YuGuo Doctor Secures Tens of Millions in Series A+ Funding to Optimize High-End Healthcare Resource Allocation

VCBeat has learned that Yugu Doctor, a high-end medical service platform, recently secured tens of millions of RMB in its Series A+ financing round. The round was led by Youchuang Capital, with participation from several other institutions. Qingtong Capital served as the exclusive financial advisor for Yugu Doctor in this financing round.

It is understood that Yiguo Doctor’s business model closely resembles that of Oscar, currently the most prominent online health insurance company in the United States. Both share the common goal of thoroughly simplifying medical services and health insurance, thereby enabling users to enjoy convenient processes for seeking medical care and purchasing insurance. However, Yiguo differentiates itself by initially targeting middle- to high-income individuals who are health-conscious, prioritize the quality and privacy of medical services, are less price-sensitive, or possess premium health insurance coverage.Build a National Platform for the Optimized Allocation of High-End Medical Resources.

Yuguo started with densely populated areas of middle- and high-income groups.China’s middle- and high-income groups are continuously expanding, driving inelastic demand for more comfortable and convenient medical resources, while the financial system, including insurance, continues to improve. This has established a solid consumer base for the Yuguo platform. Among the cities where Yuguo currently operates, Beijing, Shanghai, Shenzhen, and Hangzhou are all hubs where such demographics converge with mid-to-high-end medical resources, laying a strong foundation for attracting more customers.

Yuguo covers nearly all mid- to high-end private hospitals, offering the lowest consultation discounts and package prices. For instance, Yuguo clients can enjoy a 20% discount at United Family Healthcare.Data shows that in 2012, private hospitals generated RMB 141.1 billion in medical service revenue, accounting for only 8.5% of the total revenue of all medical institutions at the time. Government authorities set a target to increase the share of private hospitals to 20% by 2015. In China, individuals covered by mid-to-high-end medical insurance predominantly seek care at private hospitals or the special-needs departments of public hospitals. Patients of private hospitals prioritize “personalized” services, demanding quick and convenient access to high-quality physicians, as well as superior medical environments and services. These patients tend to select top-tier hospitals and doctors and place a high value on effective medical record management. Yuguo’s products deliver precisely the services these customers need: comprehensive and authentic information on outpatient services at high-end private hospitals and public special-needs departments, convenient medical record storage, genuine patient reviews, portable insurance handbooks, and a rich array of benefits tailored to high-end clients.

Yuguo provides comprehensive high-end medical service solutions.On the Yugu Doctor platform, when individuals need to seek medical care at a hospital, they can schedule appointments with specialists in the appropriate departments based on their out-of-pocket costs or insurance plans, availability, location, and symptom type. Appointment reminders are sent prior to the visit to prevent patients from missing their scheduled consultations. Patients are not required to carry physical medical records during visits; instead, they can access previously uploaded records by simply opening the “Medical Record Archive” feature. Users can also check the usage status and coverage scope of their insurance cards online at any time before their appointment. After the consultation, users can rate and review their physicians, providing valuable references for other patients. Furthermore, by analyzing user medical records, Yugu Doctor gains insights into high-incidence conditions, healthcare-seeking behaviors, and medication choices. This provides robust data support and analytics for hospitals, physicians, and insurance companies, facilitating real-time updates to medical services and insurance product offerings. This enables the development of healthcare products and insurance solutions tailored to user needs, thereby improving the current state of the industry.

In July 2015, the Yiguo Doctor mobile client was officially launched. To date, within less than a year of its launch, Yiguo Doctor has amassed over 100,000 registered users and more than 60,000 active users, along with 2,600 senior physicians. Its partner institutions cover four cities: Beijing, Shanghai, Shenzhen, and Hangzhou. Medical partners include well-known high-end private hospitals such as United Family Healthcare,明德 Hospital (Note: Specific English name for "Mingde" may vary; commonly translated as Mingde Hospital or kept as Pinyin if no official English name is established), Amcare Women's & Children's Hospital, Ai Yu Hua, Baodao Hospital, Mary Maternity and Infant Hospital, New Century Children's Hospital, Meihua Women's and Children's Hospital, Beijing Hong Kong-Macau International Clinic, and Arrail Dental. Among these partner institutions, Yiguo members can enjoy additional discounts or thoughtful small gifts when seeking medical care. Should they encounter difficult issues related to medical treatment, these can be promptly and properly resolved through Yiguo’s customer service.YuGuo members will enjoy the lowest discount when seeking medical care.

Currently, Yugu has partnered with 12 commercial insurance providers and offers more than 100 high-end medical insurance plans online. Meanwhile, Yugu employs its own certified insurance brokers to deliver premium services with competitive pricing for similar products. The renewal rate for commercial medical insurance policies purchased through Yugu has exceeded 70%. Looking ahead, Yugu aims to build a Chinese-style Oscar integrated service platform, tailored to the characteristics of China’s healthcare resources.