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Mayo Clinic and Grameen Healthcare Join Forces to Launch Demonstration Project
Date:5/12/2009

lion borrowers in Bangladesh. The bank uses a trust-based approach to lend to the poorest of the poor. Based on lessons learned over 30 years through the Grameen Bank, Grameen Healthcare has built 48 physician-led rural primary care clinics that have achieved 93 percent operational sustainability without the need for any subsidies or loans, through a combination of a micro-health insurance plan, payment at the point of service, pharmaceutical sales and lab tests.

"This collaboration allows our organizations to pursue our shared strategic priorities and vision to improve the health of populations around the world," says Denis Cortese, M.D., president and CEO of Mayo Clinic. "Grameen has been successful in implementing low-cost distribution models in banking, which benefit the very poor. We are hopeful that together, using Mayo Clinic's knowledge of health care and effective models of care, we can leverage the same concepts of these simple and highly effective distribution models to teach prevention, diagnose disease and deliver care in a low-cost way, both in the developing world and in the United States." Future collaborations might involve the sharing of Mayo Clinic health information and knowledge via cell phones or other technologies to rural communities and health care providers in the developing world; global research initiatives exploring the cause, prevention, and treatment of chronic diseases; and training of Grameen health care workers.

About Grameen Healthcare

Grameen Healthcare aims to establish a sustainable health system in Bangladesh that will serve the health needs of Bangladeshis of all income levels with low-cost and high-quality health care. Grameen Healthcare will design low-cost, affordable health services for all of Bangladesh, especially the lowest income women and children, and sustain these services through social business. In addition to existing social business partnerships with Danone and Veolia,
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SOURCE Mayo Clinic
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