Many people felt so real about the strength of "China Medical" for the first time by the following figures: build the emergency hospital in 10 days, prepare 7-edition diagnosis and treatment plan in 50 days, and test 90.41 million cases of nucleic acid in 6 months etc, under the slightly gloomy anti-epidemic theme in 2020 ! As a pioneer of financial leasing, thanks to sustained assisting the medical industry, Far East Horizon witnessed the magnificent changes in China's total health expenditure, which has increased 15 times in 20 years, and the basic realization of universal health care.

"Circle of Friends" that Has Been Operating for 20 Years

Many years later, Wei Xinfang, who is already the general manager of the Medical and Health Department I, still remembers her first order--purchasing CT for a small prefecture-level forensic hospital, worth 2 million yuan. "There are so few local hospitals that even the forensic hospital have to treat the common people." It was 2006, just four years after the country restarted the new rural cooperative medical system.

With the start of the new rural cooperative medical system, reimbursement for medical treatment is no longer exclusive for urban workers, and the ability of ordinary people to pay for medical treatment has been greatly improved. Expenditure on expansion of hospitals around the country has grown explosively, so self-accumulation or government subsidies alone can no longer meet the demand for funds. From then on, the Far East began to deal with hospitals that were in the impression of "Money Is Not A Problem".

"Do you understand medical treatment?" At first, Directors still resisted the financial leasing.The Far East was keenly aware that the Directors can open their hearts only by understanding them in combination with medical characteristics. And then the Far East began to recruit personnel with medical experience, thoroughly studied the hospital operation logic, found the "pain" for hospital financing, and used the natural correlation between financial leasing and industry to help hospitals revitalize funds and introduce equipment.

We are providing more than just funds. Directors, especially Directors of public hospitals, have relatively single financial management of hospitals, so Far East people make scientific and clear financial planning for hospitals from the perspective of financial specialty, leading their investment and financing decisions changed from perceptual to rational.

On the basis of the coordinated mode of "finance + industry", Far East people also provide medical supporting services, such as investment and acquisition, restructuring and reorganization, planning and construction, certification and evaluation, discipline construction, etc. to build a comprehensive service capability different from other peers.

At the same time, with the establishment of the first medical management company, hospital, rehabilitation hospital and nursing home, Far East Medical has also gone through "three steps" from financial business to comprehensive service and then to operation of physical asset.

Opening a big market by small step for exploring new area and trial in the market gave us the expectation of co-prosperity with the industry. Taking hospitals as the center, Far East Horizon has extended its service to pension and rehabilitation institutions as well as medical circulation enterprises, such as medicines, equipment and consumables. Over the past 20 years, it has invested 150 billion yuan in the medical field, serving more than 3,000 medical institutions of various types.

Chicken or egg first?

Nowadays, this kind of financial leasing has been accepted by China's medical institutions. As the first long-term, sustained and stable livelihood industry, the medical care is even considered as "no-lose deal". However, so many financial institutions gave investment for it, with some of them having suffered setbacks.

As for risk control, Far East people claim to have figured out the difficult problem of "chicken first or egg first", that is the management system shall be done first, followed by operation. As early as the business began, the Far East established a review process, taking quality control as the core. This system has solved such problems as how to screen customers and how to control risks, establishing a standard for the industry.

△ Operation Process of Far East Horizon Financial Leasing

In recent years, one "Internet + Financial Leasing" project that failed aroused wide attention, with more than 400 hospitals involved and being taken as creditors. Thanks to our unique risk control system that we has identified their risks, such as business mode shortcomings and doubtful backgrounds of investors in advance, the Far East has not involved in any single business in this project.

"I am proud to say that the non-performing rate of hospital projects served by the Far East has kept at a few over 10,000 all the year round, almost no losses, so we can definitely stand the test of the market!" Peng Jiachang, the approver of the Far East Horizon medical industry, said that the Far East people would carefully investigate the evaluation of each hospital project, from the local population trend, hospital competition situation to the use of funds and other hospital financing.

In addition, the understanding and assessment of hospital operational risks is enhanced through close linkage with 60 hospitals under the Far East. "Our risk control personnel often have a communication with the Directors of our own hospitals, can learn more “inside story” about the development of many local hospitals, which plays a key role in risk assessment.

“Treat the illness at local hospital”

The medical clients served by the Far East are all over the country, located in Xihaigu, Ningxia, or as far away as Daxing'anling, Northeast China.

"In my life, I don't want to earn money standing up, but I hope my illness can be treated at local hospital!" "It's not easy to see a doctor, a minor illness may be delayed for treatment, then becoming a serious illness. If your illness can not be cured, you have to suffer!" All these words from the bottom of the hearts of the villagers deeply touched the people of the Far East, so they were not tired of such painstaking efforts because of love.

Peng Jiachang, whose hometown is in the central countryside, exclaimed when he talked about running business in the northwest many years ago, that if the countryside were to be graded, there would be a great difference in social standing. “Chairman Mao's poem--great happiness when seeing Minshan Thousand Miles of Snow' has always been an imagination of Minxian County in Gansu Province. But after I really went there, my impression of it has turned into wards with extra beds and dilapidated clinics.”

After providing the financial services for the local hospitals by Far East Horizon, the advanced equipment was introduced and the hospital was rebuilt in Minxian County and the "full joy" shown in the Chairman Mao's poem has came true.

In order to solve the problems of being difficult and expensive to see a doctor, thousands of Far Eastern people rooted in the medical field have drawn up the map of helping China's medical industry in 20 years, measured the distance from the northwest to the southeast coast, from the northeast border to the mountains of Sichuan and Tibet step by step, witnessing the rapid development of China's medical level and the erection of basic facilities.

From providing assistance to Engine

Now, the rapid development of hospital infrastructure come to an end, the drug addition has been canceled, and medical reform has came to a critical stage, all of which promote China's medical and health industry transform into connotative development. The serious dependence on import of high-end medical devices and the contradiction between supply and demand for the aged have become urgent problems to be solved. There is still a long way to go to serve under industrial upgrading, but Far East people have always kept in mind that "Serving China's Medical and Caring National Health ".

Over the years, Far East Horizon has gradually shifted its focus of financial services to the medical industry from expansion to solving accounts payable, improving debt structure and optimizing operation. At the same time, it helps customers to introduce advanced diagnosis and treatment technologies, improve service quality and operational efficiency, and support the transformation and upgrading of more hospitals through its own hospital groups.

"In the past, we just provided assistance, in the future, we will become impetus to provide stronger and more advanced support for the development of medical service institutions and medical and health enterprises." This is not only our respect for the feelings of practising medicine to help people, but also our fulfillment of the mission for helping China's industry.

The dream of the Far East people is: one day, patients from all over the country can be cured properly, the elderly can be taken care properly, Chinese medical drugs can cure any diseases, and Chinese medical equipment will be high-end and sophisticated. In order to realize this goal, Chinese doctors have worked hard, and Far East Horizon is willing to be the facilitator who gives all possible assistance.