The Significance of Medical Crowdfunding
Indian population is uninsured, and we run government-run healthcare programmes that are woefully inadequate. Agricultural Indians are fighting for health and food. Many Indians miserably fail in many sectors and industries. Healthcare crowdfunding is a viable option for raising funds online for medical expenses. We use various social media networks to gather donors to finance our relevant medical amount. Many Indian citizens can contribute a small amount online to help raise a substantial target amount.
We understand the financial strain that regular Indian families experience while raising funds for expensive medical treatments like blood cancer or a liver transplant. Crowdfunding platforms offer a fascinating value proposition to such patients by making it as simple as possible for friends, family, and even strangers to grant their medical expenditures. Crowdfunding appeals on various platforms can save the lives of your loved ones.
 |
| The Potential of Medical Crowdfunding |
In a recent crowdfunding appeal, a family from Gurgaon raised money for a rare genetic disease, spinal muscular atrophy. SMA, or spinal muscular atrophy, is a debilitating disease that causes muscle weakness and degeneration. It essentially affects the motor nerve cells in the spinal cord, taking away the ability to walk, eat, or breathe. A child can get a rare SMA disorder in 10,000 children, and nearly 800 children suffer from SMA in India.
How does medical crowdfunding help get the most expensive Zolgensma injection?
During the initial phase, the father failed to do any activity that kids his age did. The mother assumed it must be a learning problem, and his progress declined. Every life-sustaining movement, from ingesting milk to breathing, appeared impossible for him to fulfil. The parents urged an expert opinion and visited AIIMS Hospital for the dialogue. Looking at his condition, the doctors performed critical tests to confirm the cause of the disease. After many diagnostic tests, doctors confirmed that he suffered from Spinal Muscular Atrophy (SMA), and the only cure for SMA is Zolgensma, a gene therapy medicine. Zolgensma therapy will change the genetic composition and synthesise survival motor neuron (SMN) protein.
In Spinal Muscular Atrophy, the body does not produce the SMN protein, which causes the disease. Zolgensma is an orphan (rare disease drug) medicine. It is a single-dose injection available in the USA and European countries. We treat it to be the most expensive treatment in the world. Zolgensma injection costs around 2.1 million dollars, or Rs 16 crore, excluding GST and import duties.
Every day several fights for their lives from fatal diseases and unforeseen medical emergencies.
Families have no option but to take out loans at high-interest rates. Banks are ready to help, but they need time for approval. Inadequate insurance coverage frequently causes families to lose their savings. Many patients can have the risk of postponing or discontinuing therapy due to a lack of money. In this scenario, crowdfunding platforms save the lives of several thousand patients. Medical crowdfunding allows you to raise cash for healthcare bills from friends, family, and strangers. Medical crowdfunding is a quick and often effective funding mechanism, offering the opportunity to provide financial assistance to those in need with just a few clicks.
What are the crucial reasons for medical crowdfunding?
- Lack of health insurance coverage,
- Poverty,
- Lacuna in the healthcare system,
- Absence of proper social safety nets,
- Rising medical costs
Medical crowdfunding aims to convert the financial power of the community into safety for people who fail to access public or private healthcare.
How do your simple steps help save lives?
You can start your fundraising activities online. It only takes a few minutes. You can easily submit details about yourself and your loved ones as you raise funds for them. You can share your details for the fundraiser activity. All you have to do now is tell your close friends, social friends, and family about your work. Within a few minutes, support would rush in. Assuredly, you can share your activity directly from the dashboard on social media. Whatever you raise funds, it can reserve without any inconvenience to your bank account. You can complete the entire process in five minutes on Ketto's online crowdfunding platform. That is the power of the Ketto online platform. More decisive, yes! Your activity saves the precious life of your loved one without any worries.
What are critical medical conditions where medical crowdfunding helps?
The following are the critical medical conditions where medical crowdfunding will help, and they need prompt attention.
- Brain surgery
- Kidney transplant
- Accidents and injuries
- Cancer treatments
- Heart transplant and heart-related issues
- Liver transplant
- Premature baby care
- Lethal viral diseases
- Chronic pulmonary disease
- Any other Organ transplants
Every single rupee can save the patient's life. The cost of the therapies is more than five lakhs and above.
How many most trusted and authentic medical crowdfunding online platforms are available?
- Ketto
- Impactguru
- Milap
- Kailash Satyarthi Children's Foundation
- Pravin Agarwal Foundation
- Enrich Lives Foundation
What role did online medical crowdfunding play in the COVID-19 period?
During the epidemic in India, numerous NGOs partnered with internet crowdfunding sites to raise cash. Milaap, one of the oldest crowdfunding platforms, has raised Rs 100 crore from 10,000 projects. With the help of 120,000 contributors, the Ketto group dedicated to COVID-19 assistance generated almost Rs 100 crore for 4,200 projects. GiveIndia, an online portal, raised over Rs 120 crore with contributions from 350,000 individuals. Medical crowdfunding, its very nature, harnesses collective wisdom.