Social Policy Bonds blog: Prioritising health rather than hospital design

27 August 2021

Prioritising health rather than hospital design

Sadly, but not unexpectedly, my 9500-word essay submitted to a competition concerned with hospital design failed to progress into the final stages of the competition. The question posed was: How would you design and plan new hospitals to radically improve patient experiences, clinical outcomes, staff wellbeing, and integration with wider health and social care? I gave an example, early on in the essay, showing how what is good for the hospital can conflict with what is good for the patient, and went on to explain how the Social Policy Bond concept could maximise what, in my view, we should be trying to achieve: improvements in health, rather than hospital design.The essay can be seen on my website here, and a pdf downloaded from here. A shorter treatment, also describing the application of the Social Policy Bond concept to health is here.

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Social Policy Bonds in the media

13 June 2018: my short article Make Social Impact Bonds Tradeable, appears on the website of Alliance, a magazine for philanthropy and social investment.

25 May 2018: a short article on Social Policy Bonds and their possible application in India, appears on Market Express (India). It is by Dr Ashok V Desai and titled Incentivizing welfare.

9 October 2015: An article by Greg Bearup on the genesis of the Social Policy Bond idea, and application of a version of it in Australia appears in the Weekend Australian Magazine. (The article can also be downloaded as a pdf from here.)

October 2013: Professor Robert Shiller of Yale University, is named as one of the three winners of the 2013 Nobel Prize in Economics. His Nobel Prize lecture (pdf) delivered on 8 December, mentions Social Policy Bonds. Professor Shiller has for many years encouraged my work on Social Policy Bonds, beginning in late 1996 when he sent me this letter.

3 May 2012: An audio talk by Nobel Prize winner Professor Robert Shiller at the London School of Economics, in which Social Policy Bonds are briefly mentioned, is available here.

18 April 2012: Robert Shiller, Professor of Economics at Yale University, mentions Social Policy Bonds in his new book Finance and the Good Society. He also mentions the concept in a Huffington Post article. It's the eighth of his Ten Ways Finance Can Be a Force for Good in Society, and is also mentioned in a short profile piece about Professor Shiller.