Fushoukang

About Fushoukang

Fushoukang, formally known as Fushoukang Wisdom (Shanghai) Medical and Elderly Care Service Co., Ltd., was established in 2011 by founder and chairman Zhang Jun. The company operates in China's growing elder care market, addressing the needs of an aging population. It has established itself by providing a comprehensive suite of community and in-home medical, nursing, and rehabilitation services.

The company's business model is centered on an integrated "Internet + medical and nursing care" approach. Fushoukang builds and operates a network of community-based nursing stations which act as hubs to serve the surrounding areas. This structure creates a closed-loop service system that connects home care, community centers, hospitals, and nursing homes. Revenue is significantly driven by China's long-term care insurance (LTCI) scheme, which was piloted in Shanghai in 2017. This government policy helped solve the payment problem in the elderly care market, with the insurance covering a large portion of the costs for eligible seniors. Fushoukang also generates income from value-added services not covered by the public insurance, such as private home companionship, bathing assistance, and other customized care options.

Fushoukang serves a wide range of elderly clients, including those who are healthy and independent, semi-disabled, fully disabled, suffering from illness, or living with dementia. The company offers a one-stop platform for their diverse needs. Its core services, often covered by long-term care insurance, include basic daily life assistance and common clinical nursing. Beyond this, Fushoukang provides specialized dementia care, institutional care in nursing homes, post-hospitalization rehabilitation, traditional Chinese medicine treatments, and the rental of assistive devices. A key component of their offering is a proprietary digital platform and smart monitoring system. This includes health monitors that track sleep and physiological data, and in-room sensors that monitor movement to prevent accidents, enhancing safety for seniors living at home.

Since its inception, Fushoukang has achieved significant scale. The company has successfully completed several funding rounds, including a Series B in 2020 led by Qiming Venture Partners, a Series B+ in 2021 led by Sequoia Capital China, and a Series C in the hundreds of millions of yuan. These funds have been used for national expansion and the development of its digital healthcare systems. As of recent data, Fushoukang operates in over 62 cities, with more than 302 medical care stations and a professional team of over 19,000 people. The company serves over 20 million people annually.