|Founded||May 23, 2011|
|Founder||Chase Adam |
|Type||501(c)(3) nonprofit organization|
|Focus||Humanitarianism, Health care|
|Services||Funding medical treatment|
|Grace Garey, Jon Skaggs, Mary Everette Cann, Dr. Mitul Kapadia, Dinkar Jain, Paul Graham|
Watsi is a nonprofit healthcare crowdsourcing platform that enables individual donors to directly fund medical care for individuals in developing countries without access to affordable medical care.
Crowdsourcing is a sourcing model in which individuals or organizations obtain goods and services, including ideas and finances, from a large, relatively open and often rapidly-evolving group of internet users; it divides work between participants to achieve a cumulative result. The word crowdsourcing itself is a portmanteau of crowd and outsourcing, and was coined in 2006. As a mode of sourcing, crowdsourcing existed prior to the digital age.
A developing country is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. A nation's GDP per capita compared with other nations can also be a reference point. In general, the United Nations accepts any country's claim of itself being "developing".
Watsi was the first nonprofit funded by seed accelerator Y Combinator.They have also been funded by the Draper Richards Kaplan Foundation.
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Medical partners included Nyaya Health, Dr. Rick Hodes, Wuqu' Kawoq, Children's Surgical Centre, CURE International, African Mission Healthcare Foundation, Hope for West Africa, Project Muso, Lwala Community Alliance, Living Hope Haiti, Floating Doctors, Burma Border Projects, Partner for Surgery, International Care Ministries, The Kellermann Foundation, and World Altering Medicine.
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CURE International is a Christian nonprofit organization based in Spring Lake, Michigan. CURE's efforts are focused on providing medical care to children suffering primarily from orthopedic and neurological conditions. The organization's stated mission is "healing the sick and proclaiming the kingdom of God." The organization operates hospitals in Afghanistan, Ethiopia, Kenya, Malawi, Niger, the Philippines, Uganda, the United Arab Emirates and Zambia. The organization also runs specialty programs for clubfoot and hydrocephalus in an additional 19 countries including Bangladesh and Honduras.
In 2016, Wasti partnered with Patientco, a healthcare payment technology company, to fund medical procedures throughout the world.
The medical partner identifies a patient that needs low-cost, high-impact medical care and submits the profile to Watsi. If the profile meets the criteria, Watsi accepts it and guarantees the medical partner that they will cover the cost of providing care to that patient. Watsi posts the profile online, donors browse the profile and fund it, and the medical partner provides care to the patient once the patient reaches his or her funding goal.
After the treatment is provided, the medical partner sends Watsi an update about the outcome of the treatment. After receiving the update, Watsi sends it to the donors who supported that patient and transfer the funds via PayPal to the medical partner's bank account to cover the cost of the treatment.
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In 2014, Watsi's old logo, which had a blue cross with a white triangle, was the subject of a trademark suit from the Blue Cross Blue Shield Association,leading the company to change their logo to white triangles on a blue circle.
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