SHANGHAI, March 30,
2023 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD)
("Zhongchao" or the "Company"), a platform-based internet
technology company offering services to patients with cancer and
other major diseases, today announced the launch of "E-Class,"
medical education intelligent content production platform developed
by Zhongchao Medical Technology (Shanghai) Co., Ltd. ("Zhongchao Shanghai"), of
which Zhongchao consolidates the operations and financial results
through a series of contractual arrangements.
In 2022, the "Guidance on Establishing and Improving the Health
Education Knowledge Dissemination Mechanism for All Media" was
issued by National Health Commission in China, which proposed the need to "promote the
improvement of health education knowledge quality and increase the
supply of high-quality health education knowledge." Although
doctors are the primary force in public health education, their
general participation in China
remains relatively low. According to "2022 China Doctor Insight Report," 40% of doctors
in China have provided public
health education. The low participation rate is primarily
contributed to the difficulty and time-consuming nature of content
creation. As there is a significant demand for health education, a
systematic platform for producing, creating, and disseminating
high-quality patient education content could encourage more doctors
to engage in health education.
The "E-Class" platform aims at enhancing the efficiency in
creating health education courses, promoting doctors' health
education capabilities, and meeting patients' demands for medical
and health knowledge and information. "E-Class" self-service course
recording platform features integrated media production and
distribution capabilities with various efficient video processing
functions, including but not limited to, easy video editing,
subtitle addition and special effects. The platform utilizes
artificial intelligence technology to continuously assist in
generating common health knowledges and template libraries and
construct a rapid production and distribution system of high-value
health education content. Doctors are able to effectively produce
health education content during their fragmented time and enhance
their health education capabilities. Ultimately, such platform
could build up a channel for knowledge sharing from doctors to
patients.
According to the National Health Commission, by the end of 2021,
there were approximately 4.28 million doctors in China. We believe that the launch of Zhongchao
Shanghai's "E-Class" intelligent health education content
production platform could help doctors with limited available time
create more health education content for the public and patients.
Zhongchao expects that this platform could gradually become a new
engine to prompt the production of health education content in
China.
About Zhongchao Inc.
Zhongchao Inc. is an offshore holding company incorporated in
the Cayman Islands. It
consolidates the financial results of a variable interest entity,
Zhongchao Medical Technology (Shanghai) Limited, and its subsidiaries (the
"PRC operating entities") through a series of contractual
arrangements. Zhongchao Inc. is a platform-based internet
technology company offering services to patients with oncology and
other major diseases. The PRC operating entities provide online
healthcare information, professional training and educational
services to healthcare professionals under their "MDMOOC" platform
(www.mdmooc.org), offer patient management services in the
professional field of tumor and rare diseases through Zhongxin,
offer internet healthcare services through Zhixun Internet
Hospital, and pharmaceutical services through Xinjiang Medical and
operate an online information platform, Sunshine Health Forums, to
general public. More information about the Company can be found at
its investor relations website at http://izcmd.com.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the professional training and educational services market in
China and the other international
markets the Company plans to serve; reputation and brand; the
impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in
China and the international
markets the Company plans to serve and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC, the length and severity
of the recent coronavirus outbreak, including its impacts across
our business and operations. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward–looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
At the Company: Pei Xu, CFO
Email: xupei@mdmooc.org
Phone: +86 13901629242
Investor Relations: Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE Zhongchao Inc.