Could Crowdfunding Help This Man Walk Again?

crowdfunding+walk+again1
By Queen Muse  Steven Quigley never expected to be the victim of a tragic accident. But on one fateful night in 2011, the then 37-year-old New Jersey native was brutally attacked and knocked unconscious by unknown assailants after an outing with friends in Old City.

Coming to grips with the brutality of his mysterious and still unsolved attack was only half of the battle for Quigley. After learning that the attack had left him with a quad spinal injury and a prognosis of life in a wheelchair with a 10-percent chance of ever walking again, Quigley later became aware of the hefty medical expenses he would soon incur.

he estimated cost of care for the type of spinal injury Quigley sustained ranges anywhere from $500,000 to more than one million dollars, in the first year alone.  As a result of his injuries, Quigley spent six months in a trauma intensive care unit and a rehabilitation hospital. Even when he was released to his home, he required full-time nurses and doctors to help him with nearly all of his basic, daily functions, which up until now, were covered by his health insurance and generous donations from family members.

Having exhausted all of his personal savings and family donations, and reaching the maximum limits with his health insurance, Quigley turned to what he called his last hope: medical crowdfunding.

“Honestly, if I hadn’t found crowdfunding, I would have knelt down and prayed, and hoped that there was another answer. I don’t know what else I could’ve done to raise this much money,” he said.

Last month, Quigley started the ‘Help Steven Walk Again’ fundraising campaign on Go Fund Me, a crowdfunding web site that allows people to raise money for various causes including accidents and illnesses. Quigley’s campaign has attracted 119 donors who, to date, have contributed $11,960 to his recovery costs.

The donations have helped pay for Quigley’s at-home therapists and other treatments necessary to his recovery, that he would have had no other means of paying.

When it comes to being unprepared for emergency medical costs, Quigley is not alone.

In a 2011 study by the National Bureau of Economic Research, 50-percent of Americans said they would struggle to come up with as little as $2,000 in the event of a medical emergency.  So, for people facing much higher emergency medical costs, crowdfunding could be a vital resource for fundraising.

Marion Leary is the president and founder of local medical crowdfunding company Sink or Swim. She says crowdfunding for medical costs is becoming more and more popular among underinsured individuals facing unexpected medical costs.

 

Tags:

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

VentureBeat10 reasons the $1 million crowdfunding cap should be $20 millionVentureBeatIt's been18 months since the final rule of the JOBS Act went into effect, allowing equity crowdfunding. In those 18 months, everything proponents of the rule said would happen (and none of what [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

Crowdfunding sites help Boulder County residents raise money to pay for treatmentsBoulder Daily CameraHer health insurance, once she reached the $2,000 deductible, covered most of the chemotherapy, but she has been receiving extra treatment at the Helios clinic in Boulder and is parti [...]

The IndependentFrench Chateau bought by 10000 people through crowdfunding schemeThe IndependentIn countries where castles aren't snapped up by The National Trust and immediately furnished with a tearoom and gift shop, other ways must be found to preserve historical buildings. The [...]

CurbedReal estate crowdfunding expands into more niche marketsCurbedTo those unfamiliar with real estate crowdfunding, the Fair-Haired Dumbbell development in Portland may be just the kind of wacky, esoteric project one envisions when imagining what happens when strangers pool funds o [...]

WKRN.comFranklin mother, son warn of crowdfunding dangers after scamWKRN.comFRANKLIN, Tenn. (WKRN) – Thousands of dollars raised through crowdfunding lost, as a family seeks possible legal action against one of their own. Now a Franklin mother warns others of the dangers of crowdfundi [...]

CGTN America (blog)Crowdfunding movement makes its way through MexicoCGTN America (blog)Crowdfunding movement makes its way through Mexico. Americas Now. Click to share on Facebook (Opens in new window) · Click to share on Twitter (Opens in new window) · Click to share on Google+ (Ope [...]

MashableLearn how to get your big idea off the ground with crowdfundingMashableJust to let you know, if you buy something featured here, Mashable might earn an affiliate commission. Instead of fielding requests from your friends to donate to their Kickstarter or Indiegogo campaigns, w [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |