Family Economic Success

1
Family Economic Success

• How Hospitals Can Be a
• Catalyst for Change

2
Bon Secours Baltimore

• Sisters of Bon Secours arrived in West Baltimore
  in 1881
• Bon Secours Hospital opened in 1919
• In 1994, formed department to work w/ SW Balt.
  community-based organizations
• Formed the Operation ReachOut Steering Committee
  in 1994

3
Operation ReachOut Southwest

• A community-driven coalition w/ a
  multi-dimensional approach to neighborhood
  revitalization
• Created implementing a comprehensive social,
  economic physical development reinvestment
  strategy
• Completed a comprehensive revitalization plan in
  1998 w/ participation from over 250 residents
  local stakeholders
• The plan includes a vision statement, desired
  outcomes strategies in six issue areas
  economic development, education, health, physical
  planning, public safety, and enriching activities
  for youth and seniors.

4
OROSW Bon Secours Accomplishments

• 1994- Began Multi-Family Housing Construction
• 1997- Bon Secours Community Leaders Decided to
  Develop a Community Improvement Plan
• 1997- Opened Family Support Center Womens
  Resource Center
• 1998- Completed Strategic Plan
• 1999- Began Youth Adult Employment Programs
• 2003- Our Money Place Opened
• 2007- Aggregate Accomplishments
• Over 500 Units of Housing Completed
• Over 500 People Obtained Employment
• Over 30 of YEEP Youth Entered College
• Over 1,000 Credit Union Accounts Opened
• Over 5 million in Earned Income Credit/Tax
  Returns Received

5
What We Have Learned

• We have learned that successful initiatives are
  resident led and community driven - through the
  OROSW coalition we have set up a decision making
  infrastructure that ensures meaningful resident
  participation in planning and implementation.

6
What We Have Learned

• We have also learned that success is more certain
  when you reverse thinking from addressing
  deficits in the community to building upon
  assets. A major part of what we do is to attract
  resources and then leverage that investment to
  attract more resources.

7
What is Economic Self-Sufficiency ?

• Families have a sense of financial stability
• Employment w/ wage that allows for asset
  accumulation financial security
• Transferable skills that leads to continued
  improved employment
• Opportunity for retirement at age 65 w/ more than
  Social Security
• Income exceeds expenses
• Savings of three six months of expenses
• Debt that leads to asset accumulation and/or can
  be paid off in a reasonable period of time
• Home-ownership with a market rate mortgage
• A plan for post-secondary educational
  opportunities for their children

8
Economic Self-Sufficiency Small Group

• Small Group Discussion
• How would you define Family Economic
  Self-Sufficiency ?
• Answer Question From Card

9
Bon Secours/OROSW Programs

• Job placement/financial literacy program for
  adults
• Career program for in-school youth
• GED career program for young families
• Financial management tax preparation program
  for working adults
• Financial service center for underserved
  residents of Southwest Baltimore

10
Roles Hospitals Can Play

• Anchor Institution (People Listen)
• Convene Key Stakeholders
• Provide Political Support/Credibility for
  Community Groups w/ Politicians, Foundations
  Business Community
• Provide Financial Resources
• Access Data

11
Roles Hospitals Can Play Small Group

• Small Groups
• What does your hospital do currently re Economic
  Self-Sufficiency in your community or w/ your
  patients?
• Read Scenario
• What can your hospital do now?
• What would you like your hospital to do?

12
Conclusion

• Hospitals play a vital role in communities
• Compassionate healthcare
• Large employer
• Anchor Institution
• Hospitals can catalyze community change that
  leads to better health outcomes

13
Contact Information

• George Kleb, Executive Director
• Bon Secours of Maryland Foundation
• 410-362-3199, george_kleb_at_bshsi.com
• Joyce Smith, Executive Director
• Operation ReachOut-SouthWest
• 410-362-3239, nideal_at_aol.com
• Kevin Jordan, Director, Working Families
• Bon Secours of Maryland Foundation
• 410-362-3016, kevin_jordan_at_bshsi.com