The Heart and Stroke Foundation, the Public Health Agency of Canada (PHAC), and MaRS Centre for Impact Investing (MCII) have partnered to launch a community‐based intervention to prevent cardiovascular disease, using a social impact bond as a financing vehicle. This intervention builds off of an evidence-based program called CHAP, and integrates local community partnerships, best-in-class lifestyle management resources, coaching, and digital technology to support participants in engaging in and maintaining healthy behaviours.
The intervention aims to increase awareness of the risks associated with high blood pressure and to modify participant behaviour (e.g., physical activity, weight loss, smoking cessation) among pre-hypertensive Canadians 60 years of age or older. As the external validator, SRDC will be responsible for confirming the extent to which specified outcomes have been achieved – specifically in terms of volume and blood pressure outcomes – and the extent to which the risk-based funding contracts should be paid out to partners and investors. To our knowledge, this project represents the first time social finance has been used to support a population health intervention in Canada. Heart and Stroke notice
Published: November 2020
Capability: Socio-economic Impact Assessment
Policy Area: Health - Health Services - Population Health, Social Finance