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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Funding Innovative Healthcare Programs Through Social Impact Bonds: Issues and Challenges
Author(s)
Rosella Carè
Giuseppe Ferraro
Full-Text PDF XML 1243 Views
DOI:10.17265/1537-1514/2019.01.001
Affiliation(s)
University of Cagliari, Cagliari, Italy
University Magna Graecia, Catanzaro, Italy
ABSTRACT
Social Impact Bonds (SIBs)
have quickly attracted the attention of policy makers, practitioners, and academics due to their ability to fund innovative
health and social programs while generating savings for governments and financial
returns for investors. Health Impact Bonds (HIBs) represent the adaptation of these
current examples of Social Impact Bonds in recidivism and child removal into new
health programs and interventions that encourage investments in cost-saving preventive
services in order to reduce the need for more costly remediation and fill the market
gap between the private and public sectors. This work provides an overview of this
emerging funding scheme and proposes reflections and suggestions useful for both
practitioners and policy makers. Thus, the first part of the work presents an overview
of the literature about SIBs and HIBs by highlighting the opportunities and challenges
related to their implementation, the second part provides qualitative and quantitative
data on all the existing HIBs, and the last part provides a discussion and suggestions
useful for their implementation.
KEYWORDS
Social Impact Bonds (SIBs), healthcare programs, Health Impact Bonds (HIBs)
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