CSR Minute

Medicare: A Healthcare Business Model that Controls Costs - The Minute

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Healthcare costs in 2015 grew at the fastest rate in eight years, according to a new report by the Department of Health and Human Resources. Costs increased by 5.8% for a total healthcare spending of $3.2 trillion. The drivers? The expansion of coverage under the Affordable Care Act has resulted in more use of more insurance, and many of the newly insured have turned out to be sicker, requiring more care.

Tech Companies Step Up Diversity Efforts - The Minute

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Technology companies have long been admired for their leadership in innovations. But they have lagged in the social responsibility department, especially in diversity employment.

In 2013, Tracy Chou, then a software engineer at Pinterest, challenged tech firms to release the numbers of their women and minority employees. The following year, many of the biggest companies, including Apple, Facebook, and Google, publicly released the percentage of their female, black, Hispanic, and other underrepresented minorities employees for the first time.

Healthcare Tech Innovations Create New Profession - The Minute

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Here’s a new acronym to add to the already alphabet souped up field of CSR and sustainability: EMR, electronic medical records. The American Recovery and Reinvestments Act of 2009 gave health care providers five years to demonstrate “meaningful” use of EMR in order to maintain their Medicaid and Medicare reimbursement levels. The resulting explosive growth in tech innovation for the healthcare industry has resulted in an entirely new profession: medical scribe.

Socially Responsible Investments Reach $8.7 Trillion - The Minute

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Investments described as socially responsible or sustainable have grown by more than $2 trillion in the US over the last two years, up 33 percent from 2014, according to a new report. The surge is due to rising demand from US institutions for assets that answer to ESG—environmental, social, and governance—criteria.

From Ethical Investing to SRI, ESG, and Sustainable Investment to Engagement - The Minute

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The field of what was once known as ‘ethical investing’ may be poised for its next terminology shift, reports the Financial Times. Ethical investing began as a moral values filter to exclude “sin” stocks such as tobacco and alcohol. Over time, the activity evolved into SRI—socially responsible investing—to indicate a more positive, pro-active approach that searched out profits within better practices. 

US Offshore Wind Energy Poised to Pop - The Minute

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By the end of this year, the five turbines of the Block Island wind project will begin converting wind into power. The project is the first offshore wind farm to be operating in US waters, and more are going to follow.

Leading Hedge Fund Manager Moves into SRI - The Minute

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Paul Tudor Jones, founder of Tudor Investment, an $11 billion asset management and investment firm, is moving into the socially responsible investment field. The vehicle is JUST Capital, a nonprofit organization that is developing a measure called America’s Most Just Index.

That’s a rating that ranks Russell 1000 Index companies on how they treat their employees, consumers, communities, shareholders, and the environment, reports Bloomberg. According to Jones, the top-rated group of companies in the Index has significantly outperformed the stock market over time.

Workers in Green Buildings are Happier and Healthier - The Minute

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Here’s some good news. Workers in buildings that are certified green by the US Green Building Council are happier and healthier than those who work in buildings that are not green certified. This finding, reported in Green Building Elements, comes from researchers at Harvard’s School of Public Health and New York’s Upstate Medical University.

Online Community Engagement: A Solution to Higher Sales - The Minute

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In an increasingly competitive environment, companies are looking for better ways to connect with their customers. It’s clear that the old methods are not working very well. A recent study finds that 50 percent of companies struggle to reach the right buyers and to understand their customers because they don’t have the right data or don’t know how to use it properly. But the report, a “thought leadership paper” by Forrester Consulting, commissioned by SAP, offers a solution.

Tight Labor Market Changes Health System Hiring Practices - The Minute

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A tightening labor market and the rising demand for services is changing the way that health systems and hospitals hire employees. Organizations are marketing their mission and culture as well offering competitive wages, reports Modern Healthcare. Company websites now include sections to show what it is like to work there. Some healthcare systems are conducting individual and team interviews in the hiring process. Others are including behavioral questions based on personality in their initial screening.

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