Shanzhen

About Shanzhen

Shanzhen, also known as 善诊, is a Shanghai-based company founded in 2015 by CEO Wu Hongxing. The firm operates as a comprehensive service provider within China's health and medical check-up industry, focusing on the unique challenges faced by the 80s and 90s generations in managing their parents' healthcare needs, often from a distance. This focus is a direct response to demographic shifts in China, where one couple may be responsible for four aging parents, and remote living situations are increasingly common.

The company's business model targets adult children as the primary payers for their parents' health services, leveraging the insight that seniors are more likely to adhere to health plans when their children have invested in them. Shanzhen has established a closed-loop system encompassing customized physical examinations, ongoing health management, and health insurance. Its revenue streams are derived from providing these health services and by collaborating with the insurance industry. By collecting and structuring health data from medical examinations, Shanzhen offers risk control solutions and data-driven insights that enable the development of insurance products, particularly for the elderly.

Shanzhen's core offering is an extensive health service network that spans over 300 cities and includes more than 3,000 public hospitals and private medical examination centers. This platform provides a range of services, including appointment scheduling, interpretation of medical reports, online consultations, health courses, and chronic disease management. A key feature is the company's proprietary technology for structuring and standardizing medical check-up reports from various institutions, allowing for historical data comparison and disease prediction. This technological capability also supports corporate clients with employee health management solutions and provides hospital examination centers with AI-powered systems for personalized check-ups and improved efficiency.

Significant milestones for the company include launching the industry's first medical insurance for seniors in 2019 and serving over 10 million users by 2020. The company has received recognition as a "Specialized, Refined, New, and Unique" enterprise in Shanghai and holds multiple high-tech enterprise certifications.