JD Health, Siemens Healthineers Partner to Support China's Private Hospitals
JD.com, 7/03/20
On June 30, Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK)'s healthcare subsidiary JD Health and Siemens Healthineers, a leading healthcare company, entered into an agreement to boost service capacity for China's private hospitals. Centering on the supply of medical equipment, the two companies aim to build a more comprehensive and upgraded ecosystem for the nation's non-public healthcare sector which is experiencing rapid growth in recent years.
The signing ceremony for the cooperation was held online due to the COVID-19 situation, while it also signifies the "Internet+Healthcare" model underlined in the cooperation.
Private hospitals are an important supplement to the nation's public healthcare system. With people's increasing demand for high-quality medical services, private hospitals have huge potential amid China's ongoing medial reform. Meanwhile compared with the maturity and completeness of public hospitals, many difficulties lie ahead for private hospitals, such as opaque cost and lack of efficiency in medical equipment procurement, mismatched allocation of medial resources, and lack of response to patients' needs.
These pain points in the development of private hospitals are the target for the cooperation between the Chinese internet giant and the global medical service solution provider. By integrating JD's capacities in telemedicine, online pharmacies, fintech and logistics, and Siemens Healthineers' advanced medical equipment, expertise and services, the two parties will work closely to build up a comprehensive solution for private hospitals that covers medical equipment, technology, consulting and services. It will enhance the online service capabilities of private hospitals in areas such as checking test results and handling online consultations that will ultimately bring greater convenience and benefits to patients.
"Empowered by JD's big data, technology and supply chain, JD Health now has deployed the most complete "Internet + Healthcare" model in this industry. The goal of our collaboration with Siemens Healthineers is to explore further solutions to support the nation's private hospitals in areas such as medical equipment procurement and supply chain service so as to connect more high-quality medical resources to a wider range of people and create a new and healthy ecosystem for the development of the non-pubic healthcare sector," said Xin Lijun, CEO of JD Health.
"Non-public healthcare is one of Siemens Healthineers's strategic markets in China. We have always been focused on customer needs, customizing solutions for various kinds of non-public healthcare institutions. Our partnership with JD Health is intended to leverage data to optimize pre-hospital choice by patients, while integrating post-hospital services such as disease awareness communications and recovery to help non-public care providers enhance their brand reputation and build patient loyalty. Ultimately, Siemens Healthineers aims to expand the non-public healthcare ecosystem in collaboration with a growing number of partners to continuously serve customers from this domain," said Pu Zhengrong, Vice President of Advanced Therapies at Siemens Healthineers, Greater China.
Both sides will also work on health education and services at China's grassroots level starting from JD's medicine circulation network, assisting residential communities in disease control, health knowledge promotion, and chronic disease management. With the adaptation of a new health management model and the integration of AI and telemedicine, the cooperation has huge potential to expand and contribute to the penetration of high-quality medical resources and services into the Chinese healthcare market.
Keywords: Pu Zhengrong e-commerce Internet B2C JD.com Xin Lijun JD Siemens Healthineers JD Health 9618.HK online healthcare
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