Friday, February 22, 2019
Martin Hennecke

Good Doctor wins 200 firms over medicare plan
Ping An Healthcare and Technology (1833), known as Ping An Good Doctor, yesterday said that more than 200 Chinese companies have joined its corporate medical insurance plan.

The largest online medical services platform in China has attracted large enterprises including Bank of China (3988), China Evergrande Group (3333), China Vanke (2202), and China Telecom (0728). So far, about 1.5 million employees across 27 provinces on the mainland are under the corporate insurance plan.

The medical policy, which was launched by Ping An Good Doctor in May, integrates services of medical check-up, online consulting and tailored healthcare management.

The Shanghai-based company, a spinoff of Chinese conglomerate Ping An Insurance (2318), delivers healthcare services such as online family doctors and health mall services through its mobile platform.

As of December 31, 2017, the company has assembled an in-house team with 888 medical professionals to support its self-developed artificial intelligence technology. Last year, the platform completed 370,000 online consultations.

Ping An Healthcare and Technology has built a nationwide offline network also, covering about 3,100 hospitals, 1,000 health check-up centers, 500 dental clinics and 7,500 pharmacies. It believes that such networks would help deepen its user engagement and keep it competitive. Earlier this year, the company raised HK$8.77 billion in its initial public offering and priced its IPO HK$54.8 apiece. Shares of Ping An Good Doctor tumbled in the first couple of days of trading, which has since worried investors about its trading performance.

Shares of Ping An Good Doctor yesterday closed 1.93 percent up to HK$44.8.

Previous news : Guangzhou R&F issues profit warning


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