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Social Impact Incentives: A New Solution for Blended Finance
In just six years, social enterprise Clínicas del Azúcar has grown into the largest private provider of specialized diabetes care in Mexico, but faces an almost constant challenge to balance its financial and social performance. That's where social impact incentives (SIINC) come into play. A new solution for blended finance, SIINCs align profitability with social impact by paying social enterprises directly for proven social outcomes.
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- Energy, Health Care, Investing, Social Enterprise, Technology
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Addressing Eye Care in Emerging Markets with Blended Finance
WHO estimates that 39 million people suffer from blindness, more than half of them due to cataracts, and more than 90 percent of blind people live in the developing world. Cataracts are often curable but the traditional surgery is expensive. Convergence is supporting GlobalVision's plan to build on the affordable eye model that Aravind pioneered in India and establish a network of 60 eye care hospitals in emerging markets over the next 10 years, borrowing techniques from the microfinance sector.
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- Health Care, Investing, Social Enterprise, Technology
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The Dirty Secret of Social Enterprise: Scale is Overrated
Author Jonathan C. Lewis writes that for some staggering societal problems – like deaths from child poverty and modern-day slavery – scaling solutions is an urgent necessity. However, for social entrepreneurs, he says the important thing is not organizational size, geographic coverage or budget, but progress toward social justice. He urges leaders to focus less on size and more on striving to maintain balance.
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- Health Care, Impact Assessment, Social Enterprise
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The Great Equalizer: How Artificial Intelligence Can Make Heart Health Care More Accessible
Cardiotrack began as a three-lead ECG machine but has evolved into a complete cardiac care platform designed to make heart health care delivery more accessible, especially in underserved areas. The firm is now using artificial intelligence analytics, Internet of Things sensors and cloud-based storage to diagnose cardiovascular disease, and even (potentially) to predict and forestall heart attacks.
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- Health Care, Social Enterprise, Technology
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Beyond ‘Pilotitis’: Three Critical Success Factors for National Digital Health Strategies
The ecosystem of digital health solutions and programs remains disjointed and many countries are moving toward the complex task of implementing national strategies to coordinate this fragmentation. A new report highlights eight countries that are effectively developing and implementing national digital health strategies, and finds three common success factors.
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- Health Care, Technology
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Two-Sided Mobile Platform Creates ‘Network Effect’ to Help Patients, Health Clinics
The private health sector, where a large percentage of people in developing countries seek care, is fragmented and marked by poor quality and high prices. Two interlinked programs conceived by a group in the Netherlands – M-TIBA and the Medical Credit Fund – are attempting to address this problem at large scale. Both have achieved remarkable growth within a short period.
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- Health Care, Technology
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Surviving a Pandemic: How ‘Economic Training’ Helps Families Live Beyond HIV/AIDS
Millions of households are struggling to support children affected by HIV/AIDS. A new approach seeks to ease their burden by integrating economic strengthening activities into programs that already serve orphans and vulnerable children and their extended families. It involves training practitioners with new skill sets, so they in turn can help others develop financial independence and resilience.
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- Health Care
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It’s Global Health: Nobody Said It Was Going to Be Easy
Recent elections around the world have shown a tilt toward protectionism and nationalism, and that's not necessarily good news for global health. But, as we've seen during Health Care Month at NextBillion, those in the sector aren't taking their eye off the ball. Vanessa Kerry of Seed Global Health summarized: "Public health is an endeavor far greater than any nation’s individual interests or borders."
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- Health Care