Healthcare Anchor Network Health systems collaborating to improve - PowerPoint PPT Presentation

Healthcare Anchor Network Health systems collaborating to improve well-being by building an inclusive and sustainable local economy David Zuckerman, Director, Healthcare Anchor Network The Democracy Collaborative CARING FOR OUR COMMUNITIES HealthcareAnchor.Network

What are anchor institutions? • Nonprofit or public institutions LOCAL • Rooted in place- “sticky UNIVERSITIES GOVERNMENT capital” • Economic engines- large purchasers, employers & investors HOSPITALS & COMMUNITY & PLACE- HEALTH SYSTEMS BASED FOUNDATIONS HealthcareAnchor.Network

The Anchor Mission A commitment to intentionally apply an institution’ s long-term, place-based economic power and human capital in partnership with community to mutually benefit the long-term well-being of both. HealthcareAnchor.Network

Creating an Aligned Strategy Economic assets Hiring and Workforce Procurement/Purchasing Treasury/Investment Construction Real Estate/Facilities Discretionary assets Community Benefit Determination of Need External Philanthropy (Internal Philanthropy) Functional assets Communications Employee Volunteerism Government relations/Public Policy Community planning & leadership Partnering capacity Healthcare services Research, Data, and Technology Diversity & Inclusion Labor-Management Relations HealthcareAnchor.Network

Community Wealth Building Ecosystem HealthcareAnchor.Network

COLLABORATION HealthcareAnchor.Network

PLACE MATTERS: Male life expectancy in Hough & Lyndhurst, OH HealthcareAnchor.Network

The widening health & wealth gap • Differences in lifespan after age fifty between the richest and the poorest has more than doubled—to thirteen and fourteen years for women and men respectively—since the 1970s. • Despite long years of efforts to end poverty, a greater percentage of Americans live in poverty today than in the early 1970s. • White family wealth was seven times greater than African American family wealth and five times greater than Hispanic family wealth in 2016. How can anchor collaboratives begin to shift these drivers? HealthcareAnchor.Network

Strategies for Deploying Economic Assets: Hospitals Aligned for Healthy Communities toolkit series HospitalToolkits.org HealthcareAnchor.Network

Inclusive, Local Hiring &Workforce Development Build community hiring pipelines that create opportunities for employment & career advancement HealthcareAnchor.Network

Inclusive, Local Hiring • Outside In - equip local residents for quality, high-demand frontline jobs that are connected to job pipelines • Inside Up - connect frontline workers to pathways for career advancement within the institution HealthcareAnchor.Network

CASE STUDY University Hospitals HealthcareAnchor.Network

Inclusive, Local Sourcing Direct your institution’s everyday spending to support inclusive local businesses and uplift the community HealthcareAnchor.Network

Inclusive, Local Sourcing • Creating Connections - connecting existing local and diverse vendors to contracting opportunities within your institution • Building Capacity - building up the ability of the local business community to meet health system supply chain needs HealthcareAnchor.Network

CASE STUDY Cleveland Clinic & University Hospitals Areas of focus: • Mentor-Protégé Program • Voluntary CBA for Construction • Business Incubation: Worker owned cooperatives in: • Produce • Laundry • Energy efficiency & retrofits • Aggregate Demand HealthcareAnchor.Network

Place-based Investing Creating sustainable returns and strong communities HealthcareAnchor.Network

Place-based Investing Designating a percentage of investible assets within investment portfolio across asset classes. PLACE-BASED INVESTMENT VEHICLES COMMUNITY BENEFIT No financial return, Market rate of return, Positive social and/or Positive social and/or environmental return environmental return HealthcareAnchor.Network

CASE STUDY Bon Secours Health System HealthcareAnchor.Network

Creating an Aligned Strategy Economic assets Hiring and Workforce Procurement/Purchasing Treasury/Investment Construction Real Estate/Facilities Discretionary assets Community Benefit Determination of Need External Philanthropy (Internal Philanthropy) Functional assets Communications Employee Volunteerism Government relations/Public Policy Community planning & leadership Partnering capacity Healthcare services Research, Data, and Technology Diversity & Inclusion Labor-Management Relations HealthcareAnchor.Network

Rush Anchor Mission Playbook HealthcareAnchor.Network

Healthcare Anchor Network The purpose of the Healthcare Anchor Network is to help each participant more rapidly and effectively advance an anchor mission approach within our institutions, the communities we serve, and across the healthcare sector. HealthcareAnchor.Network

Healthcare Anchor Network Members HealthcareAnchor.Network

Network Scale • More than 40 health systems represented in the Network with more than 600 hospitals • Together, members employ more than 1 million people , purchase over $50 billion annually, and have over $150 billion in investment assets. HealthcareAnchor.Network

Higher Ed Anchor Mission Initiative Members

HealthcareAnchor.Network

HealthcareAnchor.Network

Anchor Strategies Metrics 1. Number of local hires , broken down by: • Race/Ethnicity • Gender • Frontline positions 2. Amount of procurement & construction spend , broken down by: • Local vendors • Diverse vendors • Sustainable vendors • Employee-owned businesses 3. Dollars deployed into place-based investment • Percent of investment portfolio/long-term reserves allocated (excluding pension asset) HealthcareAnchor.Network

Building a Dashboard • Members-only platform to track commitments to the Anchor Mission and support strategic decision-making • Allows for benchmarking between the aggregate of the Network and individual member systems • Phase I to be launched in November 2019 • Phase II TBD, contingent on resourcing HealthcareAnchor.Network

Community Wealth Building Collaboratives

Community Wealth Building Ecosystem HealthcareAnchor.Network

Thank you! For more information: Healthcareanchor.network Hospitaltoolkits.org David Zuckerman Director, Healthcare Engagement Democracy Collaborative dave@democracycollaborative.org HealthcareAnchor.Network