NFF Launches Major Health Outcomes Initiative
Partnership with The Kresge Foundation Includes $1.7M to Build Bridges Between Community Human Services Providers and Healthcare Organizations
NEW YORK, Sept. 27, 2016 /PRNewswire-USNewswire/ -- Nonprofit Finance Fund (NFF) has launched a multi-year initiative exploring how new collaborations can drive large-scale improvements in the health of America's communities. The "Healthy Outcomes" initiative is supported by a $1.7 million grant from The Kresge Foundation and prioritizes the needs and preparedness of organizations that serve low-income communities.
With healthcare reform's "Triple Aim" focus on quality, cost, and population health, large healthcare organizations, governments, and other stakeholders are increasingly invested in demonstrating broad and measurable health improvements. Community-based providers of human services – such as housing, food security, transportation, and other so-called "social determinants of health" – can be key allies in these efforts.
"The growing shift from fee-for-service to outcomes-based payment models, accelerated by the Affordable Care Act, presents urgent and compelling opportunities for all stakeholders to re-orient together around building healthier communities," said Antony Bugg-Levine, CEO of NFF. "Bridging the on-the-ground knowledge of community-based providers with the population expertise of healthcare organizations will be critical to realizing the promise of healthcare reform."
In the Healthy Outcomes initiative, NFF will provide advice, financial support, tools, convenings, knowledge-sharing, and other assistance to help human services providers understand and build the capabilities and capacity to work with healthcare organizations in new ways. This initiative builds on NFF's decades of experience financing and advising community-based and other health- and nonprofit organizations, to help drive the country's broader shift toward an outcomes-oriented social sector.
"NFF's leadership will assist human services organizations with proven track records in addressing the social determinants of health to become key partners for healthcare organizations," said David Fukuzawa, managing director of The Kresge Foundation's Health and Human Services Programs. "Seamless coordination between human services and healthcare organizations could greatly increase both well-being and opportunity for people with low-income."
In preparation for launching Healthy Outcomes, NFF and Kresge convened more than 60 health-sector leaders at the Clinton Global Initiative America meeting in Atlanta in June, to discuss the opportunities and barriers to partnership in the age of value-based payments. The initiative will continue to draw upon these leaders' expertise and experience.
Organizations and networks interested in contributing to this dialogue and/or working with NFF can contact [email protected] for further information.
About Nonprofit Finance Fund
Nonprofit Finance Fund (NFF) unlocks the potential of mission-driven organizations through tailored investments, strategic advice, and accessible insights. Founded in 1980, NFF helps organizations connect money to mission effectively through established and innovative approaches to social sector finance. A leading community development financial institution with over $250 million in assets under management, NFF has provided $620 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide. NFF is headquartered in New York City and serves clients from five offices across the country. www.nff.org
About The Kresge Foundation
The Kresge Foundation is a $3.6 billion private, national foundation that works to expand opportunities in America's cities through grantmaking and social investing in arts and culture, education, environment, health, human services, and community development in Detroit. In 2015, the Board of Trustees approved 370 grants totaling $125.2 million, and nine social investment commitments totaling $20.3 million. For more information, visit www.kresge.org.
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SOURCE Nonprofit Finance Fund
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