Over the last year, EMSI has worked with Communities In Schools — the national leader in school dropout prevention and intervention — to quantify its economic and social returns to society.
CIS provides services to students in nearly 3,000 schools across 25 states and the District of Columbia by embedding resources (such as health services, food banks, tutors, and college visits) into schools. For the most recent study, EMSI looked at the total costs and total benefits of CIS’s 113 high school-serving affiliates in its network.
Released in May, the rigorous, third-party cost-benefit analysis made it clear: CIS is a financially sound investment.
Coupled with a comprehensive, five-year evaluation from ICF International that showed CIS was effective in reducing the volume of high school dropouts, CIS had powerful evidence to move forward. But it wants to keep pushing the envelope on an integrated approach to dropout prevention, and EMSI is playing a part in this.
On Oct. 22, CIS is convening a meeting in New York of select economics and financial firms — the RAND Corporation, MDRC, the Pew Foundation, American Institutes for Research, and EMSI. The goal is to investigate what steps should come next and how a set of best-practice principles could emerge for an integrated approach to high school dropout prevention.
On Oct. 22, CIS is convening a meeting in New York of select economics and financial firms. The goal is to investigate what steps should come next and how a set of best-practice principles could emerge for the integrated approach to high school dropout prevention.
Throughout its evaluation process, CIS has applied the leading economic research and theory to analyze and assess its approach. For example, to ensure the accuracy of EMSI’s model, CIS worked with Morgan Stanley to conduct a peer review of EMSI’s research (which passed). In addition, economists from Columbia University, George Mason University, and University of Idaho have reviewed components of EMSI’s model.
EMSI’s cost-benefit analysis showed the average rate of return to society of a CIS affiliate is 18.4%. Further, every dollar invested in CIS creates $11.60 of economic benefit for the community. These are compelling results, and CIS is committed to furthering the research already done in the field.
Stay tuned for more details.
For more information, email Rob Sentz or check out EMSI’s Consulting page. The full EMSI analysis of CIS operations is available here. CIS presented the results on MSNBC’s Morning Joe program, which you can watch here.