111, Inc. Signs Online Healthcare Project Strategic Framework Agreement with the Kunshan Health Commission
Joint implementation of the Operations Service Platform
Facing problems surrounding the Chinese healthcare sector, including disproportionate distribution of healthcare resources, inequitable drug pricing, inefficient healthcare services and inadequate regulatory supervision, the Chinese government has continued to strengthen reforms and encourage Internet healthcare, in an effort to realize its goal of healthcare overhaul.
Kunshan, one of the first Chinese pilot “smart cities”, has continued to upgrade its IT infrastructure and has been recognized as one of China’s top 50 IT-oriented cities over the past few years.
Under the terms of the agreement, 111 will establish offline medical outlets in Kunshan and leverage them to launch its online hospital business, integrating its nationwide network of 2,000 medical professionals and rapidly expanding its team of online doctors. Concurrently, 111 will leverage its strong pharmaceutical supply chain management system which consists of 1 Drug Mall, 1 Clinic, and over 130,000 pharmacies, to build an innovative integrated healthcare and pharmaceutical services ecosystem, and to launch the Operations Service Platform pilot initiative in conjunction with the
In addition, 111 will leverage its core strengths of smart supply chain management, cloud-based solutions, big data analytics, healthcare expertise and pharmaceutical supply service infrastructure to deliver online services through the Operations Service Platform to healthcare institutions and pharmaceutical wholesalers and retailers within Kunshan.
Supported by its online hospitals and the local internet and IT infrastructure, 111 will work with the
111 will establish its online healthcare business’ headquarters and implement its “smart healthcare” vision in Kunshan. The Company believes that the Operations Service Platform will become a national online healthcare benchmark within five years and part of 111’s online pharmacy retail and wholesale business in East China.
111 will launch multiregional layout for online hospitals
As the Chinese online healthcare leader, 111 is the industry’s first publicly traded company following its listing on
111’s development of its online hospitals began and closely tracks the development trajectory and models rolled out by the Chinese government. Using actual experience gained from its Kunshan online hospitals, 111 will consolidate its online healthcare strategies in building its Operations Service Platform and replicating it.
Dr. Gang Yu, Co-Founder and Executive Chairman of 111, stated that, “Kunshan has a clear geographical advantage and a well-established urban IT infrastructure. 111 will leverage its extensive technology and industry experience to explore innovative online healthcare business models in conjunction with the
Currently, 111 operates a closed-loop online healthcare ecosystem based on online B2C pharmacy "1 Drugstore", which has over 15 million registered users, online hospital "1 Clinic" and online B2B pharmacy "1 Drug Mall", which serves over 130,000 pharmacies.
For more information on 111, please visit ir.111.com.cn
For more information, please contact:
Mr. Christian Arnell
Ms. Linda Bergkamp
Source: 111, Inc.