TEAMFund Releases Sixth Annual Impact Report
78 Million Unique Patients and 113 Million Patient Services Highlighted
TEAMFund, a unique combination of a public charity and for-profit impact fund, has recently unveiled its sixth Annual Impact Report at The AdvaMed MedTech Conference. This report emphasizes their mission of improving patient access to medical technology in low-resource settings. TEAMFund’s seven portfolio companies – including JanaCare, Forus Health, Tricog Health, MediBuddy, EchoNous, Vezeeta, and Qure.ai – collectively delivered an impressive 31 million patient services and addressed the needs of 23 million unique patients in the past year.
Highlights from the Report
During this annual presentation, Tim Ring, a co-founder of TEAMFund and former CEO of C. R. Bard, shared insights stating, "A decade ago, we believed that AI-enabled digital health platforms would revolutionize patient outreach in low- and middle-income countries. This year’s impactful numbers reflect the tireless efforts of our seven companies and their commitment to harnessing AI in healthcare."
Key highlights from this year's report include:
- Overall, 113 million patient services provided and 78 million unique patients served.
- 70% of these patients were located in regions such as Africa and India.
- A total of 21,000 new providers trained last year, contributing to over 100,000 trained cumulatively.
Praava Health's Recognition
In addition to the impressive statistics, Praava Health, founded by CEO Sylvana Quader Sinha, has been recognized for its outstanding contribution to healthcare delivery. It is notable for being the seventh recipient of TEAMFund's Global Health Innovation Award, marking the seventh consecutive year that a female founder has received this honor. Praava Health strives to offer affordable and high-quality healthcare to Bangladesh's lower and middle class, contributing significantly to the healthcare ecosystem.
About TEAMFund
TEAMFund, which stands for Transforming Equity and Access in MedTech, is a hybrid organization that blends non-profit work with an impact fund. Their united goal is to broaden access to affordable and sustainable medical technologies, addressing essential health needs in underserved areas globally. Co-founded by Timothy Ring, a former chairman and CEO of C.R. Bard, and Kathryn Gleason, a former senior partner at Morgan Lewis, TEAMFund boasts a network of over 20 significant MedTech and healthcare corporations worldwide.
Contact Information
If you have any inquiries regarding TEAMFund, please contact Yousuf Mazhar at 415-990-9687.
Frequently Asked Questions
What is TEAMFund?
TEAMFund is an organization dedicated to improving access to medical technologies in low-resource settings through a blend of non-profit and impact fund initiatives.
What did the sixth Annual Impact Report reveal?
The report revealed that TEAMFund's portfolio companies provided 113 million patient services and served 78 million unique patients, with a significant focus in Africa and India.
Who is the founder of Praava Health?
Sylvana Quader Sinha is the founder and CEO of Praava Health, which is known for offering quality healthcare services in Bangladesh.
What recognition did Praava Health receive?
Praava Health was awarded TEAMFund's Global Health Innovation Award, marking the seventh consecutive year a female founder has been honored with this accolade.
How can I learn more about TEAMFund?
You can learn more about TEAMFund and its initiatives by visiting their official website.
