Qinetree Care Announces IPO Filing to Expand China's First Home-Based Geriatric Rehabilitation Ecosystem
Qingsong Rehabilitation and Nursing Group was founded in 2004 by Wang Yanni, pioneering home-based functional rehabilitation nursing in China by integrating telemedicine with in-home rehabilitation care through an intelligent platform.
For over a decade, Qingsong Group has evolved into a leader in the elderly health industry, integrating Qingsong Care Network, Qingsong Health+, and Qingsong Academy. By the end of 2015, Qingsong’s services had benefited more than 220,000 patients and families, with cumulative service deliveries exceeding 3.5 million person-times, and its service coverage now extends across China.
Market Opportunities Driven by Population Aging
Before founding Qingsong Rehabilitation, its founder, Wang Yanni, had ventured into the field of education and entertainment for the elderly. However, she quickly realized that this market did not represent a rigid demand and decisively decided to pivot. Leveraging her prior experience in operating elderly entertainment services, Wang Yanni keenly identified the rehabilitation needs of the very old who are disabled or living with dementia. Wang Yanni stated, “For the elderly people around me, and for myself when I grow old, I hope we can have reliable support in our later years and continue to enjoy a high quality of life.”
“The number of elderly people in China will peak in 2050. As long as we are willing, I believe we can sustain this endeavor until at least 2100,” introduced Wang Yanni. There is a significant gap in the demand for rehabilitation and nursing care among the elderly. Initially, most nursing homes were reluctant to admit this demographic due to the high costs, risks, and complexities associated with their care. Later, with support from national policies, eldercare institutions gradually opened their doors to these seniors. However, a substantial proportion of the elderly still prefer to remain in their own homes rather than move into such facilities.
Qingsong’s Three-Pronged Strategy
Wang Yanni stated, “We have built a continuous and sustained health service model.” In this regard, Wang Yanni introduced to VCBeat the three core pillars of Qingsong’s business: home-based functional rehabilitation and nursing services, Qingsong Health+, and Qingsong Select.
1. Home-Based Functional Rehabilitation Nursing Services
We provide in-home functional rehabilitation and nursing services for the elderly, individuals with disabilities or partial disabilities, those with dementia or mild cognitive impairment, patients recovering from illness or surgery, and seniors with chronic diseases.
Application Process for Services:
To address diverse needs, Qingsong Kanghu offers users a variety of rehabilitation measures:
2. Qingsong Health+
Qingsong Health + Smart Home Continuous Health Services is an innovative health solution that leverages intelligent hardware such as companion robots and platform systems to deliver continuous medical care, remote health consultations, offline medical visits, expert consultations, post-hospital rehabilitation and nursing, and interactive reminders. It also ensures that family members, regardless of their location, can participate in the care process at any time.
3. Qingsong Select
Leveraging over a decade of experience in providing professional home-based functional rehabilitation and nursing care to more than 220,000 families and 3.5 million patient visits, we adhere to the principles of “health, cost savings, and greater peace of mind.” We carefully select practical and effective health products and medical devices from both domestic and international markets that help prevent secondary injuries, making them accessible to the general public at affordable prices through rental and group-buying models. Our current offerings encompass assistive devices, healthy living solutions, longevity-focused foods, equipment rental, and medication delivery services.
On November 3, 2015, Qingsong Rehabilitation announced a formal strategic partnership with Kangfu Zhijia Group, China’s largest retailer of home medical devices. This collaboration means that consumers can enjoy professional home health management services provided by the Qingsong Group, including in-home functional rehabilitation nursing and remote health consultation and diagnosis. Additionally, based on their needs and expert recommendations, consumers can independently choose to rent the most suitable rehabilitation aids, daily monitors for hypertension, hyperlipidemia, and hyperglycemia, as well as various home medical devices such as hospital beds, manual wheelchairs, electric wheelchairs, ventilators, and oxygen concentrators.
When discussing the distinguishing features of Qingsong Kanghu’s services, Wang Yanni stated, “Many other companies in this industry tend to offer more substitutive services, such as elderly care, cleaning, and caregiving. These fall under the category of care-based, substitutive services, where providers perform tasks on behalf of users—for example, assisting with cleaning, dressing, and cooking—all of which constitute substitutive services.”
However, Qingsong Kanghu stands apart by prioritizing functional care services and advocating for rehabilitation nursing that empowers individuals to help themselves, thereby enhancing their ability to perform activities of daily living and improving their overall quality of life.
Qingsong’s “Healthcare Network” Closed Loop
Qingsong Hulianwang is positioned as an accessible and affordable health protection network for an aging society, offering customer-centric, continuous, family-oriented comprehensive health services. Starting from users’ actual needs, it integrates resources to provide all-around, multi-tiered integrated health services.
Collaboration with Tertiary Grade A Hospitals: Innovating the Bidirectional Referral Model Between Hospital and Home Care
Scope of Cooperation:
Two-Way Referral: For elderly patients with changing or complex conditions, a green channel for medical care is provided by the Department of Geriatrics at Peking Union Medical College Hospital (PUMCH), enabling direct referral. For patients discharged after treatment at the PUMCH Department of Geriatrics, the Qingsong Home Rehabilitation and Nursing Team can provide follow-up in-home rehabilitation and nursing services in accordance with physicians’ orders and rehabilitation care plans.
Online Video Consultation Model: After doctors or nurses conduct home assessments for elderly patients, expert teams from Peking Union Medical College Hospital provide consultations via the Qingsong Health+ platform. This enables patients to receive more professional assistance and guidance conveniently without leaving home, thereby reducing hospital visits and alleviating the burden on family members accompanying them for medical care.
Regular exchanges and multi-level training between both parties: The Peking Union Medical College Hospital geriatrics team regularly conducts lectures on geriatric medicine to train staff at subordinate hospitals, provides health education to patients and their families in the community, while "Qingsong" dispatches personnel to observe clinical practices in wards and outpatient departments on an irregular basis.
Scientific Research Collaboration: Qingsong Kanghu participates in discussions on the Chinese model of geriatric medical care systems, establishes hospital-community-home service workflows, and integrates physicians of different levels and specialties with rehabilitation and nursing professionals into a cohesive team to foster mutual improvement.
Qingsong Team
In terms of team building, Qingsong Kanghu’s professional team members are all formally trained with solid professional foundations. Our assessors and rehabilitation nurses have all graduated from medical and nursing institutions, holding professional diplomas in medicine, rehabilitation, nursing, psychology, exercise science, and nutrition. They possess professional qualifications issued by national health and human resources departments, and have practical experience in clinical medical rehabilitation or nursing care. After rigorous selection and specialized training at Qingsong Academy, our team, with an average age of around 27 to 28, consists of young professionals committed to long-term careers in the field of elderly health services.
Wang YanniNinie Wang, Founder of Qingsong Home Rehabilitation and Nursing Institution andCEO
Member of the Expert Committee on the Development of China’s Elderly Care Service Industry, Executive Director of the China Association for Geriatric Health and Medicine
Founded the “Qingsong” home-based elderly care, rehabilitation, and nursing service organization in 2004, with a focus on industrial model research, professional services, and talent system development. Holds a Bachelor of Arts in Economics from the University of International Business and Economics and a Master of Business Administration from INSEAD. Selected as a Young Global Leader by the World Economic Forum in 2013, and appointed to the Global Agenda Council on Ageing Society in 2014. Received the “Outstanding Young Scholar Award” from the Chinese Association of Gerontology and Geriatrics in 2014.