RMB 6 Billion Raised by Primary Healthcare Startups, With RMB 200 Billion More Waiting—Who Are Investors Looking For?
Amid the intensive rollout of national policies related to primary healthcare, various indicators suggest that 2017 is highly likely to become the inaugural year for the upgrading and leapfrog development of China’s primary healthcare industry, with countless players in the medical sector focusing their attention on this field.
Against this backdrop, the “2017 China Primary Healthcare Innovation Practice Forum,” hosted by the China Association for Promotion of Rehabilitation Technology Translation and Development, and co-hosted by VCBeat and Eggshell Research Institute, will be held at2017Year5Month17Day-18held in Chengdu on [date]. The conference was organized byCo-organized by the Sichuan Provincial Investment Promotion Bureau, the Sichuan Health Information Society, and the Hierarchical Diagnosis and Treatment System Engineering Professional Committee of the China Association for Promotion of Rehabilitation Technology Transformation and Development; jointly co-organized by Legend Capital, GF Xinde, Wanfang Development, and Yuanyi Capital, among others; with the China Medical Education Association as the supporting organization. The conference also received strong support from strategic partners including Haier Industrial Finance, Ping An Insurance, Tasly Holding Group, KPMG, Legend Star, Alibaba Cloud, Zhongguancun Leasing, Yixuntong, and Visionary Healthcare, as well as partners such as Xinkang Medical, Kuaiyi, Kangkang Blood Pressure, Micro-Nano Core, Mingyi Zhonghe, Community 580, Kangbairui, and Hailiying.
This may be2017The most information-rich feast in China's grassroots medical industry.
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This time, the organizers invited over 50 guests, more than 50 representatives from government agencies, 150+ practitioners from primary healthcare institutions, 100+ investors, 200+ entrepreneurs, and 20+ media representatives to gather strength at the grassroots level and explore the future path of primary healthcare practice.
-We have been preparing for half a year.
-Building the Premier Platform for Sharing Innovative Practices in China's Primary Healthcare
-Compilation2016-2017China's Best Primary Care Cases
In December 2016, VCBeat officially established the “Primary Care Group” and subsequently released a special report titled “Investment Opportunities in Primary Care in 2017.” We compiled and analyzed 67 primary care startups—including Yixuntong, Remote Vision, Mingyi Zhonghe, Xinkang Medical, Kuaiyi, Kangkang Blood Pressure, Micro-Nano Core, Community 580, Kangborui, and Hailiying—as well as 16 publicly listed institutions or renowned companies, conducting interviews and investigative analyses with them.
These startups, with total financing exceeding RMB 6 billion, and listed companies, with market capitalizations surpassing RMB 230 billion, have already established a strong presence in the primary healthcare sector, which boasts a market size of up to RMB 500 billion.
On February 15, 2017, VCBeat, in collaboration with the Hierarchical Diagnosis and Treatment System Engineering Professional Committee of the China Association for Promotion of Rehabilitation Technology Translation and Development, launched a call for case studies targeting the grassroots medical industry, under the theme “The Power Downward: Seeking Best Practice Cases in China’s Grassroots Healthcare.”From over 100 primary healthcare companies that passed the preliminary selection, we have selected more than 20 outstanding case studies of grassroots practices for coverage. (Case Roundup: Over 20 Outstanding Primary Care Cases Worth Watching in 2017—Join the Conversation!）
Following the report, primary healthcare enterprises represented by Shequ 580, Xinkang Medical, Mixi, Johnson Medical, Dr. Lü Chain Clinics, Huimei Medical, and Micro-Nano Core have received over one hundred investment matchmaking requests and attracted the attention of tens of thousands of industry professionals.
At the Primary Care Conference, there will be20Representatives from the top primary healthcare companies share their practical experiences.Focusing on addressing the centralized issues in primary healthcare, covering areas such as training for primary care physicians, chain clinics, family doctors, and informatization of primary healthcare.
-This is the launch platform for innovation trends in China's primary healthcare industry.
