The healthcare system today faces a wide range of issues that revolve around insufficient funding. Aging infrastructure needs to be replaced urgently, and shortages in staffing addressed all while pursuing the latest advances in technology and treatments. Higher operating costs, particularly those associated with the care of uninsured people, continue unabated. Further complicating matters include concerns about protecting patient privacy and other bottlenecks to providing proper quality healthcare. Medical philanthropy is a vital means through which health institutions can enhance their financial resources.
In addition to helping with the daily operational expenses, medical philanthropy can also be considered as a significant investment in research. All the money collected through philanthropic means goes directly to be used as working capital for either buying new equipment, scholarships for doctors and nurses, thus helping further enhance medical research. Simply put, philanthropic activities in the healthcare are highly essential, and Healthureum is dedicated to guaranteeing more traceability and accountability throughout the process.
With the brand-new Healthureum network, medical philanthropBlockchain-Powered Donations to Improve Public Trusty is going to be much more seamless, transparent and will achieve its intended goal. All records of donations and other related events of the nonprofit organizations are recorded and secured. Most importantly, all these transactions are visible to all stakeholders, which means that donors can do their verification to investigate if the charities are achieving their goals.
The Current Obstacles in Medical Philanthropy
Trust is a crucial foundation of all prosperous relationships, and that is more apparent in the nonprofit philanthropy sector. If donors do not trust an organization, it is clear that they are not going to contribute any funds towards helping that nonprofit achieve its goals. Furthermore, a large percentage of donors believe that it is much more essential for the organization seeking funds to be cable of affecting the issue.
Thanks to online fundraising, more users are exposed to distinctive niche causes and are more inclined to support them. However, the popularity of crowdfunding to help improve healthcare issues has only intensified the desire for traceability. With a large number of campaigns being uncovered as fraudulent, there is apparently a great need for accountability and transparency regarding where the millions of dollars contributed by donors are going.
How It Works
Any donors wishing to donate will have to transform their funds into a digital currency called a Healthureum token. The next thing is to choose any specific cause to support, from cancer, HIV/AIDS, hepatitis and other research programs. While Healthureum is currently pushing for increased philanthropy activities in these essential fields that affect many people, you can still choose different needy causes to support.
As a way of enhancing accountability, all donations made through Healthureum will be handled by blockchain-powered smart contracts. In simple words, a smart contract is a computer protocol that allows transactions to be executed based on pre-defined terms that are encrypted within the electronic contract. Once all the conditions are met, the contract self-executes itself and cannot be altered in any way.
The main benefit of introducing smart contracts in the medical philanthropy process is that it eliminates human error, interference, and corruption. With this new technology, philanthropists will be able to track and monitor donations to their destinations and applications. Through eliminating the well-known issues of misuse of funds, Healthureum will eliminate the stigma linked to giving contributions.
The Impact of Improved Accountability in Medical Philanthropy
Through leveraging the solid, transparent, and accountable blockchain network, Healthureum can create confidence in all donors regardless of their respective charity portfolios. It is based on the notion that donors will be able to see clearly how their funds are being utilized on the ground. The platform guarantees that there is always a direct connection amongst all stakeholders from the affected parties and health institutions to the donors. All these features add up to making philanthropic activities worthwhile for any prospective donor.
As illustrated above, the healthcare sector could benefit from increased funding, primarily from medical philanthropy, to help enable new breakthroughs. Healthureum is dedicated to ensuring financing reaches where it is needed the most to help in eradicating some diseases that keep hampering the quality of life in many populations all over the world. To achieve these milestones, researchers will need all the support they can get, and Healthureum will ensure that they receive it.
When done in a visible, accountable and transparent way, medical philanthropy has the potential of transforming healthcare. With Healthureum advocating for these innovative technologies, it will only mean better patient outcomes as well as better utilization of funds.
