Renhe Pharmacy Network and Dateguard Announce Strategic Partnership to Deepen User-Centric Health Solutions

VCBeat (WeChat:(VCBeat) News on May 26.Recently, Renhe Pharmacy NetworkWith Da Te BaoAnnounced Externally as AchievedStrategic Cooperation。The two parties will collaborate on the health big data front, integrating their respective channel resources to further enhance public awareness of health insurance.

Renhe Pharmacy Network was established in 2001 as one of the first online pharmacies in China, boasting tens of millions of users and exceptionally high user stickiness and activity. In December 2015, Jingwei Yuanhua, the parent company of Pharmacy Network, was officially acquired by Renhe Pharmaceutical.

In 2016, Renhe Pharmacy Network made numerous innovations in promoting the “Medical Care + Pharmaceuticals” model, including partnering with the professional internet healthcare platform “Health Plus Medicine,” collaborating with Fuyuantang Medical Rehabilitation Hospital of Traditional Chinese Medicine to explore the “Internet + TCM” model, and establishing “Health Communities” to enhance the service quality of its membership club.

Renhe Pharmaceutical’s annual report shows that Renhe Pharmacy Network achieved revenue of RMB 395 million and net profit of RMB 3.57 million last year, making it one of the first pharmaceutical e-commerce companies to turn losses into profits.

Dattebao is an innovative internet health insurance company, established in July 2014.Focusing on individual health and accident insurance, we adhere to the product philosophy of “inclusive access for all and returning to fundamentals,” dedicated to providing cost-effective health protection for the general public.

The innovative model of Da Te Bao lies in itsFurther Unbundling the Risks Covered by Traditional Insurance, on the basis of precise pricing, offering certain concessions to consumers. Compared with the past, different groups can easily find insurance products suited to their needs, understand policy terms, complete enrollment in minimal time, and receive one-on-one customer service during claims processing.

No financial products, just a focus on personal health.Da Tebao’s critical illness insurance, mid-to-high-end medical insurance, and accident insurance have all earned the trust of policyholders.

The industry also believes that this “marriage” between two major players in internet health insurance and pharmaceutical e-commerce, leveraging their respective strengths, has injected a “shot in the arm” into the transformation of the health industry chain.

According to VCBeat, the specific details of this collaboration are that both parties will integrate their respective channel resources through various online and offline connection methods,Further Enhance Public Awareness and Perception of Health Insurance, thereby leveraging the unique value of health insurance in serving healthcare and public welfare. The two parties will focus their collaboration on health big data to enable the customization of products for different risk groups, particularly new-risk populations and individuals with pre-existing conditions.Through precise pricing, we meet users' genuine needs while passing on the benefits to them.

Zhou Lei, CEO of Da Te Bao, stated: “Serving the general public and returning to the fundamental protective nature of insurance have always been Da Te Bao’s original aspirations. Our collaboration with Renhe Pharmacy Network carries even more profound significance: by enabling data interoperability, we aim to promote user health management through the joint efforts of the insurance and pharmaceutical sectors, foster better medical adherence, and gradually participate in and drive healthcare cost containment.”

At the product level, Renhe Pharmacy Network’s official website is set to launch a dedicated “Major Special Protection” insurance zone, introducing high-demand products such as pediatric leukemia insurance, cervical cancer insurance for women, breast cancer insurance, liver disease insurance, diabetes complication insurance, accidental fracture insurance for the elderly, and critical illness medical insurance covering the “three highs” (hypertension, hyperglycemia, and hyperlipidemia) in seniors. These products feature refined segmentation by target population and risk profile, enhancing their specificity and ease of understanding for users. Their cost-effectiveness also lowers the barrier to purchase, truly leveraging the principle of health insurance—achieving substantial coverage with modest premiums—to cover consumers’ healthcare and medical expenses.

It is evident that the respective strengths of both parties in their fields can achieve strong complementarity. The development of internet insurance has evolved from being merely a marketing channel to establishing a closed-loop ecosystem across the entire industry chain. In essence, these two enterprises operate as upstream and downstream partners within the same industry. Meanwhile, users will become an integral part of the health industry chain, feeding back their insurance and pharmaceutical experiences to the front end of product development, thereby helping the insurance and healthcare/pharmaceutical industries realign with user needs.

Both the insurance and pharmaceutical sectors demand high levels of trust and security, as they are directly linked to users’ life safety. This strategic partnership will integrate insurance and pharmaceutical services, address users’ challenges in selection and trust, and provide a one-stop, secure purchasing experience.

Renhe Pharmacy Network holds significant advantages in specialty pharmaceuticals, particularly those for major and rare diseases. With nearly two decades of operational experience, it has accumulated a vast user base across all age groups, including many individuals with chronic conditions, rare diseases, and other pre-existing health issues—populations often excluded from traditional insurance coverage. Developing insurance products tailored to these users with strong protection needs constitutes a key component of the partnership between the two parties.

In addition to product innovation, both parties will further optimize the service experience in the later stages, including holding regular offline health lectures and exchanges to enhance users’ self-care skills. Meanwhile, they will explore involvement in user health management, particularly disease progression control for patients with chronic conditions, aiming to reduce medical costs through improved patient adherence and achieve the goal of healthcare cost containment. 

One is a pharmaceutical e-commerce company, and the other is an internet insurance provider. The collaboration between Renhe Pharmacy Network and Datebao, by integrating drug consumption with insurance cost control, can be regarded as the nascent form of domestic PBM (Pharmacy Benefit Management), with promising prospects.