Payment by Results and Social Impact Bonds: Outcome-Based Payment Systems in the UK and US

Payment by Results and Social Impact Bonds: Outcome-Based Payment Systems in the UK and US
ISBN-10
1447340701
ISBN-13
9781447340706
Category
Business & Economics
Pages
144
Language
English
Published
2018-02-28
Publisher
Policy Press
Authors
Fox, Chris O'Leary, Chris

Description

As austerity measures have led to greater struggles over limited governmental funding, there has in recent years been increasing interest in Payment by Results, or Payment for Success, as a model for commissioning social services. A Social Impact Bond, or Pay for Success Bond, is a type of social service contract where the financing is provided by private entities, with the idea that this will unlock new capital investment and advance social good by limiting funding to projects that are needed and likely to succeed. This book looks at that assumption and evaluates the relatively limited current research on the effectiveness of the approach, making the case that more study is needed if investment of this sort is going to continue to grow.

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