50X—Health System Strategies to Address Racial and Economic Equity by Building Community Wealth
Tuesday, March 29th
About the Session
The COVID-19 pandemic, as well as the national reckoning on systemic racism have underscored with devastating clarity the disproportionate burden that BIPOC (black, indigenous, and people of color) and low-income communities bear when it comes to health inequities. These communities—already subjected to a long legacy of disinvestment—not only experience starkly higher mortality and morbidity but also must fight harder to keep their local economies afloat, with significant numbers of Black- and Brown-owned businesses shuttered or struggling and high numbers of essential workers facing at-risk employment. Hospitals and health systems are part of the community economic solution by being a catalyst for change, a convener of community stakeholders, and an investor in economic development. Implementing anchor strategies—local and inclusive hiring, procurement and investment—has been proven to lift economically depressed communities and address economic and systemic racism. Hospitals have a moral imperative to address the health of their community. By implementing anchor strategies, institutions address workforce development, economic inequalities especially in low-income and BIPOC communities, and thus improve the health of their community through community wealth-building. Utilizing case studies and lived experiences we will share tactics, strategies, and programs that attendees can take back to their organizations and evaluate for implementation and impact.
- Comprehend how racial and implicit bias, inequitable attention to social determinants of health, and economic disparity impact organizations and communities.
- Operationalize anchor strategies and measure impact at the community level.