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Medical crowdfunding enabling Health for all this World Health Day

The theme for this years World Health Day on April 07, 2018 is Universal Health Coverage – Health for All. This is imperative especially in India considering the growing lifestyle associated ailments in our society.

According to the National Cancer Registry programme of the National Centre for Disease Informatics and Research (ICMR), one out of eight men today has the possibility of developing cancer in his lifetime (0-74 years). Similarly, one out of nine women has the possibility to develop cancer in her lifetime (0-74 years).Medical-crowdfunding

In an interview Dr. Navin Khattry, who heads the bone transplant department at Tata Memorial Cancer Hospital listed the lack of funds as one of the major factors hindering patients from a Bone Marrow Transplant to cure Cancer.

In fact, India’s private healthcare spend currently stands at $90 billion a year. Of this, merely a third is covered by insurance, and the balance $60 billion is met largely with borrowings from friends and family.

This is where crowdfunding platforms like Milaap come in. They provide a new, quick and convenient way to transparently ask for and render financial assistance to meet such pressing, unforeseen expenses. A webpage that shows all details of the person in need, the ailment (backed by verified documents and papers from the hospital), the funds needed and the amount presently funded, including any progress in the condition of the payment make online crowdfunding an extremely relevant and handy tool in this era of social media and digital payments.

Digital fundraising is taking the source of help beyond friends, family members and communities, to any person in this world who has access to a smart phone. Infact, Milaap, India’s largest and most popular crowdfunding platform for personal causes, has raised over INR 120 crores in the past 4 years for medical emergencies, clearly indicating the growing role of crowdfunding in this segment.

Milaap has observed an interesting new trend over the past year, of more and more doctors recommending crowdfunding to patients, and helping them set up fundraisers.

“This is more prominent in cases where a patient would have to discontinue treatment and give up on saving their loved one due to lack of funds. Crowdfunding is also very popular for accident and trauma cases, diseases like Cancer where long term care is needed,and for organ transplants, where a larger amount of money is needed,” says Anoj Viswanathan, President and co-founder, Milaap.

We would be happy to connect you with the co-founders of Milaap who can share more information and with Dr. Santanu Sen, Consultant in Paediatrics, Paediatric Oncology & Stem Cell Transplantation, Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute. Profile here.  They can throw more light on medical conditions that are on the rise, their major causes, signs and symptoms, and on how more patients can now afford quality healthcare in such cases.

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