“Policy east wind” promotes Trinity, and medical it welcomes 10 billion increment
Electronic medical record: driven by policy and technology, ERM competition entered the second half. The National Health Commission has put forward specific requirements for the standards, pace and objectives of the upgrading and improvement of electronic medical records in large, medium and small hospitals. The development space and pace of the industry are gradually clear. We expect that the electronic medical record market may usher in an incremental space of about 16.4 billion yuan.
Intelligent service and management: the development pace is determined by the national standard, and the prospect of medical it is clear. The Health Commission has put forward more detailed standards and higher requirements for intelligent management and services to stimulate the release of the demand for medical it. According to our calculation, the market increment brought by smart service rating is expected to reach: the secondary hospital market is about 20.8 billion yuan, and the tertiary hospital market is about 14.98 billion yuan, totaling about 35.78 billion yuan. The market increment brought by smart management rating is: the secondary hospital market is about 10.4 billion yuan, and the tertiary hospital market is about 4.494 billion yuan, totaling about 14.894 billion yuan.
DRG / Dip: clear steps at both ends of the Bureau and the Institute, and market certainty is imminent
DRG / Dip: avoid waste, achieve win-win results, set policy tone and steadily promote. As a new digital and systematic payment method, DRG / dip can improve the overall efficiency of the system on the premise of saving resources of all parties, and realize the win-win of hospitals, medical insurance and patients. The end budget of the medical insurance bureau is sufficient, and the medical IT construction is in full swing. The Bureau has full driving force and quickly covers all overall planning areas in provincial units.
The demand of the hospital side is urgent, and the DRG / Dip investment should be expanded to respond. Based on the needs of industrial policies, cost control and performance appraisal, the hospital has sufficient power to promote the construction of DRG / dip. According to our calculation, the hospital is expected to bring 19.216 billion market space, including 13.224 billion yuan for primary and secondary hospitals and 5.992 billion yuan for tertiary hospitals.
Investment advice
Promoting medical it is an important theme to solve the uneven distribution of medical resources in China. Under the trend of continuous promotion of policies and continuous digital transformation of medical institutions, the medical IT industry may usher in a turning point of high-level development opportunities. The reform of medical insurance payment may stimulate the endogenous demand of medical it. At the same time, as a feature of new system construction and consulting services, DRG / dip has sprouted the SaaS model, which is expected to achieve long-term growth. Focus on B-Soft Co.Ltd(300451) , Winning Health Technology Group Co.Ltd(300253) , Neusoft Corporation(600718) , Wonders Information Co.Ltd(300168) , Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) and other leading medical IT enterprises.
Risk tips:
Market competition intensifies, the implementation of policies is less than expected, and the development of medical IT industry is less than expected.
