ASK Health releases report on the use of financial technologies in healthcare in China

With the support of Sanofi (China), Merck Investment (China) Co., Ltd. and RGAX, ASK Health and the team from Fudan University Healthcare and Finance Research Institute conducted a joint research study. The teams worked closely with policy experts, research scholars, associations and industry representatives, from home and abroad, to deepen their understanding of the various applications of financial technologies in healthcare. Together with industry and think tank partners, the research team released a report entitled Technology Helps to Build the Medical Security System: China’s Health Industry Practices and Universal Health Coverage (hereinafter referred to as the “report”) at the 4th Annual International Healthcare and Finance Forum held on April 22-23, 2021. The report shares and promotes the future development of financial technologies in healthcare.

Taking the unique opportunities in financial technologies and its applications in China as an example, the report analyzes the key elements that financial technologies add value to the medical security system, and the development and challenges for the model of integrating health and financial technologies, as well as an outlook on the development path of the applications of financial technologies in the country. At the same time, the report gives case studies on how other countries have used financial technologies to address issues such as limited financing channels for healthcare, expensive healthcare services, and quality gap of medical treatments, all of which provide a reference for China’s policy and industry development and helps reduce medical expenses at source to promote the value-based transformation of the medical security system.