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111, Inc. signs strategic partnership agreement with TK.CN.

111, Inc. announced that it has signed a strategic partnership agreement with TK.CN, a wholly-owned subsidiary of Taikang Insurance Group. Both parties will expand their businesses in online consultation, e-prescription, e-commerce and delivery service, medication cost control, healthcare insurance, and jointly develop a pharmacy benefit management model to address the challenges of access to healthcare services and overly high drug prices in China. TK.CN has selected 111 as its exclusive Internet healthcare partner and will enable TK.CN to build its online pharmaceutical sales channel and online hospital. The partnership will aim to solve the problem of accessing healthcare and drugs from distant regions through 111's technological advantages, professional services, and online hospital platform. 111 will also support TK.CN in implementing its proprietary drug database, prescription vetting system, and drug pricing mechanism to control costs. Both parties will provide value-added healthcare products and jointly develop innovative healthcare insurance services.

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Publication:The Fly
Date:Aug 23, 2019
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