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Ping An Good Doctor Expects National Medical Insurance Coverage

By Wen Simin and Han Wei / Aug 08, 2019 04:52 AM / Business & Tech

Photo: VCG

Photo: VCG

Ping An Healthcare and Technology Co. Ltd., China’s leading online health-care services provider, said it expects to connect its services with the national medical insurance system in three to five years as regulators move to expand coverage to the emerging online services.

The National Healthcare Security Administration said it will support local medical insurance systems to cover qualified online health-care services to allow patients to get reimbursement.

Ping An Healthcare, better known as Ping An Good Doctor, is a subsidiary of China’s second-largest life insurer, Ping An Insurance Group.

Hong Kong-listed Ping An Good Doctor is in close contact with local health-care authorities in hopes of being included in the system as soon as the policy is implemented, according to Chairman Wang Tao.

Ping An Good Doctor offers services such as helping patients get online medical consultations and making offline appointments. In the first half this year, the five-year-old company reported a narrower loss of 273 million yuan ($38.6 million). Revenue doubled to 2.27 billion yuan.

Wang said the company is focusing on expanding access to hospitals and patients in preparation for explosive growth of online health-care services in the next two to three years.

Related: Ping An Healthcare Still in the Red Despite Strong Revenue Growth

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