The ever-rising costs of medical equipment all too often serve as barriers prohibiting providers from treating patients, but a new approach called “reverse innovation” could finally change that.
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Many hospitals in developing countries can’t afford the overpriced, high-tech equipment that’s standard in the U.S. One bottom-up solution is to develop new medical technology that’s much more affordable, but just as effective.
Dr. Thomas Burke, the co-founder of Vayu Global Health, has dedicated his professional career to this concept of reverse innovation. For a fraction of the cost, he and his team of engineers are developing medical equipment and supplies that are typically thousands of dollars. And their out-of-the-box inventions offer the same quality and results.
See the full article on reverse innovation here: https://www.freethink.com/videos/reverse-innovation
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