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Crowdfunding in healthcare

Author

Listed:
  • Gaia Bassani

    (University of Bergamo)

  • Nicoletta Marinelli

    (University of Macerata)

  • Silvio Vismara

    (University of Bergamo)

Abstract

Medical crowdfunding is the practice of using websites to raise money from donors to pay for medicalcare or related expenses. While in terms of overall funding volume, medical crowdfunding should still be considered as a niche phenomenon, it is rapidly growing in many countries and is seen by many people as a way to cope with government cuts on public health financing. Examining the worldwide population of healthcare crowdfunding platforms, this study is the first to offer global and cross-platform evidence on healthcare crowdfunding by providing an assessment of how and where healthcare crowdfunding platforms emerge. We explore the relationship between healthcare crowdfunding and national health systems, finding evidence of a substitution effect when public health coverage is low. Moreover, our findings support the evidence that the number of successfully funded health projects is higher when the platform is not investment-based or dedicated only to healthcare projects.

Suggested Citation

  • Gaia Bassani & Nicoletta Marinelli & Silvio Vismara, 2019. "Crowdfunding in healthcare," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1290-1310, August.
    • Handle: RePEc:kap:jtecht:v:44:y:2019:i:4:d:10.1007_s10961-018-9663-7
    DOI: 10.1007/s10961-018-9663-7
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    Citations

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    Cited by:

    1. Zhengwei Huang & Jing Ouyang & Xiaohong Huang & Yanni Yang & Ling Lin, 2021. "Explaining Donation Behavior in Medical Crowdfunding in Social Media," SAGE Open, , vol. 11(2), pages 21582440211, April.
    2. Cinta Borrero-Domínguez & Encarnación Cordón-Lagares & Rocío Hernández-Garrido, 2020. "Sustainability and Real Estate Crowdfunding: Success Factors," Sustainability, MDPI, vol. 12(12), pages 1-13, June.
    3. Filippo Corsini & Marco Frey, 2023. "Exploring the development of environmentally sustainable products through reward-based crowdfunding," Electronic Commerce Research, Springer, vol. 23(2), pages 1183-1207, June.
    4. Vincenzo Butticè & Silvio Vismara, 2022. "Inclusive digital finance: the industry of equity crowdfunding," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1224-1241, August.
    5. Thanwamas Kassanuk & Khongdet Phasinam, 2023. "A Hybrid Binary Bird Swarm Optimization (BSO) and Dragonfly Algorithm (DA) for VM Allocation and Load Balancing in Cloud," International Journal of Cloud Applications and Computing (IJCAC), IGI Global, vol. 13(1), pages 1-21, January.
    6. Panjwani, Aniket & Xiong, Heyu, 2023. "The causes and consequences of medical crowdfunding," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 648-667.
    7. Moysidou, Krystallia & Cohen Chen, Smadar, 2023. "Inducing collective action intentions for healthcare reform through medical crowdfunding framing," Social Science & Medicine, Elsevier, vol. 333(C).
    8. Nora Kenworthy & Zhihang Dong & Anne Montgomery & Emily Fuller & Lauren Berliner, 2020. "A cross-sectional study of social inequities in medical crowdfunding campaigns in the United States," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-23, March.
    9. Liu, Jiawei & Ding, Jie, 2020. "Requesting for retweeting or donating? A research on how the fundraiser seeks help in the social charitable crowdfunding," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 557(C).
    10. Maksim Belitski & Dmitri Boreiko, 2022. "Success factors of initial coin offerings," The Journal of Technology Transfer, Springer, vol. 47(6), pages 1690-1706, December.
    11. Beier, Michael & Früh, Sebastian, 2018. "Nutzung von Social Media Plattformen durch Schweizer Spitäler - Eigene Accounts, Nutzungsintensitäten und Reichweiten," EconStor Research Reports 184655, ZBW - Leibniz Information Centre for Economics.
    12. Laura Grassi & Simone Fantaccini, 2022. "An overview of Fintech applications to solve the puzzle of health care funding: state-of-the-art in medical crowdfunding," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-27, December.
    13. Beier, Michael & Früh, Sebastian, 2021. "Attitudes, Preferences and Usage Behavior of the Population Regarding Social Media Pages of Hospitals - Results of a Quantitative Survey in the DACH Region (Germany, Austria, Switzerland)," EconStor Research Reports 233853, ZBW - Leibniz Information Centre for Economics.
    14. Juliane Proelss & Denis Schweizer & Tingyu Zhou, 2021. "Economics of philanthropy—evidence from health crowdfunding," Small Business Economics, Springer, vol. 57(2), pages 999-1026, August.

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    More about this item

    Keywords

    Crowdfunding; Healthcare; Entrepreneurial finance; Medicine; Policy;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • I10 - Health, Education, and Welfare - - Health - - - General

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