Startup crowdfunds health care for the developing world

04/18/2013 | New York Times (tiered subscription model), The

Peace Corps volunteer Chase Adam founded Watsi to allow donations as low as $5 to fund medical treatments for the world's poor. Watsi has vetted nonprofit health care providers in 13 countries who identify patients in need; those patients' profiles are then posted on the Watsi website for online donations. To maintain transparency, Watsi's website includes information on finances and spending, doctors, delays in care, verification of funding transfers and treatment outcomes.

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