Quyi Network Files IPO Prospectus Highlighting Its '1+2+3' Strategy to Weave a Comprehensive Medical Service Network

The penetration of “Internet+” into the healthcare industry is gradually deepening, impacting the core component of China’s healthcare reform—public hospitals. Undoubtedly, public hospitals have the most urgent demand for internet-based medical services. The long-standing complaint among patients about “three long waits and one short consultation” during hospital visits has been a significant headache for public hospitals. With the support of “Internet+,” this situation is continuously improving.

On April 15, the 2016 China Hospital Internet Healthcare Conference, hosted by Medical Circle, Yishengzhan, and Beikeshe, and organized by Shenzhen Creative Times Exhibition Co., Ltd., officially convened at the Shenzhen Convention and Exhibition Center. Under the theme “Hospital Development and Transformation in the Era of Connected Healthcare,” Cai Yong, President of Quyi Network, pointed out that the three core attributes of mobile internet are connectivity, intelligence, and user experience. The “Internet Plus” initiative can interconnect medical institutions across China, effectively alleviating the overcrowding at large hospitals while boosting patient visits to underutilized smaller hospitals, thereby facilitating the implementation of tiered diagnosis and treatment.

Quyi.com President Cai Yong Delivers Keynote Address

As a healthcare internet enterprise dedicated to advancing innovation in mobile internet-based healthcare service models, Quyi Network is striving to weave this network. In Cai Yong’s view, the internet cannot disrupt healthcare; rather, it can be leveraged to better serve healthcare delivery. Guided by this philosophy, Quyi Network has consistently made providing deep, vertically integrated internet healthcare services to hospitals its strategic core, committing itself to building a sustainable internet healthcare ecosystem.

To this end, Quyi Network has proposed the “1+2+3” strategy, serving as a powerful tool to help medical institutions revolutionize traditional healthcare models. Specifically, “1” refers to building “Hospital+,” a unified platform connecting mainstream public hospitals in China; “2” denotes two core products—the “Qu Hospital” App and the “Quyi Tiered Diagnosis and Treatment Platform”; and “3” signifies three supporting products—“Quyi Internet Hospital,” “Qu Pay,” and “Qu Insurance.”

Cai Yong introduced that the “Hospital+” platform is Quyi Network’s core platform product. It serves as the foundation of Quyi Network’s business model and acts as the key link enabling deep, direct connectivity between the company’s two core consumer-facing (C-end) products and hospitals. Supported by the “Hospital+” platform, Quyi Network establishes a unified entry point for mobile internet services for healthcare institutions, facilitating their rapid integration into the new internet ecosystem and accelerating their transition to internet-based service models. Furthermore, the “Hospital+” platform offers open services, providing unified real-time, bidirectional transaction and access capabilities for Quyi Network’s consumer-facing product suite and third-party services, thereby helping hospitals achieve transformation in their internet service delivery models.

As one of the core consumer-facing products of Quyi Network, the “Qu Hospital” App is deeply integrated with hospitals, supporting bidirectional real-time transactions and covering the entire patient journey across pre-consultation, during-consultation, and post-consultation stages. It serves as a unified platform that patients can use nationwide with a single download, offering greater convenience.

On May 6, 2015, the General Office of the State Council issued the “Guiding Opinions on Pilot Comprehensive Reform of Urban Public Hospitals,” which called for the establishment of a tiered diagnosis and treatment model featuring initial consultations at primary care institutions, two-way referrals, separate management of acute and chronic conditions, and coordinated care between upper- and lower-level medical facilities. In this regard, Cai Yong pointed out, “The tiered diagnosis and treatment model helps significantly enhance the voice and decision-making authority of primary care hospitals.”

Cai Yong stated that the “Quyi Tiered Diagnosis and Treatment Platform” is an effective tool for facilitating the implementation of the tiered diagnosis and treatment model. It helps optimize medical workflows and enables hierarchical care through deep integration with hospitals. By focusing on referral and consultation services within medical consortia and leveraging information technology, the platform simplifies the processes for referrals and consultations, thereby achieving the sharing of medical resources.

As of now, the “Qu Hospital” app has expanded its business coverage to 27 provinces and municipalities directly under the central government in China, with more than 1,500 public hospitals listed on the platform, including over 1,000 hospitals with deep direct integration. In the fields of tiered diagnosis and treatment and medical consortium services, Quyi Network aims to become the most competitive service provider, planning to build two provincial-level, ten city-level, and more than 100 medical consortium-based tiered diagnosis and treatment platforms in 2016, connecting over 100,000 high-end physicians.

Among Quyi Network’s three core supporting products, “Quyi Online Hospital” is a platform that provides patients with online video consultation services; “Quyi Pay” is committed to offering free, secure, and convenient medical payment solutions for hospitals and patients, aiming to build the largest professional transaction platform for medical payments. Providing direct billing services to insurance companies is one of the value propositions of the “Hospital+” platform, while customizing insurance products for the growing base of transaction users on the platform represents one of the future initiatives of “Quyi Insurance.”

Cai Yong emphasized that, leveraging the “1+2+3” strategy, Quyi Network has built a comprehensive healthcare service platform for the medical industry, completing the closed-loop healthcare process, improving the work efficiency of medical professionals, providing patients with convenient access to medical care, and constructing a new ecosystem for internet-based healthcare.