ezCaretech

What ezCaretech does

ezCaretech (이지케어텍, KOSDAQ: 099750) is a Seoul-based healthcare technology company founded in 2001 as a spin-off from Seoul National University Hospital's IT department. It develops and sells Hospital Information System (HIS) platforms under two deployment models: BESTCare 2.0, an on-premise comprehensive medical information system, and EDGE&NEXT, a cloud-based variant. The platform covers the full hospital operating envelope, including electronic medical records, patient management, clinical documentation, nursing, pharmacy, laboratory, imaging, administration, and revenue cycle management, marketed as an integrated alternative to the fragmented US-style EHR paradigm. The company reports 60 HIS installations in Korea, including 8 of 12 national university hospitals, and is currently repositioning its product line as an "AI Native HIS" through partnerships with Selvas AI, Mediana, and Huino to embed clinical decision support, Early Warning Score analytics, voice-recognition documentation, and AI ECG analysis directly into hospital workflows.

The business operates as a KOSDAQ-listed enterprise software vendor with a recurring revenue model built on annual HIS licensing, maintenance, and cloud subscription fees, supplemented by implementation, customization, and consulting services. Pricing is quote-based and tied to hospital bed capacity and feature scope. Go-to-market combines direct enterprise sales to large hospital systems with consortium-led international expansion; the company leads or participates in the K-healthcare consortium (12+ Korean firms) and holds MOUs with Saudi entities including LEAN Business Services (a Public Investment Fund subsidiary), MNGHA, and KSAU-HS to access Middle Eastern markets. Distribution is supplemented by technology integration partnerships with AI and medical device firms.

FY2024 revenue was approximately 76.1 billion KRW (~$57M USD) with operating profit of 4.5 billion KRW (~$3.4M USD), implying a 6.0% operating margin that doubled from 3.0% the prior year under a profitability-focused management approach led by CEO Hong Woo-sun, the company's first non-medical professional chief executive, appointed November 2024. The customer base skews toward public university hospitals and large medical centers domestically, with international revenue nascent and concentrated in Saudi Arabia. The strategic emphasis has shifted from top-line volume to margin quality, modular mid-sized hospital variants, AI platform partnerships, and Middle East expansion as the next growth vectors.

Name

ezCaretech

Legal name

ezCaretech Co., Ltd.

Website

https://ezcaretech.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

ezCaretech is a Korean healthcare IT vendor (KOSDAQ: 099750) providing on-premise and cloud hospital information systems (BESTCare 2.0, EDGE&NEXT) to 60 hospitals including 8 of 12 Korean national university hospitals, now pivoting to an AI Native HIS platform with active Middle East expansion.

Ownership category

akta.pro rank

Product category

Healthcare Information Technology

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Health Services (8000)

akta.pro primary industry

Care Navigation, Referral & Digital Front Door Platforms (HLALABAH)

akta.pro secondary industries

Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG), Patient Engagement, Education & Messaging Platforms (portal/CRM integrated) (HLALABAJ)

Keywords

• Hospital information systems
• Electronic medical records
• Healthcare IT platform
• Cloud HIS solutions
• AI clinical decision support

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. HIS System Licensing and Maintenance: Hospital Information System (HIS) deployment and maintenance contracts. Annual licensing and support fees for BESTCare 2.0 and EDGE&NEXT platforms. Subscription-based pricing for cloud services and ongoing system support.
2. Platform Services and Add-on Solutions: Platform services including data integration, AI analytics, and workflow automation capabilities. Revenue from RCM and other附加 solutions integrated with core HIS platform.
3. Implementation and Consulting Services: Implementation services, system customization, data migration, and training for hospital HIS deployments. Technical consulting and system integration services.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

ezCaretech develops and sells Hospital Information System (HIS) platforms for hospitals and healthcare organizations. Its core offerings include BESTcare 2.0 (on-premise HIS) and EDGE&NEXT (cloud-based HIS), which cover patient management, clinical documentation, nursing, pharmacy, laboratory, imaging, and administrative operations, with integrated AI-based clinical decision support and revenue cycle management capabilities.

Product overview

ezCaretech offers a dual-mode Hospital Information System (HIS) portfolio consisting of BESTCare 2.0 (on-premise/built-in deployment) and EDGE&NEXT (cloud-based deployment), both providing comprehensive hospital management covering patient records, prescriptions, nursing, administration, and finance. The company is transitioning toward an AI Native HIS platform that embeds AI capabilities directly into clinical workflows. The portfolio also includes supplementary solutions and integrations with AI partners for specialized functionality.

