AB: Investing With Impact - How Municipal Bonds Are Leading the Way - Seite 3

Temple Health also collaborated with local nonprofits, launching a two-year program to help 25 homeless Medicaid patients who frequent hospital emergency departments. Patients are provided free housing and caseworkers to connect them with health and social services. Caseworkers assist patients by furnishing apartments, connecting them with healthy meals, and helping them apply for income assistance such as Social Security.

This program isn't large, but its impact is. When we compare the first five months that participants were housed to their experience before the program, there was a 75% reduction in emergency department use, a 79% reduction in inpatient hospital admissions, and a 50% increase in outpatient services use.⁵

Clear, Measurable Impact

Ultimately, the municipal bond market and impact strategies can play huge roles in channeling capital to financially productive uses that also help address environmental and social issues disproportionately affecting marginalized communities. The key is to identify strategies that employ meaningful data and project relevant key performance indicators. These play a vital role in developing better insights on investments and judging how effective they are. Investors play a critical role in supporting municipal issuers that are making a positive impact in their communities. By putting capital to work thoughtfully, they can help build a more equitable and sustainable future for all.

1. https://www.nature.com/articles/s44221-022-00009-w
2. https://www.uclahealth.org/sustainability/our-commitment/social-determ ...
3. https://cph.temple.edu/about/news-events/news/temple-commits-1-million ...
4. https://www.templehealth.org/sites/default/files/2022-06/FY22-CHNA-Tem ...
5. https://www.templehealth.org/about/news/program-aimed-at-providing-hou ...

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.