Access to adequate healthcare remains a challenge for people around the globe living in poverty. Continuously increasing healthcare costs exacerbate this issue and the final result is that more people in need are suffering as a consequence. The term “catastrophic health spending” refers to a person who spends more than 10% of their income on “out-of-pocket,” healthcare expenses. According to a report from the World Health Organization, 926.6 million people dealt with catastrophic health spending of at least 10% of their income in 2015. Furthermore, 208.7 million people endured health costs that were more than 25% of their income. These figures may indicate a need for innovating global healthcare, going forward.
Medtronic Improving Global Health Conditions
As part of the United Nations Sustainable Development Goals, the third goal focuses on improving health conditions. Specifically, section 3.8 aims to reduce cost barriers to life-saving treatments and medicine. Medtronic understands the value of this mission and is one company leading the way for innovations in global healthcare. As part of the company’s commitment to “alleviate pain, restore health, and extend life,” Medtronic continues to combine technology and patient-centered care to improve access to health services and resources for vulnerable populations, worldwide.
Medtronic invests heavily in finding solutions for noncommunicable diseases (NCD), i.e. diseases that cannot spread from one individual to another. Often these are chronic conditions, such as cardiovascular disease, diabetes and even hearing loss. In 2012, 68% of global deaths were caused by an NCD and while organizations are fighting to lower that number — approximately half of the global population are unable to access critical care.
3 Ways to Combat NCDs
An important part of Medtronic’s innovations in global healthcare stems from the idea of evolving medical practices. In the company’s efforts to combat NCDs, it concentrates on three areas: (1) capacity building, (2) community engagement and (3) sustaining programs. The capacity building portion of Medtronic’s commitment ensures that healthcare workers are well-equipped to understand their roles and responsibilities in the healthcare system. Moreover, it advocates for up-to-date training and professional feedback for workers. Medtronic’s community engagement aspect connects various organizations to broaden resources for populations in need of services. In this way, Medtronic scales back some of the barriers to care that many people face. Lastly, by gearing toward sustainable programming, Medtronic dedicates time to working with governments and policymakers to cultivate lasting change within the healthcare system itself.
Breaking Down Barriers with Programs & Patents
Medtronic has served more than 75 million people in more than 150 countries, since its start. It also has licenses to 47,800 patents — embracing the potential of new technologies to break down certain barriers. Patents for Humanity is a program of the United States Patent and Trademark Office and celebrates companies that use inventions to address humanitarian issues. In 2018, the program recognized Medtronic for its progress in innovating global healthcare. The patent in question was for a “portable, low-water kidney dialysis machine” that can be used for those who normally would not have access to traditional dialysis treatments.
Medtronic has also launched programs that integrate its technologies, combined with compassionate business models. Empower Health is one such program — utilizing a mobile tablet, an automated blood pressure machine, a glucometer and a new software application. The program allows healthcare workers to remotely monitor diabetic patients located in Ghana and Kenya. Through the software, clinicians can keep current on their patients’ status and can even send messages and write prescriptions.
While many challenges still face vulnerable populations all over the world, Medtronic is fostering new and exciting developments in the realm of global health.
– Melanie McCrackin