Medical Funding is now easier, Thanks to Healthureum

Every other day, it gets more exigent for medical institutions to carry through in the prevailing healthcare climate, especially with regard to fiscal matters. The task of funding and providing adequate health care on a global scale has long been a challenge for stakeholders, providers, and payers. A recent study by Deloitte revealed that by 2020 global healthcare expenditure is estimated to reach $8.7 trillion, compared with $7 trillion in 2015, and increase to 10.5% as a percentage of GDP.

Contributing factors include an aging pollution, chronic diseases such as obesity and diabetes, and a rise in the number of cases of dementia and HIV-AIDs. The study found that life expectancy is expected to increase by one year by 2020, but the natural progression of aging brings with it challenges. 

A staggering $4 trillion is estimated to be spent on cancer, cardiovascular and respiratory diseases with obesity on the rise due to poor eating habits and sedentary lifestyles. India and China will be among the highest sufferers of diabetes globally where 69 million and 110 million cases are projected.

The most overwhelming discovery is the growing rate of dementia, which is anticipated to double every 20 years resulting in 74.7 million cases by 2030. To mitigate this, Healthureum has come up with a blockchain-based platform that will enable these institutions to apply for and acquire loans to fund their projects.

Healthureum’s Project Lending Platform

Thanks to the Healthureum Project Lending, it is now easier for medical institutions to acquire funding. Healthureum uses smart contract technology for secure lending through the self-executing terms of the contract. Using the Healthureum platform, you can obtain funding for a variety of healthcare-related needs including:

•    Emergency procedures

•    Experimental treatment programs

•    Cosmetic surgery

•    Research and development

•    Clinical trials

•    Laboratory set up

•    Medical centers

As we have seen, particularly when patients are in need of immediate funding and have no health insurance purchased, there is a dire need to access medical loans which are fair and secure. Healthureum will facilitate secure lending on the platform to ensure patients do not have to suffer or look for alternative or less ideal treatment plans due to budgetary concerns.

Healthureum will also promote research and development to find new cures and treatments, by issuing loans for research projects, clinical trials, and laboratories, which provide substantial social and medical value, but sometimes struggle to obtain such loans without first milestones being achieved.

As part of this lending initiative, Healthureum will aid hospitals and nursing homes to obtain loans for medical infrastructure and upgrades required to ensure facilities are adequately prepared and capable of satisfying patient demands, to an acceptable standard.

How it works

Healthureum deploys smart contracts on the ethereum based system to provide secure and transparent medical loans. The loan terms are encoded in the smart contract and will be auto-executed on completion of an action. It is free from external influence, ensuring transparency and security which builds confidence for both the borrower and lender. On completion of the loan repayment, the smart contract will verify that all payments have been cleared in full and the contract will come to an end.

Token Purpose

The loan will be issued using Healthureum tokens to ensure fast transfers and easy repayments of the loan on the Healthureum ecosystem. With speedy transfers, instant confirmations and encrypted codes to protect the security and integrity of all parties involved. The smart contract will recognize each repayment made using Healthureum tokens until the loan is repaid in full, and the contract will auto execute the terms until completion of the contract.

Philanthropist Activities

Now using Healthureum, you can choose to fund projects of a social cause in the form of philanthropic activities. Healthureum will promote four key activities;

•    Research programs to enable new medical breakthroughs.

•    Innovation in the treatment of Cancer.

•    Innovation in the treatment of Hepatitis and HIV AIDs.

•    Medical infrastructure in technology-enabled devices.

Healthureum is devoted to improving all standards of healthcare by enabling philanthropists to join the ecosystem and make valuable contributions towards the future of healthcare. Healthureum realizes that healthcare research benefits all of us, and hence is encouraging philanthropists to part take in funding research programs that could help any one of us in the future. The same applies, in the case of finding new and innovative methods of treating Cancer, Hepatitis and HIV AIDs. They are rampant in societies globally, and with no found cure, Healthureum is pushing for philanthropic activity in these fields of high concern. Healthureum is adopting innovation in the form of blockchain and smart contract technology, but it also promotes the development of new technology-enabled medical devices to facilitate better monitoring and better patient outcomes.

Healthcare has long been a focus for philanthropic activities, but there is a stigma or doubt on whether the funds are reaching those purposes for which they were intended. Using blockchain technology, Healthureum can enforce accountability and traceability, to ensure donations are being used ethically.

Token Purpose

All donations for philanthropic activities will be carried out using Healthureum tokens for ease of transfer and to bring transparency in the usage of these funds. A time stamp will occur for each transaction on the blockchain tracking the use of funds donated by philanthropists in the Healthureum ecosystem.

The scope of the Healthureum project is comprehensive and dynamic which makes it that much more exciting. The first of its kind to attempt to address such large-scale issues in one single ecosystem. Healthureum has integrated a knowledgeable team, an extensive roadmap and a single goal to transform ‘How We Manage Our Healthcare’. Blockchain will be the success of tomorrow that we will implement today. more info please visit http://healthureum.io/