Kingdee Healthcare Secures Tens of Millions of RMB in Series A+ Funding to Advance Hospital-Centric Internet Medical Service Model

On August 8, 2018, VCBeat (WeChat ID: vcbeat) learned that Kingdee Healthcare had successfully held the 8th China Management·Global Forum and the healthcare industry forum themed “Building a New Model of Internet-Based Medical Services with Hospitals as the Main Body” in Shenzhen. At the event, the company announced the completion of its tens-of-millions-yuan Series A+ strategic financing round, with Zhongtai Renhe as the investor, and unveiled its latest corporate development strategy.

Han Sen, General Manager of Zhongtai Renhe, stated that driven by policy, it is imperative for domestic medical institutions to launch internet-based medical services. The “new model of internet-based medical services with hospitals as the main body” proposed by Kingdee Medical aligns with the direction set by the State Council to “build internet hospitals relying on physical medical institutions.” Kingdee Medical has already achieved remarkable results in its mobile internet hospital brand and innovative business models. With a solid customer base, mature products, and operational systems, Zhongtai Renhe believes that Kingdee Medical will achieve deeper and broader expansion in its internet-based business.

Han Sen, General Manager of Zhongtai Renhe

Yin Zhiguo, General Manager of Kingdee Medical, stated that this round of financing will be used for product research and development as well as service upgrades and iterations, further strengthening Kingdee Medical’s operational capabilities in its internet healthcare business, expanding its customer base, and developing innovative business lines.

Yin Zhiguo, General Manager of Kingdee Medical, stated that since the General Office of the State Council officially released the “Opinions on Promoting the Development of ‘Internet + Healthcare’” on April 28, a series of policies and related measures concerning “Internet + Healthcare” have been introduced. Local governments have also responded actively to the call, making the explosive growth of the internet healthcare services market an inevitable trend. Currently, internet healthcare services have not yet become mainstream, indicating enormous potential for market development.

Yin Zhiguo, General Manager of Kingdee Medical

Kingdee Medical has consistently adhered to building an internet-based diagnosis and treatment system with hospitals as the main entities, aligning with the direction proposed by the State Council to “build internet hospitals based on physical medical institutions.” As early as 2014, Kingdee Medical launched its Mobile Internet Hospital solution. By June 2018, it had co-established Mobile Internet Hospitals with over 500 hospitals, serving more than 26 million users, facilitating over 60 million transactions, and generating a total transaction value exceeding RMB 7 billion. In 2017, Kingdee Medical further collaborated with hospitals to promote patient-centered, hospital-led internet medical services. Building upon the Mobile Internet Hospital framework, it introduced online diagnosis and treatment services, enabling patients to experience integrated online and offline medical care. This model has been validated in dozens of Mobile Internet Hospitals.

Kingdee Medical’s General Manager, Yin Zhiguo, also pointed out that in the future, Kingdee Medical will not only provide IT and informatization technical support but also assist medical institutions in establishing operational systems, service frameworks, and service processes for internet-based healthcare services.

Kingdee Medical is a technology-driven enterprise that provides comprehensive informatization and internet-based solutions for China’s healthcare industry. Currently, more than 3,000 hospitals and healthcare institutions have adopted Kingdee Medical’s products and solutions, including “Digital Hospital,” “Mobile Internet Hospital,” “Cloud Hospital,” and “HRP” (Hospital Resource Planning). Among them, over 500 hospitals have jointly built “Mobile Internet Hospitals” with Kingdee Medical. Upholding the core values of “Conscience, Integrity, and Excellence,” and guided by its mission to “make healthcare services seamless and efficient,” Kingdee Medical aims to build a trustworthy healthcare technology service platform. It helps hospitals adapt to new healthcare models and works alongside Chinese medical institutions to reshape the landscape of healthcare delivery in China.