Blog
Lessons from the field: pay for success outcome areas
Pay for success (PFS) allows governments to pay on outcomes, rather than inputs, which incentivizes the expansion of evidence-based programs, improvements in service delivery, and reductions in costs, among other benefits. The outcomes governments have selected span multiple policy areas, reflecting the diversity of PFS target populations and goals.
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3 ways to engage local leadership in pay for success initiatives
Engaging local leaders is critical to any pay for success (PFS) project. Because government agencies are typically end payors in PFS, their involvement throughout the process differs from their role in public services projects funded through more traditional mechanisms.
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The possibility for pay for success in bail reform
The pretrial detention system is under national scrutiny as reports and research on its shortcomings are gaining traction. Recently, the courts in New Jersey released a report on their pretrial detention reform, announcing a 20 percent decrease in the pretrial jail population in the past year.
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Impact securities: A new twist on pay for success
Last month, NPX, a San Francisco-based start-up, announced the launch of the first donor fund to implement their innovative financing mechanism, the “impact security.” This fund will support The Last Mile, a nonprofit that provides coding education and vocational training to incarcerated people.
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Expanding the potential of pay for success: financing physical social infrastructure
Though pay for success (PFS) projects traditionally deliver social services, there’s no reason that the financing model should be so limited. Environmental stakeholders have already recognized the potential to use PFS to improve public spaces through environmental impact bonds (EIBs).