If by development work you mean system level change, yes. The WHO reports that up to 40% of healthcare funding (~$2.75T) is lost to inefficiency and corruption. This is in part due to the fact that it was historically challenging to get money to healthcare providers in low income countries and even harder to collect data about how the money was used. Long term, we plan for our technology to enable not only individual donors, but foundations and governments to fund healthcare more efficiently. We're trying to bring healthcare funding online. And if we succeed, it could impact patients everywhere regardless of their condition or the type of care they need.
Comments
If by development work you mean system level change, yes. The WHO reports that up to 40% of healthcare funding (~$2.75T) is lost to inefficiency and corruption. This is in part due to the fact that it was historically challenging to get money to healthcare providers in low income countries and even harder to collect data about how the money was used. Long term, we plan for our technology to enable not only individual donors, but foundations and governments to fund healthcare more efficiently. We're trying to bring healthcare funding online. And if we succeed, it could impact patients everywhere regardless of their condition or the type of care they need.
Thanks for posting here Chase!
What do you see as the biggest challenges Watsi faces?
Distribution. We're building a good organization, but not enough people know about it.