HAN member UMass Memorial Health’s (UMMH) forward-thinking utilization of impact investing is spotlighted in an article focusing on how health systems are having to address upstream determinants of health because of the direct impact on hospital financial performance. UMMHC has pledged 1% ($4 million) of its unrestricted cash portfolio towards impact investing, as a signatory of the HAN Place-based Investing […]
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Leaning in on the anchor role to proactively address disparities
HAN member Intermountain Healthcare’s Nick Fritz, impact investing director, co-authored a commentary pointing out that all anchor institutions have a role to play in addressing the economic disparities that cause a wide range of hardships for lower-income families. The health system and Zions Bank are working on statewide initiatives to address inequality and expand opportunity including the creation […]
Continue ReadingInvesting in economic security and health
HAN member Kaiser Permanente’s Bechara Choucair, M.D. senior vice president and chief health officer, highlights that many individuals are suffering economic insecurity from the impacts of the pandemic, inflation, and long-standing income and wealth inequities. Dr. Choucair stresses that financial insecurity is the next great health crisis and that health systems that adopt the anchor mission are taking action […]
Continue ReadingLand & Home Ownership Build Community Wealth
Build Healthy Places highlighted the investments of HAN members Bon Secours Mercy Health and Trinity Health (Saint Alphonsus Regional Medical Center) to support community land trusts (CLTs). The article also cites HAN member UCLA Health’s Geoff Gusoff sharing that land trusts have their roots in the Civil Rights movement, with the first land trust created to help rural Black farmers secure […]
Continue ReadingHealth Anchors Bringing Small, Local & MWBE Businesses to the Table
HAN members Children’s Hospital of Philadelphia (CHOP) and Einstein Healthcare Network support and partner with Philadelphia Anchors for Growth and Equity (PAGE), which aims to increase local anchor purchasing to make the economy more inclusive. From the article: Craig Williams, president and CEO of Pride Enterprises general contractor, said his firm was hired as a construction manager by CHOP, with goals […]
Continue ReadingSupporting Entrepreneurs and Youth Culinary Training
HAN member Ascension Wisconsin is donating $500,000 to PRISM Economic Development Corporation (EDC) to continue the health system’s support of the UpStart Kitchen entrepreneurs to access an affordable, fully equipped commercial kitchen and business resources to grow or start their own food business. The funds will also support the development of a youth culinary training program and COVID-19 […]
Continue ReadingHealthcare Anchor Network Staff Form Union and Ratify First Contract with Management
FOR IMMEDIATE RELEASE CONTACT: Kaitlin Bell, NPEU, kbell@npeu.org, 806-752-0529; Bich Ha Pham, Senior Director of Communications & Policy, Healthcare Anchor Network, (202) 979-1077 press@anchornetwork.org WASHINGTON, Jan. 27, 2022 – The staff union at the Healthcare Anchor Network (HAN) has ratified their first union contract with HAN management. HAN staff joined the Nonprofit Professional Employees Union […]
Continue ReadingHealthcare Anchor Network announces it has become an independent nonprofit organization
Healthcare Anchor Network (HAN) is thrilled to announce that it has become an independent 501(c)3 organization. Our network includes 65+ members with over 1000 hospitals that employ more than 2 million people, purchase over $75B annually, and have over $150B in invested assets.
Continue ReadingInvesting in Housing with Rent Subsidies
Medical Home Network Accountable Care Organization (MHN ACO), which HAN member Rush University System for Health is a member of, is investing in a 3-year “housing first” pilot program to care for patients without stable housing who are at high risk for poor health outcomes. The program underwrites rent subsidies to help these individuals obtain apartments and […]
Continue ReadingHAN Leaders on Redirecting Resources for Inclusive, Local Economic Development
The American Hospital Association (AHA) organized a series of videos with health system leaders discussing their community investment programs and why these are important strategies for improving individual and community well-being and advancing health equity. HAN’s Executive Director David Zuckerman discussed health anchor social impact investing. Many HAN member system leaders provided insights including: How Executive Leaders […]
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