Ping An Good Doctor and Wyeth Reached Strategic Cooperation

Building a New Ecosystem of 'Maternal and Infant + Medical Healthcare'
Ping An Good Doctor
2019-05-15 15:20 4838

SHANGHAI, May 15, 2019 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor", or the "Company"; stock code: 01833.HK) announced strategic cooperation with Wyeth Nutrition on 15 May 2019. Both sides will utilize their strengths in their respective fields for an all-round cooperation in areas including the new healthcare services, new technology applications, and integration of business and membership systems, and they will bring one-stop nutrition and healthcare solutions and a new "active and healthy lifestyle" concept to 12 million members of Wyeth Mom Club by jointly building a new "Maternal and Infant + Medical Healthcare" ecosystem.

According to the cooperation, Ping An Good Doctor will provide Wyeth's premium members 24/7 online consultations with designated one-on-one sessions with private doctors who have an average of over 10 years of professional medical experience. At the same time, the designated private doctor will also act as a health steward for the mother and newborn baby. The doctor will use scientific methods to provide daily health management services, such as designated child health records, child health courses, year-round growth and development management and assessment, and medical report interpretation. This new service model will break through the service boundary that hindered links between medical and healthcare management in the past, and provide a comprehensive, one-stop high-quality medical and healthcare service for both mothers and children.

At the same time, Ping An Good Doctor has brought together the country's top doctors and hospital resources, enabling it to assist its members in arranging appointments with experts from famous pediatric hospitals, according to the actual medical needs of the members; and the "Famous Doctors' Group", consisting of doctors of associate professor grade or above from the country's top 100 hospitals, will conduct second consultations for users, to ensure patient receive the best diagnosis and treatment plan in the shortest time.

At present, domestic demand for maternal and infant medical services continue to show strong growth, and some organizations predict that the market size of the maternal and infant medical service industry will exceed RMB300 billion in the next three years. At the same time, domestic children's medical resources are extremely scarce. The number of doctors per 1,000 children is less than 0.6, and most mothers and children are unable to enjoy scientific and effective medical and health management services.

The relevant person in charge of Ping An Good Doctor said, "The 'Maternal and Infant + Medical Healthcare' ecosystem jointly created by Ping An Good Doctor and Wyeth will provide members with a designated private doctor with rich medical skills and medical resources, and care for the health of the mother and the baby, which can greatly enhance the experience of medical treatment and health management services."

Ping An Good Doctor is the leading one-stop healthcare ecosystem platform in China. Empowered by its proprietary artificial intelligence (AI) technology, its in-house medical team and external doctors provide users with 24/7 one-stop medical healthcare services, such as online consultation services, hospital referrals, appointments, inpatient arrangements, second medical opinions and one-hour medicine delivery. As of the end of December 2018, there were 265 million registered users and the Company's monthly active users (MAU) reached 54.7 million, making it the largest mobile medical application in China in terms of user scale.

Wyeth Nutrition is part of Nestlé Group, the world's leading nutrition and health company. For more than 100 years, it has provided scientific, innovative and high-quality maternal and child nutrition for the majority of families. Wyeth represents a century of innovation and continuous breakthroughs. w+ Club is an significant achievement of Nestlé's innovative incubator. It has combined with Baby Tree, Ping An Good Doctor, Wyeth and many other maternal and infant industry brands to create a membership-based maternal and infant nutrition and health management platform for mothers. The platform integrates all kinds of high-quality resources, through online and offline, integrates professional maternal and child knowledge, scientific assessment tools, and special maternal and child services to create an all-round integrated ecosystem, protecting the first 1000 days of life.

Source: Ping An Good Doctor
Related Stocks:
HongKong:1833 OTC:PIAHY