Impact & Innovation
Join the conversation as social entrepreneurs from around the world come to Yale SOM to share the challenges they are grappling with and the insights they are gaining in the field. From rural India and Kenya to the inner cities of the U.S., from the environment to nutrition to maternal child health, this series cuts across sectors to examine the convergence of business and society. Take a peek inside the classroom of Dr. Teresa Chahine as she examines the latest trends and pitfalls in social innovation, funding, and impact.
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Teresa Chahine
Sheila and Ron ’92 Marcelo Senior Lecturer in Social Entrepreneurship
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Teresa Chahine is the inaugural Sheila and Ron ’92 B.A. Marcelo Lecturer in Social Entrepreneurship. She is the author of Introduction to Social Entrepreneurship, a twelve-step framework for building impactful ventures in new and existing organizations. Dr. Chahine’s research focuses on developing tools to characterize and advance social and environmental determinants of health. She launched the first social entrepreneurship program in the context of public health, at Harvard University. She was also responsible for launching the first venture philanthropy organization in her home country of Lebanon, providing tailored financing and critical management support to social enterprises serving marginalized populations through education and job creation for youth and women.
Dr. Chahine has published widely on financing, measuring, and scaling social impact. She has worked on social innovation and sustainable development within corporate, governmental, academic and non-profit organizations. Among these are the United States Environmental Protection Agency, United Nations Populations Fund, Lebanese Ministry of Social Affairs, Malaysian Directors Academy, Sichuan University, Kazakhstan School of Public Health, and Amani Institute in Brazil. She was the recipient of the Harvard Humanitarian Initiative’s inaugural Elizabeth T. Weintz humanitarian research award in 2016 and the Harvard T.H. Chan School of Public Health’s emerging leader in public health award in 2017.
Episodes
Rallying Support – Hafeezah Muhammad and Backpack Healthcare
When Hafeezah's son approached her with a mental health crisis, she struggled to find care for him. Formerly an executive in a large mental health company, she often got calls from Medicaid parents like herself, searching for pediatric mental health care. A mother of three, she quit her job and founded a digital health company focusing on pediatric mental health, especially for children of color. Today Backpack Healthcare offers a first of its kind certification program for pediatric mental health counseling, a network for certified counselors, and a gamification app. On National Children's Mental Health Awareness Day, Backpack announced that they've raised $9M in venture capital to expand their reach. Hafeezah discusses the surprises along the way, and how she plans to reach more people more effectively with humans at the forefront and AI in the background.
Passing the Baton
Social change is never achieved at the first attempt. The question is not whether you fail or succeed but to whom you pass the baton and how. In this episode of Impact and Innovation, SOM alumnae Song Kim shares her journey with KovaDx, a start-up working on a medical device that monitors red blood cell health for sickle cell and other blood diseases.
A Roller Coaster of Innovation
Kaakpema Yelpaala (KP) is the new faculty director of InnovateHealth Yale, and a Senior Fellow and Lecturer at the Yale School of Public Health. In this episode of Impact & Innovation KP shares his journey working on social innovation with public health non-profits in Africa, and the launching of his digital health start-ups operating in several East African countries, followed by his most recent start-up in the U.S. serving immigrant patients and their providers. In our discussion, KP reflects on his roller coaster journey which navigated through the non-profit and for-profit worlds in Africa, comparing these two worlds, and also comparing digital health start-ups in Africa versus the U.S. Right now the roller coaster is taking him on a policy journey, as he strives to help create policies that foster investment and innovation for health equity in the U.S., especially by entrepreneurs of color.
Reimagining the U.S. healthcare system
Peter Hagan is the Digital Health Director at Commonwealth Care Alliance, and former team member at Iora Health. Iora was a start up that created a new model for value-based care, to improve health outcomes and lower costs. Ten years after launching, it was acquired by One Medical, a primary care provider, which was later acquired by Amazon. Peter initially started out as a patient at one of Iora's first pilot sites, and later became a health coach, playing a critical role in Iora's team-based care model. His third role before leaving Iora to pursue his MPH was to work on the backend of Iora's digital health products, which included a patient-friendly electronic health record system that allowed each patient and their care team to seamlessly coordinate care. In this episode, Pete and I discuss the challenge of shifting from the dominant fee-for-service care model in the U.S., to the value-based care model which focuses on improving people's health rather than profiting from their care needs. Rather than waiting and hoping for existing players to make these changes, could it be the new entrants into the field that disrupt and transform it?
Asking Tough Questions
Sheena Strawter-Anthony is the Director of Impact Investing Strategy at William Casper Graustein Memorial Fund here in New Haven. She shares their efforts to manage their endowment in a way that is in line with their mission. Doing so requires them to ask tough questions about where their money is going to generate wealth that they then invest in the community. Is it possible to manage wealth in a way that can also create positive social and environmental benefits? Who is participating and who is benefiting? These are some of the tough questions we discuss in this episode.
Business for Society
I reflect with this semester's teaching fellows, Lily Engbith and Victoria Bush, on how they apply social innovation principles in the for-profit world. Their roles at Connecticut Innovations (a state owned and run VC fund) and Inbox Health (a local medical billing startup) are driven by their values and vision for collective well-being. Business & society don't have to be two separate things. Business can be one of many tools, if applied with the mindset described in this episode, to help achieve societal well-being for all.
Playing in the Pocket
Ony Obiocha, Executive Director of CTNext, reflects on his team's work in building an innovation ecosystem for the state of Connecticut. It's about who you include and invest in, how they play together, and what kind of place you're creating for them to live and thrive in.
Education as Driver of Economic Development
Patricia Melton, President of New Haven Promise, reflects on the various roles she has played in strengthening the education system. She discusses the interconnectedness of the health and education systems, and the importance of clarifying your value proposition as a social change maker.
Building Community Wealth and Power
Erik Clemons returns to share his work as founding CEO of ConnCorp, a sister organization of ConnCAT which has acquired and is revitalizing commercial properties in underinvested neighborhoods in New Haven. Their ultimate goal is to catalyze and support a place-based impact investing ecosystem in the city.
Meanings and Pathways to CEO
Song Kim, co-founder and CEO of KovaDx, empowers patients with sickle cell disease and other rare blood disorders, while changing our perceptions of what it means to be a CEO and the many paths to entrepreneurship.