Place-based Investment Commitment

Healthcare anchors have a unique role to play as investors in their communities to improve community health and well-being, particularly for those impacted by a legacy of divestment and discrimination. Many HAN member health systems have committed to redirecting a portion of their investable assets toward impact investments that are place-based and address community conditions that […]

HAN member UC San Francisco partners with Landed, which works with schools and health systems to help employees buy homes through a shared equity down payment program.  From the article: “We are thrilled to begin serving UCSF employees and supporting a research university and medical center at the forefront of confronting the public health challenges we face as […]

In addition to providing quality healthcare, these hospitals and health systems are investing in safe and affordable housing, equitable economic development, small and diverse business development, and other strategies for addressing the social determinants of health. They are also rethinking how to align, leverage, and deploy their human resources and power to create a local economic eco-system […]

As the links between physical health and community wealth and vitality become clearer all the time, fourteen regional and national health systems are coming together to commit at least $700 million to investments in affordable housing and economic development in the cities where they’re located. “I think hospitals and health systems are really well poised […]

This month, Bon Secours was one of 14 healthcare systems across the United States that committed to over $700 million in “place-based” investments, with a primary goal being the development of affordable housing. They are all part of a group called the Healthcare Anchor Network (HAN), a project of the Washington-based research group Democracy Collaborative.“It […]

Fourteen hospitals and health systems, including national health systems and regional systems, that are the largest private sector employers in California, Utah, and Wisconsin, along with others that are also among the top 20 largest employers in their states, announced a commitment of over $700 million for place-based investing to create strong and healthy communities.

The national campaign marks the first time that a number of large health systems—such as RWJBarnabas Health in New Jersey, UMass Memorial Health Care in Massachusetts, Advocate Aurora Health in Wisconsin, and Intermountain Healthcare in Utah—have collectively pledged to make such impact investments. Kaiser Permanente plans to make one of the largest, at $200 million, to help […]

“We’re trying to think about this as a strategy,” says David Zuckerman, director of the Healthcare Anchor Network. “It isn’t a one-time check to the community. This should be one of the ways health systems go back to improving health and well-being for the entire community.” Read the full article at Curbed

Many of the initial signatories of the Place-based Investment Commitment received local news coverage of these systems’ commitment to redirecting a portion of their investable assets toward impact investments that are place-based and address community conditions that create racial, economic and environmental disparities. “Advocate Aurora Health to invest $50 million in underserved communities in Illinois, […]

“It’s the first time that systems have acknowledged that this strategy of impact investment should be part of their overall strategy for improving health and well-being in their communities,” Zuckerman said.  Read the full article at Nonprofit Quarterly

Fourteen hospitals and health systems today pledged to commit more than $700 million to address social determinants of health needs in their communities as part of the Healthcare Anchor Network, which works to address social, economic, environmental and behavior-related factors that impact community health outcomes. Read the full article at the American Hospital Association

The health systems are addressing social determinants of health since social, economic, environmental and behavior-related factors account for up to 80 percent of health outcomes. Funds will go towards safe and affordable housing, equitable economic development and small/diverse business development. Read the full article at Becker’s Hospital Review

The 14 health systems, part of the healthcare anchor network (HAN), are often the largest employers in their communities, and are well-positioned to see where the needs are, according to HAN director Dave Zuckerman. In addition to affordable housing, the hospitals will invest in small business development and other areas to improve the local economy. […]

Washington, D.C., November 5, 2019 – Fourteen hospitals and health systems, including national health systems and regional systems, that are the largest private sector employers in California, Utah, and Wisconsin, along with others that are also among the top 20 largest employers in their states, announced a commitment of over $700 million for place-based investing to create strong and healthy communities.

“This is a big shift in the industry,” said David Zuckerman, Healthcare Anchor Network director. The network convenes health systems to share best practices on improving community health and is coordinating the new initiative.  Read the full article on Politico