Crowdfunding, although at a very nascent stage in India, is already making it easy for the patients who are struggling between unforeseen medical emergencies and unaffordable healthcare costs. The 4-year-old medical crowdfunding platform ImpactGuru.com reaches out to such patients in need, having touched over 25000 lives so far.
Does the figure on the hospital bills weigh you down? Is the medical bill amount piling over and above your capacity and your estimation? Bringing down the hospital bills is not possible due to rising healthcare costs. However, what’s possible is funding these bills, the smarter way, the easier way, the crowdfunding way! According to sources, 2.4 million Indians die of treatable conditions annually. Are these patients even able to access and afford healthcare in time? Crowdfunding could be the best way out and can help in funding their medical emergencies like accident & trauma, cancer, organ transplants, ICU, Cardiovascular Diseases (CVDs) and other critical illnesses.
In an attempt to make healthcare affordable and accessible to all, to bring down the mortality rate in medical emergencies, in the interest of popularising crowdfunding as a viable healthcare financing option in India, Piyush Jain and Khushboo Jain, the entrepreneur-couple co-founded ImpactGuru.com, the online medical fundraising platform in 2014. Today, the company stands tall, having impacted over 25000 patient-lives, with a donor-base of over 4,00,000 from 150+ countries. ImpactGuru partners with hospitals and clinics across the country to be able to reach out to the genuine causes and patients in need on time.
Patients & families who have benefited from crowdfunding on ImpactGuru.com
“I am still amazed that Rs. 11 lakh was arranged in just 3 days on ImpactGuru.com for my brother, who was admitted at Continental Hospital, Hyderabad. When insurance and medical loans didn’t seem to help, ImpactGuru and its donors helped me raise funds for my brother Praveen’s surgery expenses and a prosthetic hand after a traumatic road accident. ImpactGuru gave a second chance to my brother, to live life again,” shares patient’s brother Varaprasad Pudi.
15-year-old Deekshit, son of patient Sukanya, admitted to Apollo Hospitals, Bengaluru says, “Rs. 16 lakh in just an hour! ImpactGuru.com and its 1083 donors made even the impossible, possible for me and my mom. My mom knew about her rectal prolapse but chose to keep it a secret. Had I done the same thing, I couldn’t have gotten back my mom; walking, talking and playing with me like before. I chose to tell ImpactGuru and through them, everyone all over the world about the financial problem of funding my mom’s medical expenses. And I don’t regret my decision.”
Surajit Roy Bardhan, father of patient Spandan Roy Bardhan who was admitted to CMC Vellore & Rela Institute of Medical Sciences for a liver transplant shares, “Initially, I did feel, why will any stranger donate for my son? I was wrong. ImpactGuru introduced me to a world of generous donors; 324 of them helped me with Rs. 30 lakh for his treatment. The whole team of ImpactGuru dealt with my case as though Spandan was theirs.”
No payback liability in crowdfunding
A little bit from everyone can be a lot for someone. The concept of crowdfunding is based on this maxim. Instead of burdening four members of the patient-family with Rs. 12 lakh bill, with each one having to contribute Rs. 3 lakh, crowdfunding makes it pretty simple by asking let's say 400 generous strangers worldwide for their support, by way of smaller contributions from each like Rs. 3000 on an average, to cite an example.
What do the ImpactGuru donors have to say?
“The best part about donating on ImpactGuru.com is, I know that my donations are going for the vetted causes and genuine patients in need. The very assurance that causes are chosen after enough checks, makes me hit the donate button, without having to think twice,” says Aadesh J., a proud ImpactGuru donor. “I have made it mandatory for my family members as well, to share the link once I have donated. And it gives me immense satisfaction to witness the magnitude of positive change that small, small contributions from all over the world can bring about in our community,” shares Ripple K., another donor on the platform.
The medical fraternity on crowdfunding
“Crowdfunding has become necessary for funding critical surgeries. As a doctor, I want to save as many lives and avoid casualties merely because of lack of funds. Hence, I recommend people to come forward and take help from platforms like ImpactGuru in funding their hospital bills. The internet has brought all of us closer today. So why not make use of it in saving lives by sharing, donating and supporting each other? Most doctors aren’t even aware that crowdfunding is a low-cost healthcare financing option available to their patients, especially for patients from the lower-economic background. Middle-class families too are financially drained by the time they sustain long-term conditions like cancer, cardiac care, premature childcare, organ transplants, etc. Once the doctors are aware, they can help their patients,” states Dr. Neville Solomon, Pediatric Cardiac Surgeon at the Apollo Children’s Hospitals, Chennai.
Founders of ImpactGuru.com on ‘Crowdfunding in India’
Piyush Jain, Co-founder, and CEO of ImpactGuru
Crowdfunding is a win-win scenario for all. For a patient suffering from some severe illness or struck with a medical emergency, funding a bill of Rs. 16 lakh in merely an hour seems impossible. With the help of our generous donors, we could pull it off for Sukanya, a single mother who was suffering from rectal prolapse. For donors, it’s the ‘Feel Good’ factor that makes them share, donate and support our causes. For us as a company, it’s the impact that our fundraisers create in the society, it’s the lives that we touch and it’s the patients and their families that get a new life from the funds raised on our platform.
Khushboo Jain, Co-founder, and COO of ImpactGuru
The thought that crowdfunding is a poor family’s financing option for medical expenses is a myth. Considering a family’s cost of living, bearing in mind their income levels, expenses and savings, it is not at all feasible for even the middle-class families, or individuals from a well-to-do background or in Indian parlance, people from ‘settled’ households to handle unplanned, unforeseen medical emergencies, especially when the bills shoot up to anything between Rs. 5 lakh and Rs. 60 lakh. Gopi Shenoy, one of our campaigners, while raising funds for her husband Amit’s cancer treatment shared that Amit couldn’t avail NGO support because he didn’t fall under the NGO’s criteria, therefore was put on a waiting list. That’s when she chose ImpactGuru.com and raised Rs. 45 lakh in just 7 days.
How to crowdfund your hospital bills?
Indian households resort to mortgaging their jewelry, pledging their property, to pay off their hospital bills. However medical crowdfunding is a low-cost, easy and viable healthcare financing option available without having to do any of the above. All that needs to be done is:
● Reach out to ImpactGuru.com
● Start a fundraising page on the platform
● Upload photos, videos, and medical documents
● Share this fundraiser with family, friends and generous strangers worldwide via WhatsApp and Facebook
● Raise money and get funds transferred directly to the hospital
Want to know more about crowdfunding with ImpactGuru? Click here