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PITCH
This healthcare service gathers via the cloud global public and private medical resources, centered on medical images and online consultation achieving lower cost, greater efficiency.
WHY?

Costly image archiving

The high costs hospitals face when archiving medical film has always been a key issue.

Insufficient information for diagnosis

Doctors struggle to give accurate diagnosis without having access to the full medical records.

Medical resource imbalance

Access to quality medical care often varies depending on physical location, e.g., city versus rural.

MARKET

RMB 7.66 billion

Total consumption of online medical services in China as of end-2017

The number is forecast to increase to RMB 14.4 billion by the end of 2018.

PRODUCT
Public individual users of Eimageglobal’s app can access their medical images and records in-app with auto backup, update on cloud; hospital registration; remote online medical consultation, social media, etc. Doctors use the app to access patient data and case history; remote diagnosis; dialogue with medical experts abroad, including top institutions.
Public individual users of Eimageglobal’s app can access their medical images and records in-app with auto backup, update on cloud; hospital registration; remote online medical consultation, social media, etc. Doctors use the app to access patient data and case history; remote diagnosis; dialogue with medical experts abroad, including top institutions.
BUSINESS MODEL
Based on the PPP model, Eimageglobal offers its app to individual users and doctors for free, while charging hospitals and enterprises for building customized DICOM platforms. It aims to connect patients, doctors and research institutions, benefiting all with its large shared pool of medical image archives.

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N.A.

TIMELINE

  • Launch
  • Growth
  • Recent Developments
  • Future Plans
  • 2010–2013 - Launched Eimageglobal app promoting remote diagnosis based on cloud archiving of medical images, a pivot from the medical imaging paper film business.

    Read in detail:

    The launch

    January 2010,company set up. 

    ●     Collaboration with Aycan in developing and selling cost-effective paper film for medical imaging.

    2013,shifted business focus to “internet + medical” and launched key product Eimageglobal

    Fundings

    March 2010, raised Series A financing of RMB 55 million from ZSVC. 

  • 2014–2015 - Series B financing; established large service network with over a hundred hospitals in Guizhou and Liaoning; opened US tech center.

    Read in detail:

    Expansion

    The first 3rdGrade – Class A hospital was available on web and app

    2015,Meanwhile, established its local network with over 100 hospitals in Guizhou and Liaoning province, promoting more balanced medical resources in the rural areas of China.

    December 2015,opened AI & big data center in Chapel Hill, CN,USA.

    Fundings
    March 2014, raised Series B funding of RMB 10 million from CrestValue
    Key personnel

    December 2015, as the biggest individual shareholder of Eimageglobal with 29.75% of the company’s stock, Wu Ling became joint CEO of the company.

  • 2016 - NEEQ public listing; network extended to nearly 400 hospitals in China; partnerships with FDA-approved US medical imaging system solution provider Client Outlook, and with Guizhou Gui’an for local big data project.

    Read in detail:

    Expansion

    May 2016, entered strategic partnership with Guizhou Gui’an Electronic Information Industry Investment Group to co-invest in Medical Imaging System Big Data Development Project in Guizhou province, with a total project value of RMB 2.35 billion. 

    November 2016, further extended its medical network to nearly 400 hospitals in China, with actual operations in more than 30 cities across the country.

    November 2016, entered long-term strategic partnership with FDA-approved US medical imaging system solution provider Client Outlook.[1]

    ●      Deal to incorporate eUnity, Client Outlook's clinical image viewing product, into Eimageglobal's online healthcare platform in China.

    Fundings

    May 2016shares publicly listed on NEEQ, also known as the New Third Board, China’s over-the counter market for small-cap listings. 

  • 2017 – NEEQ delisting amid poor liquidity; expanded Client Outlook partnership.

    Read in detail:

    Expansion

    June 2017, signed 7-year contract with Client Outlook for further collaboration on technology development in the field, including custom projects.

    Eyeing global expansion throughout Asia, North America and Europe.
    Challenges
    February 2017delisted from NEEQ, joining about 100 other companies to do so in the five months ending early May 2017, because of low liquidity
  • Recent Developments

    Raised Series D financing of nearly RMB 100 million from SDIC Venture Capital in January 2018. The capital will be mainly spent on further reinforcing the current projects on building domestic image cloud platforms, growing the scale of research, as well as expanding the business into new verticals. 

    More than 20,000 medical images have been read on the Eimageglobal platform.


  • Future Plans

    Further expand its medical network, including more county-level hospitals and clinics in China.

Updated: 04/2018

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