Zero-burden and efficiency enhancement empowerment of hospitals Hefu China creates a new model of "AI + medical care".

On March 23, Hefu China (603122. SH) disclosed its 2023 annual report, last year, the company achieved revenue of 1.093 billion yuan, net profit attributable to the parent company of 47.1869 million yuan, and non-net profit of 46.9192 million yuan, and the company intends to distribute 0.6 yuan (tax included) to all shareholders for every 10 shares.

Recently, Nvidia (NVDA.US) launched medical microservices at the GTC2024 conference, and the investment opportunities of AI + medical care are favored by major institutions. On the one hand, medical IT manufacturers adjust the hospital information management architecture to adapt to the operation of intelligent applications, and on the other hand, with the help of vertical models in the medical field, the whole process of decision-making assistance from consultation to treatment is realized.

Since the beginning of this year, Cowealth China has launched the "Ultimate Empowerment" program, which consists of a digital hospital decision-making and analysis integration platform "Pointing North", a digital integration platform for audio, video and image chain in the operating room, an intelligent cross-strait medical expert experience and wisdom exchange platform, and an AI assistance system for clinical diagnosis and treatment.

The company's business sector mainly consists of three parts: intensive business platform, medical product circulation platform and hospital empowerment platform, and differentiated empowerment services have always been one of the bargaining chips for Hopefull China to enhance market competitiveness.

Smart healthcare has broad prospects

The implementation of digital and intelligent medical care is an important practice of Cowealth China's active implementation of national policies. In 2023, the State Council issued the "Opinions on Further Improving the Medical and Health Service System", proposing to build an industrial Internet platform for the medical field, accelerate the application of the Internet, blockchain, Internet of Things, artificial intelligence, cloud computing, and big data in the medical and health field, strengthen the construction of health care big data sharing, exchange and security system, promote the sharing of medical big data, and emphasize data security.

At present, China's smart healthcare market is also expanding rapidly. According to the Toubao Research Institute, from 2019 to 2022, the scale of China's smart medical market increased from 1.136 billion yuan to 3.635 billion yuan, with a compound annual growth rate of 47.3%. In recent years, with the advancement of science and technology, the favorable trend of national policies, and the growing acceptance of artificial intelligence solutions, the application of Chinese artificial intelligence has deepened, promoting the development of smart healthcare. It is estimated that by 2028, the scale of China's smart medical market is expected to reach 52.855 billion yuan, with a compound annual growth rate of 67.8%. Smart healthcare accounted for 12.8% of AI's market share, up from 3.9% in 2022.

In the future, the penetration rate of smart medical products and solutions will continue to increase. As smart medical products and solutions are expected to continue to develop and become increasingly popular in the coming years, clinical decision support systems (CDSS) have been widely deployed, and the market is expected to expand rapidly with the continuous expansion of product acceptance and the gradual promulgation and improvement of industry standards.

At this year's two sessions, Liang Tingbo, a deputy to the National People's Congress and secretary of the Party Committee of the First Affiliated Hospital of Zhejiang University School of Medicine, said in an interview that the medical insurance and health departments have a large number of medical and health public data element resources with high quality, many fields, fast updates and wide coverage, and he suggested that the exchange and sharing of medical insurance and medical public data should be strengthened.

In February this year, Cowealth China and the Institute of Computer Innovation Technology of Zhejiang University reached an in-depth cooperation. Through the in-depth integration of industry, university and research, relying on artificial intelligence technology, the two parties will thoroughly implement the innovation-driven industrial development strategy, complete the innovation platform and its industrialized services and applications in the field of medical and health segments, and make social value for improving the quality and satisfaction of national medical and health services. The Qizhen medical model released by the Institute of Computer Innovation Technology of Zhejiang University has achieved research breakthroughs in key technologies such as medical clinical path construction, medical natural language processing, and medical knowledge graph, and is a high-quality cooperation platform to support AI digital medical demonstration in the future.

Create a new model of "AI + healthcare".

Silver Persimmon Finance understands that Cowealth China relies on AI artificial intelligence to build key specialties with provincial and municipal hospitals, which is formed by the cooperation of Qizhen Medical Knowledge Base and Qizhen Model, Hefu China's original hospital decision-making and analysis integration platform "Zhibei Tower" and provincial and municipal hospitals. With the support of this clinical diagnosis and treatment assistance system based on AI large models in the medical field, smart medical care will become an important starting point for the innovation and development of Hefu China.

In this process, combined with the experience of many experts in the medical field on both sides of the strait accumulated by Hefu China for many years, as well as the clinical experience and database of experts from domestic first-class hospitals affiliated to Zhejiang University School of Medicine, provincial specialist experts led by multi-municipal experts participated in the application for scientific research projects. The core diseases are screened according to KPIs, the disease data is collected and cleaned, and then the large model data training and expert training are carried out through the clinical diagnosis and treatment AI assistance system, and the cases are continuously tracked, and the iterative upgrade of the large model version is continuously completed, so as to realize the construction of key specialties in provinces and cities.

Wang Qiongzhi, Chairman of Hopefull Group, said, "Hopefull has always been committed to empowering the development and management of hospitals with the dual innovation of technology and service model. We expect to provide hospitals with refined management services for in vitro diagnostic reagents and consumables without increasing any cost to hospitals, and also help hospitals develop with high-quality development with digital and intelligent empowerment projects. ”

Wang Qiongzhi said that the root cause of Cowealth China's decision is that the company believes that the essence of smart healthcare is inclusiveness, and social welfare is a higher priority. "With the support of this set of clinical diagnosis and treatment AI assistance system, the efficiency and accuracy of diagnosis and treatment in hospitals can also be significantly improved. Wang Qiongzhi introduced, "In addition to the strength in diagnosis and treatment, combined with Hefu's own high-quality cross-strait medical resources and a large amount of data analysis and practical experience, we will help the hospital to complete the construction of the entire empowerment ecosystem in terms of talent training, resource optimization, technology introduction, patient satisfaction improvement, etc., so that the comprehensive strength of the hospital can be further improved." ”

While not increasing the additional cost of the hospital, it can also strengthen the medical level of the hospital and improve the efficiency of hospital management, which is the innovation of the business model of Hefu China. Embarking on the historic opportunity of the application of artificial intelligence in the field of medical big data, Cowealth China will innovate again in technology and service models, and bring integrated empowerment solutions to hospitals.