-Here is the First Report on Innovative Practices in China's Primary Healthcare
This time,Attendees will be given priority access to China's first research report on innovative practices in primary healthcare.——《2017《2026 White Paper on Innovation in the Grassroots Healthcare Industry》. Produced by eight researchers from VCBeat Research Institute over a period of nearly four months.
This white paper examines policy directions, pilot regions, primary healthcare institutions, technological breakthroughs and applications, and family doctor services. By surveying more than 300 innovative companies in the primary healthcare sector, it clarifies the development trajectory of China’s primary healthcare industry and presents a comprehensive overview of its landscape.
To give back to attendees, Mr. Li Datao, Founder of VCBeat, will present this valuable white paper on-site, and printed copies will be distributed free of charge.
-This is a showcase platform for outstanding institutions in China's primary healthcare industry.
-Here are policies, experts,2000Hundreds of Millions in Capital and Industrial Resources
Hosted by the China Association for Promotion of Rehabilitation Technology Transformation and Development—a national-level technology transfer platform for the healthcare industry—and led by Academician Yu Mengsun of the Chinese Academy of Engineering, this prestigious event will bring together more than 50 government officials, experts, and heads of primary healthcare institutions from across China. Attendees will engage in discussions on current policies, industry trends, corporate collaborations, practical needs, and investment opportunities. This gathering will foster a collision of professional and cutting-edge ideas, providing answers to the most core and pragmatic questions.
Meanwhile, the conference has also invited, includingJunLian Capital, GF Xinde, Yuanyi Capital, Puhua Capital, Legend Star, Qiming Venture Partnersincluding20Top-tier domestic investment firmsparticipation. These industry leaders, who have made deep inroads into the primary healthcare sector, command RMB 200 billion in capital, have reviewed countless projects, and possess unique insight. They will join us in identifying high-quality startups in primary healthcare that feature innovative models and technologies.
Additionally, includingPing An of China, Wanfang Development, Haier Industrial Finance, Xiuzheng Health, Pfizer China, AstraZeneca, KPMG, iFlytekTop-tier institutions, among other household names, will participate in this conference. Approaching from various segments of the industry chain, they will engage in in-depth discussions on the collaborative opportunities and challenges across the entire primary healthcare industry chain.
-Why Did We Choose Chengdu?
In May, Chengdu basks in gentle breezes and warm sunshine, with all things coming back to life. This city, where history and modernity blend seamlessly, offers not only delicious food, scenic beauty, and charming people, but also a unique allure and character. Livability and leisure are its hallmarks. Today, after two years of vigorous promotion of the tiered diagnosis and treatment system, the concept of comprehensive health has penetrated deeper into every corner of the city.
In September 2015, the General Office of the State Council issued the Guiding Opinions on Promoting the Construction of a Tiered Diagnosis and Treatment System, whereas Sichuan Province had already comprehensively launched reforms to improve its tiered diagnosis and treatment system in August 2014.
In August 2014, six departments including the Sichuan Provincial Health and Family Planning Commission, the Publicity Department of the Provincial Committee of the Communist Party of China, and the Provincial Development and Reform Commission jointly issued"Opinions on Establishing and Improving the Tiered Diagnosis and Treatment System", proposing measures from the aspects of promoting primary diagnosis at the grassroots level, guiding patients to seek medical care nearby, standardizing two-way referrals, and strengthening publicity and performance evaluation15Specific Measures。
Meanwhile, focusing on key areas such as primary care at the grassroots level, two-way referral systems, health insurance reimbursement guidance, optimization of service processes, medical consortia, regional “medical combat zones,” telemedicine service systems, “volume reduction and quality improvement” in large hospitals, development of key specialties in county-level hospitals, “fulfillment of duties” by grassroots hospitals, and drug availability in grassroots hospitals,21Supporting Documentshave also been successively introduced, covering the entire process of “initial consultation at primary care institutions, two-way referral, separate management of acute and chronic conditions, and coordination between upper- and lower-level hospitals,” thereby laying a solid foundation for the implementation of the tiered diagnosis and treatment system.
