Value proposition: “Worry-free, time-saving and money-saving”, with the vision “to provide every enterprise with a harmonious workplace, every family with a dedicated doctor, and every user with a safe and healthy life”.
440,000,000 registered users access 49,0000 physicians, fitness trainers, nutritionists, counseling psychologists, 3,000 hospitals, 208,000 pharmacies with one hour delivery service, plus more.
平安健康保险股份有限公司 offers a mobile platform for online consultations, hospital referrals and appointments, health management, and wellness interaction services.
In the United States we see market trends towards emphasis on primary care as the gateway to all health care. Revive Health has seized upon this market trend opportunity. Revive Health is attracting a fast growing membership base but needs another 439,000,000 registered members to catch up to the 平安健康保险股份有限公司 company. The Joe Biden administration, through its open border policy, offers promising help.
Revive Health offers both virtual and brick & mortar primary care (in select areas), urgent care, psy. care and more plus free home delivery of prescription drugs. Find out more about Revive Health here Home – ReviveHealth | Simple & Affordable Care For All.
Below are three sources of information on the 平安健康保险股份有限公司 company”
SOURCE: Company Overview – Ping An Good Doctor (pagd.net)
With its extensive payer resources, comprehensive supplier network, leading services and strong strong ecosystem, Ping An Health has established a unique business model based on “Managed Care + Family Doctor Memberships + O2O Healthcare Services”. At present, the Company has become a professional, comprehensive, high-quality and one-stop healthcare management service provider.
As of 30 June 2022, the number of registered users on its platform exceeded 440 million, while cumulative consultations nearing 1.3 billion. The platform has accumulated nearly 49,000 internal and external doctor teams from 20 practices as well as fitness trainers, nutritionists and counseling psychologists. In addition, the platform has also signed up more than 1,500 external famous doctors in total. The Company had over 3,000 partner hospitals (approximately 85% of which are tertiary hospitals), 208,000 partner pharmacies with a national coverage of over 35% and enabled 1-hour drug delivery service in more than 150 cities supporting 24/7 drug delivery service in 80 cities and with more than 100,000 partner healthcare service providers. In addition, Ping An Health had more than 1,800 health checkup partners in more than 320 cities, serving a total of 749 enterprises.
Looking forward, Ping An Health will adhere to the value proposition of “worry-free, time-saving and money-saving”, with the vision “to provide every enterprise with a harmonious workplace, every family with a dedicated doctor, and every user with a safe and healthy life”. The Company strive to build an effective communications bridge linking doctors and patients and safeguard everyone’s health.
Ping An Good Doctor: Creating a Nondisruptive Solution for China’s Healthcare System
Author(s): KIM, W. Chan, MAUBORGNE, Renée, JI, Mi
Summary
This case describes how the Chinese internet healthcare company Ping An Good Doctor created a nondisruptive solution for addressing a key challenge in China’s healthcare industry: Seeking healthcare was difficult for many Chinese people due to the relative scarcity and uneven distribution of high-quality healthcare services.
While the government and some internet healthcare market pioneers tried to increase the supply of medical resources in various ways based on the existing hospital-centered system, Ping An Good Doctor aimed to remove the part of unwarranted demand from overcrowded large hospitals by launching an internet healthcare platform to provide primary care services.
The company recruited a full-time in-house doctors’ team of high qualifications to provide 24×7 online consultations, and partnered with other healthcare players to build a “closed-loop” system of healthcare services with fast delivery of medicine to patients’ doorsteps and convenient access to partnered clinics and labs.
Ping An Good Doctor has been addressing the needs of a vast population of Chinese people who are looking for high-quality basic care and health management services while creating a win-win between the company and other players such as hospitals, grassroots healthcare institutions, pharmacies, and independent clinics and labs.
Instead of causing displacement and disruption in the existing industry, Ping An Good Doctor’s has allowed medical resources to address market demand more effectively while lowering social costs, thereby achieving nondisruptive creation, a concept coined by Chan Kim and Renée Mauborgne in their international bestseller Blue Ocean Shift.
Teaching Objectives:
- Demonstrate how Ping An Good Doctor identified a longstanding problem in the healthcare industry from a fresh perspective and offered a brand-new solution.
- Illustrate how new market creation can take the form of nondisruptive creation, where an innovative business creates win-wins and generates social benefits instead of disrupting the existing industry.
- Showcase how new technologies such as the internet and artificial intelligence (AI) can be deployed to achieve nondisruptive creation instead of having a disruptive effect on an industry and the larger society.
- Examine Ping An Good Doctor’s revenue model and appreciate how an innovator can pursue its market-creating initiative with great market potential based on a realistic and effective business model.
SOURCE: www.blueoceanstrategy.com/teaching-materials/ping-an-good-doctor/
Ping An Good Doctor, formerly known as Ping An Healthcare and Technology (Chinese: 平安健康保险股份有限公司), is a health care software company. The company offers a mobile platform for online consultations, hospital referrals and appointments, health management, and wellness interaction services. In addition, it connects individual consumers with health care resources.[1] Founded on November 12, 2014, Ping An Healthcare and Technology is headquartered in Shanghai, China.
Ping An Healthcare offers online medical services and has 192.8 million registered users, with network coverage including 3,100 hospitals and 7,500 pharmacy outlets. It was China’s largest internet health care platform in terms of average monthly active users and daily average online consultations in 2016.[2]
In April 2020, Ping An Healthcare and Technology launched the Good Doctor Global Medical Consultation Platform. This platform enables people across the world to use either a browser interface or mobile phone app in order to both schedule and receive medical consultation services.[3]
Prior to its 2018 Initial Public Offering in Hong Kong, Ping An Healthcare and Technology was among the largest unicorn startup companies in China, with a valuation of approximately US 7.5 $billion.[4] Today, it trades under the symbol 1833:HK, with a market capitalization of more than US $15 billion.[5]
Ping An Healthcare and Technology is one of several healthtech companies spun off from Ping An Insurance.
