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

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

Sep 25, 2023 236 likes •564 views

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

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Healthcare Anchor Network

Health systems collaborating to improve well-being by building an inclusive and sustainable local economy

HealthcareAnchor.Network

David Zuckerman, Director, Healthcare Anchor Network The Democracy Collaborative

CARING FOR OUR COMMUNITIES

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What are anchor institutions?

  • Nonprofit or public

institutions

  • Rooted in place- “sticky

capital”

  • Economic engines-

large purchasers, employers & investors

HealthcareAnchor.Network

LOCAL GOVERNMENT UNIVERSITIES

HOSPITALS & HEALTH SYSTEMS COMMUNITY & PLACE- BASED FOUNDATIONS

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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

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Creating an Aligned Strategy

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

Discretionary assets

Community Benefit Determination of Need External Philanthropy (Internal Philanthropy)

HealthcareAnchor.Network

Economic assets

Hiring and Workforce Procurement/Purchasing Treasury/Investment

Construction Real Estate/Facilities

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HealthcareAnchor.Network

Community Wealth Building Ecosystem

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HealthcareAnchor.Network

COLLABORATION

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HealthcareAnchor.Network

Male life expectancy in Hough & Lyndhurst, OH

PLACE MATTERS:

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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.

HealthcareAnchor.Network

How can anchor collaboratives begin to shift these drivers?

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Strategies for Deploying Economic Assets:

Hospitals Aligned for Healthy Communities toolkit series

HealthcareAnchor.Network

HospitalToolkits.org

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Inclusive, Local Hiring &Workforce Development

Build community hiring pipelines that create opportunities for employment & career advancement

HealthcareAnchor.Network

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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

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HealthcareAnchor.Network

University Hospitals

CASE STUDY

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Inclusive, Local Sourcing

Direct your institution’s everyday spending to support inclusive local businesses and uplift the community

HealthcareAnchor.Network

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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

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HealthcareAnchor.Network

Cleveland Clinic & University Hospitals

CASE STUDY

Areas of focus:

  • Mentor-Protégé

Program

  • Voluntary CBA for

Construction

  • Business Incubation:

Worker owned cooperatives in:

  • Produce
  • Laundry
  • Energy efficiency &

retrofits

  • Aggregate Demand
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Place-based Investing

Creating sustainable returns and strong communities

HealthcareAnchor.Network

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Place-based Investing

Designating a percentage of investible assets within investment portfolio across asset classes.

HealthcareAnchor.Network

No financial return, Positive social and/or environmental return Market rate of return, Positive social and/or environmental return COMMUNITY BENEFIT PLACE-BASED INVESTMENT VEHICLES

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HealthcareAnchor.Network

Bon Secours Health System

CASE STUDY

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Creating an Aligned Strategy

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

Discretionary assets

Community Benefit Determination of Need External Philanthropy (Internal Philanthropy)

HealthcareAnchor.Network

Economic assets

Hiring and Workforce Procurement/Purchasing Treasury/Investment

Construction Real Estate/Facilities

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Rush Anchor Mission Playbook

HealthcareAnchor.Network

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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

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Healthcare Anchor Network Members

HealthcareAnchor.Network

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  • 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

Network Scale

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Higher Ed Anchor Mission Initiative Members

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HealthcareAnchor.Network

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HealthcareAnchor.Network

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Anchor Strategies Metrics

HealthcareAnchor.Network

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)
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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
  • n resourcing

HealthcareAnchor.Network

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Community Wealth Building Collaboratives

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HealthcareAnchor.Network

Community Wealth Building Ecosystem

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Thank you!

For more information: Healthcareanchor.network Hospitaltoolkits.org

HealthcareAnchor.Network

David Zuckerman Director, Healthcare Engagement Democracy Collaborative dave@democracycollaborative.org