Measuring the impact
Creating impact is always the Achmea Foundation’s starting point
We focus on the target group and consciously select innovations that will have a big impact on them. This allows us to consider the long-term prospects as well. By means of targeted investments in our partners’ social projects, we can achieve economical and social returns. Measuring impact plays an important role in this respect. The Achmea Foundation uses impact measurements to predict and then monitor social returns.
The Achmea Foundation monitors all the projects to which they have given a donation or loan
The Achmea Foundation aims to be an ‘engaged donor’. “We want to be an engaged corporate foundation,” says Agnes van Daal, programme manager at Achmea Foundation. “We can draw on a large network of knowledge and expertise within Achmea. In this way, we can add value to our project partners through positive critical feedback. We monitor projects by having regular contact with the project organisations. Project evaluations are also carried out. This is important to us because we want projects to be and remain sustainable. Because we want to continue to learn and develop, we conducted an evaluation of the PharmAccess Medicine Supply Chain project together with Gupta Strategists. The following paragraph provides an example of a summary of the final evaluation we conducted for the PharmAccess Medicine Supply Chain project.
Achmea Foundation Impact Fund
Positive final evaluation of Medicine Supply Chain project (MED4All) implemented by PharmAccess in Ghana
In Ghana, many people do not have access to good quality and affordable medicines
Health facilities have inadequate supplies, patients cannot afford the cost of medication and 30% of medication in Ghana is of substandard quality or even fake. The PharmAccess Med4ALL project has changed all that.
Med4All’s goal is to provide all Ghanaian people with access to quality medication when they need it
PharmAccess has established a platform, Med4All, to provide Ghanaian citizens with high quality and more affordable medicines. Med4All is a digital supply chain platform that they use to improve inventory management, set up collective purchasing and carry out quality checks. By means of a self-financing business model, Med4All can therefore improve access to essential medicines and the affordability and quality of essential medicines in Ghana.
The digital platform has been developed and tested and is working according to plan.
60 care facilities have now been contracted and connected to the platform. Med4All has negotiated a 30% price reduction for medicines purchased through the platform. These prices are lower than the reimbursement paid by the national insurer (NHIS), and as a result out-of-pocket payments by patients are no longer necessary. A quality standard per medicine has been introduced on the platform. Using a scanning device, medicines can be checked for the presence of active ingredients. This prevents fake medicines from reaching patients. The Achmea Foundation made a donation to fund the development of the purchasing platform for medication. The development was completed successfully. The entire project will continue until 2023.
Volunteer policy
Since the Achmea Foundation does not work directly with volunteers, it has not defined a special policy for this purpose. Volunteers can of course be part of a foundation-funded project. In addition, through the Voor Elkaar platform, Achmea employees are also encouraged to make a social contribution.
