Medical reform will be out in the 13th Five-Year Plan

"The documents supporting the private capital to run a doctor are like snow, but when they fall to the ground, they almost disappear without a trace." A private medical practitioner lamented.

On July 2, Director of the National Health and Family Planning Commission, Liang Wannian, said at the "2016 China Social Hospital Summit" that the "13th Five-Year Plan" medical reform plan formulated by the State Council's Medical Reform Office and relevant departments will be issued in the near future and will continue. Supporting the society to run a doctor is intended to implement the previous encouragement policy.

Ke Yang, executive vice president of Peking University and expert in medical reform, quoted statistics in his speech. Since 2005, there have been 23 documents involving private capital for medical treatment. In the view of Chen Zhongqiang, president of Peking University International Hospital, the introduction and implementation of relevant policies is the most important development opportunity for social medical practitioners to obtain the same fair development opportunities as public hospitals.

2016 medical reform latest news

The number of private hospitals has occupied half of the country. According to the National Health and Family Planning Commission, as of the end of August 2015, the number of hospitals nationwide reached 27,000, including 13,314 public hospitals and 13,475 private hospitals. Private hospitals surpassed public hospitals for the first time in number. However, in terms of the number of medical services, private hospitals accounted for only 10.9% of the cases, and the number of hospital discharges was 12.9%, which was quite different from that of public hospitals.

The reason why there is such a big gap, in the industry's view, including talent, social security, brand cultivation and other problems remain at the policy level, such as non-public hospitals can not attract more patients due to lack of medical insurance coverage.

Just last week, the State Council established the “Government Purchase Service Reform Working Group”, which borrowed from Europe and the United States, and the Canadian government purchased medical services, with a focus on medical insurance and medical service quality supervision. In Zhang Zhongqiang's view, this is good for the society to run a doctor, so that private hospitals have the opportunity to compete fairly.

Liang Wannian said that it must be acknowledged that social medical treatment is an important part of China's medical and health service system and should be given its due status. He revealed that the State Council's medical reform office and relevant departments are working on the “13th Five-Year Plan” medical reform plan.

"This plan will be issued in the near future. The general idea is to deepen the medical reform work. On the basis of the completion of the planning task of the '12th Five-Year Plan' medical reform, we must further emphasize the comprehensiveness, systemicity and synergy of the reform, and pay more attention to some of the institutional mechanisms. Reform and innovation."

Yi Lianzhong: Benefiting from medical reform to create a closed loop of medical and health systems

Yi Lianzhong 300096

Research institute: Aijian Securities analyst: Xiong Jiaxuan Date of writing: 2016-06-01

Report highlights

The code industry will be upgraded to create a closed loop of medical and health systems. The company plans to raise 4.5 billion yuan of funds to build a medical and health service system for the whole industry chain such as pre-diagnosis, mid-diagnosis, post-diagnosis, medical payment, and medical supervision. At the same time, the company has also laid out its layout in industrial finance and big data, and will benefit from the closed loop of its health care system.

In the early stage layout hardware, get the toC access port. The company has issued financial social security cards since 2010, mainly covering Fujian, Shanxi, Anhui, Hunan, Guangxi and Guangdong provinces. At the same time, in the future, we will improve the card environment for financial medical insurance cards. In 2012, we will promote self-developed self-medical integrated machines, which can realize self-services such as appointment registration, payment settlement, report printing, etc., and reduce hospital queuing. Currently, it has been in 16 provinces across the country. / Municipality has achieved a high market share. The previous hardware layout laid a solid foundation for the company's subsequent business expansion.

Based in Fujian, it radiates the surrounding areas and first-tier cities. The company's project in Fujian Province has a far greater advantage than any other company. Since the four medical systems in Fujian Province are provided by the company, this has cleared the barriers to software barriers for the subsequent project integration, and also facilitated the on-line use of the new health payment platform “Healthy Connect” for personal prepaid accounts.

Health Connect has greatly reduced the pressure on hospitals to charge for queues by binding medical insurance cards and prepaid accounts. At present, Health Link has been used in five hospitals in Fuzhou. In the future, it will gradually cover all hospitals in Fuzhou to hospitals across the province to achieve medical barrier-free across the province.

At the same time, it cooperates with first-tier city hospitals with medical advantages such as Beijing and Shanghai to realize the convenience of inter-provincial medical treatment. Fujian has a total population of 20 million. Assuming an average of 50 yuan per person in the Health Link account, the interest income generated by it will be a considerable performance income, and it will become the company that is most likely to break out.

Data mining has unlimited potential. By obtaining a large amount of data from the C-end, the company can derive industrial financial value-added services such as financial leasing and insurance. Through the mining of data, you can understand the demand for medical instruments in the vicinity of rehabilitation, and at the same time, you can more accurately locate the premium level of commercial medical insurance. The investment target obtained through data mining has a smaller risk coefficient, which provides strong support for the development of the company's industrial financial projects, and has a bright future.

Valuation and investment advice. It is estimated that the company's revenue in 2016-2018 is 561 million yuan, 842 million yuan, 1.263 billion yuan, net profit of returning to mother is 80.79 million yuan, 166 million yuan, 278 million yuan, corresponding to an EPS of 0.19 yuan, 0.39 yuan, 0.65 yuan. The company benefited from medical reform, built a closed loop of medical and health systems, and has a broad market prospect, giving it a “recommended” rating.

risk warning. The company's fixed increase has not yet passed, and there are uncertainties in investment projects.

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