Chinese medical SaaS platform raises $14m Series B

Founded in 2015, Mingyi Zhonghe specializes in bringing online clinic management to less-developed areas with a platform that can manage prescriptions, medical records and patient information, while also connecting with larger hospitals’ systems when required. The start-up is also active in the pharmacy supply chain by directly matching pharmaceutical companies with rural clinics that can’t sufficiently source high-quality drugs.

Mingyi Zhonghe claims to be the first company to offer internet-enabled medical service to China’s rural areas. It now covers 130,000 clinics across 80 cities, serving around 150 million rural population.

In a speech last year, Mingyi Zhonghe founder Qiang Jiang said he welcomed all doctors willing to help rural patients to join his network and that the start-up would offer a one-stop service to help these doctors to run clinics in rural areas.

“Our goal is to make all clinics easy to run,” he said. He added that in China, medicine and inspection costs represent 83% of medical consumption, while doctor’s consultations represent only 17%. Mingyi Zhonghe aims to reform this structure by targeting medicine and inspection costs.

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• Topics
• Greater China
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• Early-stage
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• TMT
• Sinovation Ventures