\u3000\u3000 B-Soft Co.Ltd(300451) (300451)
Event overview
The National Medical Insurance Bureau promulgated the three-year action plan for DRG / Dip payment reform in November 2021. B-Soft Co.Ltd(300451) as one of the earliest software suppliers of medical and health informatization in China, combined with its R & D background and experience accumulation of medical and health informatization for many years, it actively responded to the national DRG / Dip payment reform policy and successively implemented in some pilot cities.
Internally: deeply integrate hospital end management and business. External: provide multi-dimensional data support and assistance.
In 2021, B-Soft Co.Ltd(300451) made every effort to provide high-quality and transparent DRG management for the hospital, ranging from each medical record to the whole hospital department. The company successfully helped clinicians build a DRG conceptual model and establish a high-quality DRG management system suitable for the institution, which greatly helped: (1) clinicians directly participate in the DRG payment business in the hospital, Establish a high-quality DRG management system suitable for the individualization of the medical institution. (2) Enhance the transparency of DRG management in the whole hospital, assist hospital managers to understand and analyze the application of DRG business, and promote the hospital to continuously improve DRG business. In addition, B-Soft Co.Ltd(300451) also provides all-round data support for the business communication between the hospital and the medical insurance bureau, including interpretation of medical insurance policies, grouping feedback analysis, data operation simulation and other services, so as to return the key data affecting hospital development such as DRG settlement point value and difference coefficient to a reasonable level in line with the sustainable development of public hospitals, Avoid unnecessary losses to the hospital.
Phased progress has been made in the pilot, and multiple application scenarios of DRG / Dip have been supported and connected
B-Soft Co.Ltd(300451) obtain data from the medical insurance settlement list, the first page of medical records, medical service details and electronic medical records, enter the DRG / Dip Intelligent Grouping platform after quality control, group the data by means of major data processing, and then apply it to diversified scenarios such as grouping calculation, medical insurance settlement and operation analysis.
In terms of pilot, the company's DRG / Dip products have achieved remarkable results after the pilot project Yancheng first people's Hospital of Jiangsu Province was launched, helping the hospitals in the pilot area to achieve the effect of rapid replication and accelerated coverage. At present, Jianhu County People's Hospital and other hospitals under the overall planning area of Yancheng have completed the rapid deployment and launch of the company's Hospital DRG products. In addition to Jiangsu Province, the company provides product and data support in many DRG / Dip pilot cities across the country. The first people's Hospital of Ninghai County, Zhejiang Province forecasts the medical insurance settlement situation and trend every month through the company's DRG products, deeply excavates its own advantages, and adjusts vulnerable departments and disease groups.
Investment suggestion: China's medical information industry is booming. Driven by policies such as electronic medical record, internet medical treatment and hospital intelligent management, the company, as a leading enterprise in medical it, ushers in new opportunities for development. It is predicted that the operating revenue of the company from 2021 to 2023 will be RMB 2.126, 2.727 and 3.364 billion, the net profit attributable to the parent company will be RMB 438, 598 and 753 million, the EPS will be RMB 0.28, 0.39 and 0.49/share, and the corresponding PE will be 34, 25 and 20 times, maintaining the "recommended" rating.
Risk warning: the promotion of healthy cities does not meet expectations; "Huikangyun" transformation is less than expected; The development of online diagnosis and treatment services is less than expected; Competition in the medical IT industry has intensified.
