Healthcare Bills are the #1 Driver of Crowdfunding Campaigns Says GoFundMe CEO -- CoverUS is a new way People can pay for Their Medical Expenses
The rising costs of healthcare have led many to turn to friends and family to crowdsource the funds for these medical bills. As GoFundMe CEO Rob Solomon told Kaiser Health News, he’d “love nothing more than for ‘medical’ to not be a category on GoFundMe” but that in reality, “access to health care is connected to [people’s] ability to pay for it.” In fact, more than ⅓ of all GoFundMe campaigns (approx. $1.65B) have been people using the platform to pay for medical expenses — it’s the top campaign category on the platform.
While many headlines highlight stories of those facing thousands of dollars in out-of-pocket health costs, did you know that 37 percent of Americans can’t afford to pay an unexpected medical bill of just $100? What may be worse is that 64 percent of patients delay health treatment until they have the money to pay for it, resulting in poor health outcomes and skyrocketing national health costs.
And yet, data brokerage companies continue to make billions of dollars on Americans’ health data without their knowledge and without patients ever seeing a dime from these transactions.
I’m wondering if you’d be interested in speaking with Christopher Sealey and Andrew Hoppin of CoverUS, a startup working to help patients take control of their health data, keep it secure, and earn money from directly engaging with the medical industry.
Andrew and Christopher can speak to the ways technology can help patients afford the care they need, and provide better, more complete data for the health industry -- all the while protecting patient privacy in ways compliant with HIPAA, GDPR and other new regulations that will profoundly shape healthcare going forward.
If you’d be interested in speaking with Andrew or Christopher, please don’t hesitate to reach out via email or give me a call at 317-362-1975.
- Daniel Berry, CoverUS