The Healthcare Anchor Network defines place-based investing (PBI) as an impact investing approach that generates positive social and economic impacts in historically disinvested communities and geographies, while achieving a modest financial return, or at least preserving the principal of the investment. Place-based investments address financing gaps in the marketplace by providing affordable and flexible capital […]
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The anchor mission ethos
A new Harvard T.H. Chan School of Public Health case study, Navigating Change: Sustaining the Anchor Mission Amidst Leadership Transition at UMass Memorial Health, details HAN member UMass Memorial Health’s accomplishments over the first five years of anchor mission implementation. The groundbreaking initiative focused on leveraging UMMH’s economic power to improve community health and well-being through local sourcing, local hiring, and investing in […]
Continue ReadingInvesting to preserve affordable housing
Thanks in part to three HAN members, Boston Children’s Hospital, Boston Medical Center, and Mass General Brigham, along with the Boston Foundation and other institutions, the Boston Acquisition Fund (BAF) was launched to provide $25 million for a revolving loan fund. The fund will provide low-interest loans to mission-driven developers to purchase occupied multi-family housing in the city of Boston to protect […]
Continue ReadingReimagining the future with the community
HAN member Advocate Health organized 20 listening sessions to develop a bold new vision to provide $1 billion to reimagine a healthier future for the South Side of Chicago. The health system will allocate $25 million for workforce development and hiring more than 1,000 new teammates within the next three years. There will also be additional training […]
Continue ReadingThe Anchor Mission Framework and the Evolving Political Landscape
The anchor mission is a place-based ethos and intentional values-driven approach to leveraging the assets of health systems and other mission-driven, large employers, to strengthen their local economies and improve economic mobility for low-income individuals and families. This collaborative common-sense strategy, which could include multiple anchors working together to scale impact, fosters resilience and delivers […]
Continue ReadingInsights from Experts in the Field of Community Investing
In 2021, Healthcare Anchor Network president and founder David Zuckerman appeared on an American Hospital Association panel, “Insights from Experts in the Field of Community Investing,” alongside Robin Hacke, executive director and co-founder, Center for Community Investment; and Doug Jutte, executive director, Build Healthy Places Network. These leaders discussed and shared examples of how hospitals […]
Continue ReadingGood health starts with a good job
HAN members SSM Health and BJC HealthCare recently broke ground on St. Louis Healthcare Support Services, a new regional laundry facility in the Soulard neighborhood. The facility will process 35 million pounds of linens for the health systems each year, using a newly refurbished warehouse owned by BJC HealthCare. In addition to providing essential services, the facility will stimulate economic […]
Continue ReadingPlace-based Investing Overview
Overview of place-based investing with case studies, key strategies, and tips for getting started.
Continue ReadingImpact Purchasing Overview
Overview on impact purchasing with case studies, key strategies, and tips for getting started.
Continue ReadingImpact Workforce Overview
Overview on Impact Workforce with case studies, key strategies, and tips for getting started.
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