Healthcare Providers Transforming Healthcare Ecosystem

by Maxwell Barasa

The biomedicine space is rapidly evolving. Groundbreaking innovations continue to reshape the way we approach patient care. Among the most transformative advancements is the CRISPR/Cas9 gene-editing technology. Developed by Nobel Prize winners Dr. Emmanuelle Charpentier and Dr. Jennifer Doudna, CRISPR/Cas9 allows for precise modifications of DNA. This technology opens new possibilities for treating genetic diseases and advancing medical research.

Actuate Biomedicine is dedicated to harnessing such revolutionary technologies to develop transformative therapies. CRISPR/Cas9 works by using the Cas9 enzyme as molecular scissors, guided by RNA to make targeted cuts in DNA. This enables gene disruption, deletion, correction, or insertion. As a result, potential treatment solutions for a variety of genetic disorders are made.

Actuate Biomedicine’s goal is to apply these advancements that have shown promise in treating cancers and other serious conditions. Not only that, Actuate Biomedicine wants to provide a platform to finance such amazing ideas.

However, bringing these scientific breakthroughs to clinical practice requires significant financial resources. Traditional funding models often fall short in supporting the extensive research and developments needed to translate these innovations into viable treatments. This is where innovative funding mechanisms, such as quadratic funding, come into play.

Quadratic Funding

Quadratic funding is an innovative approach that harnesses the collective power of small contributions from numerous supporters. This method magnifies the impact of individual donations, resulting in a significant pool of resources to fund vital projects. By engaging in quadratic funding, healthcare providers can help close the financial gap, ensuring that cutting-edge research and therapeutic development receive the necessary support.

Quadratic funding empowers both the medical community and general public whose contributions enable the realization of improved patient outcomes. All doctors and healthcare providers are invited to join Actuate Biomedicine in exploring the potential of quadratic funding.

By healthcare industry players working together, groundbreaking technologies like CRISPR/Cas9 will reach their full potential. This means provision of innovative and effective treatments to patients. Working collaboratively ensures that the boundaries of medical science are pushed and transformation of healthcare for the future realized.

Market Failures in Healthcare

Information asymmetry is a great challenge in the healthcare space. In most cases, the patient is always on the losing end. For example, a patient may be under treated or over treated. This has a direct impact on the final bill a patient has to pay in the end. If this is addressed, patients will not be overcharged and funding of care will be manageable.

Monopoly of power is also a big challenge. A few healthcare providers and insurance companies control a large portion of the healthcare sector. This results to higher prices that make it hard for patients to afford healthcare.

Some pharmaceutical companies that manufacture medicine for patients on life-saving drugs set exorbitantly high prices. This makes healthcare financing a hard task to accomplish.

In other cases, patented drugs for rare illnesses may also be too expensive. This is may be due to lack of generics to help regulate prices.

There are many other challenges facing the healthcare industry that continue to slow down biomedical innovations. However, all these can be dealt with in three ways. Regulations and policies are good interventions. But this has to be reviewed often to suit the market needs of healthcare.

The second approach is through partnerships, both public and private. And this explains why Actuate Biomedicine is calling for partnerships with doctors and healthcare providers. Through such collaborations, actuating access to the highest levels of healthcare at low costs becomes possible.

Incentives and subsidies is the third solution to these challenges. By incentivizing health promoting practices like preventive care, patients are encouraged to abide by the best health practices.

Traditional funding models have the first two solutions, i.e. policies, and partnerships in place. But these insurers fall short of the third solution which is incentivization. Their approach is opposite of what should be the solution.

By putting copays, limitations and exclusions, these payers work to address some of the healthcare market failures like moral hazard. But these measures are extreme and doesn’t do any good to a patient that is in urgent need of care.

Quadratic funding brings some good news for patients. The system doesn’t require punitive policies to control things. Besides, patients won’t have to be denied access to services of facilities. Because quadratic funding allows everyone that contributes to the pool to get all the services available and access any facility they wish.

Actuate Biomedicine Initiative

Donors that pool resources to fund patient needs will get tokens in return. Whenever a patient contributes to a liquidity pool, they will get tokens in return. Each token is redeemable automatically through blockchain technology and that will allow patients to access care at the facility of their choice. Providers will also get a token for every ACT token holder they serve and an entry to the awards system.

As Actuate Biomedicine works to facilitate translation and validation of local knowledge it also continues to invite partners in the healthcare industry to help harness intellectual assets for development of innovative solutions. Actuate recognizes the role these providers play in the commercialization process and will continue to empower them.

The empowerment will come in various ways including training programs and access to funds. Actuate also provides platforms for healthcare providers and practitioners to network and meet industry experts. That way, ideas can be born and commercialized.

Conclusion

Healthcare providers and practitioners are essential in enhancing care quality. Their expertise, dedication, and proactive involvement drive innovation, patient-centered approaches, and effective implementation of modern solutions, such as quadratic funding. Their role is pivotal in bridging gaps, improving outcomes, and ensuring a healthier future for all.

Call for Action

First call: Join Actuate’s Learn to earn program

Actuate Biomedicine conducts learn to earn sessions daily. The classes involves speakers educating learners about different aspects of human and animal development. As a doctor, this is a perfect opportunity for you to teach people about your lived experiences and specialty. You can also participate as a learner and earn 1 ACT token for every class you attend.

Second Call: Create a Liquidity Pool

You must have a wallet that supports the BNB chain where ACT is issued. Once your wallet is installed, you are supposed to create a liquidity pool where you will earn from all transactions that take place in the pool. Click the following link: https://pancakeswap.finance/liquidity to add your liquidity pool.

Third Call: Get a copy of “Healthcare on Blockchain”

Healthcare on Blockchain is a groundbreaking book that unveils a revolutionary blockchain platform poised to reshape the landscape of health and prosperity in Africa. The masterpiece by Dr. Macharia Waruingi is a call to action that invites the readers to be part of a movement that catalyzes the translation of scientific knowledge into tangible health solutions. Click the following link to get yourself a copy: https://www.lulu.com/shop/dr-macharia-waruingi/healthcare-on-blockchain/paperback/product-yvzme2n.html?q=healthcare+on+blockchain&page=1&pageSize=4.

Fourth Call: Attend Actuate Biomedicine’s Summits

Actuate Biomedicine is organizing a healthcare summit in Nairobi from 3rd to 6th December. The summit comes a few months before another one scheduled for mid-2025. By attending the summit, doctors will get a chance to network with other industry experts. Not only that, Actuate Biomedicine will give healthcare practitioners an opportunity to share their expertise and front ideas. The ideas will be worked on and implemented through strategic partnerships and alliances as shall be established before, during, and after the summits. Click the following link to register: https://www.actuate.bio/nairobi-summit.

Everyone in the healthcare industry must come together to actualize one health and make global health a success.                                                                                                                                                                                   

#HealthcareTransformation #CRISPR #GeneEditing #BiomedicalInnovation #ActuateBiomedicine #QuadraticFunding #MedicalResearch #GeneticTherapies #HealthcareInnovation #PatientCare #Biomedicine #NobelPrize #HealthcareFunding #MedicalAdvancements #InnovativeHealthcare #HealthcareSummit #BlockchainHealthcare #HealthcareFinance #MedicalTechnology #PatientOutcomes #PreventiveCare #HealthcarePartnerships #GeneticDiseases #HealthcareRevolution #FutureOfHealthcare #HealthcareProviders #HealthcarePolicy #MedicalScience #Biotechnology #HealthcareChallenges