Online medical service platforms in China are growing at an unprecedented rate. According to a report by BCG, more than USD 700 million in venture capital funding has poured into the digital health-care market, and the sector is widely expected to change the landscape of the traditional health-care market in China. AllChinaTech.com takes a look at three leading players in the digital health-care field.
Guahao.com (Accountable Care Organization)
Established in 2010, Guahao or We Doctor Group Limited, has built an online platform to provide a diverse array of services. Guahao offers remote medical consultations, an online appointment booking system and provides health care insurance, through its three main products, its website, mobile app and Accountable Care Organization. According to its official website, Guahao’s database features 1600 major hospitals, 110 million verified registered users and, 150,000 physicians sourced from major hospitals spread throughout China. Guahao is ambitiously aiming to become the Chinese Kaiser Permanente of the digital era. The Tencent-backed platform is reported to have raised more than USD 394 million in recent funding round.
Founded in 2011, Chunyu Doctor provides online physician-patient communication. By offering its services online, Chunyu Doctor is able to provide affordable and fast health care services to the whole country. Patients can seek quick and free treatment or health care information, from professional physicians, by describing their symptoms over text, video chat or via online phone calls through the Chunyu Doctor website and mobile APP. The company claims to have a user base of 80 million, 290,000 user-fielded questions answered by 380,000 professional physicians, and an estimated reply time of less than three minutes. Last year, Chunyu Doctor raised USD 50 million in a Series C funding.
DXY is a Doximity-like online social networking service for China’s physicians and medical professionals. Founded in 2000, DXY describes itself as a signficant online academic portal serving five million Chinese physicians and life science professionals. DXY is building a platform where medical professionals can share information, collaborate on cases and search for jobs. With about 4.5 million registered users, DXY claims to have helped over 700 pharmaceutical, life science and marketing companies, to reach an undisclosed number of Chinese physicians and scientists over the past five years. DXY secured a USD 70 million investment from Tencent last year.