Over the next few days SOCAP Health will consider the potential of the annual $2.7 trillion U.S. healthcare market for healthier communities. Healthcare is built on a patchwork of systems driven by illness and disease in clinical health care. Health is more than an absences of disease. For health we must consider physical, mental as well as social well-being.
Across our nation there is evidence of a health disadvantage. "Shorter Lives, Poorer Health" a report by the The Institute of Medicine and National Research Council recognizes significant shortfalls in improving life expectancy and health.
SOCAP has joined forces with The Federal Reserve Bank of San Francisco, The New York Academy of Medicine and the Build Healthy Places Network to convene an in-depth conversation about what creates health in our society, and where entrepreneurial and funding/investing opportunities exist. A systems approach to the social determinants of health opens up entrepreneurial opportunities and new investment frameworks that can drastically reduce healthcare costs and improve lives. This conversation will explore frameworks and look holistically at health systems, social systems and solutions that generate wellbeing in communities. See how incentives can be better aligned to drive outcomes through case studies of organizations that are leading the field and creating the outcomes we seek.
You can follow and join the conversation as the Centers for Disease Control hosts a livestream broadcast. Use social media hashtag #SOCAP
SOCAP HEALTH: CREATING THE MARKET THAT VALUES HEALTH
As you watch and listen consider the following:
- In cross sector efforts definitions and terms are important. For example:
- CDC: community development corporation (#commdev); the Centers for Disease Control (CDC)
- Social Impact Bond (SIB): while a bond is a debt financing tool between investors and borrowers, a social impact bond is a contractual commitment and investment aimed to yield social outcomes with public sector savings.
- Social capital means social networks have value.
- Often unheard, the most vulnerable populations and communities should be stakeholders in these efforts.
- New partners and partnership matter more than ever including health care, public health, business, philanthropy and government moving at scale to shape healthier communities.
Katherine Ellington
support innovations and investments that build healthy communities.
SOCAP has joined forces with The Federal Reserve Bank of San Francisco, The New York Academy of Medicine, and the National Partnership for Community Development & Health to convene an in-depth conversation about what creates health and where entrepreneurial and funding/investing opportunities exist to build healthy communities.
Now in its second year, SOCAP Health will bring together leaders in finance, policy, health systems, community development, philanthropy, and impact investing to work together to create a new market that values health beyond traditional health care. We need to explore how to leverage capital from all sectors to support promising investment opportunities in programs that can create the conditions critical to improving health in communities through economic development, food security, built and natural environments, education and transportation, and building community resilience.
It is important that the broader health care, public health, and health policy communities join these conversations and help shape their outcomes—please join us for this exciting event.
- See more at: http://www.nyam.org/events/2014/2014-06-25.html#sthash.G7myHQ1d.dpu
- Learn how current health and social service systems are promoting innovative solutions to improving health in low-income communities
- Meet entrepreuneurs and policymakers working at the intersection of finance and health
- Hear from organizations whose investments are generating economic gains and improvements in health and well-being
SOCAP has joined forces with The Federal Reserve Bank of San Francisco, The New York Academy of Medicine, and the National Partnership for Community Development & Health to convene an in-depth conversation about what creates health and where entrepreneurial and funding/investing opportunities exist to build healthy communities.
Now in its second year, SOCAP Health will bring together leaders in finance, policy, health systems, community development, philanthropy, and impact investing to work together to create a new market that values health beyond traditional health care. We need to explore how to leverage capital from all sectors to support promising investment opportunities in programs that can create the conditions critical to improving health in communities through economic development, food security, built and natural environments, education and transportation, and building community resilience.
It is important that the broader health care, public health, and health policy communities join these conversations and help shape their outcomes—please join us for this exciting event.
- See more at: http://www.nyam.org/events/2014/2014-06-25.html#sthash.G7myHQ1d.dpu
