The IRIS initiative of the Global Impact Investing Network and the Center for Health Market Innovations (CHMI) seek to build on this body of knowledge and to harmonize disparate measures into a common set of metrics and definitions suitable for practical application by funder organizations, including investors, donors and
CHMI and IRIS partnered to develop standard definitions for relevant social and financial performance metrics commonly tracked by healthcare organizations serving low-income communities. The goal is to provide a tool for impact investors, funders, and program implementers to help answer this exact question. Please see this overview document for more information on the metrics development process.
Standardizing Performance Measurement For Healthcare Organizations: A Recommended Catalog of Metrics from IRIS and CHMI
Healthcare organizations can select standardized metrics from a new catalog to demonstrate how well they deliver affordably priced, quality services to the poor. The metrics provide investors and investees with standardized definitions for common measures of performance.
This is the second annual edition of Highlights, with new observations about health market innovations around the world.
The growing number of organizations using market‐based approaches to address the health care needs of the poor in sustainable and scalable ways has generated great interest among governments and private investors. The Center for Health Market Innovations (CHMI) has developed a database of innovative programs that seek to provide accessible quality care in low and middle‐income countries. This database can help identify best practices for replication and expansion by governments, other organizations, and a range of potential investors.