The link between pay for success and building the evidence base for social programs is not always intuitive, but it’s a critical relationship. Watch as PFSI’s Justin Milner explains how pay for success elevates evidence to innovate the way governments do business.
This brief asks and answers questions that governments and social service providers often pose as they consider constructing, negotiating, and executing a pay for success project. As a mechanism for using private capital to shift risk and bring evidence-based innovations and proven programs to scale, pay for success is an ongoing enterprise. This document provides a foundational understanding of this dynamic and evolving field.
Notice of Support Availability: Training and Technical Assistance Services for Pay for Success Initiatives
This notice of support availability (NoSA) offers in-kind support in the form of training and technical assistance (TTA) services from the Urban Institute’s Pay for Success initiative (PFSI) to guide, design, and assess potential and existing pay for success (PFS) projects. Urban is offering training and technical assistance only, not direct grantmaking or other monetary investment; the NoSA will not be used to distribute subgrants or other funding.
PFS provides a logical framework that can help remove barriers to better governance. Here we describe several wrong pocket problems and advance PFS theories that may address those issues.
This presentation provides an overview of how to use strategic planning upfront to develop PFS-financed projects that bring the most effective evidence-based programs to fruition. Once strategic planning is complete, jurisdictions should follow a five step process that uses cost-benefit analysis to price the transaction and a randomized control trial to evaluate impact.