UMass Memorial, other hospitals pledge $700M to address disparities affecting health - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 5, 2019 Newswires
Share
Share
Post
Email

UMass Memorial, other hospitals pledge $700M to address disparities affecting health

Telegram & Gazette (Worcester, MA)

Acknowledging that social, economic, environmental, and behavioral factors account for 80% of health outcomes a community experiences, a group of hospitals, including UMass Memorial Health Care, is pledging more than $700 million to address the root causes of those issues.

UMass is part of the Healthcare Anchor Network, a group of national and regional health care systems, which made the announcement of the funding commitment Tuesday.

Health care systems are uniquely positioned as leading employers and economic engines in their communities, the Healthcare Anchor Network said in a press release. They can go beyond providing health care by leveraging their resources to address disparities that impact outcomes.

Despite low unemployment and an overall strong economy, disparities in American economic, health, and well-being outcomes are deepening, according to the network. The group cited a recent New York University study showing that in some of the biggest American cities, life expectancy varies from neighborhood to neighborhood. Sometimes, people in one neighborhood can expect to live 20 to 30 years longer on average than people in a neighborhood a few miles away.

The goal of the $700 million among 14 hospitals and health systems is to create sustainable returns for the institutions while using investment capital to tackle social issues that impact health. It will support local and diverse business development, and empower low-income residents to create, manage or own enterprises, according to the Healthcare Anchor Network. The network's system investments include financing for affordable housing development, building grocery stores in food deserts, and investing in child care centers, federally-qualified health centers, and minority- and women-owned business enterprises.

UMass Memorial Health Care CEO Dr. Eric Dickson said in a statement included in the network's announcement that establishing an "anchor mission program" will help patients address issues in a non-clinical setting.

"There are so many variables and hidden barriers converging to negatively impact the health and livelihood of people in our communities that we realized our concerns had to extend beyond the walls of our hospitals," Dr. Dickson said.

___

(c)2019 Telegram & Gazette, Worcester, Mass.

Visit Telegram & Gazette, Worcester, Mass. at www.telegram.com

Distributed by Tribune Content Agency, LLC.

Older

La Crosse man pleads guilty to deliberately hitting motorcycle in Bliss Road crash

Newer

More than a third of U.S. farm income in 2019 will come from the government

Advisor News

  • What advisors must know about accessible client documents
  • Your client texted. Now what? The compliance rules advisors better know
  • Helping small-business owners build, grow and exit
  • Help women break through their retirement roadblocks
  • Advisors await SEC decision on Vanguard fair fund distribution
More Advisor News

Annuity News

  • STATE AUDITOR JAMES BROWN KICKS OFF NATIONAL LIFE INSURANCE AWARENESS MONTH BY CONNECTING MONTANANS TO POLICY LOCATOR TOOL
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
  • Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
  • When technology becomes easy to rent, what still separates life and annuity carriers?
More Annuity News

Health/Employee Benefits News

  • Idaho's Medicaid new work requirements will start in January
  • Can insurers finally eliminate the supplemental claims headache?
  • Idaho's Medicaid work requirements start in January. Here's how they will work.
  • ATTORNEY GENERAL KEN PAXTON INVESTIGATES TRIWEST HEALTH INSURANCE COMPANY OVER WRONGFUL DENIAL OF TRICARE CLAIMS
  • Turek calls for public health insurance option amid cancer crisis
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • JAB Insurance Launches JAB Institutional, a Next-Generation Growth and Innovation Platform for Insurance and Financial Services
  • STATE AUDITOR JAMES BROWN KICKS OFF NATIONAL LIFE INSURANCE AWARENESS MONTH BY CONNECTING MONTANANS TO POLICY LOCATOR TOOL
  • Taxpayers are on the hook if Dodgers owner's insurance companies go under
  • Lincoln Financial Research Finds 78% of Families Haven’t Discussed Life Insurance
  • Venus Williams to headline speaker roster for Finseca 2027 experience
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.