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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. […]