Summary of Conference Call Company and Industry - The company is involved in the integration of AI technology into traditional Chinese medicine (TCM) through a partnership with Deepseeker, focusing on intelligent diagnosis and efficient management in the healthcare sector [1][2]. Core Points and Arguments - The company's vision has evolved since 2019 to incorporate AI into TCM, aiming to enhance the accessibility of quality medical resources across the country [2]. - AI is expected to address significant pain points in TCM, particularly in improving patient service and clinical outcomes, thereby alleviating supply issues in healthcare [3][4]. - The company is developing AI models that can closely match the prescriptions of renowned doctors, enhancing the effectiveness of TCM treatments [6]. - Historical data from public hospitals is being utilized to train AI systems, with a focus on improving the accuracy of AI-generated prescriptions [8][9]. - The current dataset comprises over 20 million records, with millions added annually, which is crucial for training AI models effectively [11]. - The matching accuracy of AI prescriptions is currently estimated at 70-80%, with potential for improvement as more data is incorporated [13][14]. - The company is also exploring the integration of image data for dermatological diagnoses, indicating a broader application of AI in TCM [15]. - The AI assistant is designed to enhance efficiency in initial and follow-up consultations, although quantifying this improvement is challenging at this stage [16][19]. - The company has a dedicated IT team of around 50-60 people, with a budget of 20-30 million annually for AI development [23]. Additional Important Content - The company emphasizes that AI will serve as a tool to assist rather than replace young doctors, enhancing their learning curve and efficiency [26]. - The regulatory environment is seen as stable, with expectations that the company can adapt to changes in healthcare policies and reimbursement structures [30][31]. - The company anticipates a positive trend in the demand for TCM services, driven by an increasing number of qualified practitioners entering the field [33]. - The competitive landscape is tightening, with some peers struggling under regulatory scrutiny, which may present acquisition opportunities for the company [37][39]. - Recent policy changes in healthcare pricing are expected to lead to an overall increase in service prices, which could benefit the company [40]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, operational focus, and the broader implications for the TCM industry.
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