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 […]
Continue Reading‘Good neighbors’? U.S. hospitals invest in land, housing to treat crisis
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 […]
Continue ReadingPlace-based Investment Commitment
In signing the Healthcare Anchor Network’s (HAN) Place-based Investment Commitment, health systems commit 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. The goal of these investments is to improve community health and well-being, particularly for those impacted by […]
Continue ReadingHospitals to Help Tackle Economic Drivers of Health Disparities
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 […]
Continue ReadingWhy hospitals want to invest in affordable housing
“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
Continue ReadingLocal Coverage of the Place-based Investment Commitment
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, […]
Continue Reading14 Hospital Systems to Collaborate in Addressing Social Determinants of Health
“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
Continue Reading14 health systems to invest $700 million in community health initiative
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
Continue Reading14 healthcare systems invest $700M in community, reducing health disparities
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
Continue ReadingWhy a group of hospitals is investing in affordable housing
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. […]
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