Why is splitting up the medical sector "mitosis" in Iflytek?

With the increasing demand of medical and health care, strengthening regional cooperation, promoting information sharing and promoting smart medical care have become the new trend of medical development at this stage. In this development process, it is inevitable to be inseparable from intelligence and digitalization. Driven by the national smart medical care, many smart medical companies have developed rapidly. With the help of new technology, the medical industry is also booming.

Shanghai even proposed "to carry out a pilot service purchase of artificial intelligence aided diagnosis system, allowing pilot hospitals to purchase technical services of artificial intelligence aided diagnosis system that have obtained three types of medical device registration certificates from service providers". Compared with image recognition, speech recognition, a perceptual intelligence technology, developed earlier and is widely used in various fields, among which medical treatment is also an important application scene of intelligent speech. With the breakthrough of cognitive intelligence technology such as natural language understanding, artificial intelligence aided diagnosis has begun to usher in a new stage of development. Iflytek is an important player who combines perceptual intelligence and cognitive intelligence.

Last month, as an important application scenario of voice medical care, the medical information market almost ushered in great changes, and Weining Health and Entrepreneurship Wellcome finally failed to merge. The action of the head enterprise of medical informatization may be the advance layout in the era of intelligent medical care, and it also reveals the fear of medical informatization enterprises in the face of intelligent products. This change has also become an opportunity for medical development in Iflytek.

Iflytek medical intelligent assistant

On August 3rd, 20021year, the board of directors of Iflytek has agreed to separate and list Iflytek. It is believed that with the successful IPO of Iflytek Medical, great changes will take place in the smart medical and medical information industries.

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This industry seeks change,

Intelligent auxiliary diagnosis and treatment welcomes development opportunities

Undoubtedly, the development of smart medical care has exceeded the expectations of the industry, especially in the post-epidemic era, the rise of health awareness will certainly stimulate the wide application of smart medical care and make the medical information industry, which has stabilized before, start to make waves again. Facing the intelligent upgrade of the industry, the existing medical information enterprises must make changes. Previously, Weining Health and Venture Wellcome, ranked second and third in the industry, even reached a merger agreement. Although the final merger failed, it also reflected the anxiety of the industry.

On June 5438+February 3, 2020, National Health Commission issued "Guiding Opinions on Further Standardizing Medical Behavior and Promoting Reasonable Physical Examination", demanding further standardization of medical behavior and promoting reasonable physical examination. The standardization and integration of medical information are inseparable from artificial intelligence technology. In the era of smart medical care, medical informatization is no longer stable and needs the intervention of artificial intelligence, so the opportunity for smart medical companies has come.

Iflytek saw the prospect of smart medical care very early, and integrated artificial intelligence and big data technology, and laid out early in smart hospitals, smart medical assistants and Zhilian medical platform. It has been recognized by many top medical institutions and related organizations, and its products have been widely used in clinic. The anxiety of the medical information industry will be an opportunity for the rise of medical care in Iflytek.

Iflytek medical treatment

Smart Hospital: The products cover three scenarios before, during and after diagnosis, including medical voice input, AI electronic medical records, AI mobile medical care, clinical intelligent decision support, intelligent voice follow-up and other applications, so as to comprehensively improve the professional level and work efficiency of medical staff, improve patients' medical experience, and improve hospital service capacity and quality. Now it has covered more than 200 tertiary hospitals nationwide.

Intelligent medical assistant: medical cognitive intelligence, medical reasoning and knowledge map that have passed the national qualification examination for practicing doctors are applied to the service process of primary health care, and artificial intelligence applications suitable for primary health care are constructed. Provide services such as auxiliary consultation, auxiliary diagnosis and treatment, medication advice, intelligent follow-up, chronic disease management, epidemic prevention and control for grassroots doctors. It has been applied by more than 30,000 primary medical institutions in nearly 200 districts and counties across the country, serving more than 50,000 primary doctors and benefiting more than 50 million residents, and providing more than 400,000 auxiliary diagnosis suggestions every day, effectively improving the level of primary diagnosis and treatment services.

Zhilian Medical Platform: Relying on core technologies such as medical cognitive intelligence and intelligent voice interaction, combined with mobile Internet technology, an Internet medical service system of "convenience, wisdom, promotion and benefit" is built, which integrates online and offline integration, regional real-time collaboration, unified mobile service portal for patients, unified mobile work portal for medical care and unified mobile management portal for health care, so as to make high-quality medical resources fair and accessible.

Iflytek's technology and resources make Iflytek's medical care rise rapidly, but the higher development of Iflytek's medical care needs more in-depth medical care. With the spin-off and listing of Iflytek Medical, the company's business will focus more on the medical track, aim at the pain points of medical treatment, create products more suitable for clinical use, and better help Iflytek seize the scene of smart medical care.

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Iflytek ecological supplement,

Or become the growth point of group performance.

