This study aims to assess the effectiveness of social return on investment (SROI) as a measure of the social impact produced by non-profit organisations and social enterprises that support family-centred care, an approach that focuses on the pivotal role of families in paediatric health care.
The study offers an analytical evaluation of the SROI created by the Italian branch of the Ronald McDonald House Charities and highlights (a) the participatory analysis of stakeholders and outcomes; (b) the measurement of inputs; (c) the definition of outputs and proxies for the measurement of outcomes; (d) the calculation of the SROI ratio; and (e) the results of a sensitivity analysis.
This study discusses the advantages and shortcomings of SROI analyses, the practical implications of this research on governance and management and the role of engagement in managing the expectations of stakeholders. The value of SROI measurements in shaping strategic and management decisions – with special emphasis on stakeholder relations – is also discussed.
Non-profit organisations and social enterprises often require tools that assess the outcomes of their activities. The present research can provide new guidance to SROI analysts, while drawing attention to the most suitable proxies and indicators for evaluating the SROI of organisations operating in the health care sector.
The authors wish to thank the staff at Ronald McDonald House Charities Italy. We are also thankful to the staff at the various paediatric hospitals that took part in this study—most notably the Children’s Hospital of Brescia, Bambino Gesù Children’s Hospital in Rome, and Meyer Children’s Hospital of Florence. Their professionalism and willingness to support our work was above reproach. Last but not least, we are grateful to all the families who shared their stories with us.
Bellucci, M., Nitti, C., Franchi, S., Testi, E. and Bagnoli, L. (2019), "Accounting for social return on investment (SROI): The costs and benefits of family-centred care by the Ronald McDonald House Charities", Social Enterprise Journal, Vol. 15 No. 1, pp. 46-75. https://doi.org/10.1108/SEJ-05-2018-0044Download as .RIS
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