Change a Life by Crowdfunding on Indias Most Trusted Platform-Ketto

One of the startling revelations that happened because of the COVID-19 pandemic is healthcare systems’ sad affairs worldwide. Not only was it inept at catering to such glaring needs, but the costs are so high that a large chunk of the population was not able to afford it. There is limited access to health insurance, and government schemes have not penetrated the country’s deepest party to add salt to the injury.

Crowdfunding for your healthcare needs is a substitute method to raise funds online. The person has to run a campaign, either funded or organic, to reach out to contributors through social media platforms. The best part of raising money via crowdfunding platforms is that the weight does not fall on anyone. Instead, small amounts are donated by a slew of people to accumulate the required money. For instance, 100 individual donors donated Rs 4,000 to raise Rs 4 lakhs for surgery in a day.

How has Healthcare Crowdfunding Been Helping India’s Patients?

As per the estimates, crowdfunding in healthcare accounts for eighty per cent of the total amount raised by crowdfunding in India. Healthcare crowdfunding is the fastest growing crowdfunding segment. Every day hundreds of crores of funds are raised in this manner by various crowdfunding platforms.

Starting with that trip to the diagnostic centre, the patient begins spending on healthcare needs and then completing palliative care after the treatment has been provided. Crowdfunding is a lawful way of pooling treatment funds from sympathetic online givers committed to saving lives.

How Does Crowdfunding Help?

It is significant to note that crowdfunding does not always raise enough to assist the treatment’s entire funds. But it does help the individual or family set up a chain of financing from other sources as their message goes out in the world. In most cases, the hospital where the severely ill person is being cared for selects to participate in the campaign.

Most extraordinarily, in a state where people are frequently attacked with false messages and advertisements, it is hard to believe that medical crowdfunding has gathered such an inspiring response. People are eager to set their suspicions away and help out others in need. Especially when it is a matter of a serious illness, placing someone’s life at risk.

This also forces individuals to speculate what more can be done to be prepared for a medical emergency.

What Leads Individuals to Depend on Crowdfunding Health Bills as a Final Resort?

As per recent research, 63% of the country’s total health expenditure is “Out of Pocket” expense. It means that most people have to depend on their income or savings rather than having a reliable critical illness policy to pay for their health check bills.

Unluckily, this is a quite common scenario when it comes to medical emergencies in India. In general, research has found that only forty-four per cent, that is, less than half of all Indians have any form of health insurance coverage. Individuals tend to be dejected by deterrents such as GST, but they pay no heed to the bigger implications of lacking content in unforeseen medical events.

Thus, while crowdfunded healthcare does an inspiring job in assisting certain people with their medical expenditures, it is more valuable to be ready for such a crisis. Ensure that you find a trusted service and provide critical illness insurance that can offer you and your family the medical support you are worthy of.

A critical illness can be a nightmare physically but can also deplete you financially. Being prepared is the least you can do.

Planning the Process

In the case of ailments that can stretch out for a considerable time, the crowdfunding process can be prepared diligently to establish partnerships between crowdfunding platforms and healthcare service providers. With this recommendation system, healthcare providers can provide patients with the online fundraising option with crowdfunding they have a joint venture with at every phase of medical treatment. Doctors and diagnostic centres can help save several lives by educating patients about the idea of crowdfunding from the very beginning.

This allows the patients and their families to save on whatever life savings they have and, at the same time, get the medical care they require without worrying about its monetary implications. Insurance companies and a medical loan can also be an essential part of this process if they suggest crowdfunding to their customers who either do not meet eligibility criteria or are funded partially.

Future of Healthcare via Crowdfunding

For the foreseeable future, considering the grim state of healthcare systems, crowdfunding will evolve as the best payment innovation for patients in India. To achieve that, however, the onus falls on the myriad of crowdfunding platforms to educate the public about the benefits of healthcare fundraising. They will also have to foster a strong relationship with a range of healthcare providers across the length and breadth of the country.

The crowdfunding industry has been buzzing with a prospective and enormous scope for social change around the world always. From medical emergencies to social projects, it is wonderful to allow a slow and influential social change in India.

With increasing costs, economic unfairness, and shortage of healthcare access, more people turn to crowdfund each year. At present, India’s private healthcare expenditure is approximately Rs. 6,60,000 crores a year. Health insurance plans only cover a mere one-third of the total — the remaining Rs. 4,40,000 crore comes from the savings created by an individual and support from family and friends.

Fundraising with Ketto

If you urgently need funds for your healthcare needs or any of your loved ones, head on to Ketto now and start your fundraiser for free in under 5 minutes. With over 55 lakh donors, we have helped raise more than 1100 crores in crowdfunding.

Conclusion

With a click of a button, individuals can share their challenges and difficulties they faced during emergencies with the expectation to raise monetary support via public contributions. With an enhanced social media presence, people easily share details through Facebook, WhatsApp, Instagram, and Twitter. There is more clarity with the way funds are being utilised, and donors are kept posted about the cause for which they have contributed. People naturally want to do well. These avenues have made it simpler and more convenient for them to do so.

With the help of Ketto, you too can begin crowdfunding on India’s most trusted platform for fundraising for health, social sector, personal and creative causes.