Under the wave of intelligent development, Iflytek has made achievements in many fields, such as education, security and smart city, which has greatly promoted the development of artificial intelligence technology and industrialization in China. Compared with other industries, Iflytek medical care, which started late, still has great development prospects.

For example, speech recognition, as one of the main technologies of artificial intelligence, also plays a great role in the medical field, and the market has stabilized. In the United States, the voice giant Nuance thought that this function could be completely replaced by artificial intelligence, so he developed a voice medical record system. By 20 16, the income in the medical field has exceeded 50% of Nuance's total income. In China, the application of intelligent voice in medical treatment is gradually increasing, and Iflytek Medical has occupied a considerable market in the field of voice medical records. With the breakthrough of cognitive intelligence, and the country's annual medical investment accounts for about 6% of the total GPD, the application of artificial intelligence in the medical field has great imagination.

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In 2020, under the epidemic situation, the smart city industry in China ushered in a concentrated outbreak, and the overall industrial scale reached 296.28 billion yuan. In the view of deep dive atom, the outbreak of smart city industry is inseparable from the amazing performance of medical artificial intelligence in epidemic prevention and control. For example, Iflytek's exit follow-up system has analyzed millions of outpatient medical records at the grassroots level and provided analysis reports to the public epidemic prevention departments. As an important part of smart city construction, smart medical care has achieved important results and has great development prospects.

Medical treatment is highlighted in the development plan of the new generation of artificial intelligence, and it is pointed out that it is necessary to popularize new models and new means of artificial intelligence treatment and establish a fast and accurate intelligent medical system. From policy to clinical environment, smart medical care is in the best period of historical development. The 2020 annual report shows that the revenue of smart medical services in Iflytek exceeded 300 million, up 69.25% year-on-year.

Although the development of smart medical care still faces some problems, such as the informatization construction of clinical problems, the digitalization and sharing of clinical data, and how to cut into deeper fields from the current images. However, Huaan Securities pointed out in the research report that in the short term, China's medical information industry will maintain double-digit steady growth with broad prospects. At present, the US smart medical market accounts for about 80% of the global market share; In contrast, the investment in smart medical care in China only accounts for 0.5% of hospital income, and the long-term industry has ten times the potential growth space.

At the 2020 annual performance briefing, Liu Qingfeng, the founder of Iflytek, responded to how to achieve the "revenue target of 100 billion yuan". He said that the revenue target of/kloc-0,000,000,000 yuan is driven by the endogenous growth of the main tracks in Iflytek, with one third coming from education, one third from digital life fields such as medical care, e-government and convenience services, and one third coming from consumer products.

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As an old player in the industry, after Iflytek Medical is listed independently, Iflytek Medical will get more funds and develop independently, which will take the lead in solving the clinical problems of smart medical care. Iflytek will also reduce its investment in smart medical services and bring more potential value release to Iflytek shareholders from the perspective of value.

What's more worth mentioning is that Iflytek Medical will still be merged with the Iflytek Report. As a very important supporting field for Iflytek's next business growth, smart medical care is expected to provide a huge income growth point for the Group, or it can replicate the successful path of smart education and open the "second growth curve" in Iflytek.

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The health bureau was split and listed.

Achieve a win-win situation for the Group and its subsidiaries.

The spin-off and listing of the medical sector is not only of great value to enhance the market value of the parent company and subsidiaries, but also enables enterprises to complete mitosis and make the business sector more independent and fully developed. For the split business, not only can the person in charge of the track be obtained as an independent person, but also new evaluation and financing can be obtained in the capital market. There are countless successful cases in this respect, and the coordinated development between JD.COM and the four unicorn enterprises is the best example.

Iflytek is famous for his speech recognition. However, speech recognition, as a core intermediate station capability, can be applied to a variety of scenarios. It should not be limited to scenes such as input method and corpus conversion. The split of the health sector will greatly promote the in-depth application of speech recognition in the field of health diagnosis and treatment.

Medical care is the most important cause for people's well-being. Although our medical career has developed by leaps and bounds, the problems of unbalanced resources and the number of doctors and hospitals can not meet the needs of patients are still very prominent. In this context, medical technology is an industry promoted by the state, which combines two important fields, and the imagination of smart medical care is huge. Around how to improve the efficiency of doctors, there are a series of business breakthroughs that can be dug deep. Iflytek Medical has been cultivating smart hospitals and smart medical assistants. After separation after independence, it will speed up the pace of landing in the hospital.

Artificial intelligence involves many fields of medical treatment.

For another example, JD Health, which was spun off from JD.COM last year, had a market value of over HK$ 330 billion on its first day of listing. In the case of the general break of listed companies in Hong Kong stocks, it has gone all the way, creating the myth of Internet medical care.

In a word, the spin-off and listing of Iflytek Medical is a win-win strategic choice for the group and its subsidiaries. It is also a good start for Iflytek to give full play to its core competitiveness and deepen specific sectors.