The nature of the company Magnesium Trust Health is financial. Magnesium Health is committed to helping patients solve their out-of-pocket medical payment problems through finance and insurance, and helping patients manage their medical expenditures more efficiently. It is a brand of medical innovative payment service under Shanghai Pharmaceuticals.
Introduction of Magnesium Health
PharmaCarePay is the innovative healthcare payment and patient benefit platform under the division, which cooperates with pharmaceutical companies, financial institutions and pharmacies to launch innovative payment services such as drug benefits and pharmaceutical installments. Meanwhile, it provides patients with more systematic rehabilitation management through three modules: information integration, innovative services and patient community.
In 2020, the company entered the field of urban customized insurance, and has landed in Suzhou, Hangzhou, Ningbo, Wenzhou, Dongguan, Yunfu, and many cities in Hunan Province. Relying on its shareholders, Shanghai Pharmaceuticals and China Life Insurance, the company will improve the local healthcare system through model innovation to enhance local people's access to medicines and alleviate the burden of medical expenses.
Spanning more than 400 cities nationwide and covering 90% of DTP pharmacies, the comprehensive pharmaceutical benefits have benefited more than 600,000 patients, saving them money on drug expenses. We take it as our responsibility to enhance the ability to pay and accessibility of treatment for the majority of patients in China, adhere to the patient-centered philosophy, actively communicate with business partners, smooth access to healthcare channels, link up protection resources, and strive to build a new model recognized by the public and trusted by patients.
It is hoped that through the efforts of the whole society, we will endeavor to achieve the health goals of early detection, early diagnosis, treatable, manageable, and medicable.