Industry Frontiers

In the current era of rapid technological development, artificial intelligence (AI) has gradually penetrated into every corner of society, and the medical field has become an important battlefield for the application of AI technology. Recently, the news that Ping An Good Doctor (01833. HK), a leading Internet medical enterprise, has completed the deployment of DeepSeek and the verification of some scenario applications has undoubtedly set off a wave in the medical industry and technology field. This measure not only marks an important step forward for Ping An Good Doctor in exploring AI technology, but also indicates that medical AI is expected to release enormous value in the future, bringing new changes to the development of the medical industry.

With the support of policies, medical AI is flourishing

In recent years, the application of AI technology in the medical field has been continuously expanding, demonstrating enormous potential. From early intelligent triage and guidance to today's assisted diagnosis, disease prediction, and personalized treatment plan development, AI is gradually changing the traditional medical model. By analyzing and learning from massive medical data, AI systems can help doctors more accurately assess the condition, improve diagnostic efficiency and treatment effectiveness. For example, AI algorithms can quickly analyze medical images and discover details of lesions that are difficult for the human eye to detect, providing strong support for early diagnosis of diseases.

The support for medical AI at the policy level is also constantly increasing. At the end of last year, the National Healthcare Security Administration updated the project proposal guidelines for medical service pricing, for the first time including AI assisted diagnosis in the pricing structure. This measure recognizes the value of AI technology in medical services from a policy perspective and provides an important foundation for its commercial application.

The "Reference Guidelines for Artificial Intelligence Application Scenarios in the Health Industry" led by the National Health Commission further clarifies the application direction of AI technology in the medical industry, promoting the combination of technological innovation and application. The Shanghai Municipal Government's subsequent release of the "Shanghai Development Plan for Medical Artificial Intelligence (2025-2027)" is a concrete manifestation of local governments actively responding to national policies and promoting the development of medical AI. The introduction of these policies has created a favorable policy environment for the development of medical AI and accelerated its practical application in the medical field.

DeepSeek emerges, reshaping the industry landscape

DeepSeek, as a highly sought after domestic general-purpose large model, has unique technological advantages. With its low-cost and high-performance AI development approach, it has attracted widespread attention in the industry. This advantage is not only reflected in reducing the technology research and development costs of enterprises and institutions, but more importantly, it significantly enhances the application value of large models in other industries. For example, in the medical field, DeepSeek's powerful reasoning and data processing capabilities enable it to quickly and accurately analyze medical data, providing doctors with more valuable diagnostic recommendations.

The emergence of DeepSeek has had a profound impact on the industry. It caused the stock price of chip giant Nvidia to plummet by 17% in one day, fully demonstrating its disruptive technological capabilities. In the healthcare industry, DeepSeek's tentacles have penetrated into multiple fields.

Several tertiary hospitals in Shenzhen and Jiangsu have taken the lead in completing the localization deployment of DeepSeek, effectively improving the quality and efficiency of medical services by applying it to clinical diagnosis, medical management, and other aspects. Listed companies such as Yidu Technology, Zhiyun Health, and Yingtong have successively announced their integration into DeepSeek, completing important upgrades in their respective technological architectures, further expanding their business boundaries, and enhancing their market competitiveness.

On the first day of work after the holiday, leading domestic innovative pharmaceutical company Hengrui Pharmaceutical released a red headed document, requiring the company to fully use the DeepSeek application to further improve work efficiency and management level. These cases all indicate that DeepSeek is becoming an important force in driving the digital transformation and intelligent upgrading of the healthcare industry.

Ping An Good Doctor: A Ten Year Journey of AI Exploration

In the past 10 years of development, Ping An Good Doctor has always regarded AI as a key lever for internal empowerment, cost reduction, and efficiency improvement. Its AI exploration path can be divided into multiple stages.

In the early days, Ping An Good Doctor built a standardized AI assisted diagnosis and treatment system based on a large amount of consultation data on the platform and authoritative clinical guidelines. As of the end of 2018, this system has covered over 3000 diseases and has been implemented in more than 100 offline hospitals, providing patients with intelligent triage and guidance, auxiliary consultation, information collection, and rational drug use monitoring services. This stage of exploration has accumulated valuable medical data and AI application experience for Ping An Good Doctor, and established a preliminary foundation for the application of AI in the medical field.

With the continuous development of technology, based on deep reasoning and neural network technology, Ping An Good Doctor has significantly upgraded the system, covering 37000 diseases. In order to further enhance the capabilities of the AI system, the platform adopts a unique training method, which allows doctors to select a certain number of consultation corpora from the daily consultation volume for annotation, and then hand them over to AI for deep learning. After a long period of accumulation and optimization, five leading medical knowledge bases in China have been formed, including disease database, prescription treatment database, medical product database, medical resource database, and personal health database. These knowledge bases not only provide rich knowledge reserves for AI systems, but also lay a solid foundation for subsequent large-scale model development.

Entering the era of big models, Ping An Good Doctor has trained its own medical big model, Ping An Medical Broadcom, based on its professional knowledge base. By integrating multiple sources of medical data, Ping An Medical Broadcom is able to gain a deep understanding and analysis of complex medical issues. In order to better meet the needs of different business scenarios, Ping An Good Doctor has innovated on the basis of Ping An Medical Broadcom, dividing it into 12 small models covering real business scenarios such as consultation, interpretation, diagnosis, and emotional monitoring. Taking medical record interpretation as an example, users only need to upload consultation records and medical documents from other platforms or institutions, and the large model can quickly identify and organize them. After professional team proofreading, accurate and complete interpretation results can be provided within three minutes, and personalized trend analysis and health advice can be provided. The launch of this service has greatly improved the efficiency of medical information processing, providing patients and doctors with a more convenient and efficient service experience.

