The healthcare industry is currently undergoing a remarkable transformation, thanks to the rapid advancements in artificial intelligence (AI) technologyThis transformation is being driven not only by technological evolution but also by a growing demand for more efficient healthcare services across the globeBy utilizing AI, companies within the healthcare sector are finding innovative ways to improve patient care, streamline operations, and ultimately provide enhanced services to their clients.

XU Tao, a prominent figure in the health tech landscape, highlights the expansive opportunities within the health management market, predicting it will reach a staggering 30 trillion yuan by 2028. Furthermore, the senior care economy, also known as the “silver economy,” is projected to achieve an impressive scale of 30 trillion yuan by 2035. He believes that the realm in which his company, Meridian Health, operates is ripe with infinite potential and future possibilities

Meridiann Health has established itself as China's largest health data traffic hub, developing the nation’s most extensive personal health data centerThis solid foundation not only facilitates significant business growth but also allows for the nurturing of specialized enterprises within the health tech sector.

The Intersection of Digitalization and Market Opportunity

In light of the quick progression in China’s health and medicinal industry, technology-driven innovation has emerged as the driving force behind this sector’s developmentXu Tao explains hoMeridianan Health has successfully leveraged technological resources to evolve from a leading entity in preventive medicine to a comprehensive digital health management platformOver the past three years, the corporation has created an AI-driven comprehensive medical technology cloud platform conglomerate, building a robust AI infrastructure network.

This network includes the implementation of a smart health management SaaS platform and the establishment of essential systems for laboratory information management (LIS) and image archiving and communication (PACS). The continuous enhancement of quality management in medical services has resulted in a fully electronic and intelligent process—from appointment scheduling and examination procedures to subsequent service and data analysis—thereby significantly improving both service efficiency and client satisfaction.

"There is ample room for imaginative development," Xu Tao states

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He points out that AI can uniquely enhance healthcare service delivery in multiple ways, such as incorporating AI into medical services, health management services, and even insurance servicesThis vast scope encompasses more than 84 potential application scenarios, all of which could propel the healthcare sector toward high-quality innovative development.

Moreover, it is noteworthy that Meridian Health has taken the initiative to respond to national calls, becoming one of the first publicly listed companies to incorporate data assets into their financial statementsXu Tao elaborates on the benefits of such a move, emphasizing that it enables the gradual release of asset value—whether that means increasing asset value, reducing the asset-liability ratio, or capitalizing on expensesBy actively exploring the listing and trading of data products, the company is keen to maximize the potential of its data assets, which could further promote the deployment of AI-driven solutions within the listed corporate frameworks.

Currently, Meridiann Health has made significant strides in formalizing its data asset management process

Achievements include a thorough data resource audit, a structured approach to data management architecture, and the centralized collection of data-related costs, providing a robust foundation for the standardized management of data assetsThis infrastructure accentuates the company's commitment to leveraging “big health data and intelligent empowerment” in its operations.

"The incorporation of data assets into financial reports is not only a crucial first step towards assets becoming a viable financial pillar but also a pivotal milestone in the evolving marketplace for data elements," Xu Tao maintainsHe asserts that Meinian Health is striving to traverse a pathway from “business informatics to data resource optimization, then to productization, and, ultimately, to true asset formation.” This mission aims to build a new business model characterized by “AI plus health management,” accelerating the company’s journey toward becoming a leader in lifelong digital health solutions.

Collaborative Intelligence and New Ecosystems in Health Management

Despite the seemingly sophisticated nature of AI and large models—they often appear intimidating—the advancements in these technologies present unprecedented opportunities for the healthcare industry

Many may underestimate the impact that AI can have in enhancing not just diagnostics but also broader health management frameworks.

In recent yearsMeridianan Health has steadily implemented intelligent integration, consistently exploring innovative applications of AI technology in concert with medical servicesThis commitment has resulted in significant achievements in producing groundbreaking AI tools, including innovations for assessing risks related to strokes, and cognitive functions, and diagnosing conditions based on coronary calcium scoring, lung nodules, ECG readings, breast ultrasound, and othersLooking ahead to 2024, the company is poised to unveil various “specialized, refined, and innovative” AI products, such as AI-powered blood glucose management tools and traditional Chinese medicine health screening applications, to meet the diverse and personalized health needs of their customer base.

As Xu Tao highlightMeridianian Health this year launched China’s first AI health management robot, dubbed “Health Xiao Mei.” This intelligent health management assistant utilizes generative AI technology combined with precise data-driven protocols to deliver highly individualized health management services