China’s first publicly listed internet healthcare-pharmacy business improves healthcare efficiency and services for patients, while boosting doctors’ individual competitiveness, branding and mobility.
Why
Healthcare inefficiencies, abuses
Chinese hospitals are notoriously overcrowded, understaffed. Scalpers obtain registration slots, reselling them to desperate patients.
Limited mobility of doctors
In China’s centrally planned economy, doctors were quasi-government employees, with little freedom to choose hospitals.
Supportive central policies
China’s RMB 850 billion 10-year healthcare reform includes digitization of hospitals, real-name registration, market liberalization.
Market
$26 billion
Forecast digital healthcare market in China in 2017. In 1H 2015, China’s mobile health startups, including about 2,000 online platforms, attracted US$800 million in investments.
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