Impact Bond: Enhanced Dementia Care Service
Stage of development: Implementation
Policy sector: Health
Social challenge: Care services for the elderly, dementia, hospital admissions.
Intervention: That individual patients will experience coordinated, seamless and integrated services using evidence-based care pathways, case management and personalised care planning. Effective care planning and preventative care will anticipate and avoid deterioration of conditions and support reduction in hospital admissions.
Date outcomes contract signed: 2019-09
Date contracts between all parties signed: 2019-09
Start of service provision: 2019-09
Anticipated end of service provision: 2024-03
Anticipated completion date: 2024-03
Total investment commitment currency: GBP
Total investment commitment: 345000
Total investment commitment (USD): 440299.4845094118
Maximum potential outcome payment: 810000 GBP
Maximum potential outcome payment (USD): 1033746.615804706
Configuration of the contracting parties: Direct contract between outcome payer and investor
Target population: People affected by dementia who happen to have a history of disproportionate number of admissions. Two or more unwarranted admissions in the preceding 12 months. The majority of the cohort are presently engaged with support services.
Targeted number of service users or beneficiaries: 300
Targeted unit type: Individual
Changes to project due to COVID-19: Switch to grant payments based on medium scenarios