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Social Impact Bond by Smarter Futures

Sib

November 27, 2017

The Health Movement project aims to reduce the risk of developing Type-2-diabetes through the use of a social impact bond (SIB). The bond to be launched in 2019, is led by RISE Research Institutes of Sweden and with support from EVPA member Smarter Futures EESV and several other partners across UK, Spain, Sweden and Hungary. In order to engage effectively with stakeholders and the general social investment community, the project team are organizing a series of workshops and study visits across Europe, the first of which will be held in Helsinki this December.

Globally, an estimated 422 million adults were living with diabetes in 2014, compared to 108 million in 1980. The global prevalence of diabetes has nearly doubled since 1980, rising from 4.7% to 8.5% in the adult population. Diabetes caused 1.5 million deaths in 2012 and an additional 2.2 million deaths, by increasing the risks of cardiovascular and other diseases.

In spite of strong evidence showing that diabetes type 2 is largely preventable by eating well and regular exercise, few interventions exist that provide a personalized approach for individuals in developing a healthy lifestyle. This is essentially because, historically, health systems are built to be reactive rather than proactive. To receive care, citizens first need to be ill. A SIB has the opportunity to change this mindset by paying for outcomes directly tied to lowering the risk of developing diabetes in a target population of high risk individuals.

However, culture change does not happen overnight and during 2018 the project team will work with stakeholders from the payer, funder and operator side on a range of topics including reimbursement, impact measurement and policy advise. Study visits are planned to communities who are at the forefront of public sector innovation projects in which the public sector is responsible for the quality of the service, while private funders are responsible for up-front capital investment.

The first of such visits will be in Helsinki on the 12th of December where the development and implementation of a SIB on prevention of social exclusion of children and youth will be presented and discussed. Join them! More information regarding the visit can be found here.

 

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