Why and how we use a development impact framework to measure the impact of our innovative finance tools.
Our development impact framework ensures we target our capital at partnerships that will deliver positive impact. The framework is based on four principles:
We assess whether MedAccess’ innovative finance tools will lead to increased health benefits sooner than would have otherwise been the case, by looking at three indicators.
We estimate the impact of each opportunity against all three indicators by comparing the expected outcomes against a counterfactual situation, where we are not involved. This ensures we only capture the additional impact generated by a MedAccess guarantee.
Before making a decision, we use the framework to identify and prioritise high impact opportunities, to ensure we deploy our capital in the most valuable way. All opportunities must meet a minimum development impact threshold to be considered.
Once we enter into an agreement with our partners, we use the framework to estimate the impact we have. We use these findings to support the implementation of existing agreements and to guide our future strategy by considering how we can identify more impactful opportunities.