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 create racial, economic, and environmental disparities. By providing critical capital, health systems have helped build thousands of affordable homes, enabled small businesses to tap into financial resources, and helped lower-wage workers save millions of dollars in fees and interest.
Health systems are often only one of a few institutions in their communities that can leverage their long-term reserves to strategically fill market gaps in lending and investment. By allocating a small portion of their investment portfolios to projects and aligning them with other discretionary funds, they can combine stable returns with social impact and create more sustainable solutions.
Check out HAN’s new Place-based Investing Commitment landing page now.
See also: HAN’s article in Health Progress on the impacting investing of HAN members Bon Secours Mercy Health, CommonSpirit Health, Trinity Health, Providence, and Ascension.
See also: HAN’s Place-based Investing case studies on HAN members CommonSpirit Health, Kaiser Permanente, Intermountain Healthcare, Rush University System for Health, and UMass Memorial Health
UMass Memorial Health Care Community Investing Program
UMass Memorial Health (UMMH)’s Community Investing Program is explored in a new case study. The case study covers the program’s inception and design, strategies employed, and key stakeholders involved. It also discusses several of the program’s projects, including Worcester Common Ground (WCG), Creative Hub Worcester (CHW), the Finally Home Fund, and the Tiny Home Village.
Continue Reading Kaiser Permanente Thriving Communities Fund
CommonSpirit Health Community Investing Program
CommonSpirit Health’s Community Investing Program is explored in a new case study. The case study covers the program’s inception and design, strategies employed, and key stakeholders involved. It also discusses several of the program’s projects, including Stocktonians Taking Action to Neutralize Drugs (STAND), the Hill Country Community Clinic, and California FarmLink.
Continue Reading Intermountain Healthcare Local Impact Investing