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Category Archives: Social Impact Bonds / Pay for Success
Pay for Success Legislation Becomes Law
Legislation that will create a new $100 million program to fund pay-for-success projects was included in a budget bill that Congress passed in the early hours of February 9. The legislation will provide competitive awards to states and local governments … Continue reading
Posted in Social Impact Bonds / Pay for Success
Pay for Success, Child Welfare Evidence Provisions Unexpectedly Struck from End-of-Session Bill
Two sets of provisions widely supported by child welfare and evidence advocates have been struck from a pending bill affecting the National Institutes of Health, called “21st Century Cures.” According to Congressional Quarterly: Two bills related to foster care and … Continue reading
Pay for Success Legislation Nears Enactment
Update (11/30/16): The pay-for-success provisions have been unexpectedly dropped from the bill. SIRC’s original story follows below. Federal legislation that would authorize $100 million for pay-for-success projects (dubbed “Social Impact Partnerships”) has been attached to a larger end-of-year bill that … Continue reading
Posted in Social Impact Bonds / Pay for Success
No More “Deals”
One of the strengths of pay for success is that it brings together several distinct worlds in pursuit of a common goal, including nonprofits, government, and the private sector. As one might expect, however, the cultures of these different actors … Continue reading
Posted in Social Impact Bonds / Pay for Success
Social Innovation Fund Cut, Other Evidence Programs Funded in Senate Spending Bill
The Social Innovation Fund would be defunded under a FY 2017 spending bill passed by the Senate Appropriations Committee on June 9. However, the bill included funding for other evidence-based programs, including $120 million for the successor to the Department … Continue reading
Pay for Success Efforts Roll Forward in Congress, Administration
The still small, but growing, field of pay for success made significant strides this week, with Congress readying pay for success legislation and the Obama administration announcing a second round of grants through the Social Innovation Fund. House Readies New … Continue reading
Posted in Social Impact Bonds / Pay for Success
Medicare and Medicaid Continue Transition to Value-based Payments
Earlier this month, the Department of Health and Human Services (HHS) announced that 30 percent of Medicare payments are now tied to quality or value, nearly a year ahead of goals that it set for itself in early 2015. According … Continue reading
Posted in Health, Social Impact Bonds / Pay for Success
The Emerging Flight Deck of Pay for Success
With authorizing legislation that would extend the concept now stalled in Congress, the Obama administration appears to be following an alternate path to supporting the small but growing model of performance-based government called pay for success. Like performance-based contracting, pay-for-success … Continue reading
Posted in Social Impact Bonds / Pay for Success
The Promise and Peril of an “Outcomes Mindset”
Late last year, the White House and a number of former Obama administration officials began rolling out an apparently coordinated campaign to promote an “outcomes mindset” for government and the social sector. Unfortunately, while this agenda includes many positive recommendations, … Continue reading
Posted in Social Impact Bonds / Pay for Success