Impact Bond: Health Point Project Utilizing SIB
Also known as: Okayama Health Operation
Stage of development: Implementation
Policy sector: Health
Intervention: The PS-Setouchi invites citizens aged 35 or older and those who work in Okayama to participate in the Health Point Program. PS-Setouchi issues point cards with QR codes to registered participants. The participants gain Health Point when they consume and purchase health-related services (fitness, healthy diet, culture programs, events, etc.) at local shops and restaurants.
Date contracts between all parties signed: 2019-02
Start of service provision: 2019-04
Actual end of service provision: 2022-03
Total investment commitment currency: JPY
Total investment commitment: 26000000
Total investment commitment (USD): 238510.2
Maximum potential outcome payment: 370388000 JPY
Maximum potential outcome payment (USD): 3397743.3
Finance notes: 370.388 million yen Only 95 million yen is performance-linked payment. The rest is fixed cost (the cost of prizes is included in the fixed cost, and the unused cost can be refunded and applied to the fund).
Targeted number of service users or beneficiaries: 15000
Targeted unit type: Individual