropriate clinical trial enrollment services, helping patients access more effective therapies at an earlier stage.

LungTeng Assistant: Intelligent Follow-up

Currently, Feiteng Assistant has implemented features such as personalized recommendations, intelligent data processing, and data support for customized treatment plans. It boasts hundreds of thousands of active users, including physicians and pharmaceutical R&D professionals, and has gained recognition and support from domestic and international oncology experts at prestigious medical institutions such as Peking Union Medical College Hospital, Shanghai Pulmonary Hospital, Guangdong Provincial People's Hospital, Harvard Medical School, and MD Anderson Cancer Center. Furthermore, it has become the first oncology service platform to partner with Tengai Doctor. From Gear Easy Creation’s initial needs assessment to the product launch, the process took only 45 days, and Feiteng Assistant has since completed three product iterations.

Song Shiwei stated to VCBeat (WeChat ID: vcbeat) that, in the future, Gear Innovation plans to collaborate with more healthcare projects to serve governments, healthcare institutions, pharmaceutical companies, and patients, thereby achieving personalized, evidence-based smart healthcare.