Sichuan Province has consistently been at the forefront of healthcare informatization in western China. As a key component of this initiative, Sichuan ranks first in western China and third nationwide in the issuance of resident health cards. The province has established the Sichuan Provincial Public Health Service Platform, providing residents with services such as disease consultation, online registration, and physician appointments. Sichuan has been divided into ten medical regions, each anchored by a leading tertiary hospital, thereby enabling inter-hospital telemedicine. As one of the first national pilot zones for internet-based healthcare, Sichuan launched and trialed home-based remote medical services at designated hospitals in 2015, and this model of internet healthcare is now being further expanded.
Furthermore, according to the official website of the Sichuan Provincial Department of Finance, Sichuan Province’s expenditure on medical and health services and family planning in the first quarter of 2017 alone amounted to254.2billion yuan, an increase of42.7%，This also demonstrates Sichuan Province’s determination in building a “Healthy Sichuan.”
For practitioners in the primary healthcare sector, Sichuan Province offers a highly favorable policy environment. Shen Ji, Party Secretary and Director of the Sichuan Provincial Health and Family Planning Commission, previously highlighted several key achievements emerging from the reform of the tiered diagnosis and treatment system.Tiered diagnosis and treatment, medical consortiums, affordable medicines, cross-regional settlement, and family doctors still hold significant potential.
-Why Host This Forum?
VCBeat has participated in and organized numerous conferences. Why, then, did it dedicate six months to planning special features, interviewing companies, and inviting guests to lay the groundwork for this forum focused on primary healthcare?
Because China’s healthcare services industry is on the eve of a major transformation, with frequent introductions of new healthcare reform policies such as “promoting the establishment of a tiered diagnosis and treatment system,” “integrating medical care with elderly care,” and “family doctor contract services,” 2017 is bound to become the inaugural year for the upgrading and leapfrog development of primary healthcare, drawing the entire healthcare industry’s focus to the primary care sector.
Yet VCBeat remains committed to doing the hard work, aiming to deliver a highly substantive forum with the utmost professionalism. To this end, we have curated300+Several grassroots healthcare-related companies have written60+A call for submissions on primary healthcare articles20+a grassroots practice case, completed a《2017White Paper on Innovation in the Primary Healthcare Industry。
Throughout these processes, we have come to know and befriend many individuals who possess specialized expertise, profound insights, hands-on experience, and a need for collaboration. Therefore, we aim to bring everyone together through an in-person forum on the eve of this transformation, to engage, discuss, learn, collaborate, and bear witness.
At this conference, we will structure the agenda into six segments: Regional Experiences, Policy Interpretation, Industrial Layout, Entrepreneurs’ Perspectives, Analysis of Grassroots Practices, and Case Studies of Community Health Innovation, along with Openness and Cooperation. We have invited government officials, experts, executives from publicly listed companies, founders of startups, practitioners from grassroots medical service institutions, and investors to interpret the current development landscape of the grassroots healthcare sector from diverse perspectives. Our aim is to provide actionable insights for addressing practical challenges encountered in grassroots medical practice.
Roots, deeply anchored in the soil, unseen yet fundamental to life.
Cultivating the soil of primary healthcare, with deep roots leading to lush growth. Yet, taking root in primary care requires a downward force.
5Month17Day,18On a recent day, we strolled through the streets of Chengdu, all the way to the end of Yulin Road and past the entrance of the Little Bar, where leading figures in the medical field came together for a handshake.
Special thanks to the media for their support of this conference. We look forward to meeting more people at this forum.
People's Daily Online Xinhua News Agency Guangming Online Guangming Daily Phoenix News Science and Technology Daily Life Times Health Times Global Times CNR News China Economic Net 21st Century Business Herald China News Service Physician's Daily Medical World Health Circle Bioon Yidian Zixun eHealthcare Health Point China County Health China Digital Healthcare Network Cyzone Osida DONEWS 36Kr Chinese Hospital CEO Magazine 39 Health Sina Medicine Meihe Media EqualOcean Lieyunwang Ebrun Consumer Daily Health Alliance NetEase Health
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