365 Hospital Network Secures Tens of Millions in Angel Funding to Advance Remote Healthcare Information Platform

VCBeat Exclusively Learns: Telemedicine Information Service Platform “365 Hospital Network” Secures Nearly RMB 10 Million in Angel Financing. This round of financing was led by the Puhua Jingxin Guzhou Health Industry Fund, a new fund under Puhua Capital focused on the broader healthcare sector.

Yang Haolin, Founder and CEO of 365 Hospital Network, told VCBeat that this round of financing will be primarily used to expand the team. Following the financing, the team will implement previously accumulated client projects one by one, aiming to surpass 100 hospital clients at an early stage.

It is understood that 365 Hospital Network, affiliated with Yijia Interconnection (Wuhan) Information Technology Co., Ltd., is a telemedicine information service platform centered on primary healthcare institutions. On this platform, each primary hospital can establish its own ecosystem with itself at the core, featuring supporting specialists, in-house physicians, and independently managed operational workflows.

Yang Haolin stated that the decision to focus on telemedicine information service platforms was driven by three main reasons.First, diagnosis is the most critical link in the healthcare closed loop, and telemedicine can assist in diagnostic processes. Second, administrative tiering has led to a stepwise decline in medical capabilities, necessitating guidance from higher-level hospitals for primary care institutions. Third, the increasing prevalence of advanced digital equipment provides mature technological means for telemedicine.

365Yang Haolin, founder of VCBeat, believes that telemedicine can be explained from five perspectives.First, telemedicine is a technological tool; second, the demand side of telemedicine consists of primary healthcare institutions; third, telemedicine transmits the differential in medical capabilities; fourth, telemedicine can improve physicians’ service efficiency through online channels; fifth, telemedicine helps physicians more fully realize their professional value.

Yang Haolin told VCBeat that telemedicine should adhere to principles in four aspects.First, adhere to the essence of healthcare by disseminating only information relevant to its core principles. Second, regarding internet technology, we must leverage its convenience while respecting data privacy. Third, generate continuous data streams to enable comprehensive analysis, processing, and utilization of medical data. Fourth, telemedicine is a multi-stakeholder scenario involving specialists, primary care physicians, and patients. In this context, each party has distinct needs. Yijia Interconnection aims to develop a product that aligns with the interests of all stakeholders, ensuring that their fundamental requirements are met during use.

On the 365 Hospital Network platform, physicians applying for telemedicine services have access to a dedicated workbench that enables functionalities such as image retrieval and remote consultation requests. When seeking assistance from tertiary hospitals, physicians are required to provide a detailed description of the patient’s information, including basic demographic data and clinical signs.

Meanwhile, the specialists consulted by primary care physicians will have their own specialist workstations. On this platform, specialists can view a complete request form, including relevant images. They can access the full imaging data for comprehensive processing and subsequently generate a report.

It is understood that 365 Hospital Network places great emphasis on technologies related to telemedicine information service platforms; consequently, the technical team accounted for more than 80% of the staff during the company’s initial founding period.Currently, 365 Hospital Network has obtained two software copyrights.

The founding team members have previously served as senior executives at state-owned enterprises and multinational corporations. Founder Yang Haolin has been dedicated to telemedicine for 12 years, demonstrating a profound understanding of the healthcare industry.

Zhou Mi, founding partner of the Puhua Jingxin Guzhou Health Industry Fund, which led this round of investment, stated that telemedicine is a hot investment area under the backdrop of China’s new healthcare reform. However, telemedicine is not synonymous with video consultations, nor is it merely the exclusive domain of top-tier hospitals in Beijing and Shanghai. The imaging and pathology sectors are the most amenable to productization and address rigid demand. Furthermore, regional remote imaging service models based on medical consortiums align with China’s national conditions and practical needs.

Zhou Mi told VCBeat that Yijia Interconnection is one of the few companies in China possessing core technologies for mobile transmission and processing of medical images, and its business model, which has been successfully implemented in Hubei Province, serves as a demonstrative and replicable example for nationwide expansion.

Furthermore, the PwC Jingxin Guzhou Health Industry Fund also places significant value on the extensive industry and technical expertise accumulated by the Yijia Interconnection team, particularly its founder, Yang Haolin.