Based on the technology support of big models, in June last year, Ping An Good Doctor officially upgraded the "Ping An Family Medicine" brand, released a one-stop active health management service system, and launched a user service commitment of "active health management, effective management of chronic diseases, and full process disease management". Empowered by AI technology, the efficiency of home healthcare services has been significantly improved, by about 30%. This achievement not only reflects the effectiveness of Ping An Good Doctor in the application of AI technology, but also provides strong support for its future business development.

Joining hands with DeepSeek, a safe and good doctor with a promising future ahead

Accessing DeepSeek has multiple important implications for safe and good doctors.

Technological breakthroughs, precise services

At the technical level, based on DeepSeek's powerful reasoning ability, Ping An Good Doctor can upgrade existing medical vertical classification models. This will enable the model to more accurately understand users' demands, especially when facing complex and difficult diseases, and provide more accurate diagnostic recommendations and treatment plans. Related studies have shown that a clinical decision-making system based on DeepSeek-R1 can complete multidimensional risk assessment of critically ill patients within 30 seconds, with an accuracy improvement of 42% compared to traditional methods. This data fully demonstrates the enormous potential of DeepSeek in improving the efficiency and accuracy of medical diagnosis. By combining with DeepSeek, Ping An Good Doctor's AI system will be able to better respond to various complex medical scenarios and provide patients with higher quality medical services.

Cost optimization, efficient operation

In terms of cost, DeepSeek has lower usage costs, especially in the stages of personalized training and tuning, requiring less data and computing power. This is undoubtedly a major benefit for Ping An Good Doctor who needs to support multiple AI application scenarios. In the past AI development process, the cost of data and computing power was often a major challenge faced by enterprises. The emergence of DeepSeek has effectively reduced these costs, enabling Ping An Good Doctor to conduct technology research and application innovation more efficiently. This not only helps improve the operational efficiency of the company, but also reduces service costs and provides users with more affordable medical services.

Strengthen advantages and enhance competitiveness

From the perspective of market competitiveness, access to DeepSeek will further enhance the competitiveness of Ping An Good Doctors in the Internet medical field. Compared to the e-commerce attributes of Alibaba Health and JD Health, Ping An Good Doctor focuses more on the professionalism and depth of medical services with medical and elderly care services as its core business model. By accessing DeepSeek, Ping An Good Doctor can achieve technological leadership and provide users with more personalized and intelligent medical services. This will help attract more users, improve user stickiness and further consolidate its position in the Internet medical market.

Ping An Group's strategic layout, jointly drawing a new blueprint for healthcare

In December last year, Anxin Limited, the wholly-owned subsidiary of Ping An Group and the largest shareholder of Ping An Good Doctor, announced that it would give up HKD 4.277 billion in cash dividends and choose to further increase its stake in Ping An Good Doctor through the method of stock for interest, with its shareholding ratio increasing from 39.41% to 52.74%. This measure demonstrates Ping An Group's firm confidence in the future development of Ping An Good Doctor, and also highlights the important position of Ping An Good Doctor in the overall strategic layout of Ping An Group.

Ping An Good Doctor has become an indirect non wholly owned subsidiary of Ping An Group, and the company's financial performance will be incorporated into Ping An Group's financial statements. This not only strengthens the connection between Ping An Good Doctor and Ping An Group, but also provides more opportunities for the collaborative development of both parties. Under the guidance of Ping An Group's "comprehensive finance+medical and elderly care" strategy, Ping An Good Doctor is closely integrated into it, opening up the business loop of medical and elderly care. By integrating resources within the group, Ping An Good Doctor can provide users with more comprehensive and one-stop medical and health services, meeting their health needs at different stages.

From the perspective of business data, as of June 2024, the service revenue of the F-end (insurance and financial client) accounted for 53% of the company's overall revenue, while the service revenue of the B-end (enterprise end) accounted for 34%. The two major strategic business revenues accounted for over 87%. This data demonstrates the success of Ping An Good Doctor in business transformation and strategic layout, and lays a solid foundation for its future development. With the continuous development and application of AI technology, Ping An Good Doctor is expected to play a greater role in the medical and health field, providing strong support for Ping An Group's strategic goals.

Several securities firms have also expressed optimism about the future development of Ping An Good Doctor. Huatai Securities pointed out in the research paper that DeepSeek technology breakthrough AI big model technology equality, which is conducive to Ping An Good Doctor as a vertical leader to further effectively apply AI big model to Internet medical service practice, and promote its high-quality medical service data to release actual value.

At the same time, the synergistic effect between Ping An Good Doctor and Ping An Group will be an important driving force for its fundamental improvement and a key factor in driving its valuation increase. Citibank has given the company a "buy" rating, and it is expected that Ping An Group will announce more details at the 2024 fiscal year performance conference in March this year, which may strengthen control over Ping An Good Doctor and possibly inject capital.

CITIC Lyon continues to maintain its market leading rating, believing that the close connection between Ping An Good Doctor and Ping An in China, as well as the mature digital health management platform, make it a strong candidate as an important component of innovative commercial health insurance products.

In summary, the integration of Ping An Good Doctor into DeepSeek is an important strategic layout in the field of medical AI, with profound significance and impact. By combining with advanced AI technology, Ping An Good Doctor is expected to achieve significant results in improving the quality of medical services, reducing costs, and enhancing market competitiveness.

At the same time, with the strategic support of Ping An Group, Ping An Good Doctor will have a broader development space and make greater contributions to promoting the digital transformation and intelligent upgrading of the medical industry. We have reason to hope that in the future, Ping An Good Doctor can leverage the power of AI technology to provide users with better, more efficient, and convenient medical and health services, opening a new chapter in the value release of medical AI.

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Source: Xianji.com

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