CONNECT WITH US
HealthTech

HealthTech

Researchers show value of Saskatoon's safe consumption site

Medical Xpress logo

Published on

Add as a preferred source on Google
Researchers show value of Saskatoon's safe consumption site

This article has been reviewed according to Science X's editorial process and policies. Editors have highlighted the following attributes while ensuring the content's credibility:

University of Saskatchewan (USask) researchers used well-established methods to calculate the social return on investment (SROI) of Saskatoon's recently closed safe consumption site and have found that the location provided more than a 300% return on investment for the community.

While a standard return on investment (ROI) strictly measures money invested against dollars gained or lost, an SROI looks at economics alongside the social and environmental outcomes, expressing the broader impact in financial terms.

Using the SROI process developed by Social Value International, the research team assigned a dollar value to different aspects of the safe consumption site services, including the people who accessed the site and municipal organizations such as the Saskatoon Fire Department. These dollar values are decided upon by an internationally recognized framework and a process known as monetary value conversion. The total value was then divided by the amount it cost to operate the service to find the return on investment.

"We used a very conservative estimate to make sure we weren't overclaiming and found that for every $1 that was invested into the safe consumption site, you got a return of $4.44," said Dr. Linzi Williamson (Ph.D.), assistant professor of psychology and health studies in USask's College of Arts and Science.

The team recently published the findings of this study in Frontiers in Public Health . The paper outlines the research methodology used and depicts how safe consumption sites can positively impact individuals and have other benefits to the community, such as taking the strain off emergency services.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.