Differentiator

Problem solved

Functional benefit

Brands

• BESTCare 2.0: Hospital Information System (HIS) platform - on-premise deployment version
• EDGE&NEXT

Products and services

• BESTcare 2.0 On-premise Hospital Information System platform covering patient administration, EMR, order communication, nursing, pharmacy, laboratory, radiology, and emergency department workflows, deployed in large Korean tertiary and university hospitals.
• EDGE&NEXT Cloud-based Hospital Information System delivered as a managed service, providing modular HIS capabilities for small-to-mid hospitals, specialty clinics, and international healthcare organizations.
• AI Native HIS AI-native extension of the HIS platform integrating a large language model (Huino) for clinical documentation assistance, decision support, and ambient workflow automation within hospital environments.
• AI-based Smart Ward Solution AI- and IoT-enabled smart ward solution co-developed with Selvas AI and Mediana, combining voice recognition for clinical documentation, patient monitoring, and connected medical-device integration at the bedside.
• Revenue Cycle Management (RCM) Hospital revenue cycle management module covering billing, claims processing, and insurance/National Health Insurance Service integration, typically deployed alongside ezCaretech HIS platforms.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• Huino (휴이노)coreStrategic or Co-development Partner · 12 May 2026Partnership for HIS-based medical AI service co-commercialization. Integration of Huino's AI ECG analysis and status prediction solutions ('Memo Q', 'Memo Picasso') into ezCaretech's BESTCare2.0 and EDGE&NEXT platforms. Clinical decision support service development for ICU and general ward deployment.
• Selvas AIcoreStrategic or Co-development Partner · 23 March 2026Three-way cooperation agreement for joint development of AI-based smart ward solution. Selvas AI provides AI analysis algorithms, early risk prediction models, and voice recognition medical record automation. Integration with ezCaretech's EMR systems and hospital workflow solutions.
• MedianacoreStrategic or Co-development Partner · 23 March 2026Three-way cooperation for AI-based smart ward solution development. Mediana provides multi-parameter patient monitoring device data and medical device integration technology. Combined with AI analytics and EMR integration for comprehensive smart ward solution.
• K-healthcare Consortium (12+ companies)coreStrategic or Co-development Partner · 30 October 2025Consortium of 12+ Korean healthcare technology companies for joint Middle East market entry. Coordinated exhibition and sales activities at Global Health Exhibition Saudi Arabia. Team Korea branding for unified market positioning in international expansion.
• Seoul National University HospitalflagshipStrategic or Co-development Partner · 22 October 2025MOU for cooperation in digital healthcare field. Joint development and research in healthcare IT, AI applications, and digital transformation initiatives. Leveraging SNU Hospital's clinical expertise with ezCaretech's technology platform.
• LEAN Business ServicesflagshipGTM or Marketing Partner · 1 October 2025MOU with LEAN Business Services, digital healthcare subsidiary of Saudi Public Investment Fund (PIF). Strategic partnership for digital healthcare initiatives in Saudi Arabia. Market access partnership for Saudi healthcare IT market expansion.
• King Saud bin Abdulaziz University for Health Sciences (KSAU-HS)minorGTM or Marketing Partner · 1 October 2025MOU with Saudi health sciences university for partnership in healthcare IT education, research, and development. Academic partnership supporting technology adoption and localization in Saudi market.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• GE HealthCare: Global medical technology and healthcare IT company with hospital information management and AI-enabled clinical workflow offerings. Competes with ezCaretech in the broader hospital IT and clinical AI space, particularly through its Edison platform and patient monitoring portfolio.
• MEDITECH: US-based EHR vendor focused on mid-size and community hospitals, serving a comparable customer segment to ezCaretech's mid-size and specialty hospital target market. Operates as a broad incumbent in the EHR space across North America and select international markets.
• Samsung SDS: Samsung Group's IT services arm offering hospital IT solutions including HIS and digital healthcare platforms. Competes with ezCaretech in Korean hospital IT procurement as part of a much broader IT services portfolio serving multiple industries.
• LG CNS: Large Korean IT services and consulting firm with a healthcare solutions division offering HIS implementations to Korean hospitals. Operates broadly across IT services rather than specializing in HIS, but is a meaningful competitor for enterprise healthcare IT deals in Korea.
• Veradigm (Allscripts): US-based EHR and healthcare IT vendor serving hospitals and ambulatory care organizations. Provides hospital-oriented solutions that overlap with ezCaretech's HIS portfolio in international markets and represents one of the broad EHR incumbents competing for global hospital IT contracts.
• Oracle Health (Cerner): Global EHR/HIS vendor (acquired Cerner in 2022) with established Middle East presence and strong footprint across US hospitals. Directly competes with ezCaretech for large-scale hospital deployments in international markets including Saudi Arabia and UAE.
• Philips Healthcare: Global healthcare technology company offering HIS, clinical decision support, and patient monitoring solutions. Overlaps with ezCaretech's AI Native HIS roadmap through Philips' clinical informatics and patient monitoring portfolio, though as part of a much broader medical device and healthcare IT business.
• Epic Systems: Largest US EHR vendor and global market leader in enterprise hospital software. Epic is the dominant incumbent competing against ezCaretech for international large-hospital contracts, particularly in Middle East and US markets where ezCaretech is now expanding.

Emerging players

• InterSystems: Provider of TrakCare, a global HIS/EHR solution with strong presence in Middle East, UK, and select Asian markets. Specializes in healthcare data platforms and is a credible emerging competitor for ezCaretech's target international hospital segments, particularly in the Gulf region.

Direct peers

• UBcare (유비케어): Korean HIS vendor and ezCaretech's primary domestic competitor. Competes directly in the Korean hospital information system market for both general hospitals and university hospitals, making it the closest head-to-head comparable in the same product category and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ezcaretech
• LinkedInlinkedin.com/company/ezcaretech

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ezCaretech